The liquefied natural gas (lng) infrastructure global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Liquefied Natural Gas (LNG) Infrastructure Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The liquefied natural gas (LNG) infrastucture market size has grown rapidly in recent years. It will grow from $56.57 billion in 2023 to $64.85 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to growing natural gas demand, expanding global trade, technological advancements, regulatory support, geopolitical factors.
The liquefied natural gas (LNG) infrastucture market size is expected to see rapid growth in the next few years. It will grow to $112.06 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to increased lng bunkering for maritime transportation, expansion of small-scale LNG applications, rising demand for LNG as a fuel for heavy-duty vehicles, accelerated development of floating LNG (FLNG) facilities, growth in LNG-fueled power generation plants. Major trends in the forecast period include integration of renewable energy sources in LNG facilities, adoption of digital technologies for enhanced efficiency and safety, emergence of new LNG import and export markets, increasing investment in LNG liquefaction capacity, development of innovative liquefaction and regasification technologies.
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Scope Of Liquefied Natural Gas (LNG) Infrastructure Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Liquefied Natural Gas (LNG) Infrastructure Market Overview
Market Drivers –
Rising demand for electricity generation is expected to propel the growth of the liquefied natural gas (LNG) infrastructure market going forward. Electricity generation is the process of converting various forms of energy into electrical energy. The rising demand for electricity generation is due to the proliferation of electronic devices and appliances and, an increasing shift towards electric heating systems and air conditioning, necessitating more electricity generation. Liquefied natural gas (LNG) infrastructure provides flexibility in natural gas trading and pricing, allowing buyers to respond to changing market conditions and take advantage of price disparities. This flexibility can help stimulate demand by making natural gas more attractive compared to other energy sources. For instance, in July 2021, according to the International Energy Agency, a France-based government organization, electricity generation increased by 2.5% in 2022, which would take them to an all-time high. Additionally, coal-fired electricity generation will increase by 1% in 2021 to 2% in 2022. Therefore, the rising demand for electricity generation drives the liquefied natural gas(LNG) infrastructure market.
Market Trends –
Major companies operating in the liquefied natural gas infrastructure market are focused on developing and investing in new LNG projects such as port arthur LNG project that support the growth and development of the natural gas industry. Port Arthur LNG project represents a major infrastructure development aimed at expanding LNG operations, creating jobs, boosting economic growth, and contributing to American energy security. For instance, in March 2023, Sempra, a US-based energy infrastructure company, launched the port arthur LNG project, a next-generation liquefaction facility that is expected to provide abundant, clean, reliable, and affordable U.S. natural gas to world markets. The proposed project includes two natural gas liquefaction trains and LNG storage tanks, as well as associated facilities capable of producing up to approximately 13.5 Mtpa of LNG, enabling the export of approximately 11 Mtpa of LNG on a long-term basis. Additionally, design changes to reduce the proposed LNG projects’ overall emissions, including electric drives, renewable power sourcing, and other technological solutions.
The liquefied natural gas (LNG) infrastructure market covered in this report is segmented –
1) By Type: Production Infrastructure, Transportation Infrastructure, Regasification Infrastructure, Distribution Infrastructure, Storage Facilities, Other Types
2) By Production: Liquefaction Plants, Natural Gas Processing Facilities, LNG Storage Tanks, Others
3) By Distribution: Pipeline Networks, Virtual Pipeline Solutions
4) By End User Industry: Heavy-Duty Vehicles, Electric Power Generation, Marine Transport
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Regional Insights –
Asia-Pacific was the largest region in the liquefied natural gas (LNG) infrastucture market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquefied natural gas (LNG) infrastucture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the liquefied natural gas (LNG) infrastucture market are Chevron Corporation, China Harbour Engineering Company, Petronas Ltd, Vinci SA, Cheniere Energy Inc, Linde plc, Samsung C&T Corporation, Mitsubishi Heavy Industries (MHI), Bechtel Corporation, INPEX Corporation, Woodside, Novatek, Gazprom International Limited, Rosneft, Fluor Corporation, Anadarko Petroleum Corporation, Saipem S.p.A., John Wood Group PLC, Technip Energies, TechnipFMC, KBR Inc., Black & Veatch, Chiyoda Corporation, JGC Holdings Corporation, Petrofac Limited, Royal HaskoningDHV, Worley India Pvt. Ltd., National Iranian Oil Company, McDermott International, SENER
Table of Contents
1. Executive Summary
2. Liquefied Natural Gas (LNG) Infrastructure Market Report Structure
3. Liquefied Natural Gas (LNG) Infrastructure Market Trends And Strategies
4. Liquefied Natural Gas (LNG) Infrastructure Market – Macro Economic Scenario
5. Liquefied Natural Gas (LNG) Infrastructure Market Size And Growth
…..
27. Liquefied Natural Gas (LNG) Infrastructure Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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