Mexico Liquefied Natural Gas Market Size & Outlook
Mexico liquefied natural gas market, 2018-2030 (US$M)
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Mexico liquefied natural gas market highlights
- The Mexico liquefied natural gas market generated a revenue of USD 496.2 million in 2023 and is expected to reach USD 609.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3% 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 496.2 million |
| Market revenue in 2030 | USD 609.4 million |
| Growth rate | 3% (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, Mexico accounted for 0.4% 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 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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Mexico 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 Mexico liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico’s has witnessed increase in import of LNG in recent years and this is owing to the decrease in domestic production of natural gas and rising demand from end-use, owing to which there has been the sustained increase in imports from the US.
Even during the current Covid-19 crisis of lower economic activity, natural gas imports have remained at levels of approximately 5,300 million standard cubic feet per day (mmcfd) during the first quarter of 2020.
The US is the primary exporter of natural gas to Mexico, with volumes reaching an all-time high in July 2019 with 6.2 billion cubic feet per day (bcfd), mainly by pipeline and further supported by the growing presence of the US in liquefied natural gas (LNG) exports.
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Target buyers of Mexico 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 Mexico liquefied natural gas market , including forecasts for subscribers. This country databook contains high-level insights into Mexico liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico - north america liquefied natural gas market size, by application, 2018-2030 (US$M)
Mexico Liquefied Natural Gas Market Outlook Share, 2023 & 2030 (US$M)
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