Continuously developing pipeline infrastructure, smart city projects and increasing government focus on shifting towards gas-based economy to drive India city gas distribution through 2030
According to TechSci Research report, “India City Gas Distribution Market By Type, By Source of Supply, By End Use, Competition, Forecast & Opportunities, 2015 – 2030”, the City Gas Distribution (CGD) network in India is projected to grow at a CAGR of 10% during the forecast period (2020-2030). Growth in the country’s CGD market can be attributed to easy availability and accessibility of cost competitive natural gas in respect to any other liquid fuel. During 2020-30, the country’s CGD network is anticipated to witness robust growth on account of increasing number of vehicles coupled with rising population and growing urbanization across the country. Moreover, the country’s CGD market offers huge growth opportunities as expansion of CGD network in India is among the top-most priorities of Indian Government.
Over the last few years, the government has taken various initiatives in the CGD sector, an increasing number of companies are being authorized and granted licenses in Round 9 and 10 to operate in CGD industry in different geographies across the country. In 2018, regulations pertaining to authorization of City Gas Distribution network were amended. The new and revised regulations helped in gaining more participation from public & private sector in the country’s CGD market, this resulted in expanding the coverage of CGD network to 228 GAs covering overall 70.86% of the cumulative population and 52.80% of the area of the country.
Browse 15 market data Tables and 36 Figures spread through 110 Pages and an in-depth TOC on "India CGD Market"
CNG is used in transportation sector, where it acts as a fuel for vehicles, while PNG is used as a fuel by domestic consumers (households), commercial consumers (hotels, offices, canteens, etc.), and industrial consumers (dryers, boilers, furnace, etc.) in the country. Currently, CGD market in India is majorly dominated by the automotive end use segment on account of growing environmental concerns among consumers coupled with increase in the number of CNG vehicles. Moreover, PNG segment is projected to grow through 2030 due to anticipated advancements in CGD sector and increasing government focus to expand PNG network throughout the country.
The government initiations in development of the Smart City Projects and development in the gas pipeline infrastructures of the country is also going to push the market of city gas distribution as the new infrastructure will result in the installation of CGD network in the households. Various plans of the government to promote the use of PNG across the industrial as well as commercial sector is also expected to drive the market of City Gas Distribution in India.
By source of supply in City Gas Distribution, the domestically supplied had the majority of share in 2019. Region wise, the market is dominated by West region due to a large number of projects in the starting phase of the CGD Bidding Rounds. However, increasing government focus on shifting towards gas-based economy has been pushing the CGD market in East and South regions of the country. Some of the major players operating in India City Gas Distribution market are Indraprastha Gas Limited (IGL), GAIL Gas Limited, Mahanagar Gas Limited (MGL), Gujarat Gas Limited (GGCL), Adani Gas Limited, Maharashtra Natural Gas Limited (MNGL), Central U.P. Gas Limited (CUGL), etc.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3111
Customers can also request for 10% free customization on this report.
“With growth in initiatives taken by the Government of India in CGD sector, various CGD entities are entering the market, and coming forward to establish CGD network in different geographical locations across the country. Moreover, Petroleum and Natural Gas Regulatory Board (PNGRB), a regulatory body which acts as a controller and regulator of CGD business in India, is also planning to expand CGD network in 300 geographical locations around the country over the next few years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India City Gas Distribution Market By Type, By Source of Supply, By End Use, Competition, Forecast & Opportunities, 2015 – 2030” has evaluated the future growth potential of City Gas Distribution (CGD) market across India and provides statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes drivers, challenges and opportunities available in India CGD market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
No comments:
Post a Comment