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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.
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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.
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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.
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