The liquefied
natural gas market was valued at USD 161.4 million in 2012 and is
expected to reach USD 196.4 million by 2019, expanding at a CAGR of
2.8% between 2013 and 2019.
Key end-user
segments analyzed in the study include industrial sector, electric
power and other segments such as transportation and commercial. In
terms of volume, industrial sector was the largest segment,
accounting for around 43.0% of the total market share in 2012.
Industries such as fertilizers and petrochemicals are major consumers
of LNG as large share of LNG is consumed by these sectors. Electric
power sector accounted for a moderate share of the total LNG market,
followed by other sectors such as transportation and commercial.
Browse the full
Liquefied Natural Gas (LNG) Market report at
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Asia Pacific
dominated the global market for liquefied natural gas in 2012. The
region constituted the highest percentage of the global LNG market in
terms of volume. Asia Pacific is the leading market in terms of
demand for LNG as compared to other regions such as Europe and RoW.
This is mainly ascribed to high demand from Japan, South Korea, China
and India. Asia Pacific is anticipated to exhibit the highest growth
rate during the forecast period, led by developing economies such as
India and China. Countries such as South Korea and Japan rely on LNG
to cater to domestic needs. Europe and RoW accounted for substantial
shares of the total LNG market in 2012. Import of LNG is anticipated
to decline due to increase in renewable energy, which acts as a
substitute for natural gas for power generation. The global liquefied
natural gas market has witnessed significant growth over the last few
years.
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Companies such as
Apache Corporation, BG Group Plc, Cheniere Energy Inc,
ConocoPhillips, Dominion Resources Inc, Kinder Morgan Inc, Qatar
Petroleum, Sempra Energy, Veresen Inc and Woodside Petroleum Ltd are
expected to dominate the liquefied natural gas market in the next few
years.
Liquefied NaturalGas Market: End-User Analysis
Industrial
Electric power
Others
Browse the full
Liquefied Natural Gas (LNG) Market report at
http://www.transparencymarketresearch.com/liquefied-natural-gas-market.html
Liquefied Natural
Gas Market: Regional Analysis
Europe
Asia Pacific
Rest of the World
(RoW)
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Mining Market Research Reports @
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