The market report offers comprehensive coverage of all the important factors such as market drivers, leading players, latest trends, revenue, growth rate, volume sales, and consumer insights. The rising favorable government regulations, increasing development of pipeline infrastructures, and strong demand for natural gas from downstream sectors, are the key factors driving the growth of the LNG market.
Request for a FREE Sample Report on LNG Market
LNG Market Overview: (Including market share, size, trends, statistics, growth, forecast, and industry analysis)
Market Drivers, Trends & Restraints:
The rising favorable government regulations, increasing development of pipeline infrastructures, and strong demand for natural gas from downstream sectors are the major factors surging the growth of the global liquefied natural gas (LNG) market size during the forecast period. According to the liquefied natural gas (LNG) market overview, the growing emphasis on the development of adequate support infrastructure in developing countries and rapid industrialization and urbanization are some other factors that boost the growth of the market. Liquefied natural gas (LNG) plays a vital part in the power generation, mining sector, and industrial, thus fuelling the growth of liquefied natural gas (LNG) market share in terms of revenue. On the other edge of the spectrum, inadequate pipeline infrastructure in remote areas is a major factor that is restraining the growth of the global LNG market.
Regional Drivers:
Based on the region, Asia-Pacific is projected to increase at a higher CAGR during the forecast period due to the rising awareness about the remarkable benefits of eco-friendly products across numerous end-use industries and the growing investments in infrastructure development developing countries like India, China, Brazil, and Japan.
Competitive Landscape:
The notable players in the LNG market are as follows:
- Chevron Corporation
- Exxon Mobil Corporation
- Royal Dutch Shell PLC
- Total S.A.
- BP PLC
- PetroChina Company Limited
- Equinor ASA
- Gazprom
- Canadian Natural
- ConocoPhillips Company
Market Segmentation
LNG Market by Application:
- Transportation Fuel
- Power Generation
- Mining & Industrial
- Others
LNG Market by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About Noah Research
Noah Research is a market research and consulting firm which provides extensive industry & market research to help businesses around the world in making the toughest business decision. We provide the most comprehensive coverage of any focus industry while ensuring a holistic and deep understanding of the particular market through actionable data. We cover both aspects of the market, the traditional well-established market and the niche markets, especially in the emerging economies. Our clients rely on us to produce reliable, accurate, and timely information. We not only focus on offering the best possible solution in optimal timeframe but also ensures that the trust of our clients is always maintained. We at Noah Research are looking forward in helping businesses to gain a competitive advantage in the specific industry.
Media Contact
Company Name: NOAH RESEARCH
Contact Person: Sarah
Email: media@noahresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.noahresearch.com
