Dubai LPG Market Size, Competition, Opportunities and Forecast 2024-2028
Growing public awareness about the benefits of LPG over fossil fuels, along with the increasing adoption of clean energy sources, is expected to drive market growth.
According to the TechSci
Research report "Dubai
LPG Market - By Region, Competition Forecast and Opportunities,
2018-2028," the Dubai LPG market is projected to maintain a high CAGR
in the coming years. This growth is attributed to the growing awareness among
the public regarding the advantages of using liquefied petroleum gas (LPG)
compared to fossil fuels. Additionally, the increasing adoption of clean and
renewable energy sources in Dubai is anticipated to further fuel market
expansion.
LPG, a highly flammable
hydrocarbon gas consisting of propane and butane, is widely used as fuel in
various applications. It is stored in containers for convenient transportation
and storage and finds applications in residential, commercial, and industrial
sectors, primarily for heating, cooking, and powering appliances. Moreover, it
is gaining popularity as an automotive fuel due to its lower emissions and
cost-effectiveness. LPG offers significant advantages such as energy
efficiency, widespread availability, and portability. Its cleaner-burning
properties result in reduced emissions of pollutants, making it an
environmentally friendly option for meeting diverse energy needs globally.
In Dubai, the LPG industry is
embracing technological advancements to optimize operations, enhance safety
measures, and improve efficiency. Automation, IoT-enabled devices, remote
monitoring systems, and advanced analytics are being implemented to streamline
processes and ensure optimal utilization of resources. These technologies
facilitate easier and more efficient storage and transportation of LPG, making
it an attractive choice for businesses and consumers alike. Furthermore,
LPG-powered vehicles are gaining popularity as a greener alternative to
gasoline and diesel-powered vehicles. These vehicles emit fewer emissions,
contributing to environmental conservation efforts.
The Dubai LPG market is
witnessing rapid growth, driven by the introduction of LPG-powered vehicles
such as the Emirates Gas Auto LPG, launched by Emirates Gas LLC in January
2023. This vehicle features a 1.2-liter LPG engine generating 75 horsepower and
102 Nm of torque, with a fuel tank capacity of 50 liters and a range of up to
400 kilometers on a single tank.
Browse over 30 market data
Figures spread through 104 Pages and an in-depth TOC on the "Dubai
LPG Market."
https://www.techsciresearch.com/report/dubai-lpg-market/14242.html
In terms of application, the
Dubai LPG market is divided into residential, industrial, agriculture,
transportation, and commercial sectors. Residential applications hold the
largest market share in 2022, at 55.75%. The Dubai government has implemented
safety regulations governing the storage, handling, and usage of LPG cylinders
in residential areas to ensure resident safety. Additionally, increased demand
from industrial applications, power generation, the growing industrial sector,
and government support initiatives have all contributed to the market's growth.
Regarding source, the Dubai
LPG market is segmented into refinery, associated gas, and non-associated gas
categories. Non-associated gas leads the market in 2022, holding a 44.71%
share. This category, also known as "unconventional gas," includes
natural gas sources independent of oil reserves, such as shale gas, coalbed
methane, and tight gas.
Key market players in the
Dubai LPG market:
- Emirates Gas LLC
- Emirates General Petroleum Corporation
- Abu Dhabi National Oil Company for
Distribution PJSC
- Brothers Gas Bottling & Distribution
Co. LLC
- Al Mandoos Gas Cylinders Trading LLC
- Al Sakhra Gas Distribution LLC
- Unigas Technical & Trading Co. L.L.C
- Happy Way Gas Trading LLC (H W Gas)
- Lootah BCGas LLC
- Dubai Fuel Supply LLC
- Smart Gas Services L.L.C.
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"Dubai's LPG market is projected to maintain a high CAGR due to
significant population growth and urbanization in recent years. The rising
population and ongoing construction activities for residential and commercial
buildings have led to increased demand for LPG in applications such as cooking
and heating. LPG is also utilized across various industries for powering
equipment and heating purposes. With the continual growth and diversification
of industries in Dubai, there is a potential uptick in LPG demand within these
sectors." Mr. Karan Chechi, Research Director at TechSci Research, a
global management consulting firm, commented.
“Dubai LPG Market By
Application (Residential, Industrial, Agriculture, Transportation, and
Commercial), By Source (Refinery, Associated Gas, and Non-Associated Gas), By
Cylinder Capacity (5kg, 11-12.6kg, 13-14.2kg, 15-16.5kg, 19-29.5kg, and More
than 29.5Kg), By Region, Competition Forecast and Opportunities, 2018-2028”
evaluates the future growth potential of Dubai's LPG market, providing
statistics & insights on market size, structure, and future growth. The
report aims to offer cutting-edge market intelligence and aid decision-makers
in making informed investment decisions. Additionally, it identifies and
analyzes emerging trends, drivers, challenges, and opportunities in the Dubai
LPG market.
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