Market Size of India City Gas Distribution (CGD) Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 10.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India City Gas Distribution Market Analysis
The India City Gas Distribution (CGD) Market is projected to register a CAGR of over 10% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.
- Over the medium term, government initiatives to promote natural gas for emission control and minimize the use of conventional fuels like wood, coal, and petrol in various industries are expected to drive the market.
- On the other hand, the lack of awareness in rural areas and the complicated permitting process for pipeline and retail outlet installations are expected to hinder the market's growth.
- Nevertheless, the government's intention of converting India into a gas-based economy is expected to increase the natural gas share in its energy mix from 6% in 2019 to 15% by 2030. This is expected to create enormous opportunities for the India City Gas Distribution (CGD) Market.
