Press release
Middle East and Africa (MEA) Compressed Natural Gas (CNG) Market Projected to Grow at a CAGR of 12.0% by 2027|Leading Key Players- National Iranian Gas Company, Emirates National Oil Company, Qatar Fuel Company Q.P.S.C.
Research Nester
In the report BP Statistical Review of World Energy 2019, natural gas consumption in the Middle East and in Africa reached to 475.6 million tonnes oil equivalent from 326.8 million tonnes oil equivalent, and 129.0 million tonnes oil equivalent from 85.1 million tonnes oil equivalent in-between 2010-2018.
The statistics portray the increasing consumption of energy in Middle East and Africa (MEA) owing to the demand for energy from the increasing number of projects in the domestic, service and infrastructure sectors in the region. Moreover, rise in the demand for energy in the power and industrial sector, which together accounted for 69% of the total increase in the energy consumption, are some of the factors anticipated to drive the growth of the Middle East and Africa (MEA) compressed natural gas (CNG) market.
The Middle East and Africa (MEA) compressed natural gas (CNG) market is anticipated to record a CAGR of 12.0% during the forecast period, i.e. 2019-2027 and is further slated to achieve a market value of USD 21,980.9 million by 2027 from 9,341.1 million in 2020. The market is thriving on account of growing adoption of natural gas for use in several applications coupled with the growing need of the nation to lower its dependency on oil as a source of energy and thereby be less susceptible to the volatility of oil products in the market. Moreover, presence of large natural gas reserves in the nation in nations such as Iran and Qatar, along with the focus of the nation towards the diversification of its power supply are some of the factors anticipated to promote towards the growth of the Middle East and Africa (MEA) compressed natural gas (CNG) market.
Download Sample of This Strategic Report @ https://www.researchnester.com/sample-request-2287
The MEA CNG market is segmented by source into associated, non-associated and unconventional gas. Among these segments, non-associated segment is anticipated to hold the largest market share of around 56.7% and attain a CAGR of around 11.7% during the forecast period on account of low cost of extraction of gas which is inducing oil drillers to explore the crucial gas reserves present in the region, such as Karan, Arabiyah and Hasbah.
However, concerns for requirement of high investment for setting up gas pipeline distribution infrastructure is estimated to act as a barrier to the growth of the Middle East and Africa (MEA) compressed natural gas (CNG) market over the forecast period.
This report also studies existing competitive scenario of some of the key players of the Middle East and Africa (MEA) compressed natural gas (CNG) market, which includes profiling of National Iranian Gas Company, Emirates National Oil Company (ENOC), Qatar Fuel Company Q.P.S.C. (WOQOD), Abu Dhabi National Oil Company and Badeal.
Curious about this latest version of report? Obtain Report Details @ https://www.researchnester.com/reports/middle-east-and-africa-compressed-natural-gas-market/2287
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled "Middle East and Africa (MEA) Compressed Natural Gas (CNG) Market - Regional Demand Analysis & Opportunity Outlook 2027", analyses the overall MEA CNG industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the Middle East and Africa (MEA) compressed natural gas (CNG) market in the near future.
Contact Us
AJ Daniel
Email: sales@researchnester.com
U.S. Phone: [+1 646 586 9123]
U.K. Phone: [+44 203 608 591]
About Research Nester
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Middle East and Africa (MEA) Compressed Natural Gas (CNG) Market Projected to Grow at a CAGR of 12.0% by 2027|Leading Key Players- National Iranian Gas Company, Emirates National Oil Company, Qatar Fuel Company Q.P.S.C. here
News-ID: 1946166 • Views: …
More Releases from Research Nester Pvt Ltd
Chemical Fertilizers Market Outlook By Industry Size, Share, Revenue, Regions An …
The chemical fertilizers market has been segmented into macronutrients, micronutrients, application and forms. Based on macronutrients, the market has been segmented into nitrogen based fertilizers, phosphate based fertilizers and potash based fertilizers.
Among these segments, the nitrogen based fertilizers are estimated to dominate the market by holding the largest share of approximately 50%. This can be attributed to the absorption of nitrogen by plants. In 2013, the demand for nitrogen…
Glass Coating Market Overview By Share, Size, Industry Players, Revenue And Prod …
The global glass coating market is segmented by coating type into pyrolytic coating, magnetic sputtering coating and sol-gel coating; by technology into liquid glass coating and nano glass coating; by application into construction, paints & coating, automotive, aviation and others and by regions.
According to Federal Reserve Bank of Chicago represents increase in sales of light vehicle in China by 2.1%, Latin America by 6.2%, Europe by 2.6%, and Rest…
Insect Repellent Market Outlook By Industry Size, Share, Revenue, Regions And To …
The global insect repellent market is segmented by repellent type into coils, liquid vaporizers, sprays/aerosol, mats, cream and oil; by ingredient into natural and synthetic; by sales channel into online and offline and by regions. The insect repellent market is anticipated to mask a CAGR of 8.3% during the forecast period i.e. 2019-2027.
The rising penetration of insect repellents in untapped rural markets across the developing countries as well as…
Waterproofing Chemicals Market 2017 Share Growing Rapidly With Latest Trends, De …
The global waterproofing market is segmented on the basis of type, application and end-use. The market is segmented on the basis of type, it is segmented into Bitumen, PVC, TPO and EPDM. Bitumen leads the product segment in 2017 on the account of superior properties which include high viscosity, resistance to UV light and better binding nature. On the basis of application, it is segmented into Roofing and Walls, Flooring,…
More Releases for MEA
Monoethylamine (MEA) Market 2022 | Detailed Report
This report provides an informative view about the competitive aspect of the global market. It includes detailed picture of the exhibition of a portion of the essential global players working in the Monoethylamine (MEA) market. The research study also provides historical record with profits predictions and forecasts from 2022 to 2028. Also, the business manufacturing of the notable manufacturers is also emphasized with technical data in the report.
This report is…
Specialty Chemicals Increasing Farm Productivity in MEA
The Middle East and Africa (MEA) specialty chemicals market will grow at a CAGR of 5.3% during the forecast period (2018–2023), owing to the surging use of agrochemicals in African countries and increasing construction activities for the establishment of new commercial centers, industrial plants, and housing units. Moreover, the revival of the oil and gas industry will facilitate the market growth in the foreseeable future. According to P&S Intelligence, the…
Starch Market - MEA Industry Report, 2030
Albany, NY - MEA Starch Market: Introduction
The revenue generated from the MEA starch market is estimated to value over US$ 1.7 Bn in 2020, which is projected to grow at a CAGR of 4.7%, to surpass US$ 2.7 Bn by 2030.
Download PDF Brochure -https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1348
Skyrocketed Demand for Processed Food Amps Up Market Growth
The starch finds large applications in the food industry. Processed food manufacturers have been increasing demand for starch, owing…
Europe & MEA Inertial Navigation System Market 2019-2027 / Europe & MEA include …
The report covers the forecast and analysis of the Europe & MEA inertial navigation system market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Million). The study includes drivers and restraints of the Europe & MEA inertial navigation system market along with the impact they have on the demand over the…
Acetamide MEA Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Acetamide MEA Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Acetamide MEA players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Acetamide MEA with respect to individual growth…
MEA Triazine Market Size, Share, Development by 2024
Global Info Research offers a latest published report on MEA Triazine Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global MEA Triazine players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the MEA Triazine with respect to individual growth…
