Global Liquefied natural gas Market Segments 2024, Forecast To 2033
5 Mar, 2024
The liquefied natural gas market has grown strongly from $132.78 billion in 2023 to $144.45 billion in 2024, with an 8.8% CAGR. Growth in the historic period is attributed to global energy demand, geopolitical factors, environmental regulations, infrastructure development, and price dynamics. Expecting strong growth, the market is projected to reach $192.57 billion in 2028 with a 7.5% CAGR, driven by policy, regulatory landscape, infrastructure expansion, price competitiveness, environmental considerations, and geopolitical developments. Major trends in the forecast period include policy and regulatory shifts, infrastructure growth, price competitiveness, environmental considerations, and geopolitical developments.
Global Liquefied natural gas Market Key Driver
Liquefied natural gas (LNG) market growth is linked to the rising demand for motor petrol and increased semi-urban and rural populations. In 2021, global LNG trade reached an average of 49.0 Bcf/d, reflecting the growing demand for LNG in various sectors.
Get A Free Sample Of The Global Liquefied natural gas Market ReportGlobal Liquefied natural gas Market Segments
The liquefied natural gas market covered in this report is segmented –
1) By Type: APCI Liquefaction Technology, Cascade Liquefaction Technology, Other Liquefaction Technology
2) By Application: Power Generation, Transporation Fuel, Other Applications
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
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
Major Liquefied natural gas Industry Players
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
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AIOps Liquefied natural gas Market Overview
Liquefied natural gas refers to a fuel gas that is produced by purifying natural gas and transforming it to -260°F. It is natural gas that has gone through cooling to become liquid.
Liquefied natural gas Global Market Report 2023 provides data on the global liquefied natural gas market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The liquefied natural gas market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.