Increasing PNG Connections and CNG Stations are Expected to Drive the Market
According to TechSci Research report “India City Gas Distribution Market – By Region, Competition, Forecast & Opportunities, 2028F”, India City Gas Distribution Market is expected to register robust growth during the forecast period 2024-2028. The market is anticipated to expand as a result of the increased demand for natural gas from end user segments in the automotive, industrial, commercial, and residential sectors. Due to the Government of India’s progressively encouraging activities in the CGD sector, more businesses are being permitted and awarded licenses in Rounds 9 and 10 to operate in the CGD industry in various regions around the country.
India is rapidly expanding its market for the easy distribution of city gas. From its 35 geographic regions in the early 2000s, India has access to city gas in more than 90 geographic areas, as of 2019, and is prepared to have access to more than 220 geographic areas by 2029, which is anticipated to include about 70% of India’s whole population.
PNG is used as a fuel by residential consumers (households), commercial consumers (hotels, offices, canteens, etc.), and industrial consumers (dryers, boilers, furnaces, etc.) in the nation. CNG is utilised in the transportation sector as a fuel for automobiles. Due to rising consumer environmental concerns and an increase in the number of CNG vehicles, the automotive end use segment currently controls a large portion of the CGD market in India. Furthermore, the PNG segment is expected to expand through 2030 as a result of anticipated improvements in the CGD sector and growing government emphasis on expanding PNG network across the nation.
The government’s initiatives to improve the country’s gas pipeline infrastructure and smart city projects will also drive the city gas distribution market because the new infrastructure will lead to the construction of CGD networks in homes. The government’s initiatives such as The revised domestic natural gas pricing guidelines for gas produced from nomination fields of ONGC/OIL, New Exploration Licensing Policy (NELP) blocks, and pre-NELP blocks, where Production Sharing Contract (PSC) provides for Government approval of prices, have been approved by the Cabinet Committee on Economic Affairs, presided over by Prime Minister Shri Narendra Modi to encourage PNG use in the commercial and industrial sectors are also anticipated to fuel the growth of India’s city gas distribution market.
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India City Gas Distribution Market is segmented into Type, Source of Supply, and End-User. Based on Type, the market is segmented into Compressed Natural Gas, Piped Natural Gas. Based on Source of Supply, the market is segmented into Domestically Supplied, International Pipeline Trade. Based on End-User, the market is segmented into Industrial, Residential, Commercial, and Automotive.
The market is divided into liquefied petroleum gas (LPG), piped natural gas (PNG) based on types. The piped natural gas (PNG) segment dominates the city gas distribution market because it occupies less space than other types and meets the needs of the majority of fuel-dependent segments. Another benefit of PNG distribution is its safety factor because the supply of gas is much lower than that of other types, making it more dependable to use. During the forecast period, one of the key segments anticipated to rule India’s CGD market is PNG connections. Natural gas is anticipated to rise from 6% of India’s energy mix in 2019 to 15% by 2030, as a result of the government’s plans to make the country a gas-based economy. Additionally, the government has ambitions to increase and cover untapped areas with natural gas access, which would present a chance for the industry to expand soon.
The market is divided into Industrial, Residential, Commercial, and Automotive, based on end user. As a result of the critical role that gases play in numerous automotive processes, from part manufacturing to assembly and driving experience, the automotive industry is predicted to dominate the end-user market. Gas usage improves user experience, comfort, and reduced maintenance, which has a significant impact on the market for city gas distribution.
Major market players in the India City Gas Distribution Market are: –
- Gujarat Gas Limited (GGCL)
- Indraprastha Gas Limited (IGL)
- GAIL Gas Limited
- Mahanagar Gas Limited (MGL)
- Adani Gas Limited
- Maharashtra Natural Gas Limited (MNGL)
- Central U.P. Gas Limited (CUGL)
- Bhagyanagar Gas Limited (BGL)
- Tripura Natural Gas Company Limited (TNGCL)
- Sabarmati Gas Limited (SGL)
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“Expanding government programmes to promote the use of natural gas as a cleaner fuel option to liquefied natural gas (LPG) and conventional fuels like wood, cow dung, etc., as well as many other reasons, are likely to drive the market throughout the projected period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
India City Gas Distribution Market by Type (Compressed Natural Gas, Piped Natural Gas), By Source of Supply (Domestically Supplied, International Pipeline Trade), By End-User (Industrial, Residential, Commercial, Automotive), By Region, Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of India City Gas Distribution market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India City Gas Distribution market.
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