LONDON--(BUSINESS WIRE)--Technavio has been monitoring the liquefied natural gas (LNG) market and it is poised to grow by USD 50.22 billion during 2019-2023, progressing at a CAGR of about 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BP, Chevron, Exxon Mobil, Qatargas Operating Company, and Royal Dutch Shell. are some of the major market participants. The increase in LNG production will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The increase in LNG production has been instrumental in driving the growth of the market.
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Liquefied Natural Gas (LNG) Market 2019-2023: Segmentation
Liquefied Natural Gas (LNG) Market is segmented as below:
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End-user
- Power
- Industry
- Others
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Geography
- Americas
- APAC
- EMEA
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Liquefied Natural Gas (LNG) Market 2019-2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The liquefied natural gas (LNG) market report covers the following areas:
- Liquefied Natural Gas (LNG) Market Size
- Liquefied Natural Gas (LNG) Market Trends
- Liquefied Natural Gas (LNG) Market Industry Analysis
This study identifies the growing demand for LNG bunkering as one of the prime reasons driving the Liquefied Natural Gas (LNG) Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Liquefied Natural Gas (LNG) Market 2019-2023: Key Highlights
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will assist liquefied natural gas (LNG) market growth during the next five years
- Estimation of the liquefied natural gas (LNG) market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the liquefied natural gas (LNG) market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of liquefied natural gas (LNG) market, vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 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
- Vendors covered
- Vendor classification
- Market positioning of vendors
- BP
- Chevron
- Exxon Mobil
- Qatargas Operating Company
- Royal Dutch Shell
PART 14: APPENDIX
- Research methodology
- List of abbreviations
PART 15: EXPLORE TECHNAVIO
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