Europe Liquefied Natural Gas Market Size & Outlook
Europe liquefied natural gas market, 2018-2030 (US$M)
Related Markets
Europe liquefied natural gas market highlights
- The Europe liquefied natural gas market generated a revenue of USD 18,806.4 million in 2023.
- The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, power generation was the largest revenue generating application in 2023.
- Transportation Fuel is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 18,806.4 million |
| Market revenue in 2030 | USD 29,607.4 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Power generation |
| Fastest growing segment | Transportation Fuel |
| 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, Europe region accounted for 16.2% 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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Europe 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 46.05% in 2023. Horizon Databook has segmented the Europe liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
Europe, led by France, Italy and the UK, emerged as the key regional market in 2019, accounting for a share of over 18.1% in the global LNG demand. Rising population is a major factor significantly impacting power generation market in the region.
Growth in population and GDP is expected to drive the power generation demand through clean energy source which is expected to drive the market for LNG in the region.The growth in population is creating more requirement for power generation, which is projected to drive gas turbine thus the demand liquified natural gas in the region over the forecast period.
However, rising focus on developing renewable sources of power generation is projected to negatively impact LNG market over the coming years. Europe is still grappling with an economic slowdown; this can also significantly impact power industry.
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Target buyers of Europe 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 Europe liquefied natural gas market , including forecasts for subscribers. This continent databook contains high-level insights into Europe liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe liquefied natural gas market size, by country, 2018-2030 (US$M)
Europe Liquefied Natural Gas Market Outlook Share, 2023 & 2030 (US$M)
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