Global Large-Scale LNG Terminals Market 2018-2022 | Commoditization of LNG to Boost Growth | Technavio

Technavio has announced its latest market research report titled global large-scale LNG terminals market 2018-2022. (Graphic: Business Wire)

LONDON--()--The large-scale LNG terminals market size is expected to post a CAGR of close to 3% during the period 2018-2022, according to the latest market research report by Technavio. Request a free sample report

The rising demand for clean fuels is one of the major reasons for the growth of the large-scale LNG terminals market. Fossil fuels constitute a major source of energy to cater to the demands from the residential, commercial, and industrial sectors. However, they result in heavy emissions of CO2 and other greenhouse gases (GHGs). Various regulations are being laid down by national governments and inter-governmental organizations to mitigate the concern of environmental pollutants. Thus, the demand for natural gas is expected to intensify further in the coming years which will drive the large-scale LNG terminals market growth.

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As per Technavio, the commoditization of LNG will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Large-scale LNG terminals Market: Commoditization of LNG

LNG has turned out to be a global commodity ever since the first LNG cargo was shipped from an LNG facility in Algeria in 1964. Supply surplus combined with increasing demand is essential for the growth of the global liquid commodity market. This is because, during stressed situations, the producers and consumers prefer long-term fixed agreements than trading openly. Factors such as increasing diversity of suppliers and buyers, rising installation of floating regasification plants, and growing liquidity of tradable LNG have resulted in the commoditization of LNG similar to oil. Thus, the global LNG market is gradually turning out to be more productive and efficient.

“Apart from the commoditization of LNG, factors such as the increasing number of deepwater and ultra-deepwater drilling projects, and the rising popularity of renewable energy resources will have a significant impact on the growth of the large-scale LNG terminals market value during the forecast period,” says a senior analyst at Technavio.

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Large-Scale LNG Terminals Market: Segmentation Analysis

This market research report segments the large-scale LNG terminals market by application (regasification and liquefaction) and geographical regions (APAC, EMEA, and the Americas).

The APAC region led the large-scale LNG terminals market in 2017, followed by EMEA, and the Americas respectively. The market dominance of APAC can be attributed to the demand-supply mismatch and competitive pricing, which provides significant growth opportunities for natural gas suppliers in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The large-scale LNG terminals market size is expected to post a CAGR of close to 3% during the period 2018-2022, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com