UK Liquefied Natural Gas Market Size & Outlook, 2023-2030
UK liquefied natural gas market, 2018-2030 (US$M)
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UK liquefied natural gas market highlights
- The UK liquefied natural gas market generated a revenue of USD 2,914.9 million in 2023 and is expected to reach USD 4,834.7 million by 2030.
- The UK market is expected to grow at a CAGR of 7.5% 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.
Liquefied natural gas market data book summary
| Market revenue in 2023 | USD 2,914.9 million |
| Market revenue in 2030 | USD 4,834.7 million |
| Growth rate | 7.5% (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, UK accounted for 2.5% 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 Europe, Germany liquefied natural gas market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 6,481.1 million by 2030.
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Liquefied Natural Gas Market Scope
Liquefied Natural Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 46.22% in 2023. Horizon Databook has segmented the UK liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
The UK emerged as a significant market for LNG in 2019. It accounted for a share of over 15% in the European LNG demand in the same year. Focus on reducing carbon emissions has emerged as the top priority for policymakers in the UK, which is resulting in the formation of stringent environmental and emission norms.
Key gas turbine manufacturers are focusing on developing turbine units with an enhanced efficiency to compete with the growing renewable sources of power generation which is expected to drive the demand for natural gas in combined cycle gas turbine power plants.
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Target buyers of UK 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 UK liquefied natural gas market , including forecasts for subscribers. This country databook contains high-level insights into UK liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK liquefied natural gas market size, by application, 2018-2030 (US$M)
UK Liquefied Natural Gas Market Outlook Share, 2023 & 2030 (US$M)
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