Liquefied Natural Gas (LNG) Market Share:

Natural gas that has been cooled to an extremely low temperature—roughly -260° Fahrenheit (-162° Celsius)—is known as liquefied natural gas, or LNG. As a result, it shrinks to roughly 1/600th of its original volume, making long-distance transportation—especially by ship—much simpler and more effective. LNG is a significant fuel source for cooking, heating, and electricity production. Additionally, it is gaining popularity as a fuel for ships and trucks used in transportation. Methane emissions and the energy needed to liquefy and regasify natural gas are two additional environmental issues related to LNG production and transportation.

According to Straits Research, The global LNG market size was valued at USD 63 billion in 2021. It is estimated to reach an expected value of USD 533.84 billion, growing at a CAGR of 26.8% during the forecast period (2022-2030). Factors like the growing demand for gas for power generation and the rising number of LNG-fueled fleets stimulate market growth.

There are a number of significant causes propelling the expansion of the LNG market, which is booming:

1. Growing Need for Natural Gas: Economic factors are important. Growing economies increase energy demand, especially in emerging countries. Compared to coal, natural gas burns cleaner, which makes it a desirable fuel for industrial and power production uses.
2. Changing Geopolitical Environment: Traditional energy sources may be disrupted by geopolitical events. As a result, nations wishing to diversify their energy sources may consider LNG, which can be transported over great distances, as a more secure choice. For example, demand for LNG from other sources has increased as a result of Europe's recent push to lessen its dependency on Russian gas.
3. Technological Advancements: Transportation and manufacturing of LNG are made possible by ever-improving technologies. Natural gas can now be transported, liquefied, and regasified more cheaply and effectively as a result. Additionally, new LNG terminal infrastructure is being constructed globally, broadening the fuel source's accessibility.
4. Environmental Concerns: Although it burns cleaner than coal, natural gas is still a fossil fuel. As a result, it becomes a more alluring choice for nations trying to lower their carbon emissions. There will likely be a rise in demand for LNG as environmental laws tighten.

Here's a brief summary of some local trends:

• Asia-Pacific Dominates: It is anticipated that the Asia-Pacific area will continue to be the region that consumes the most LNG at this time. Due to their large populations and expanding economies, nations like China and India are the main drivers of this expansion.
• North America Begins to Export: Thanks to its substantial shale gas reserves, the US is starting to export a significant amount of LNG. As a result, prices are declining and the global market is becoming more competitive. 

Competitive Landscape

1. JGC Holdings Corporation
2. Chiyoda Corporation
3. Bechtel Corporation
4. Technip FMC PLC
5. Fluor Corporation
6. Royal Dutch Shell PLC
7. Gasum OY
8. ENN Energy Holdings Ltd
9. Engie SA
10. Gazprom Neft Plsc (Parent Company)

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Global Liquefied Natural Gas (LNG) Market: Segmentation

As a result of the Liquefied Natural Gas (LNG) Market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.

1. By LNG Infrastructure
   1. LNG Liquefaction
   2. LNG Regasification Facilities
   3. LNG Shipping
2. By LNG Trade
   1. Import
   2. Export

The report forecasts revenue growth at all geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2022 to 2030 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:

• North America (U.S., Canada)
• Europe (U.K., Germany, France, Italy)
• Asia Pacific (China, India, Japan, Singapore, Malaysia)
• Latin America (Brazil, Mexico)
• Middle East & Africa

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Tools and Insights:

• A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.
• But not limited to: reports from corporations, international Organizations, and governments; market surveys; and relevant industry news.
• Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2030, using CAGRs (compound annual growth rates)
• Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such as the United States, Europe, and China.
• Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.

Goals of the Study

• Global Liquefied Natural Gas (LNG) Market consumption (value) by main areas and countries, product type (and application), statistics from 2019 to 2020 will be examined till forecast 2030.
• Identify the different subsegments of the Liquefied Natural Gas (LNG) Market in order to better comprehend its structure.
• Analysis of the value of the market, as well as the competitive landscape, Porter's five forces analysis, and SWOT analysis of the top Liquefied Natural Gas (LNG) Market worldwide manufacturers are included in this report.
• We'll look at how well each of the Liquefied Natural Gas (LNG) markets is doing and how much they contribute to market size.
• Sharing in-depth information regarding the market's development factors (growth potential, opportunities, drivers, industry-specific challenges and risks).
• According to main geographies, the consumption of Liquefied Natural Gas (LNG) Market submarkets will be forecasted (along with their respective key countries).
• To keep up with market changes, such as new product launches, expansions, and acquisitions.
• To identify and assess the most important companies in the market, as well as their development plans.

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