LPG Demand Growing at 6.5% CAGR

Fast urbanization and rising income levels are fuelling the LPG demand to grow at a CAGR of around 6.5% CAGR during 2012-2014, says RNCOS.

Noida, India (prHWY.com) March 26, 2012 - India is the fourth largest LPG consumer in the world after the US, China, and Japan. The country is also recognized as an emerging player in the CNG industry with plans to link 200 cities to natural gas within the next 5 years. Although the domestic LPG consumption in India is growing annually, it is auto LPG, which is zooming off with better growth figures. The presence of LPG for cooking purposes is currently limited to Tier-1, Tier-2, and Tier-3 cities, thus leaving a vast untapped market in the form of small towns and villages.

A report by RNCOS entitled "Indian Natural Gas Sector Analysis", further reveals that propelled by fast urbanization and rising income levels; the LPG demand in the country is all set to grow at a CAGR of around 6.5% CAGR during 2012-2014. With the rising plunge on pollution-free environment, this sector would receive the required thrust in near future. It is anticipated that the CNG consumption in the country will grow at a double-digit CAGR growth during 2012-2014. However, CNG infrastructure is at the nascent stage of development and still requires huge investments to catch-up with the international standards.

Maharashtra has the highest number of LPG customers in the country followed by Andhra Pradesh and Tamil Nadu. It is expected that the rising awareness about fuel qualities and gas companies, expansion strategies along with the supportive government initiatives will further boost the growth of LPG consumers in the country, especially in the rural areas. Rapid surge in LPG demand and continuously increasing number of LPG running vehicles have encouraged the government to import LPG from international markets, particularly from the Middle-Eastern countries.

Our report is an outcome of widespread research and objective analysis of ongoing as well as future market trends for all the prominent market segments. It provides exhaustive analysis on gas demand and supply, gas allocation, gas pricing, exploration and development, etc. to facilitate with a deeper understanding of the market. The report also facilitates information on key players in the country and includes their detail business description covering information on financials, strengths and weaknesses, and their recent activities. Overall, our report studied and analyzed prudently all the aspects of natural gas sector in India.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM232.htm

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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: india natural gas

Categories: Energy

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