The Liquid Natural Gas Market research report provides a detailed analysis of diverse segments across 6 regions and 25 countries including Type (High-calorific, Low-calorific), Application (Heavy-duty Vehicles, Electric Power Generation, Marine Transport, Mining and Industrial).
Productivity, technology enablement, and sustainability remain the key market-driving forces in the global Liquid Natural Gas industry landscape. Companies that invest in that supply chain and operational resiliency are poised to gain a competitive edge over other market players. The global energy investments are set to increase from around $1,652 Billion in 2024 to $2845 Billion in 2040. As the world is making steady progress towards net zero, energy security, affordability, and industrial competitiveness remain key focus areas of most Liquid Natural Gas companies. The Liquid Natural Gas demand trajectory varies based on multiple scenarios, from macroeconomic conditions, regulatory support, investment scenarios, and the global landscape. Decision makers across the Liquid Natural Gas industry value chain formulating long-term transition strategies with a diverse range of future scenarios are likely to stay ahead of the competition curve.
The liquid natural gas market is experiencing a trend towards increasing global demand for cleaner energy sources, with LNG emerging as a key component in the transition to cleaner fuels. Innovations in liquefaction technologies, floating LNG facilities, and small-scale LNG solutions are prevalent trends. LNG is natural gas cooled to liquid form for easier storage and transportation, catering to various sectors like power generation, industrial, and transportation. Additionally, advancements in LNG infrastructure, supply chain optimization, and regional market expansions are shaping the market.
Key drivers propelling the LNG market include the shift towards cleaner fuels, increasing energy consumption, and the global emphasis on reducing carbon emissions. LNG offers advantages such as lower emissions, flexibility in supply, and accessibility to distant markets, making it a preferred choice in the energy mix. Moreover, technological advancements in LNG production, expanding liquefaction capacities, and growing demand for natural gas-based energy contribute significantly to market growth.
Opportunities in the LNG market lie in expanding LNG infrastructure and promoting its role in enabling cleaner energy transitions globally. Collaboration among LNG producers, shipping companies, and energy policymakers offers significant growth prospects. Moreover, investing in small-scale LNG solutions, promoting LNG as a marine fuel, and advocating for LNG's environmental benefits can unlock new avenues for market expansion. Exploring partnerships for LNG infrastructure projects, advocating for LNG-related incentives, and showcasing successful LNG deployments can further drive market growth and facilitate wider adoption.
Liquid Natural Gas (LNG) is natural gas cooled to its liquid state for easier storage and transportation. It reduces volume for efficient shipment over long distances and is regasified for use in heating, electricity generation, and transportation.
Type
• High-calorific
• Low-calorific
Application
• Heavy-duty Vehicles
• Electric Power Generation
• Marine Transport
• Mining and Industrial
By Region
• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)
• Apache Corporation
• BP p.l.c.
• Cheniere Energy, Inc.
• Chevron Corporation
• China Petroleum & Chemical Corporation
• Equinor ASA
• Exxon Mobil Corporation
• Gazprom PJSC
• Kinder Morgan, Inc.
• PetroChina Company Limited
• Royal Dutch Shell plc
• TotalEnergies SE
• Woodside Energy Ltd.
• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Liquid Natural Gas market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Liquid Natural Gas industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.
