Albany,
New York, September 29, 2014 – According to a new market report
released by Transparency Market Research titled “Liquefied Natural
Gas Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2013 - 2019” – the global liquefied natural gas
market was valued at US$161.4 million in 2012. However, the market is
further expected to reach US$196.4 million by 2019, expanding at a
CAGR of 2.8% between 2013 and 2019.
This
report analyzes demands and forecasts the liquefied
natural gas market in
terms of revenue and volume for the period from 2013 to 2019. It also
provides an in-depth analysis of the overall global liquefied natural
gas industry with dedicated end-user segments and estimates and
forecasts for each end-user.
Browse
Full Report :
http://www.transparencymarketresearch.com/liquefied-natural-gas-market.html
Liquefied
natural gas (LNG) is growing its global market share within the
natural gas industry. Liquefied natural gas is expected to play an
increasingly significant role in the global energy markets, as well
as the natural gas industry over the next few years. As the world is
constantly in the efforts to reduce CO2 emission levels, liquefied
natural gas is the primary fuel of choice as compared to any other
alternatives. It produces less harmful emissions and has low carbon
intensity with more efficiency. Due to such factors, many parts of
the world prefer using liquefied natural gas in various processes.
LNG helps industries save substantial capital and reap all
environmental and economic benefits which are useful for long-term
planning.
The
global liquefied natural gas market is expanding due to several
advantages offered by this industry. These include, lesser pollution,
cost- effectiveness, flexibility of trade and safety while use.
Get
Sample Report PDF :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=484
Liquefied
natural gas finds applications in generation of heat and electric
power. Due to high demand for electricity and global warming
awareness, the use of liquefied natural gas is high in the electric
power sector. The liquefied natural gas market primarily comprises
three end-users: electric power, industrial sector, and other
segments such as commercial and transportation. In terms of demand
for liquefied natural gas, the industrial sector is anticipated to
become the most dominant sector over the forecast period. In 2012,
the industrial segment was the largest across the globe accounting
for around 43.0% of the total market share.
Similarly,
large share of liquefied natural gas is consumed by industries such
as petrochemicals, plastics and fertilizers. They are the largest
consumers to use LNG to run various industrial processes. Also, the
electric power sector accounted for an average share of the total
liquefied natural gas market, which was then followed by various
other sectors such as commercial and transportation.
Fundamentally,
transporting liquefied natural gas over long distances or
international borders by means of pipelines is inefficient and only
inflates the risk involved with commercial and investment factors.
Nevertheless, despite such challenges and global economic recession,
the liquefied natural gas market is yet expanding and experiencing
major growth on a global scenario. The market for liquefied natural
gas is expected to continue over the forecast as a result of high-use
of natural gas in various industry applications.
Liquefied
natural gas (LNG) is environment-friendly and more economical to use
than other traditional fuels such as diesel and coal. The liquefied
natural gas market is also a value-added advantage to long-term fixed
pricing structure.
Related
Publish Report :
Some
of the major geographies analyzed under this research study include
Asia-Pacific, Europe, North America, and the Rest of the World (RoW).
The global liquefied natural gas demand in Asian countries such as
India, Japan, South Korea, and China is expected to grow at a healthy
rate. Similarly, owing to high liquefied natural gas imports, the LNG
market in the European countries such as France, Spain, and Italy is
expected to rise in the forecast period, 2013 – 2019.
About
Us
Transparency
Market Research is a global market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. We are
privileged with highly experienced team of Analysts, Researchers, and
Consultants, who use proprietary data sources and various tools and
techniques to gather, and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
No comments:
Post a Comment