UAE Liquefied Natural Gas Market Size & Outlook, 2023-2030
UAE liquefied natural gas market, 2018-2030 (US$M)
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UAE liquefied natural gas market highlights
- The UAE liquefied natural gas market generated a revenue of USD 277.8 million in 2023 and is expected to reach USD 576.6 million by 2030.
- The UAE market is expected to grow at a CAGR of 11% 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 277.8 million |
| Market revenue in 2030 | USD 576.6 million |
| Growth rate | 11% (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, UAE accounted for 0.2% 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 Middle East & Africa, Saudi Arabia liquefied natural gas market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 576.6 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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UAE 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 42.33% in 2023. Horizon Databook has segmented the UAE liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
UAE market for LNG is projected to grow at a CAGR 7.9% during 2020-2030 in terms of volume, due to the reduction in supply of domestic natural gas, execution of government strategies supportive adoption of LNG based power generation and shift towards use of cleaner energy.
In 2019, LNG was frequently consumed for power generation in natural gas-based power plants, and large petro chemical and iron and steel industries. Growing urbanization and rising industrialization are anticipated to positively provide stimulus to the UAE LNG market during the forecast period.
Abu Dhabi and Dubai dominated UAE LNG market in 2019, on the back of growing use of LNG for addressing primary power needs. These regions are also one of the highest per capita electricity consumers in the world.
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Target buyers of UAE 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 UAE liquefied natural gas market , including forecasts for subscribers. This country databook contains high-level insights into UAE liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UAE liquefied natural gas market size, by application, 2018-2030 (US$M)
UAE Liquefied Natural Gas Market Outlook Share, 2023 & 2030 (US$M)
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