Japan Liquefied Natural Gas Market Size & Outlook
Japan liquefied natural gas market, 2018-2030 (US$M)
Related Markets
Japan liquefied natural gas market highlights
- The Japan liquefied natural gas market generated a revenue of USD 27,429.1 million in 2023 and is expected to reach USD 43,228.6 million by 2030.
- The Japan 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.
- 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 27,429.1 million |
| Market revenue in 2030 | USD 43,228.6 million |
| Growth rate | 6.7% (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
- In terms of revenue, Japan accounted for 23.6% 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 Asia Pacific, China liquefied natural gas market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 19,891.0 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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Japan 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 46.51% in 2023. Horizon Databook has segmented the Japan liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is the world's largest liquefied natural gas importer and ranks in the top four countries for the highest coal imports, net imports of petroleum and other liquids, and consumption of crude oil and petroleum products.
Because of its limited natural gas resources, Japan largely rely on imports to meet nearly all of its natural gas needs The Japanese LNG market is currently saturated and generally comfortable with having obtained the LNG volume it requires.
Because of environmental concerns, the Japanese government has encouraged natural gas consumption over the past several decades. The government chose LNG as its primary fuel of choice for power generation to substitute for the lost nuclear generation immediately following the Fukushima nuclear accident.
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Target buyers of Japan 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 Japan liquefied natural gas market , including forecasts for subscribers. This country databook contains high-level insights into Japan liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan liquefied natural gas market size, by application, 2018-2030 (US$M)
Japan Liquefied Natural Gas Market Outlook Share, 2023 & 2030 (US$M)
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