Planned LNG Market to Attain $58.9 Billion by 2030, Unveiled in Latest Report, Showing a 9.9% CAGR

WILMINGTON, DE , UNITED STATES, July 25, 2024 /EINPresswire.com/ -- The planned LNG market was valued at $102.2 billion in 2019, and is projected to reach $58.9 billion by 2030, growing at a CAGR of 9.9% from 2020 to 2030. Inclusion of regasification and liquefaction capacity at LNG terminals is known as planned LNG.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.alliedmarketresearch.com/request-sample/2254

The global planned LNG market is witnessing significant growth, owing to increasing demand for LNG. The demand for LNG is increasing in Asia-Pacific, owing to factors such as the presence of emerging economies, growing populations, and rise in gas-fired power requirements and others. This increase in demand for LNG in Asia-Pacific correspondingly increases the regasification capacity at a considerable pace. Some of the countries where the liquefaction capacity is more in Asia-Pacific are Australia, Indonesia, and Malaysia. Moreover, U.S. is increasing its liquefaction capacity at considerable pace. Addition of liquefaction capacity in 2019 helped U.S. to become the third-largest LNG producer in world overtaking Russia, and Malaysia.

The planned LNG market is analyzed on the basis of three segments. The segments are technology, end-user industry, and region. Based on the technology, the market is categorized into liquefaction and regasification. On the basis of end-use industry, the market is classified into residential, commercial, and industrial. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa). Planned LNG market share is analyzed across all main regions.

On, the basis of technology, liquefaction has garnered highest share in the market in 2019 in terms of volume as well as revenue. This is attributed to factors such as increase in new export terminals or expansion of existing capacity of export terminals in major exporting countries such as U.S., Qatar, Australia, and others.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐎𝐧 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/423ee84dc8447899059a924931fc4a54

On, the basis of end-use industry, industrial has garnered highest share in the market in 2019 in terms of volume as well as revenue. This is attributed to factors such as rise in demand for energy from industrial sector from developed as developing regions.

The analysis covers in-depth information of the major industry participants. The key players operating and profiled in the market include Royal Dutch Shell plc, Exxon Mobil Corporation, LNG Croatia LLC, Energy Transfer LP, Cheniere Energy, Inc., Freeport LNG, PETROBRAS, Sempra Energy, ConocoPhillips Company, Equinor ASA, Korea Gas Corporation, Venure Global LNG, and Gasum.

Other players in the value chain of the market include Tokyo Gas Co Ltd, Hitachi, Petronet LNG Ltd, Samsung C&T Corporation CTCI Resources Engineering Inc., and others.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐨𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/2254

Key Findings Of The Study

The planned LNG market is analyzed from 2019 to 2027
Depending on the technology, the liquefaction segment is projected to grow at the highest CAGR of nearly 28.9%, in terms of revenue, during the forecast period
Region wise, North America is expected to register the CAGR of nearly 20.0%, in terms of revenue, in the coming future
By end-use industry, the industrial segment is estimated to exhibit the CAGR of 9.7%, in terms of revenue
Asia-Pacific dominated the planned LNG market with a share of over 40.0% in 2019, in terms of volume
A comprehensive analysis of the factors that drive and restrain the market growth is provided in the report
The qualitative data in this report aims at the market dynamics, planned LNG market trends, and developments in the industry
The planned LNG market size in provided in terms of volume and revenue

David Correa
Allied Market Research
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