TABLE OF CONTENTS
1 INTRODUCTION TO 2024 Liquid Natural Gas MARKETS
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 EXECUTIVE SUMMARY
3.1 Global Liquid Natural Gas Market Size Outlook, $ Million, 2021 to 2030
3.2 Liquid Natural Gas Market Outlook by Type, $ Million, 2021 to 2030
3.3 Liquid Natural Gas Market Outlook by Product, $ Million, 2021 to 2030
3.4 Liquid Natural Gas Market Outlook by Application, $ Million, 2021 to 2030
3.5 Liquid Natural Gas Market Outlook by Key Countries, $ Million, 2021 to 2030
4 MARKET DYNAMICS
4.1 Key Driving Forces of Liquid Natural Gas Industry
4.2 Key Market Trends in Liquid Natural Gas Industry
4.3 Potential Opportunities in Liquid Natural Gas Industry
4.4 Key Challenges in Liquid Natural Gas Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Liquid Natural Gas Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 GLOBAL Liquid Natural Gas MARKET OUTLOOK BY SEGMENTS
7.1 Liquid Natural Gas Market Outlook by Segments
Type
High-calorific
Low-calorific
Application
Heavy-duty Vehicles
Electric Power Generation
Marine Transport
Mining and Industrial
8 NORTH AMERICA Liquid Natural Gas MARKET ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Liquid Natural Gas Markets in 2024
8.2 North America Liquid Natural Gas Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Liquid Natural Gas Market size Outlook by Segments, 2021-2030
Type
High-calorific
Low-calorific
Application
Heavy-duty Vehicles
Electric Power Generation
Marine Transport
Mining and Industrial
9 EUROPE Liquid Natural Gas MARKET ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Liquid Natural Gas Markets in 2024
9.2 Europe Liquid Natural Gas Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Liquid Natural Gas Market size Outlook by Segments, 2021-2030
Type
High-calorific
Low-calorific
Application
Heavy-duty Vehicles
Electric Power Generation
Marine Transport
Mining and Industrial
10 ASIA PACIFIC Liquid Natural Gas MARKET ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Liquid Natural Gas Markets in 2024
10.2 Asia Pacific Liquid Natural Gas Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Liquid Natural Gas Market size Outlook by Segments, 2021-2030
Type
High-calorific
Low-calorific
Application
Heavy-duty Vehicles
Electric Power Generation
Marine Transport
Mining and Industrial
11 SOUTH AMERICA Liquid Natural Gas MARKET ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Liquid Natural Gas Markets in 2024
11.2 South America Liquid Natural Gas Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Liquid Natural Gas Market size Outlook by Segments, 2021-2030
Type
High-calorific
Low-calorific
Application
Heavy-duty Vehicles
Electric Power Generation
Marine Transport
Mining and Industrial
12 MIDDLE EAST AND AFRICA Liquid Natural Gas MARKET ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Liquid Natural Gas Markets in 2024
12.2 Middle East and Africa Liquid Natural Gas Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Liquid Natural Gas Market size Outlook by Segments, 2021-2030
Type
High-calorific
Low-calorific
Application
Heavy-duty Vehicles
Electric Power Generation
Marine Transport
Mining and Industrial
13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
- Apache Corporation
- BP p.l.c.
- Cheniere Energy, Inc.
- Chevron Corporation
- China Petroleum & Chemical Corporation
- Equinor ASA
- Exxon Mobil Corporation
- Gazprom PJSC
- Kinder Morgan, Inc.
- PetroChina Company Limited
- Royal Dutch Shell plc
- TotalEnergies SE
- Woodside Energy Ltd.
14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
Liquid Natural Gas (LNG) is natural gas cooled to its liquid state for easier storage and transportation. It reduces volume for efficient shipment over long distances and is regasified for use in heating, electricity generation, and transportation.
Type
• High-calorific
• Low-calorific
Application
• Heavy-duty Vehicles
• Electric Power Generation
• Marine Transport
• Mining and Industrial
By Region
• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)
The global Liquid Natural Gas Market is one of the lucrative growth markets, poised to register a 8.1% growth (CAGR) between 2024 and 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Apache Corporation , BP p.l.c. , Cheniere Energy, Inc. , Chevron Corporation , China Petroleum & Chemical Corporation , Equinor ASA , Exxon Mobil Corporation , Gazprom PJSC , Kinder Morgan, Inc. , PetroChina Company Limited , Royal Dutch Shell plc , TotalEnergies SE , Woodside Energy Ltd.,
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume