Market Size of Asia-Pacific Natural Gas Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Natural Gas Market Analysis
The Asia-Pacific natural gas market is expected to register a CAGR of 4% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic in 2020. Presently, the market has reached pre-pandemic levels.
- Over the medium term, the increasing investments in natural gas production are expected to drive the growth of the market studied.
- On the other hand, highly volatile prices and a growing emphasis on clean energy sources are expected to hamper the growth of the Asia-Pacific natural gas market during the forecast period.
- Countries such as India, Indonesia, Singapore, and Malaysia are the fast-growing economies in the Asia-Pacific region. Thus, the demand for natural gas is expected to rise. This increase is expected to provide an opportunity for growth after the forecast period.
- China dominates the market. It is also expected to register the highest CAGR during the forecast period. This growth is attributed to increasing domestic production and consumption.
