Liquefied natural gas Global Market Report 2024

Description

“Liquefied natural gas Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on liquefied natural gas market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for liquefied natural gas? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The liquefied natural gas market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: APCI Liquefaction Technology; Cascade Liquefaction Technology; Other Liquefaction Technology
2) By Application: Power Generation; Transportation Fuel; Other Applications
Companies Mentioned: BP plc; Chevron Corporation; Eni SpA; Exxon Mobil Corporation; TotalEnergies SE
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Liquefied natural gas (LNG) is a fuel gas derived from the purification of natural gas and its transformation to a temperature of -260°F, turning it into a liquid form.

The primary types of liquefied natural gas include APCI liquefaction technology, cascade liquefaction technology, and other variations. APCI liquefaction technology involves a multistage propane (C3) precooling system, utilizing a nitrogen, methane, ethane, and propane MR system for liquefaction. The diverse applications of LNG encompass power generation, transportation fuel, and other uses.

The liquefied natural gas market research report is one of a series of new reports from The Business Research Company that provides liquefied natural gas market statistics, including liquefied natural gas industry global market size, regional shares, competitors with a liquefied natural gas market share, detailed liquefied natural gas market segments, market trends and opportunities, and any further data you may need to thrive in the liquefied natural gas industry. This liquefied natural gas market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The liquefied natural gas market size has grown strongly in recent years. It will grow from $132.78 billion in 2023 to $144.45 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed in the historical period can be attributed to factors such as global energy demand, geopolitical considerations, environmental regulations, infrastructure development, and price dynamics.

The liquefied natural gas market size is expected to see strong growth in the next few years. It will grow to $192.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The anticipated growth in the forecast period can be attributed to factors such as the policy and regulatory landscape, infrastructure expansion, price competitiveness, evolving environmental considerations, and geopolitical developments. Major trends expected in the forecast period include.

The liquefied natural gas market is anticipated to witness growth due to the rising demand for liquefied natural gas. Liquefied natural gas is produced by purifying and cooling natural gas to -260°F, transforming it into a liquid state. The increasing demand for liquefied natural gas is driven by factors such as the growing use of motor petrol, along with the rise in big semi-urban and rural populations. In July 2022, the Energy Information Administration reported that an average of 49.0 billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) was traded globally in 2021. This escalating demand is a key driver for the growth of the liquefied natural gas market.

The liquefied natural gas market is expected to expand due to the increasing demand for higher energy efficiency. Energy efficiency involves the effective utilization of energy resources to achieve desired outputs with minimal waste or loss. Improved energy efficiency not only contributes to a lower carbon footprint and reduced greenhouse gas emissions but also supports long-term sustainability and decreases operational costs in the liquefied natural gas market. As of December 2022, the European Union aimed to enhance energy efficiency, setting a target of at least 32.5% by 2030. This growing demand for higher energy efficiency is a driving factor for the liquefied natural gas market.

A prominent trend in the liquefied natural gas market is technological advancements. Companies in this market are adopting new technologies to maintain their competitive positions. For example, in February 2023, New Fortress Energy Inc., a US-based energy infrastructure company, integrated Honeywell UOP technology to remove contaminants from natural gas. Honeywell UOP, a leading provider of gas processing technology, plays a significant role in approximately 40% of the world's liquefied natural gas production.

Major players in the liquefied natural gas market are also focusing on the development of innovative products to drive revenue growth. One such product is SnapLNG, a modular and standardized solution for low-carbon and faster time-to-market LNG production. In September 2023, Technip Energies N.V., a Netherlands-based company specializing in engineering and technology for the energy industry, launched SnapLNG. This pre-engineered system offers a complete LNG liquefaction plant with streamlined project execution, providing unprecedented levels of assurance regarding cost, schedule, plant dependability, and availability. The solution consists of repeatable modules ready for delivery and installation, with a capacity of 2.5 Mtpa.

In March 2021, Total Energies, a French-based multi-energy company, acquired Engie's Upstream LNG Business for $1.5 billion, aiming to strengthen its position in the growing and increasingly commoditized LNG market and establish a presence in the US LNG market. ENGIE SA, the seller, is a French-based energy and services group involved in low-carbon electricity generation, energy infrastructures, and customer solutions.

