Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 432.65 Million |
| USD 771.62 Million | |
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Global Gas Hydrates Market, By Type (Onshore Gas Hydrates, Offshore/ Marine Gas Hydrates), Origin (Seabed, Permafrost), Application (Transportation Fuel, Commercial, Industrial) – Industry Trends and Forecast to 2030.
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Various developed and developing nations are investing in advanced research programs and technologies for manufacturing gas hydrates. A rise in demand for gas hydrates across oil and gas, and automotive has been witnessed in the past few years.
Data Bridge Market Research analyses that the global gas hydrates market was valued at USD 432.65 million and is expected to reach the value of USD 771.62 million by 2030, at a CAGR of 8.30% during the forecast period of 2023 to 2030. “Transportation Fuel” dominates the application segment of the global gas hydrates market part owing to increasing demand for clean and renewable energy sources. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Onshore Gas Hydrates, Offshore/ Marine Gas Hydrates), Origin (Seabed, Permafrost), Application (Transportation Fuel, Commercial, Industrial)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Poland, Norway, Finland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa
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Market Players Covered
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Japan Drilling Co., Ltd. (Japan), Chevron Corporation. (U.S.), Schlumberger Limited. (U.S.), ConocoPhillips Company. (U.S.), Japan Oil, Gas and Metals National Corporation (Japan), China Petrochemical Corporation. (China), Oil and Natural Gas Corporation Ltd. (India), PetroChina Company Limited (China), Shell (UK), TotalEnergies (France), Fugro (Netherlands), Minerals Management Service (US), United States Department of Energy (U.S.), United States Geological Survey (U.S.), Schlumberger Limited. (U.S.), BP p.l.c. (U.K.), ConocoPhillips Company. (U.S.), and Equinor ASA (Norway), among others
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Market Opportunities
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Market Definition
Gas hydrates, also known as fire ice, refer to crystalline solid ice-like form of water consisting of gas molecules. These are held under high pressure and low temperature. In the world’s continental margins, large quantities of gas hydrates. The hydrates are obtained in the seafloor sediments down to a depth of 200 m-400 m.
Drivers
The increase in the investments on exploration and extraction across the globe acts as one of the major factors driving the growth of gas hydrates market. Also, decline in fossil fuels and various initiatives taken by various government for exploration of gas hydrates have a positive impact on the market growth
The increase in the number of gas extraction activities in some regions accelerate the market growth. The rise in the population increasing the need for energy drives the growth of the market
The increase in the commercialization of methane hydrate rising the extraction activities further influence the market. Various countries including China and Japan have already succeeded in extracting methane hydrate after conducting two tests
In addition, the surge in investments, expansion of oil and gas sector, and urbanization in the developing economies positively affect the gas hydrates market
Opportunity
Furthermore, technological development in the oil and gas mining vessels extend profitable opportunities to the market players 2023 to 2030. Also, surge in investments will further expand the market
Restraint/Challenge
On the other hand, high risk associated with the extraction activities is expected to obstruct the market. Also, concerns regarding climate warming are projected to challenge the gas hydrates market in the forecast period.
Recent Developments
The gas hydrates market is segmented on the basis of type, origin and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Origin
Application
The gas hydrates market is analyzed and market size insights and trends are provided by type, origin and application as referenced above.
The countries covered in the gas hydrates market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Poland, Norway, Finland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa
Asia-Pacific dominates the gas hydrates market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is because of the rise in the rate of production capacity and advent of industrialization within the region.
North America is expected to be the fastest developing region during the forecast period of 2023 to 2030 due to the expansion of oil and gas sector in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The global gas hydrates market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to global gas hydrates market.
Some of the major players operating in the gas hydrates market are:
SKU-
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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