Portland, OR, Oct. 27, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global generated $102.2 billion in 2019, and is estimated to reach $58.9 billion by 2030, registering a CAGR of 9.9% from 2020 to 2030. The report offers an extensive analysis of changing market trends, key winning strategies, top players positioning, Porter’s Five Forces, and competitive scenario.
Increase in technological advancement and rise in demand for LNG from the Asia-Pacific region drive the growth of the global planned LNG market. However, postponement in LNG projects restrains the market growth. On the other hand, rise in demand from different end users such as industrial and commercial create new opportunities in the coming years.
Download Sample PDF (284 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/2254
Covid-19 scenario:
- The outbreak of coronavirus has negatively affected the LNG sector. The majority of the LNG regasification projects have stopped their operations during lockdown.
- These LNG regasification projects are based in countries such as India and China, in which, the demand for LNG is huge. The prime projects such as Soko Floating and Tangshan development (expansion) that were anticipated to get started in 2020 might get delayed due to the lockdown.
The report offers a detailed segmentation of the global planned LNG market based on technology, end use industry, and region.
Based on technology, the liquefaction segment contributed to the largest share in 2019, accounting for more than four-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. In addition, the same segment is expected to register the highest CAGR of 28.9% from 2020 to 2030.
Get detailed COVID-19 impact analysis on the Planned LNG Market: https://www.alliedmarketresearch.com/request-for-customization/2254?reqfor=covid
Based on end user, the industrial segment accounted for the largest share in 2019, holding nearly half of the total share, and is expected to maintain the largest share throughout the forecast period. However, the commercial segment is estimated to portray the highest CAGR of 10.9% during the forecast period.
Based on region, North America contributed the highest share, accounting for more than half of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, LAMEA is expected to grow at the highest CAGR of 20.3% from 2020 to 2030.
Leading market players analyzed in the research include Chevron Corporation, Equinor ASA, Exxonmobil Corporation, Gasum OY, Lng Croatia LLC, Royal Dutch Shell PLC, Venture Global LNG, Cheniere Energy, Inc., Conocophillips Company, Energy Transfer Lp., Freeport LNG, Korea Gas Corporation, Petróleobrasileiro S.A. (Petrobras), and Sempra Energy.
Have Any Query? Connect with Our Research Expert: https://www.alliedmarketresearch.com/connect-to-analyst/2254
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141 International: +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research/
Subscribe via RSS
Pune, INDIA
