Press release
LPG (Liquefied Petroleum Gas) Market Growth, Size, Analysis, Outlook by Trends, Growth Analysis and Forecast to 2030
The energy source liquefied petroleum gas has become widely recognised as a reliable, portable, and clean energy source. Although natural gas and oil are the two main sources of liquefied petroleum gas (LPG), LPG production from a variety of renewable resources is on the rise at the moment. The exponential rise in demand for liquefied petroleum gas can be primarily ascribed to its special qualities, which allow it to be employed today for a variety of applications across a wide range of industrial domains. Liquefied petroleum gas is a popular fuel for indoor cooking that burns cleanly and without smoke in the residential sector, especially in the Asia Pacific region.
LPG (Liquefied Petroleum Gas) Market:Overview
The LPG market size was USD 128.48 billion in 2020. The market is projected to grow from USD 129.17 billion in 2021 to USD 211.96 billion in 2028 at a CAGR of 7.3% during the 2021-2028 period.
Global energy consumption is rising as a result of the expanding world population. This is one of the main factors favourably affecting the market, along with the expansion of infrastructure around the world. Additionally, people are utilising renewable energy sources more frequently due to increased worries about pollution and carbon emissions. Additionally, the need for LPG as an auto emission gas in the automobile industry is growing, which is boosting the market. Additionally, governments from different nations are informing and educating the rural populace about the value of switching from conventional energy sources like coal, wood, and kerosene to LPG. Additionally, they are introducing beneficial policies and providing tax breaks and supplier subsidies, which is improving the outlook for the sector.
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LPG (Liquefied Petroleum Gas) Market: Segment Analysis
Global LPG (Liquefied Petroleum Gas) Market: Major Players
RAMON ARESES SL
Aguasvira
Naturgas Energia Comercializadora
Enagas
Vilma Oil
Carburos Metálicos
Kosan Crisplant
DISA Group
Repsol
Air Liquide
Teekay Gas
Global LPG (Liquefied Petroleum Gas) Market: Types
Refineries
Associated Gas
Non-Associated Gas
Global LPG (Liquefied Petroleum Gas) Market: Applications
Household
Commercial
Industrial
Transportation
Agriculture
Others
Global LPG (Liquefied Petroleum Gas) Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global LPG (Liquefied Petroleum Gas) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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• Define, describe and forecast Thermal Reed Relay product market by type, application, end user and region.
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