North America Liquefied Natural Gas Market Size & Outlook
North America liquefied natural gas market, 2018-2030 (US$M)
Related Markets
North America liquefied natural gas market highlights
- The North America liquefied natural gas market generated a revenue of USD 676.8 million in 2023.
- The market is expected to grow at a CAGR of 5% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 676.8 million |
| Market revenue in 2030 | USD 954.1 million |
| Growth rate | 5% (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, North America region accounted for 0.6% 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 |
|---|
North 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 46.69% in 2023. Horizon Databook has segmented the North America liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico accounted for the highest demand followed by U.S. in North America region and is projected to register highest growth rate during the forecast period. U.S. has presence of shale gas reserves and increasing government focus on developing clean energy sources in U.S. energy mix is driving the high demand for LNG.
Conventional power generation fossil fuel is expected to lose its market share to natural gas-based power generation owing to the presence of agencies such as Environmental Protection Agency (EPA), which enforce stringent regulations in North America which focuses on reduction in green-house gas emission. All these factors are expected to propel the demand for LNG in the North America region.
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Target buyers of North 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 North America liquefied natural gas market , including forecasts for subscribers. This continent databook contains high-level insights into North America liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America liquefied natural gas market size, by country, 2018-2030 (US$M)
North America Liquefied Natural Gas Market Outlook Share, 2023 & 2030 (US$M)
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