India City Gas Distribution (CGD) Companies (2024 - 2029)

India City Gas Distribution (CGD) Market Companies Summary

The Indian City Gas Distribution (CGD) market, which experienced a setback due to the COVID-19 pandemic, has now recovered to its pre-pandemic levels. This growth in the market is primarily driven by government initiatives to promote the use of natural gas for emission control and to minimize the use of traditional fuels such as wood, coal, and petrol in various sectors. However, the market's expansion is hindered by a lack of awareness in rural areas and a complex permitting process for pipeline and retail outlet installations. Despite these challenges, the government's goal to transform India into a gas-based economy is expected to provide significant opportunities for the CGD market. PNG connections, which supply natural gas to homes, commercial establishments, and industrial sectors, are expected to dominate the market. The rise in PNG connections is due to government measures to promote the use of natural gas as cooking gas, thereby reducing health problems caused by the combustion of fossil fuels. Moreover, the government's announcement of the completion of the 11A bidding round, which covers a significant portion of the population and geographical area for city gas distribution, is expected to drive the growth of PNG connections and CNG stations in the country. The CGD market is expected to continue to grow throughout the forecast period due to an anticipated increase in the number of connections.