Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state, at about -260°Fahrenheit, for shipping and storage. The volume of natural gas in its liquid state is about 600 times smaller than its volume in its gaseous state. This process, which was developed in the 19th century, makes it possible to transport natural gas to places pipelines do not reach and to use natural gas as a transportation fuel.
According to the Segmentation of types, all the market of Liquefied Natural Gas (LNG) can be divided as follows:
The first kind need to mention is APCI, it hold a comparatively larger share in global market, which accounts for about 78.34% in 2018.
The following is Cascade took 15.41% market share in 2018. And Other took 6.25% market share in 2018.
From the view of region, APAC have a larger market share in 2018 which account for 54.19% and will witness a stable growth in following years. Europe hold a market share of 29.06% will still play an important role which cannot be ignored. Any changes from North America, which share a 7.65% market share in 2018, might affect the development trend of Liquefied Natural Gas (LNG). South America and Middle East and Africa are also play important role in Global market.
The Global Liquefied Natural Gas (LNG) Market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 - 2026.
As the report focuses on global Liquefied Natural Gas (LNG) Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Cheniere Energy
ConocoPhillips
Qatar Petroleum
Woodside Petroleum
Sinopec Group
BP
TOTAL
Shell
ExxonMobil
Chevron
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
APCI Liquefaction Technology
Cascade Liquefaction Technology
Other Liquefaction Technology
In Market segmentation by applications :
Transportation Fuel
Power Generation
Mining & Industrial
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Liquefied Natural Gas (LNG) Market for the forecast period 2020 - 2026?
• What are the driving forces in the Liquefied Natural Gas (LNG) Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Liquefied Natural Gas (LNG) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?