Liquefied Natural Gas (LNG) Infrastructure Market 2024 : Report Highlights, Industry Trends, Regional Overview And Outlook 2033

Overview and Scope
Liquefied natural gas (LNG) infrastructure refers to the facilities and systems involved in the production, storage, transportation, and regasification of LNG. This infrastructure is used for several purposes, primarily revolving around the transportation, storage, and distribution of natural gas in its liquefied form.

Sizing and Forecast
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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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

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.

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The liquefied natural gas (lng) infrastructure market report table of contents includes:

1. Executive Summary

2. Liquefied Natural Gas (LNG) Infrastructure Market Characteristics

3. Liquefied Natural Gas (LNG) Infrastructure Market Trends And Strategies

4. Liquefied Natural Gas (LNG) Infrastructure Market – Macro Economic Scenario

5. Global Liquefied Natural Gas (LNG) Infrastructure Market Size and Growth
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32. Global Liquefied Natural Gas (LNG) Infrastructure Market Competitive Benchmarking

33. Global Liquefied Natural Gas (LNG) Infrastructure Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Liquefied Natural Gas (LNG) Infrastructure Market

35. Liquefied Natural Gas (LNG) Infrastructure Market Future Outlook and Potential Analysis

36. Appendix

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