Latin America Liquefied Natural Gas Market Size & Outlook
Latin America liquefied natural gas market, 2018-2030 (US$M)
Related Markets
Latin America liquefied natural gas market highlights
- The Latin America liquefied natural gas market generated a revenue of USD 1,136.7 million in 2023.
- The market is expected to grow at a CAGR of 5.8% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,136.7 million |
| Market revenue in 2030 | USD 1,687.5 million |
| Growth rate | 5.8% (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, Latin America region accounted for 1.0% 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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Latin America 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 46.16% in 2023. Horizon Databook has segmented the Latin America liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America accounted for over 2.69% share in the global LNG market in 2019. CSA is an oil-based economy, relying heavily on oil for power generation. As a result, oil represents a significant portion of the energy mix in the region.
However, growing concern regarding carbon emission from conventional fossil fuel and stringent regulatory framework to curb the pollution are expected to drive demand natural gas for power generation and other application region.
Similar to Europe, Central & South America region is also heavily focusing on power generation from clean resources. In 2015, the Argentinian government passed an act, Act 27 191, which aims at increasing the contribution of renewable energy sources up to 8% of the total electricity consumption by 2018 and up to 20% by 2025.
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Target buyers of Latin America 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 Latin America liquefied natural gas market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America liquefied natural gas market size, by country, 2018-2030 (US$M)
Latin America Liquefied Natural Gas Market Outlook Share, 2023 & 2030 (US$M)
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