Back to Reports

Gas Utilities in the United States

Published: 09 August 2022 Code: GD0072-2061IP

Globaldata’s report on the Gas Utilities market in the United States provides key insights into the market analysis, overview, category segmentation, market distribution and market outlook.

Following strong growth in 2019, the US gas utility industry has experienced consecutive years of value decline with industry revenues down 0.5% in 2020. This is expected to continue into 2021 with growth expected to return in the remaining forecast period. The US has the largest gas-fired power plant fleet in the world with over 500 GW of capacity. In 2020 the country`s capacity continued to expand with 7 GW of gas-powered power plants added during the year; with California, New York, and Louisiana accounting for almost 60% of the newly commissioned capacity. Natural gas used to generate electric power in the US reached a record high, averaging 31.6 billion cubic feet per day (Bcf/d) in 2020, or 2% more than the 2019 average. 

View our report to access more detailed insight of the Gas Utilities market in the United States.

Industry performance is projected to decline, with a CAGR of 0.4% over five years. The period from 2020 to 2025. This is expected to value the industry at $ 341.5 billion by the end of 2025. By comparison, European and Asia Pacific industries grow at CAGRs of 2% and 2.9%, respectively. Over the same period, it will reach the corresponding values ​​of $2.4 trillion and $383.2 billion in 2025.

A major analysis of the Gas Utilities in the United States:

  • Market value: The United States gas utilities industry shrank by 0.9% in 2020 to reach a value of $335.6 billion
  • Market volume: The United States gas utilities industry shrank by 2% in 2020 to reach a volume of 29,327.6 Billion Cubic Feet
  • Category segmentation: Industrial is the largest segment of the gas utility industry in the United States, accounting for 34.4% of the industry's total value. The Residential segment accounts for a further 30% of the industry
  • Geography segmentation: The United States accounts for 11.4% of the global gas utilities industry value. Europe accounts for a further 73.8% of the global industry

Access our report for detailed insights of the Gas Utilities market in the United States.

Register below for a copy of your FREE report

 

First name is required
Last name is required
Job Title is required
Company is required
Work email is required
Country is required
Industry is required
 Tick here to opt-out of curated industry news, reports, and event updates from GlobalData
By clicking 'Submit' you agree to our Terms & Conditions and consent to us collecting your details for the purposes of your enquiry.
 

GDPR + CCPA Compliant

Personal & transactional information is kept safe from unauthorized use.

Visit our privacy policy for more information about our services, how we may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Still looking?

Have you explored all of our expert analysis? Uncover your next opportunity with our reports.

Explorer

Access more premium companies when you subscribe to Explorer