Liquefied Natural Gas (LNG) Market, By Type (Liquefaction Terminal and Regasification Terminal), By Application (Heavy-Duty Vehicles, Electric Power Generation, and Marine Transport), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI37319 | Publish Date: April 2024 | No. of Pages: 180

Global Liquefied Natural Gas LNG Overview

Introduction

Liquefied natural gas (LNG) is a natural gas.  LNG is odorless, colorless, non-toxic, non-corrosive in nature and is basically a mixture of methane and ethane. Liquefied natural gas has wide range of applications in various end-use industries. This gas is generally cooled down to liquid form; for ease of non-pressurized storage as well as transport.  

Increasing end-use applications of liquefied natural gas in the power generation, construction and dairy products, furnaces, fluid bed dryers, food processing, manufacturing, mining, and industrial sector at a low fuel switching cost is major factor anticipated to propel growth of the liquefied natural gas market over the forecast period.

In addition, increasing use of LNG in various modes of transport as an alternative fuels in the rails, ships (ferries) as well trucks owing to its low emission rate of carbon is another factor fuelling growth of the global market. Furthermore, growing adoption of LNG as fuel in natural gas-based vehicles, coupled with its growing use by domestic users for cooking purposes are some among the major factors propelling growth of the target market. However, expiration of exports contracts, and stringent regulations associated with the LNG are factors restraining growth of the target market.

The liquefied natural gas market has been segmented on the basis of type, application, and region.

The type segment includes liquefaction terminal and regasification terminal. On the basis of application segment the liquefied natural gas market has been segmented in to heavy-duty vehicles, electric power generation, and marine transport.

On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific liquefied natural gas market is expected to account for the major share in terms of revenue as compared to the other regions. This is owing to increasing liquefaction capacity and increase in export of projects that are associated with liquefied natural gas in the countries of region especially in China, India, and South Korea.

Key players operating in the liquefied natural gas market includes BP Plc., Royal Dutch Shell plc., Chevron Corp., Exxon Mobil Corp., Total S.A., PetroChina Co. Ltd., Equinor ASA., Sinopec Ltd., Gazprom Ltd., and Canadian Natural Resources Ltd.

Global Liquefied Natural Gas LNG Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Type Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Liquefaction Terminal  
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Regasification Terminal
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Heavy-Duty Vehicles
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Electric Power Generation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Marine Transport
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • BP Plc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Royal Dutch Shell plc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Chevron Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Barents Natural Gas AS
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Exxon Mobil Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Total S.A.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • PetroChina Co. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Equinor ASA
    •  Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sinopec Ltd
    •  Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Gazprom Ltd
    •  Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The liquefied natural gas market has been segmented into type, application, and region.

Factors driving market growth include the increasing demand for cleaner energy, the rise of LNG as a key fuel for transportation, and investments in LNG infrastructure.

Global restraints may involve concerns about methane emissions, competition from other energy sources, and geopolitical challenges affecting LNG trade.

The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is estimated to dominate the Liquefied Natural Gas (LNG) Market, exhibiting a significantly high revenue share over the forecast period.

Key players operating in the global liquefied natural gas market includes BP Plc., Royal Dutch Shell plc., Chevron Corp., Exxon Mobil Corp., Total S.A., PetroChina Co. Ltd., Equinor ASA., Sinopec Ltd., Gazprom Ltd., and Canadian Natural Resources Ltd.