Press release
Liquefied Natural Gas Market is Estimated to Reach USD 205.66 Billion in 2030: Cognitive Market Research
Liquefied Natural Gas Market is Estimated to Reach USD 205.66 Billion in 2030: Cognitive Market Research
Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state, at about -260° Fahrenheit, for shipping and storage. The volume of natural gas in its liquid state is about 600 times smaller than its volume in its gaseous state. Due to which natural gas can now be transported to locations where pipes cannot go. It its compact liquid form, natural gas can be shipped in special tankers to terminals around the world. At these terminals, the LNG is returned to its gaseous state and transported by pipeline to distribution companies, industrial consumers, and power plants.
Summary:
Global Liquefied Natural Gas market is expected to reach at USD 205.66 Billion in 2030, Growing at 8.2% CAGR from 2023 to 2030.
To know more The Liquefied Natural Gas Market statistics click here: https://www.cognitivemarketresearch.com/liquefied-natural-gas-market-report
Liquefied Natural Gas Market Dynamics:
The use of natural gas for fuel stoves, water heaters, clothes dryers and other household appliances is one of the key factors driving the demand of liquefied natural gas. Hospitals, schools, office buildings, restaurants, stores and other commercial end-users depend on natural gas for space-heating, water-heating, cooking, air conditioning, dehumidification and on-site power generation. Rapidly growing population coupled with increasing need of energy and power expected to drive the growth of the market. Moreover, natural gas is a dominant fuel for the many industrial products including paper, metal, chemicals, petroleum, stone, clay, glass etc., which accelerate the overall liquefied natural gas (LNG) market.
Global Liquefied Natural Gas Market Segmentation:
Application:
• Transportation Fuel
• Power Generation
• Others
Competitive Analysis for Liquefied Natural Gas Market: British Petroleum (BP) p.l.c., Chevron Corporation, China Petroleum & Chemical Corporation, Eni SpA, Equinor ASA, Exxon Mobil Corporation, Gazprom Energy, PetroChina Company Limited, Royal Dutch Shell PLC, Total S.A., Chevron Corporation, Petronet LNG Limited, PETRONAS, ConocoPhillips Company, Snam SPA
Get free sample pages of latest published Liquefied Natural Gas Market Report: https://www.cognitivemarketresearch.com/liquefied-natural-gas-market-report
Regional Analysis of Liquefied Natural Gas Market:
Geographically, the global market is divided into North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America region is further bifurcated into U.S., Canada, Mexico. The Europe region is further characterized into U.K., France, Germany, and Rest of Europe. Asia Pacific is further divided into China, Japan, India, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, and Rest of Latin America. Middle East & Africa region covers the UAE, South Africa, and Rest of MEA. Asia Pacific holds major share and expected to be the fastest growing region of the global liquefied natural gas market due to the presence of Japan and China in the region.
Recent developments in the market:
• February 11, 2023
Freeport LNG sought permission from federal regulators to restart commercial operations at its long-idled liquefied natural gas (LNG) export plant in Texas,
• October 10, 2022
Chief minister of Tamil Nadu (India), has inaugurated state's first liquefied, compressed natural gas (LCNG) station set up by AG & P Pratham near Manthangal village in Ranipet district.
• September 2, 2022
Blue Energy Motors has unveiled India's first LNG-fuelled green truck by launching a manufacturing plant at Chakan, Pune.
• December 7, 2022
The United States and Britain has announced an energy partnership aimed at sustaining a higher level of liquefied natural gas (LNG) exports to Britain and collaborating on ways to increase energy efficiency.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Liquefied Natural Gas Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Liquefied Natural Gas Market Segmentation
1.5.1 Liquefied Natural Gas Market Regional Fragmentation
1.5.1 Liquefied Natural Gas Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Liquefied Natural Gas Market
• 3.1 Global Liquefied Natural Gas Market Size 2018 - 2030, (USD Million)
• 3.2 Global Liquefied Natural Gas Market Statistics 2022: Snapshot
Chapter 4 Global Liquefied Natural Gas Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Liquefied Natural Gas Market by Application Segmentation Analysis (2018-2030)
Chapter 9 Global Liquefied Natural Gas Market Regional Analysis
Chapter 10 North America Liquefied Natural Gas Market Outlook (2018 - 2030)
Chapter 11 Europe Liquefied Natural Gas Market Outlook (2018 - 2030)
Chapter 12 Asia Pacific Liquefied Natural Gas Market Outlook (2018 - 2030)
Chapter 13 Latin America Liquefied Natural Gas Market Outlook (2018 - 2030)
Chapter 14 Middle East and Africa Liquefied Natural Gas Market Outlook (2018 - 2030)
Chapter 15 Research Findings
To know more Liquefied Natural Gas Market TOC click here: https://www.cognitivemarketresearch.com/liquefied-natural-gas-market-report#table_of_contents
Related Report:
• LNG Liquefied Natural Gas And LPG Liquefied Petroleum Gas Market- https://www.cognitivemarketresearch.com/lng-liquefied-natural-gas-and-lpg-liquefied-petroleum-gas-market-report
• Liquefied Natural Gas Carrier Market- https://www.cognitivemarketresearch.com/liquefied-natural-gas-carrier-market-report
• Liquefied Natural Gas LNG Compressor Market- https://www.cognitivemarketresearch.com/liquefied-natural-gas-lng-compressor-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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