Global Liquefied Natural Gas Market Size & Outlook
Global liquefied natural gas market, 2018-2030 (US$M)
Related Markets
Global liquefied natural gas market highlights
- The global liquefied natural gas market generated a revenue of USD 116,315.2 million in 2023 and is expected to reach USD 208,851.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.7% by 2030.
- In terms of segment, power generation accounted for a revenue of USD 55,152.7 million in 2023.
- Power Generation is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 116,315.2 million |
| Market revenue in 2030 | USD 208,851.2 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Power generation |
| Fastest growing segment | Power Generation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transportation Fuel, Power Generation |
Other key industry trends
- In terms of revenue, the North America accounted for 0.6% of the global liquefied natural gas market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 609.4 million by 2030.
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Liquefied Natural Gas Market Scope
Liquefied Natural Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global liquefied natural gas market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to liquefied natural gas market will help companies and investors design strategic landscapes.
Power generation was the largest segment with a revenue share of 47.42% in 2023. Horizon Databook has segmented the Global liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Liquefied Natural Gas Application Outlook (Revenue, USD Million, 2018-2030)
- Residential / Commercial
- Chemical
- Industrial
- Autogas
- Refinery
- Transportation Fuel
- Power Generation
- Others
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Target buyers of Global liquefied natural gas market databook
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Our clientele includes a mix of liquefied natural gas market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global liquefied natural gas market , including forecasts for subscribers. This global databook contains high-level insights into Global liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global liquefied natural gas market size, by region, 2018-2030 (US$M)
Top 10 countries: Liquefied natural gas market size, 2023 (US$M)
Global liquefied natural gas market share, by application, 2023 & 2030 (%, US$M)
Liquefied natural gas market: Opportunity assessment by country
Global liquefied natural gas market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 1,290.4 | 1,145.5 | 959.3 | 1,124.3 | 1,122.2 | 1,136.7 | 1,168.1 | 1,217.4 | 1,286.6 | 1,378.5 | 1,475.8 | 1,578.7 | 1,687.5 | 5.6% |
| Europe | 17,144.7 | 20,430.5 | 20,325.0 | 18,334.4 | 18,431.5 | 18,806.4 | 19,471.3 | 20,451.7 | 21,787.7 | 23,536.7 | 25,417.2 | 27,437.7 | 29,607.4 | 6.8% |
| North America | 809.7 | 721.3 | 669.5 | 675.8 | 671.5 | 676.8 | 691.6 | 716.4 | 752.0 | 799.7 | 849.3 | 900.8 | 954.1 | 4.9% |
| MEA | 3,091.0 | 1,684.9 | 1,478.8 | 1,645.5 | 1,677.3 | 1,735.6 | 1,822.7 | 1,942.2 | 2,099.6 | 2,301.9 | 2,523.8 | 2,767.0 | 3,033.6 | 8.2% |
| Asia Pacific | 108,414.5 | 88,883.9 | 84,016.5 | 87,703.3 | 90,097.1 | 93,959.8 | 99,451.1 | 106,811.5 | 116,378.4 | 128,612.4 | 142,130.1 | 157,066.0 | 173,568.6 | 9.1% |
| Overall | 130,750.2 | 112,866.1 | 107,449.0 | 109,483.2 | 111,999.7 | 116,315.2 | 122,604.8 | 131,139.2 | 142,304.3 | 156,629.2 | 172,396.1 | 189,750.2 | 208,851.2 | 8.7% |
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