Feb 22, 2019 (Heraldkeeper thru COMTEX) — The ‘Keyword marketplace’ research collated by Market Study Report, LLC, offers a complete evaluation of boom traits winning inside the international commercial enterprise domain. This document also affords definitive statistics regarding the marketplace, size, commercialization components, and industry revenue forecast. Also, they have a look at explicitly highlighting key gamers’ competitive status in the projection timeline while focusing on their portfolio and local enlargement endeavors.
MarketStudyReport.Com Adds New GCC Natural Gas Market 2018 – 2024 studies document imparting records and records By Product, By Application, By End Use, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 315 Pages with desk and figures in it.
Increasing attention to improving non-conventional reservoirs to reduce dependency on imports will fuel the GCC natural fuel Market. Low electricity generation fees, environmental proximity, and fee effectiveness will make the product adoption optimum over different alternatives. According to BP power outlook, herbal fuel is anticipated to witness growth over 60%, wherein total power utilization is projected to benefit over 50% escalation by 2040.
GCC Natural Gas Market is anticipated to attain over USD 50 Billion through 2024. Stringent authority’s mandates to lessen emissions and growing issues relating to fossil gas sustainability will positively affect the GCC herbal gasoline marketplace. In 2016, Saudi Arabia projected the Nationally Determined Contribution (NDC) target to lower one hundred thirty metric tons of CO2 according to yr via 2030.
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The unconventional natural fuel Market is ready to extend over nine% by 2024. Rising demand for smooth gas from high strength-in-depth industry will positively impact the industry panorama. Non-toxins, the capability to provide extra efficiency, and less carbon emission are essential abilities for you to positively impact the business outlook.
CNG herbal fuel market is projected to surpass USD 3 billion by 2024. Shifting fashion closer to electricity security coupled with a growing variety of cars will raise the product called for. In Saudi Arabia, passenger vehicle income is anticipated to develop by 50%.
In 2017, the residential utility accounted for over 12% of GCC natural gasoline market share owing to the increasing center magnificence populace and the brisk economic increase. In 2018, the World Bank expected an increased fee of over 1.5% concerning the Saudi Arabian economy.
UAE herbal gas marketplace is expected to witness a strong increase due to a great outlook towards diversification of energy. The Government of UAE has set a goal to consolidate 24% of its contribution from renewable resources beneath its National Agenda 2021.
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Ongoing investments to improve unconventional NG reserves at the side of escalating demand for electricity will supplement the Saudi Arabia herbal fuel Market. Saudi Aramco introduced funding of USD 7 billion closer to the development of shale gasoline reserves.
Eminent members across the GCC herbal gasoline market consists of Qatar Petroleum, GAZPROM, British Petroleum, Exxon Mobil, ConocoPhillips, Bahrain Petroleum Company, Eni, Lukoil, Chevron, Royal Dutch Shell, ONGC Videsh, General Electric, Occidental Petroleum Corporation, Petroleum Development Oman, Statoil, Rosneft, Occidental Petroleum Corporation and Total.
Table of Content:
- Chapter 1. Methodology & Scope
- Chapter 2. Executive Summary
- Chapter 3. GCC Natural Gas Industry Insights
- Chapter 4. GCC Natural Gas Market, By Product
- Chapter 5. GCC Natural Gas Market, By Application
- Chapter 6. GCC Natural Gas Market, By End-Use
- Chapter 7. GCC Natural Gas Market, By Country
- Chapter 8. Company Profiles
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