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Gas Hydrates Market Share

Report ID: GMI6264
Published Date: Jul 2023
Report Format: PDF

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Gas Hydrates Market Share

Some of the major market players operating in the gas hydrates market are:

Japan Oil
Gas and Metals National Corporation (JOGMEC)
ConocoPhillips
Chevron Corporation
ExxonMobil Corporation
BP plc
Shell Global
TotalEnergies SE
PetroChina Company Limited
China National Offshore Oil Corporation (CNOOC)
Indian Oil Corporation Limited
Gazprom
Statoil (Equinor)
Korea Gas Corporation (KOGAS)
Woodside Petroleum Ltd.
Mitsui & Co., Ltd

These participants focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of gas hydrates reached USD 2.4 billion in 2022 and is set to cross USD 4 billion by 2032, due to the increasing global energy demand and the rising concerns about energy security.

The energy production application segment held 40% share of the gas hydrates market in 2022, owing to the rise in the exploration, production, and development of new energy sources to meet growing energy demands.

U.S. gas hydrates market size reached USD 0.36 billion revenue in 2022, attributed to the higher dependency on imported energy resources in the region.

Some of the prominent gas hydrates firms include Japan Oil, Gas and Metals National Corporation (JOGMEC), ConocoPhillips, Chevron Corporation, ExxonMobil Corporation, Shell Global, TotalEnergies SE, BP plc, PetroChina Company Limited, and China National Offshore Oil Corporation (CNOOC).