“Liquefied Natural Gas (LNG) Market” Report 2019-2023 defines the basic characteristics of the industry and market statistics. The latest development in technology, tactics, Liquefied Natural Gas (LNG) Market industry plans, possibilities for evolution and risks to the sector are being included. The report encompasses market forecasts related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other significant factors.
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Liquefied Natural Gas (LNG) Market analysts forecast the global Liquefied Natural Gas (LNG) market to grow at a CAGR of about 6% during the period 2019-2023.
The increase in the global supply of coalbed methane, shale gas, and tight gas has made natural gas one of the fastest growing fossil fuels. Hence, the global oil and gas industry will experience a significant increase in the unconventional oil and gas resources. The growth in both domestic demand in the US and the production of natural gas, it is expected that more than half of the additional natural gas produced will be converted into LNG for export to the countries where domestic natural gas production is nil or insufficient to meet the demand. The opportunities for the growth of natural gas production in Russia are primarily expected to be driven by the export of LNG as domestic demand has remained stagnant. Hence, the increase in natural gas production has led to a rise in the production of LNG which is likely to boost the growth of the global LNG market during the forecast period. Our analysts have predicted that the liquefied natural gas (LNG) market will register a CAGR of about 6% by 2023.
Liquefied Natural Gas (LNG) Market Segment by Manufacturers includes:
and many more.
Liquefied Natural Gas (LNG) Market Segment by Regions includes: North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America, Middle East and Africa.
Market Driver: demand for natural gas is expected to increase during our forecast period owing to demand for cleaner fuels, and thus have a positive impact on the growthMarket Trend: various benefits of using FLNG vessels such as shorter lead times than onshore liquefication units will fuel the growth of the marketMarket Challenge: growing adoption of renewable sources of electricity generation will have a negative impact on the marketGrowth in LNG liquefaction capacity :
The factors such as the increase in offshore natural gas production and the increasing focus on reducing the costs of transporting natural gas by carrying out liquefaction are expected to lead to an increase in the number of new liquefaction capacities coming online during the forecast period, which will contribute to the growth of the global LNG market.
Fluctuations in global oil and gas prices:
The steep price reductions impact the financials of companies involved in the upstream oil and gas sector and have a negative impact on their profit margins. Hence, the oil and gas sector has been unable to attract substantial investments, thus resulting in the loss of significant market potential. Hence, fluctuations in global crude oil prices affect the pricing of natural gas and thereby LNG, which is likely to pose a challenge to the growth of the global LNG market.
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Key questions answered in the report:
Scope Of The Global Liquefied Natural Gas (LNG) Market Report :-
This report classifies the Global Liquefied Natural Gas (LNG) Market size, and forecast for the year 2024. It additionally highlights the ability increase opportunities in the coming years, even as additionally reviewing the market drivers, restraints, progress signs, challenges, market dynamics, aggressive landscape, and different key aspects. Global Liquefied Natural Gas (LNG) Market gives a region-wise analysis like growth aspects, and revenue, Past, present and forecast trends, Analysis of developing market sectors and development opportunities in Liquefied Natural Gas (LNG) will forecast market growth.
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Table of Contents
TOC of Keyword Market ReportPART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT •2.1 Preface •2.2 Preface •2.3 Currency conversion rates for US$ PART 03: MARKET LANDSCAPE •Market ecosystem •Market characteristics •Market segmentation analysis PART 04: MARKET SIZING •Market definition •Market sizing 2018 •Market size and forecast 2018-2023 PART 05: FIVE FORCES ANALYSIS •Bargaining power of buyers •Bargaining power of suppliers •Threat of new entrants •Threat of substitutes •Threat of rivalry •Market condition PART 06: MARKET SEGMENTATION BY END-USER •Market segmentation by end-user •Comparison by end-user •Power – Market size and forecast 2018-2023 •Industry – Market size and forecast 2018-2023 •Others – Market size and forecast 2018-2023 •Market opportunity by end-user PART 07: CUSTOMER LANDSCAPE PART 08: GEOGRAPHIC LANDSCAPE •Geographic segmentation •Geographic comparison •EMEA – Market size and forecast 2018-2023 •APAC – Market size and forecast 2018-2023 •Americas – Market size and forecast 2018-2023 •Key leading countries •Market opportunity PART 09: DECISION FRAMEWORK PART 10: DRIVERS AND CHALLENGES •Market drivers •Market challenges PART 11: MARKET TRENDS •Growing demand for LNG bunkering •Growing use of FLNG vessels •Commoditization of LNG PART 12: VENDOR LANDSCAPE •Overview •Landscape disruption •Competitive scenario PART 13: VENDOR ANALYSIS
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