$191.3bn
$XX.Xbn
94,064
448
$XX.Xbn
Natural gas distributors have benefited mainly from the enormous outburst of natural gas availability in the United States since the early 2000s because of the growing prevalence of advanced drilling techniques employed by upstream producers in the Oil Drilling and Gas Extraction industry. Natural gas is used to generate electricity, produce useful thermal output and as an industrial feedstock. Many end users, mainly electric power plants, have been pressed to transition to using this energy source at the expense of others because of its increased affordability and comparatively lower environmental impact. Revenue is set to swell at a CAGR of 1.7% through the end of 2024 to $191.3 billion, including a measly 1.0% dip in 2024.
Industry revenue has grown at a CAGR of 1.7 % over the past five years, to reach an estimated $191.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
The Southern Company | 6,442.6 | 1,041.5 | 16.2 | |
Nisource Inc. | 6,286.8 | 1,567.0 | 24.9 | |
Atmos Energy Corp | 4,763.0 | 1,307.0 | 27.4 |
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Industry revenue is measured across several distinct product and services lines, including Natural gas distribution, Natural gas marketing and brokering and Other. Natural gas distribution is the largest segment of the Natural Gas Distribution in the US.
Natural gas distribution continues to be the main source of revenue
The majority of companies in this industry manage gas distribution systems consisting primarily of gas mains and meters that transport gas to end users. Other companies are gas marketers that buy gas directly from the well and sell it to a distribution system, while others are gas brokers or agents that arrange for gas to be sold via distribution systems operated by other companies.
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NAICS 22121 - Natural Gas Distribution in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
International unrest has driven gas prices up. Deteriorating relations between the Western powers, Russia and China, have caused significant disruptions in the global supply ...
Learn about an industry's products and services, markets and trends in international trade.
Residential households continue to contribute significantly to natural gas revenues. Even with a slight drop in distribution volume, rising prices have kept distributors' sal...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Great Lakes region leads in natural gas distribution, driven by a robust manufacturing sector. States like Michigan and Illinois are key players, home to major cities and...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competition among domestic distributors is moderate because of high entry barriers and government regulations, which limit the number of companies in the market. Most of the ...
Learn about the performance of the top companies in the industry.
Major distributors are long-established regional operations. The two largest distributors of natural gas in the United States are NiSource Atmos Energy. Both companies were e...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Distributors are beholden to environmental regulations that curtail the generation of greenhouse gasses. These regulations are enforced at state and federal levels and distri...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Distributors' most significant expense is purchases, representing nearly half of their revenue. With rising prices affecting their bottom line, managing these costs has never...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Natural Gas Distribution in the US industry in United States is $191.3bn in 2024.
There are 448 businesses in the Natural Gas Distribution in the US industry in United States, which has grown at a CAGR of 1.0 % between 2019 and 2024.
The market size of the Natural Gas Distribution in the US industry in United States has been growing at a CAGR of 1.7 % between 2019 and 2024.
Over the next five years, the Natural Gas Distribution in the US industry in United States is expected to grow.
The biggest companies operating in the Natural Gas Distribution market in United States are The Southern Company, Nisource Inc. and Atmos Energy Corp
Operating gas distribution systems (e.g. mains and meters) and Buying gas from a well and selling it to a distribution system are part of the Natural Gas Distribution in the US industry.
The company holding the most market share in United States is The Southern Company.
The level of competition is moderate and steady in the Natural Gas Distribution in the US industry in United States.