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Gas Plants - Industry Overview

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Gas Plant Manufactures is the most renowned worldwide gas industry amongst $600 billion industry and it is growing at around 2.8% annually. In fact the forecast for Global gas demand shows a path of steady increase till the year 2020.

The gas industry as whole, in many aspects is now at a turning point in terms of trade, market, demand and supply. The major trends that are spotted in this burgeoning industry are as follows:

Changing gas demand: the demand for the gas is changing with the new demand wave being guided by gas to power.

Competition: Increasingly the gas sectors are being subjected to more competition with new market design, and a heightened interlink between the markets of gas and electricity.

Wider role for LNG: it is seen that there is a predominant shift of global gas trade towards LNG, this allows flexibility along with the opportunity of mobilizing more reserves. Dependence on import: Increasingly countries are getting import dependent.

Economic Growth: The demand for gas, and the obvious extension LNG, is closely has a close connection with the economic growth. There is a correlation between economic growth and direct gas consumption. An upsurge in economic growth especially in the Asia-Pacific region will have a considerable impact on the demand for gas.

Categories of Gases

The industrial gases that are manufactured or sold can be divided into the following three categories. They are the following:

Extracted gases- Those that are separated from air, for example oxygen, nitrogen, helium, etc.
Synthesized gases- Those that are byproducts of the various chemical operations. For example hydrogen, acetylene, carbon dioxide, nitrous oxide etc.
Medical gases- This essentially consists of the purified forms of oxygen and nitrous oxide.
Gaseous mixtures- Mixtures of gases that are needed for special applications for smaller market (e.g. For welding etc.)

Tags:- Gas Industry Overview, Gas Manufacturing Industry, Worldwide Gas Industry

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