The global 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. Planned LNG can be defined as the expansion of regasification and liquefaction terminal capacities.
Some of the factors such as cost advantage of LNG over other energy sources for end-use industries, environmental benefits, monetary systems and subsidies, and others are expected to boost the growth of the market. In addition, an increase in regasification capacities in the Asia-Pacific region boosts market growth. Some of the countries where the demand for LNG is expected to grow to include China, India, and others. However, the growth of renewable energy and nuclear energy is anticipated to decrease the demand for LNG. Moreover, the demand for LNG decreased in Japan and South Korea, owing to an increase in nuclear power generation and the pace of renewable energy infrastructure deployment.
The global planned LNG market is segmented on the basis of technology, end-use industry, and region. The technology segment is categorized into liquefaction and regasification. On the basis of end-use industry, the market is divided into residential, commercial, and industrial. By Region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the market from 2020 to 2030 determine the prevailing opportunities
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
- The market size is provided in terms of volume and revenue
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
- Profiles of leading players operating in the market are provided to understand the competitive scenario
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable growth
KEY MARKET SEGMENTS
By Technology
- Liquefaction
- Regasification
By End-Use Industry
- Residential
- Commercial
- Industrial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Russia
- Croatia
- Cyprus
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Indonesia
- Malaysia
- Thailand
- Bangladesh
- Philippines
- Vietnam
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Bahrain
- Nigeria
- Jamaica
- Ghana
- Mozambique
- Mauritania
- Kuwait
- El Salvador
- Qatar
- Rest of LAMEA
KEY MARKET PLAYERS
- Chevron Corporation
- 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
- Gasum
The other players in the value chain include Tokyo Gas Co Ltd, Hitachi, Petronet LNG Ltd, Samsung C&T Corporation CTCI Resources Engineering Inc., and others.
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Planned Lng Market, by Techology
Chapter 5: Global Planned Lng Market, by End-Use Industry
Chapter 6: Planned Lng Market, by Region
Chapter 7: Company Profiles
Chapter 8: Competitive Landscape
Chapter 9: Strategic Overview
Executive Summary
According to the report titled, 'Planned LNG Market by Technology and End-Use Industry: Opportunity Analysis and Industry Forecast, 2020-2030' 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.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.
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.
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 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
Companies Mentioned
- Chevron Corporation
- 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
- Gasum
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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