India City Gas Distribution Market Grew at a CAGR of around 6.25% during 2013 – 2015
Continuous expansion
of City Gas Distribution (CGD) network coupled with increasing accessibility
& availability of natural gas to drive city gas distribution market in
India through 2021
According to recently published TechSci
Research report “India City Gas Distribution Market Forecast & Opportunity,
2030”, the City Gas Distribution (CGD) market in India grew at a CAGR
of 6.25% during 2013 - 2015, owing to easy availability as well as accessibility
of Natural Gas, an colourless
and odourless gas which can be easily transported via pipeline. Moreover,
backed by increasing number of vehicles, growing population and increasing urbanization,
the country’s CGD network is anticipated to grow at a robust pace over the next
five years.
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City Gas Distribution Market"
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In CGD, Natural Gas is
converted to Compressed Natural Gas (CNG), which is used in transportation
sector, and Piped Natural Gas (PNG), which is used as a fuel by domestic
consumers (households), commercial consumers (hotels, offices, canteens, etc.),
and industrial consumers (dryers, boilers, furnace, etc.). In 2015, CGD market
in India is majorly dominated by the transportation sector on account of
growing environmental concerns among consumers coupled with increase in the
number of CNG vehicles. Moreover, PNG segment is projected to grow at around 5%
through 2030 due to anticipated advancements in CGD sector and increasing
government focus to expand PNG network throughout the country.
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Power sector is the leading consumer of natural gas in
India. The sector consumes nearly 30% to 35% of the total natural gas supply in
India annually. Demand for natural gas in power sector is projected to grow at
a CAGR of 10.69% during 2015-2020 due to implementation of a new policy reform known
as “e-bid RLNG”. In addition to power sector, fertilizer sector is another
major consumer of natural gas in the country. Demand for fertilizers is
anticipated to grow at a CAGR of 6.25% during 2015-2025 due to announcement of new
pooling gas policy, which is expected to address the demand from fertilizer
sector. Hence, backed by booming power and fertilizers sectors, the country’s CGD network is anticipated to witness
robust expansion during 2016-2030.
“Owing to
the presence of huge reserves of Natural Gas in the country, the expansion of
CGD network in India is among the government’s top-most priorities. The
country’s government aims to make India a natural gas based nation as it is
more economical and environment friendly as compared to other liquid fuels. As
a result, to promote Natural Gas imports, the government is taking various
initiatives such as long term contracts, signing MoUs with various countries
and building regasification terminals.” Said Mr. Vipul Tiwari, Consultant with TechSci Research.
“India City Gas Distribution
Market Forecast & Opportunity, 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.
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