Asia Pacific Liquefied Natural Gas Market Size & Outlook
Asia Pacific liquefied natural gas market, 2018-2030 (US$M)
Related Markets
Asia Pacific liquefied natural gas market highlights
- The Asia Pacific liquefied natural gas market generated a revenue of USD 93,959.8 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, power generation was the largest revenue generating application in 2023.
- Power Generation is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 93,959.8 million |
| Market revenue in 2030 | USD 173,568.6 million |
| Growth rate | 9.2% (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 |
| Key market players worldwide | BP PLC, Chevron Corp, China Petroleum & Chemical Corp Class H, Eni SpA, Equinor ASA, Exxon Mobil Corp, Gazprom, PetroChina Co Ltd Class H, Shell PLC, TotalEnergies SE |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 80.8% of the global liquefied natural gas market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 173,568.6 million by 2030.
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Liquefied Natural Gas Market Scope
Liquefied Natural Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 47.81% in 2023. Horizon Databook has segmented the Asia Pacific liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for LNG in APAC is mainly dominated by Japan Following Japan, APAC countries such as China and India are the also major markets for LNG in the region. High growth of industrial sectors in China, India, and Japan has triggered the demand for power through clean sources driving the need for natural gas.
Establishment of heavy equipment, oil & gas, and process companies in China, on account of low labor and utility costs, has been one of the factors responsible for the penetration of natural gas for industrial application in the region.
Decentralization of power sector in Thailand coupled with the availability of natural gas in abundance is projected to boost the market in China over the forecast period. Government initiatives in India are encouraging industrial establishments in the country. Power generation sector in India is inclined toward coal-based production.
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Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific liquefied natural gas market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific liquefied natural gas market size, by country, 2018-2030 (US$M)
Asia Pacific Liquefied Natural Gas Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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