Major companies operating in the liquefied natural gas market report are BP plc, Chevron Corporation, Eni SpA, Exxon Mobil Corporation, TotalEnergies SE, Cheniere Energy Inc., ConocoPhillips Company, Sempra Energy, Woodside Energy Group Ltd., Gazprom Energy, PetroChina Company Limited, Shell plc, Equinor ASA, China Petrochemical Corporation, INPEX Corporation, GAIL India Limited, Indian Oil Corporation Limited, China National Petroleum Corporation, Petronet LNG Ltd., PJSC Gazprom, QatarEnergy, Dominion Energy Inc., Freeport LNG Development L.P., Kinder Morgan Inc., Tellurian Inc., Venture Global LNG Inc., Anadarko Petroleum Corporation, Apache Corporation, BG Group, BHP Group Ltd., BP Trinidad and Tobago LLC, CNOOC Limited, Devon Energy Corporation, Hess Corporation, JERA Co. Inc., Occidental Petroleum Corporation, Origin Energy Limited, Santos Limited, Woodfibre LNG Limited .

Asia-Pacific was the largest region in the liquefied natural gas market in 2023. The regions covered in the liquefied natural gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the liquefied natural gas market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The liquefied natural gas market consists of sales of propane, butane, and isobutane. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11110

1. Executive Summary

2. Liquefied natural gas Market Characteristics

3. Liquefied natural gas Market Trends And Strategies

4. Liquefied natural gas Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Liquefied natural gas Market Size and Growth

5.1. Global Liquefied natural gas Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Liquefied natural gas Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Liquefied natural gas Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Liquefied natural gas Market Segmentation

6.1. Global Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
APCI Liquefaction Technology
Cascade Liquefaction Technology
Other Liquefaction Technology
6.2. Global Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Power Generation
Transporation Fuel
Other Applications

7. Liquefied natural gas Market Regional And Country Analysis

7.1. Global Liquefied natural gas Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Liquefied natural gas Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Liquefied natural gas Market

8.1. Asia-Pacific Liquefied natural gas Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Liquefied natural gas Market

9.1. China Liquefied natural gas Market Overview
9.2. China Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Liquefied natural gas Market

10.1. India Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Liquefied natural gas Market

11.1. Japan Liquefied natural gas Market Overview
11.2. Japan Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Liquefied natural gas Market

12.1. Australia Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Liquefied natural gas Market

13.1. Indonesia Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Liquefied natural gas Market

14.1. South Korea Liquefied natural gas Market Overview
14.2. South Korea Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Liquefied natural gas Market

15.1. Western Europe Liquefied natural gas Market Overview
15.2. Western Europe Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Liquefied natural gas Market

16.1. UK Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Liquefied natural gas Market

17.1. Germany Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Liquefied natural gas Market

18.1. France Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Liquefied natural gas Market

19.1. Italy Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Liquefied natural gas Market

20.1. Spain Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Liquefied natural gas Market

21.1. Eastern Europe Liquefied natural gas Market Overview
21.2. Eastern Europe Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Liquefied natural gas Market

22.1. Russia Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Liquefied natural gas Market

23.1. North America Liquefied natural gas Market Overview
23.2. North America Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Liquefied natural gas Market

24.1. USA Liquefied natural gas Market Overview
24.2. USA Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Liquefied natural gas Market

25.1. Canada Liquefied natural gas Market Overview
25.2. Canada Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Liquefied natural gas Market

26.1. South America Liquefied natural gas Market Overview
26.2. South America Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Liquefied natural gas Market

27.1. Brazil Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Liquefied natural gas Market

28.1. Middle East Liquefied natural gas Market Overview
28.2. Middle East Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Liquefied natural gas Market

29.1. Africa Liquefied natural gas Market Overview
29.2. Africa Liquefied natural gas Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Liquefied natural gas Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Liquefied natural gas Market Competitive Landscape And Company Profiles

30.1. Liquefied natural gas Market Competitive Landscape
30.2. Liquefied natural gas Market Company Profiles
- 30.2.1. BP plc
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Chevron Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Eni SpA
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Exxon Mobil Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. TotalEnergies SE
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Liquefied natural gas Market Competitive Benchmarking

32. Global Liquefied natural gas Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Liquefied natural gas Market

34. Liquefied natural gas Market Future Outlook and Potential Analysis

34.1 Liquefied natural gas Market In 2028 - Countries Offering Most New Opportunities
34.2 Liquefied natural gas Market In 2028 - Segments Offering Most New Opportunities
34.3 Liquefied natural gas Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer