The global gas feed system market size is calculated at USD 907 million in 2024 and is predicted to reach around USD 1,609 million by 2034, expanding at a CAGR of 5.9% from 2024 to 2034.
The gas feed system market is gaining momentum as more and more industries start using natural gas as a source of energy. People are now demanding more vehicles that run on natural gas, and there is an urgent need to reduce dependency on fossil fuels. The construction and infrastructure industries are growing as the world becomes more urbanized. This has led to the increasing use of natural gas in production processes. These systems become the backbone of chemical manufacturing, food processing, and metal smelting applications, where gas supply with precise delivery becomes a key component. Technological breakthroughs have also come from developments in extraction methods, particularly hydraulic fracturing, and horizontal drilling, making natural gas more available effectively than previously possible and at an economical price.
Some regions are growing due to increasing local needs for energy. The demand for these systems increases in the U.S. through wastewater treatment efforts to address water quality issues. Australia relies on feed systems from gas for its LNG production and export because it has immense reserves of natural gas. Similarly, South Korea and Japan are scaling up their use of natural gas energy security and supporting industrialization, creating demand in the gas feed system market. Spain depends on natural gas for grid stability but is still keen to be renewable in nature; such efforts contribute to the growing market size. The competitive nature opens space for growth in the increasing uptake of natural gas.
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| Stats ID: | 7852 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7852 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
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