Global Liquefied Natural Gas Market, by Application (Power Generation, Transportation, Mining & Industrial, and Others), and by Region - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

  • Report code : CMI14985 |
  • Industry :

    Energy

  • Published On : Oct 2017 |
  • Pages : 350 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Liquefied Natural Gas – Insights

Liquefied natural gas is an odorless and colorless liquid, which is formed by cooling natural gas to -1620C. The liquefaction process shrinks the volume of gas by 600 times, making it easier to store and ship. When liquefied natural gas reaches to its destination, it is again converted into gas by regasification process and transported through vessels and pipes to end-use consumers. Liquefied natural gas is an emerging fuel due to its cleanest burning nature as compared to petrol, diesel, and other fuels. Key drivers such as increasing demand for clean source of energy by end-use industries, government initiatives to strengthen gas pipeline infrastructure, and significant growth in global natural gas liquefaction capacity are expected to fuel growth of the global liquefied natural gas market over the forecast period. According to International Gas Union report, the global nominal natural gas liquefaction capacity is increased to 336.7 million tons per year in 2017, which was accounted to 304.4 million tons per year in 2015.

The liquefied natural gas market is highly fluctuating market due to larger dependency on oil prices. Mostly, spot price of liquefied natural gas in emerging markets is set via oil linkage. Moreover, changing trade and sales strategies across every region is propelling growth of the market. For instance, in Europe, wholesale gas is sold via long term contracts, whereas, in North America, gas prices are set at liquid trading hubs.

On the basis of application, power generation segment was the dominant segment with the highest market share in 2016 and is estimated to be the leading segment in the market over the forecast period. The increase in the power generation segment is owing to rising awareness and preference for cleaner sources of energy for power generation. For instance, according to Mexico’s National Energy Ministry (SENER), over 60% of Mexico’s electric capacity additions will be from natural gas-fired power plants, estimated for the period 2016-2020.

On the basis of region, the global liquefied natural gas market is segmented into North America, Latin America, Asia Pacific, Middle East, Europe, and Africa. In 2016, Asia Pacific was the leading region with the highest market share in the market. The major attributes related to growth of Asia Pacific region in liquefied natural gas market is owing to the significant growth in natural gas liquefaction capacity in countries such as Australia, Malaysia, and Indonesia among others. For instance, according to International Gas Union report, in 2016, Australia and Malaysia exported around 44 million metric tons and 25 million metric tons of LNG respectively and accounted as major players after Qatar in LNG export. Asia Pacific is estimated to be the fastest growing region and is expected to witness a CAGR of 13.0% during the forecast period.

According to a study by Coherent Market Insights, the global liquefied natural gas market was valued at US$ 7.23 billion in 2016 and is expected to witness a CAGR of 12.8% in terms of revenue over the forecast period (2017 – 2025).

Figure 1. Global Liquefied Natural Gas Market Share, by Region, 2016

liquified-natural-gas-market

Source: Coherent Market Insights 2017

Asia Pacific held highest revenue share of 38% in the global liquefied natural gas market, in 2016 and the region is projected to maintain its dominance over the forecast period. Middle East accounted for the second largest revenue share in global liquefied natural gas market in 2016 and is expected to maintain its position over the forecast period.

Major Players in the Global Liquefied Natural Gas Market

The major players operating in the global liquefied natural gas market include Royal Dutch Shell, ExxonMobil, Chevron, Total SA, BP Plc, PetroChina, China Petroleum and Chemical Company, and Conoco Philips. Key players are strategically investing in the liquefied natural gas market to enhance their product portfolio through collaboration, joint ventures, and merger & acquisitions. For instance, in 2017, Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. (Shell) signed a framework agreement to develop liquefied natural gas (LNG) marine fueling – or bunkering – infrastructure at strategic shipping locations across the globe.

Liquefied Natural Gas (LNG) is a liquid form of natural gas. The primary purpose for liquefaction of natural gas is to ease its transportation from source to destination. Liquefied natural gas market is projected to witness significant growth over the forecast period, due to increasing demand in power generation and industrial applications. Key drivers such as changing trend towards clean energy sources, increasing demand for liquefied natural gas in transportation, and government initiatives to improve production capacity in collaboration with global manufacturers across every region are expected to fuel growth of the global liquefied natural gas market over the forecast period.

Market Dynamics

The increasing focus on developing gas pipeline infrastructure and favorable government regulations is projected to fuel growth of global liquefied natural gas market over the forecast period. Asia Pacific held highest revenue share in the global liquefied natural gas market in 2016 and is expected to maintain its dominance in the near future. This is mainly due to presence of largest LNG exporter countries in the region such as Australia, Indonesia, and Malaysia. Increasing utilization of advanced biofuels in transportation sector, as it is a clean and readily available alternative source to fossil fuels, is expected to fuel growth of the liquefied natural gas market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of liquefied natural gas and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global liquefied natural gas market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Royal Dutch Shell, ExxonMobil, Chevron, Total SA, BP Plc, PetroChina, China Petroleum and Chemical Company, and Conoco Philips
  • Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology upgrade, market expansion, and marketing tactics
  • The global liquefied natural gas market report caters to various stakeholders in this industry including investors, suppliers, liquefied natural gas manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the liquefied natural gas market

Detailed Segmentation:

  • Global Liquefied Natural Gas Market, By Application:
    • Power Generation
    • Transportation
    • Mining & Industrial
    • Others
  • Global Liquefied Natural Gas Market, By Geography:
    • North America
      • U.S.
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • Canada
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
    • Europe
      • U.K.
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • Germany
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • Italy
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • France
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • Russia
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • Rest of Europe
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
    • Asia Pacific
      • China
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • India
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • Japan
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • ASEAN
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • Australia
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • South Korea
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • Rest of Asia Pacific
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
    • Latin America
      • Brazil
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • Mexico
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • Rest of Latin America
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
    • Middle East
      • GCC
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • Israel
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
    • Africa
      • North Africa
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • Central Africa
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
      • South Africa
        • By Application:
          • Power Generation
          • Transportation
          • Mining & Industrial
          • Others
  • Company Profiles
    • Royal Dutch Shell*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • ExxonMobil
    • Chevron
    • Total SA
    • BP Plc
    • PetroChina
    • CPCC
    • Conoco Philips

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Market Trend
      • Epidemiology/Prevalence/Incidence
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Liquefied Natural Gas Market, By Application, 2017 - 2025, (US$ Billion)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, 2017 - 2025
      • Segment Trends
    • Power Generation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
    • Transportation
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
    • Mining & Industrial
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Billion)
  5. Global Liquefied Natural Gas Market, By Region, 2017 - 2025, (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Region, 2017 - 2025
    • North America
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2025
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
    • Europe
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2025
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Others
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
    • Asia Pacific
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2025
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Others
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
    • Latin America
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2025
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Others
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
    • Africa
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2025
        • North Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
    • Middle East
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2017 - 2025
        • GCC Countries
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2025, (US$ Billion)
  6. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Royal Dutch Shell
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • ExxonMobil
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Chevron
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Total SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • BP Plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • PetroChina
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • China Petroleum and Chemical Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Conoco Phillips
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  7. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse 200 market data tables and 70 figures on "Liquefied Natural Gas Market - Global forecast to 2025”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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