Natural Gas Market Size, Share, and Growth Analysis - 2031
The natural gas market includes the production, distribution, and consumption of natural gas, which is one of the primary fossil fuels used for electricity generation, industrial applications, and residential heating. Natural gas is composed primarily of methane and is extracted from underground reserves through conventional methods, as well as more modern techniques like hydraulic fracturing (fracking) and horizontal drilling. In 2023, the global natural gas market was valued at over $127.9 billion and is projected to grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031. The growing demand for natural gas is primarily being driven by rising energy consumption, increasing industrialization, and technological innovations in the energy sector. To Learn More About This Report, Request a Free Sample Copy - https://www.skyquestt.com/sample-request/natural-gas-market Key Drivers of Market Growth 1. Rising Demand for Cleaner Energy Sources - Natural gas is consid...