3rd April 2020 – Global Liquefied
Natural Gas (LNG) Market report offers the latest industry trends,
technological alteration and forecast data. A deep-dive view of Liquefied
Natural Gas (LNG) industry based on its size, growth, development plans, and
opportunities is offered by this report. The forecast information, SWOT
analysis, Liquefied Natural Gas (LNG) barriers, and feasibility study are the
vital aspects evaluated in this report.
Synopsis:
The global Liquefied Natural Gas
(LNG) Market is projected to reach US$ 20.6 billion by 2025 with a CAGR of
12.7% during the completion of the prediction period. Liquefied Natural Gas implies a collection of gases, largely of
methane and additional gases for example Nitrogen, Propane, Butane, and Ethane.
It has been chilled to a state of liquid. It is stored at a temperature of
approx. -260° Fahrenheit, for the purpose of storing and transport. The size of
natural gas, in the form of its liquid condition, is around 600 times lesser
than the size of its gasiform state. This procedure makes it possible to
carrying natural gas to the locations where the pipelines are not reachable.
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Main features of the report:
·
To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global Liquefied Natural Gas (LNG) Market.
·
A complete backdrop analysis,
which includes an assessment of the parent market
·
Important changes in market
dynamics
·
Market segmentation up to the
second or third level
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
·
Track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the
global Liquefied Natural Gas (LNG) Market.
·
Emerging niche segments and
regional markets
·
An objective assessment of the
trajectory of the industry.
Wherever the transportation of the
natural gas, by way of pipeline, is not possible it is carried in its
liquefying state, for a lengthier distance to those marketplaces, which are
excessively far away from the areas of production and cannot be directly
connected to the pipelines. The natural gas is able to be transported in
specific tankers to the depots all over the world, in its compacted liquid
form. At these stations, the liquefied natural gas is reverted to its gassy
state and conveyed by way of pipeline to plants of power generation, supply
companies, and industrialized customers.
Drivers and Restraints:
The global liquefied natural gas market
is estimated to propagate by way of increasing consumption of energy,
increasing municipal inhabitants, growing demand for natural gas-powered automobiles,
fast-tracking of financial development, and growing inclination for liquefied
natural gas in emerging financial prudence.
Important inclinations and developments
of this market comprise growing export of this natural gas, additions of
capacities, mounting demand for liquefied natural gas bunkering, rolling
developments, increasing commercial market and growing change in the direction
of modular equipment.
Regional Lookout:
By Region, the global LNG market can be
classified as North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. Asia Pacific has appeared as the most important area for the
liquefied natural gas owing to growing capability of liquefaction and exports,
along with growing imports by South Korea, China, and India.
Companies:
Some of the important companies
for liquefied natural gas market are Chevron Corporation, Exxon Mobil
Corporation, British Petroleum Plc, Royal Dutch Shell Plc., CNOOC, China
National Petroleum, Veresen Inc., Qatar Petroleum, Dominion Resources, Cheniere
Energy, BG Group plc, Sinopec Group, Woodside Petroleum, Sempra Energy, Kinder
Morgan, ConocoPhillips, Apache Corporation, and Qatar gas Operating Company.
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