Italy Liquefied Natural Gas Market Size & Outlook
Italy liquefied natural gas market, 2018-2030 (US$M)
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Italy liquefied natural gas market highlights
- The Italy liquefied natural gas market generated a revenue of USD 1,203.9 million in 2023 and is expected to reach USD 1,665.9 million by 2030.
- The Italy market is expected to grow at a CAGR of 4.7% 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.
Liquefied natural gas market data book summary
| Market revenue in 2023 | USD 1,203.9 million |
| Market revenue in 2030 | USD 1,665.9 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Power generation |
| Fastest growing segment | Transportation Fuel |
| 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
- In terms of revenue, Italy accounted for 1.0% of the global liquefied natural gas market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany liquefied natural gas market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 6,481.1 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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Italy 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 40.24% in 2023. Horizon Databook has segmented the Italy liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
Italy is an attractive market for natural gas in Europe per consumption. The growing demand for LNG in the country is attributed to the shifting focus towards power generation through cleaner sources such as natural gas.
Natural gas accounts for about 35% of Italy’s primary energy consumption in 2016 and over 47% of gross electricity production in 2017. Italy’s LNG imports represented 92% of total supply and have been growing due to a reduction in domestic production. Natural gas in Italy is mainly imported from Russia (39%), Algeria (29%), Libya, The Netherlands, and Qatar.
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Target buyers of Italy 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 Italy liquefied natural gas market , including forecasts for subscribers. This country databook contains high-level insights into Italy liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy liquefied natural gas market size, by application, 2018-2030 (US$M)
Italy Liquefied Natural Gas Market Outlook Share, 2023 & 2030 (US$M)
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