A recent report published by Infinium Global Research on the LNG market provides an in-depth analysis of segments and sub-segments in the global as well as regional LNG market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional LNG market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global LNG market. According to the report, the global LNG market is projected to grow at a CAGR of 6.00% over the forecast period of 2019-2025.
The global LNG market was accounted for 327.73 Million Tons in 2018 and is expected to reach 533.09 million tons by the end of 2025. Rising natural gas demand from downstream sectors, speedy development in the pipeline infrastructures, favorable government policies, and reduced prices are major driving factors for the industry growth. The growing focus of development and support infrastructure in the developed emerging, as well as economies, is estimated to enhance the LNG growth in the near future. However, less infrastructure for the pipeline in the remote areas is anticipated to hinder the market growth.
The LNG market is driven by development in the unconventional gas sources, supply fluctuation of crude oil, and advancement in offshore gas discoveries & offshore liquefaction technology. Moreover, the growing demand for LNG and the development of liquefaction plants are contributing to global LNG market growth. The surge in shale gas exploration has reduced the dependence on the imports of natural gas and increase LNG exports. This, in turn, is accelerating the global LNG market. However, the high cost of equipment is anticipated to hinder the LNG market growth. Nonetheless, supportive policy from various countries government for LNG market development as it is clean energy source is anticipated to create a new opportunity for global LNG market in upcoming years.
On the basis of region, the global nickel market is bifurcated into North America, Europe, Asia-Pacific, the Middle East, and Africa, and Latin America. The Asia-Pacific accounted for the largest market share global nickel market in 2018 in terms of revenue and volume. The Asia-Pacific is expected to be the dominating region within the projected period. On an account of the establishment of production facilities, and growing economy. India and China and are the largest market at the present and is estimated to be followed by Japan, South Korea in the near future. The LNG market is driven by increasing customer demands for various functionality and speedy price reductions.
The report on global LNG market covers segments such as type, and application. On the basis of type, the sub-markets include regasification terminal, and liquefaction terminal. On the basis of application, the sub-markets include residential, marine, industrial, transportation, utilities, commercial, and other applications.
The report provides profiles of the companies in the market such as Royal Dutch Shell Plc., Qatargas Operating Company, BP Plc., BG Group Plc., ExxonMobil Corporation, Chevron, TOTAL S.A., Petronas, Anadarko, and NIOC.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of LNG market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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