Canada Liquefied Natural Gas Market Size & Outlook
Canada liquefied natural gas market, 2018-2030 (US$M)
Related Markets
Canada liquefied natural gas market highlights
- The Canada liquefied natural gas market generated a revenue of USD 39.0 million in 2023 and is expected to reach USD 54.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.8% 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.
Liquefied natural gas market data book summary
| Market revenue in 2023 | USD 39.0 million |
| Market revenue in 2030 | USD 54.2 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Power generation |
| Fastest growing segment | Power Generation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, Mexico liquefied natural gas market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 290.6 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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Canada 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 46.92% in 2023. Horizon Databook has segmented the Canada liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
In this booming age of natural gas, high-resourced Canada has seen flat production and demand for natural gas over the past decade. Western Canadian Sedimentary Basin, which consists of Alberta, British Columbia, and Saskatchewan, is the major natural gas producing area in Canada.
New Brunswick, Ontario, and offshore Nova Scotia account for the rest of the natural gas production in the country. Rise in power generation activities using natural gas has provided a boost to LNG market in the country.
The government of the country intends eliminating coal from the country’s energy mix by 2030; this is a major driving factor for environment-friendly natural gas for power generation which is expected to drive the demand for LNG in the country.
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Target buyers of Canada 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 country-level data and insights on the Canada liquefied natural gas market , including forecasts for subscribers. This country databook contains high-level insights into Canada liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada liquefied natural gas market size, by application, 2018-2030 (US$M)
Canada Liquefied Natural Gas Market Outlook Share, 2023 & 2030 (US$M)
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