Press release
Surging Growth and Key Trends in Global Liquefied Natural Gas Market: A Comprehensive Outlook
Liquefied natural gas Market
What Is The Projected Market Size Of The Global Liquefied Natural Gas Market And Its Growth Rate?
The global Liquefied Natural Gas Market has demonstrated robust growth in recent years and is projected to continue this trajectory in future:
• The market size has grown from $143.35 billion in 2024 to $155.85 billion in 2025.
• This represents a Compound Annual Growth Rate (CAGR) of 8.7%.
• In the forecast period, the Liquefied Natural Gas Market is expected to reach $205.95 billion by 2029, growing at a CAGR of 7.2%.
The growth can be attributed to factors such as an overall increase in global energy demand, evolving geopolitics, stricter environmental regulations, infrastructure development, and changing price dynamics.
What Is Driving The Growth In The Liquefied Natural Gas Market?
The increasing demand for liquefied natural gas is driving the expansion of the global market. Liquefied natural gas is created by purifying and cooling natural gas to -260°F. The escalating demand for motor petrol use and a growing semi-urban and rural population are factors boosting the demand for the liquefied natural gas market. According to the Energy Information Administration, during 2021, an average of 49.0 billion cubic feet per day (Bcf/d) of liquefied natural gas was traded globally. This increased demand is a key driver for the market growth.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9916&type=smp
Who Are the Key Players Driving Liquefied Natural Gas Market Growth?
Prominent companies operating in the liquefied natural gas market include:
• 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
What Are The Key Trends In The Liquefied Natural Gas Market?
Major trends that are influencing the Liquefied natural gas market growth include:
• An increased demand for cleaner energy sources.
• Rapid technological advancements in the industry.
• Initiatives towards decarbonization.
• Support for green hydrogen integration.
What Are The Segments Of The Global Liquefied Natural Gas Market?
The Global Liquefied Natural Gas Market can be segmented in the following ways:
• By Type: APCI Liquefaction Technology, Cascade Liquefaction Technology, Other Liquefaction Technology
• By Application: Power Generation, Transportation Fuel, Other Applications
Which Region Leads The Liquefied Natural Gas Market?
The Asia-Pacific region leads the global Liquefied Natural Gas Market in terms of market size. In 2024, Asia-Pacific was the largest market for LNG. The regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/liquefied-natural-gas-global-market-report
What Is Covered In The Liquefied Natural Gas Market Global Market Report?
- Market Size Analysis: Analyze the Liquefied Natural Gas Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Liquefied Natural Gas Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Liquefied Natural Gas Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Liquefied Natural Gas Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=9916&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Surging Growth and Key Trends in Global Liquefied Natural Gas Market: A Comprehensive Outlook here
News-ID: 3830987 • Views: …
More Releases from The Business Research Company
Construction Trucks: Critical Driver Shaping the The Growing Renewable Energy Pr …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Construction Trucks Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for construction trucks has experienced significant expansion in the past few years. Projected growth indicates a rise from $50.20 billion in 2024 to $53.17 billion in 2025, indicating a compound annual growth…
Rise In Mergers And Acquisitions Fueling The Growth Of The Market Due To Growing …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Business Valuation Service Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there's been considerable growth in the business valuation service market size. The market is projected to increase from $7.42 billion in 2024 to approximately $8.05 billion in 2025, with a compound…
Construction Skips Industry Outlook 2025-2029: Market Set to Cross $2.17 Billion …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Construction Skips Market Size By 2025?
The market for construction skips has witnessed significant expansion in the past few years. The market is projected to rise from $1.47 billion in 2024 to reach $1.59 billion in 2025, exhibiting a compound annual growth rate (CAGR) of…
Steady Expansion Forecast for Building Pest Control Services Market, Projected t …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Building Pest Control Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for building pest control services has significantly expanded in previous years. The sector, valued at $20.21 billion in 2024, is projected to increase to $21.84 billion in 2025, registering a compound…
More Releases for Liquefied
Key Trends Reshaping the Liquefied Natural Gas Compressor Market: Innovative Tec …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Liquefied Natural Gas Compressor Market Size Growth Forecast: What to Expect by 2025?
The market size of the liquefied natural gas compressor has witnessed robust growth in the recent past. It is projected to expand from $4.25 billion in 2024 to $4.48 billion in 2025, demonstrating a compound annual…
Lng Liquefied Natural Gas And Lpg Liquefied Petroleum Gas Market Size by Type, A …
USA, New Jersey- According to Market Research Intellect, the global Lng Liquefied Natural Gas And Lpg Liquefied Petroleum Gas market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
Due to stricter emission laws and growing environmental concerns, the need for cleaner-burning fuels is driving the steady…
Liquefied Natural Gas (LNG) Carrier Market
The Liquefied Natural Gas (LNG) carrier market plays a significant role in the global energy sector. LNG carriers are specialized vessels designed to transport liquefied natural gas from production facilities to end users across the world. These ships are an essential link in the LNG supply chain, providing a means for countries and companies to deliver natural gas efficiently. The LNG carrier market has seen rapid growth over the past…
Small Scale Liquefied Natural Gas (LNG) Market
Liquefied pure gasoline that is processed on a small scale in industrial models with constrained capacity is referred to as small-scale LNG. After being cooled to extremely low temperatures, the gasoline is transformed into an odourless, colourless liquid that can be re-gasified for a variety of uses. Small-scale LNG is more environmentally friendly than oil and diesel, and it is typically utilised to address the needs of isolated industrial and…
Liquefied Natural Gas Market (CAGR of 5.00%) 2030: Liquefied Natural Gas Industr …
According to ChemAnalyst report, "Liquefied Natural Gas Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Market Analysis, 2015-2030", Liquefied Natural Gas (LNG) market has witnessed significant growth as it reached 390 million tonnes in 2020 and is anticipated to achieve a healthy global CAGR of 5.00% in the forecast period until 2030. Due to rapid industrialization and urbanization, the demand of…
LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market 2022 | Deta …
The research reports on “LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market” report gives detailed overview of factors that affect global business scope. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report…
