Liquefied Natural Gas (LNG) Infrastructure Market: Market Expansion, Industry Trends, and Future Forecast 2033

The new report published by The Business Research Company, titled "Liquefied Natural Gas (LNG) Infrastructure Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the liquefied natural gas (LNG) infrastucture market size has grown rapidly in recent years. It will grow from $56.57 billion in 2023 to $64.85 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The liquefied natural gas (LNG) infrastucture market size is expected to see rapid growth in the next few years. It will grow to $112.06 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%.

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Driving Forces Behind the Expansion Of LNG Infrastructure Meeting Surging Demand for Electricity Generation
Rising demand for electricity generation is expected to propel the growth of the liquefied natural gas (LNG) infrastructure market going forward. Electricity generation is the process of converting various forms of energy into electrical energy. The rising demand for electricity generation is due to the proliferation of electronic devices and appliances and, an increasing shift towards electric heating systems and air conditioning, necessitating more electricity generation. Liquefied natural gas (LNG) infrastructure provides flexibility in natural gas trading and pricing, allowing buyers to respond to changing market conditions and take advantage of price disparities. This flexibility can help stimulate demand by making natural gas more attractive compared to other energy sources. For instance, in July 2021, according to the International Energy Agency, a France-based government organization, electricity generation increased by 2.5% in 2022, which would take them to an all-time high. Additionally, coal-fired electricity generation will increase by 1% in 2021 to 2% in 2022. Therefore, the rising demand for electricity generation drives the liquefied natural gas(LNG) infrastructure market.

Focus on LNG Projects Driving Industry Growth
Major companies operating in the liquefied natural gas infrastructure market are focused on developing and investing in new LNG projects such as port arthur LNG project that support the growth and development of the natural gas industry. Port Arthur LNG project represents a major infrastructure development aimed at expanding LNG operations, creating jobs, boosting economic growth, and contributing to American energy security. For instance, in March 2023, Sempra, a US-based energy infrastructure company, launched the port arthur LNG project, a next-generation liquefaction facility that is expected to provide abundant, clean, reliable, and affordable U.S. natural gas to world markets. The proposed project includes two natural gas liquefaction trains and LNG storage tanks, as well as associated facilities capable of producing up to approximately 13.5 Mtpa of LNG, enabling the export of approximately 11 Mtpa of LNG on a long-term basis. Additionally, design changes to reduce the proposed LNG projects' overall emissions, including electric drives, renewable power sourcing, and other technological solutions.

The liquefied natural gas (LNG) infrastructure market covered in this report is segmented -

1) By Type: Production Infrastructure, Transportation Infrastructure, Regasification Infrastructure, Distribution Infrastructure, Storage Facilities, Other Types
2) By Production: Liquefaction Plants, Natural Gas Processing Facilities, LNG Storage Tanks, Others
3) By Distribution: Pipeline Networks, Virtual Pipeline Solutions
4) By End User Industry: Heavy-Duty Vehicles, Electric Power Generation, Marine Transport

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Major companies operating in the liquefied natural gas (LNG) infrastucture market are Chevron Corporation, China Harbour Engineering Company, Petronas Ltd, Vinci SA, Cheniere Energy Inc, Linde plc, Samsung C&T Corporation, Mitsubishi Heavy Industries (MHI), Bechtel Corporation, INPEX Corporation, Woodside, Novatek, Gazprom International Limited, Rosneft, Fluor Corporation, Anadarko Petroleum Corporation, Saipem S.p.A., John Wood Group PLC, Technip Energies, TechnipFMC, KBR Inc., Black & Veatch, Chiyoda Corporation, JGC Holdings Corporation, Petrofac Limited, Royal HaskoningDHV, Worley India Pvt. Ltd., National Iranian Oil Company, McDermott International, SENER

Contents of the report:
1. Executive Summary
2. Liquefied Natural Gas (LNG) Infrastructure Market Report Structure
3. Liquefied Natural Gas (LNG) Infrastructure Market Trends And Strategies
4. Liquefied Natural Gas (LNG) Infrastructure Market - Macro Economic Scenario
5. Liquefied Natural Gas (LNG) Infrastructure Market Size And Growth
…..
27. Liquefied Natural Gas (LNG) Infrastructure Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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