Leading market intelligence firm, Transparency Market Research (TMR), has announced the publication of a new report on the global fuel gas production and distribution market. This is a new addition to TMR’s extensive portfolio of market reports related to the energy industry. The report studies the global fuel gas production and distribution market comprehensively and presents forecasts for how the market is expected to shape up in the coming years. The report is titled ‘Fuel Gas Production And Distribution Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.’
Fuel gases are a range of gases that can be used as fuel. Composed of hydrocarbons, just like liquid petroleum fuels, fuel gases provide a high energy efficiency and cleaner burning, which makes the combustion less energy-intensive on the whole. As a result, fuel gases are a widely used fuel all around the world. Due to them being gaseous at room temperature, it is also easier to transport fuel gases than liquid fuels. The liquefaction process can make fuel gas distribution more efficient, as more gas can be transported per unit storage than liquid fuels. This has been a crucial factor in boosting the demand for fuel gas production and distribution.
The increasing demand for energy across the world is a prime driver for the global fuel gas production and distribution market. As reservoirs of other fossil fuels have started to dry up,
However, fuel gases also present some drawbacks compared to liquid fuels. They disperse into the air much more easily than liquid fuels, which can constitute a fire hazard even at relatively low concentrations. Most fuel gases can also have adverse effects on humans at sufficient concentrations. Despite these drawbacks, though, fuel gases have become an important part of the global energy sector in recent years.
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Natural and synthetic fuel gases are the two main categories of the global fuel gas market. Natural gases such as LNG are harvested from natural reservoirs and transported to the end-use site, whereas synthetic gases have to be produced artificially before being transported. Though synthetic gases such as syngas, wood gas, biogas, and coal gas come from naturally occurring substances, they are not produced in sufficient quantities in their natural environment, which necessitates the construction of production plants to ensure steady supply of the fuel gas at an industrial scale.
The North America market for natural gases has already reached saturation point, due to early adoption of the fuel and steady government support for renewable energy. However, the market for synthetic fuel gas production and distribution has significant potential in the region. Likewise, the EU has been among the most emphatic supporters of clean energy, resulting in the Europe market for fuel gas production and distribution being quite well developed already.
Due to the high capital requirements of fuel gas production and distribution processes, the global market for the same is dominated by large multinational companies. Major players in the market include Royal Dutch Shell plc, Apache Corporation, ConocoPhilips, The Dow Chemical Company, Syngas Technology Llc, Sasol Ltd., Mitsubishi Heavy Industries Group, and National Fuel Gas Company.
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