BURNABY, Canada, April 1, 2015 /PRNewswire/ --
Industrial segment in Alwar district likely to account for
leading share in natural gas demand through 2040
India is among the leading
energy consumers across the globe, wherein the country represented
4.7% of the global energy consumption in 2013. Natural gas
consumption in the country stood at 51.4 billion cubic meter in
2013, witnessing a CAGR of 5.71% during 2003-13. City Gas
Distribution (CGD) in India is
witnessing increasing market traction subsequent to the
government's announcement to extend CGD network to 200 cities.
According to TechSci Research report "Alwar City Gas
Distribution Market Forecast & Opportunities, 2040",
the natural gas demand in the district is expected to grow at a
CAGR of ~15% during 2018-2040.
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CGD network in Alwar has been segmented into industrial,
commercial, transport and household segments. The industrial
segment represents manufacturing companies encompassing general
manufacturing, breweries/distilleries and textile manufacturing,
amongst other key industries in the district, while commercial
segment includes commercial establishments such as hotels,
restaurants and hospitals in the district. Transport segment
includes natural gas used as fuel for vehicles in the form of
Compressed Natural Gas (CNG).
"Going by the realistic scenario mentioned in the report
released on CNG distribution in Alwar, the industrial segment is
expected to represent highest share in natural gas consumption
throughout the forecast period 2018-2040, while commercial segment
is likely to account for the lowest share.", said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
"Alwar City Gas Distribution Market Forecast &
Opportunities, 2040" has analyzed the potential of City
Gas Distribution in Alwar district and provides statistics and
information on market structure, size and trends. The report will
suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions.
Besides, the report also identifies and analyzes the emerging
trends along with essential drivers and key challenges faced by
City Gas Distribution market in Alwar District.
About TechSci Research
TechSci Research is a global market research and consulting
company with offices in Canada, UK
and India. TechSci Research
provides market research consulting services in six verticals -
Information Technology, Chemicals, Water & Water Recycling,
Consumer Goods & Retail, Automotive and Energy & Power. The
company uses proprietary innovative business model that focuses on
improved productivity that also ensure the creation of high-quality
reports. With more than 100 client engagements with fortune 500
clients, TechSci Research enjoys the status of a premium market
research services provider in the industry.
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SOURCE TechSci Research