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.
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.
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