U.S. Liquefied Natural Gas Market Size & Outlook
U.S. liquefied natural gas market, 2018-2030 (US$M)
Related Markets
U.S. liquefied natural gas market highlights
- The U.S. liquefied natural gas market generated a revenue of USD 141.5 million in 2023 and is expected to reach USD 290.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 10.8% 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.
Liquefied natural gas market data book summary
| Market revenue in 2023 | USD 141.5 million |
| Market revenue in 2030 | USD 290.6 million |
| Growth rate | 10.8% (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, U.S. accounted for 0.1% 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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U.S. 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 48.98% in 2023. Horizon Databook has segmented the U.S. liquefied natural gas market based on transportation fuel, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. has a well-developed natural gas infrastructure coupled with the presence of established key end-user industries, which are the major demand drivers for growing demand for LNG in the country.
The country has a diverse energy mix, wherein natural gas accounts for the largest share in terms of primary energy production in the country. Policymakers are focusing on developing sustainable energy generation sources, which, in turn, is anticipated to increase the in demand for LNG in the country.
The demand for natural gas for power generation and transportation fuel is witnessing a growth in the country owing to the presence of a well-established gas infrastructure coupled with growing oil & gas industry and augmenting industrial activities.
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Target buyers of U.S. 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 U.S. liquefied natural gas market , including forecasts for subscribers. This country databook contains high-level insights into U.S. liquefied natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. liquefied natural gas market size, by application, 2018-2030 (US$M)
U.S. Liquefied Natural Gas Market Outlook Share, 2023 & 2030 (US$M)
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