Liquefied natural gas Market to Surpass $5.44 Billion by 2029 | Key Trends & Insights

Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.

How Will the Liquefied natural gas Market Grow by 2025 in Terms of Size and Growth?
The market size for liquefied natural gas has seen a robust expansion in the past few years. It is projected to grow from a valuation of $143.35 billion in 2024 to a valuation of $153.65 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.2%. The surge in growth during the historical period is due to factors such as global energy demand, geopolitical elements, environmental laws, infrastructure evolution, and pricing dynamics.

What Are the Estimated Growth Rates for the Liquefied natural gas Industry Through 2029?
In the upcoming years, the liquefied natural gas industry is expected to experience robust growth. The market size is projected to mushroom to $202.28 billion by 2029, with a compound annual growth rate (CAGR) of 7.1%. The projected growth during this period stems from factors such as policy and regulatory landscape changes, infrastructure growth, price competitiveness, evolving environmental considerations, and geopolitical developments. Notable trends for the forecast period include a rising demand for more environmentally friendly energy sources, advancements in technology, efforts towards decarbonization, and the integration of green hydrogen.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/liquefied-natural-gas-global-market-report

What Are the Strategic Drivers Boosting Liquefied natural gas Market Performance?
The growth of the liquefied natural gas market is anticipated to surge in response to increasing demand for this resource. Liquefied natural gas, or LNG, is produced by purifying and cooling natural gas to a temperature of -260°F until it becomes liquid. Factors such as the growing use of motor petrol and the expansion of semi-urban and rural populations are expected to catalyze the growth of the LNG market. For example, the US Energy Information Administration, a government agency, reported in July 2022 that an average of 49.0 billion cubic feet per day (Bcf/d) of LNG was traded on a global scale during 2021. Consequently, the burgeoning demand for LNG is set to fuel the expansion of the liquefied natural gas market in the future.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9916&type=smp

What Are the Segments in the Liquefied natural gas Market?
The liquefied natural gas market covered in this report is segmented -

1) By Type: APCI Liquefaction Technology, Cascade Liquefaction Technology, Other Liquefaction Technology
2) By Application: Power Generation, Transportation Fuel, Other Applications

Subsegments:
1) By APCI Liquefaction Technology: APCI Process (Single Mixed Refrigerant), APCI Process (Dual Mixed Refrigerant)
2) By Cascade Liquefaction Technology: Cascade Process (Conventional), Cascade Process (Modified)
3) By Other Liquefaction Technology: Optimized Cascade, Mixed Refrigerant Process, Cryogenic Process, Other Emerging Technologies

What Are the Key Adoption Trends in the Liquefied natural gas Market?
Innovations in technology are fast becoming a prominent trend in the liquefied natural gas industry. Businesses in this sector are embracing cutting-edge technologies to maintain their market standing. For example, in February 2023, New Fortress Energy Inc., an energy infrastructure firm based in the US, began using Honeywell UOP technology to purify natural gas of contaminants. Honeywell UOP is a reputable supplier of gas processing technology. Its technologies for removing pollutants and managing hydrocarbons are used in producing nearly 40% of the world's liquefied natural gas.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=9916&type=smp

Which Companies Lead the Competitive Landscape of the Liquefied natural gas Industry?
Major 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, GAIL India Limited, Indian Oil Corporation Limited, China National Petroleum Corporation, Petronet LNG Ltd., PJSC Gazprom, QatarEnergy, Freeport LNG Development L.P., Kinder Morgan Inc., Tellurian Inc., Venture Global LNG Inc., Apache Corporation, BP Trinidad and Tobago LLC, CNOOC Limited, Devon Energy Corporation, Hess Corporation, JERA Co. Inc., Occidental Petroleum Corporation, Origin Energy Limited, Santos Limited, Woodfibre LNG Limited

Where Are the Key Liquefied natural gas Market Opportunities by Region?
Asia-Pacific was the largest region in the liquefied natural gas market in 2024. The regions covered in the liquefied natural gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow 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

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.