Natural Gas Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Natural Gas Storage Market Report is segmented by Type (Underground Storage and Above-Ground Storage) and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa)

Natural Gas Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Natural Gas Storage Market Size

Natural Gas Storage Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 3.50 %
Fastest Growing Market Europe
Largest Market North America

Major Players

Natural Gas Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Natural Gas Storage Market Analysis

The Natural Gas Storage Market is expected to register a CAGR of greater than 3.5% during the forecast period.

  • Underground storage (UGS) segment is expected to have the largest share in the market, owing to its several advantages over above-ground storage and increasing number of facilities due to low operational and infrastructural cost, led by North America which has highest share of UGS capacity.
  • The research being done by the United States Department of Energy regarding salt formations to be chilled for storing more gas, leading to cheaper development cost is creating opportunity for the market being studied.
  • Europe is expected to be the fastest growing market, with increasing dependency on natural gas as a fuel and to secure natural gas availability irrespective of supply and demand.

Natural Gas Storage Industry Overview

The natural gas storage market is moderately fragmented. Some of the key players are John Wood Group PLC, Enbridge Inc., Engie SA, Gazprom PAO, and Uniper SE.

Natural Gas Storage Market Leaders

  1. John Wood Group PLC

  2. Enbridge Inc.

  3. Engie SA

  4. Gazprom PAO

  5. Uniper SE

  6. *Disclaimer: Major Players sorted in no particular order
Natural Gas Storage Market Concentration
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Natural Gas Storage Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2025
  • 4.3 Natural Gas Production Forecast, in Billion Cubic Meters, till 2025
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 Porter's Five Forces Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Consumers
    • 4.8.3 Threat of New Entrants
    • 4.8.4 Threat of Substitutes Products and Services
    • 4.8.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Underground Storage
    • 5.1.2 Above-Ground Storage
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.2 Europe
    • 5.2.3 Asia-Pacific
    • 5.2.4 South America
    • 5.2.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 China National Petroleum Corporation
    • 6.3.2 Chiyoda Corporation
    • 6.3.3 Costain Group PLC
    • 6.3.4 Enbridge Inc.
    • 6.3.5 Engie SA
    • 6.3.6 Gazprom PAO
    • 6.3.7 John Wood Group PLC
    • 6.3.8 Koninklijke Vopak N.V.
    • 6.3.9 NAFTA a.s.
    • 6.3.10 Uniper SE
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Natural Gas Storage Industry Segmentation

The natural gas storage market report include:

Type Underground Storage
Above-Ground Storage
Geography North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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Natural Gas Storage Market Research FAQs

What is the current Natural Gas Storage Market size?

The Natural Gas Storage Market is projected to register a CAGR of greater than 3.5% during the forecast period (2025-2030)

Who are the key players in Natural Gas Storage Market?

John Wood Group PLC, Enbridge Inc., Engie SA, Gazprom PAO and Uniper SE are the major companies operating in the Natural Gas Storage Market.

Which is the fastest growing region in Natural Gas Storage Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Natural Gas Storage Market?

In 2025, the North America accounts for the largest market share in Natural Gas Storage Market.

What years does this Natural Gas Storage Market cover?

The report covers the Natural Gas Storage Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Natural Gas Storage Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Natural Gas Storage Industry Report

Statistics for the 2025 Natural Gas Storage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Natural Gas Storage analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.