What Fueled The Previous Growth In The Liquefied Natural Gas LNG Infrastructure Market?
The liquefied natural gas lng infrastructure market has seen considerable growth due to a variety of factors.
• The market size for infrastructure related to liquefied natural gas (LNG) has experienced substantial growth lately. It's projected to increase from $64.85 billion in 2024 to a staggering $74.52 billion in 2025, with a compound annual growth rate (CAGR) of 14.9%.
This significant growth in the past period has been due to a surge in the demand for natural gas, an expansion in global commerce, advancements in technology, regulatory assistance, and geopolitical influences.
What Can Be Expected from the Liquefied Natural Gas LNG Infrastructure Market Size?
The liquefied natural gas lng infrastructure market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the infrastructure for liquefied natural gas (LNG) is anticipated to witness substantial expansion in the upcoming years, rising to $128.22 billion by 2029, with a compound annual growth rate (CAGR) of 14.5%.
The projected increase in the given time frame can be credited to factors such as rise in LNG bunkering for marine transport, proliferation of small-scale LNG applications, burgeoning demand for LNG as a vehicle fuel for heavy-duty vehicles, swift growth of floating LNG (FLNG) facilities, and an increase in LNG-based power generation plants. Significant trends for the forecast period encompass the inclusion of renewable energy resources in LNG facilities, optimization of digital technologies to boost efficiency and safety, emergence of new markets for LNG import and export, escalating investment in LNG liquefaction capabilities, and emergence of pioneering liquefaction and regasification technologies.
What Are the Critical Driver Fuelling The Liquefied Natural Gas LNG Infrastructure Market's Growth?
The liquefied natural gas (LNG) infrastructure market is poised for growth due to an increasing need for electricity generation. This is an energy conversion process which transforms various energy forms into electrical energy. The surge in electricity demand can be attributed to the widespread use of electronic gadgets and machines, alongside a heightened preference for electric heating systems and air cooling, which requires more generation of electricity. LNG infrastructure offers a flexible natural gas trading and pricing system, enabling consumers to respond to fluctuating market scenarios and capitalize on price differentials. This adaptability could trigger demand, rendering natural gas a better alternative compared to other energy sources. For example, the International Energy Agency, a France-based government agency, reported in October 2024 that total net electricity production in the OECD surged to 996.1 TWh in July 2024, reflecting a 2.6% increase from July 2023. As such, the mounting demand for electricity generation is spearheading the growth of the liquefied natural gas (LNG) infrastructure market.
How Is The Liquefied Natural Gas LNG Infrastructure Market segmented?
The liquefied natural gas (LNG) infrastructure market covered in this report is segmented –
1) By Type: Production Infrastructure, Transportation Infrastructure, Regasification Infrastructure, Distribution Infrastructure, Storage Facilities, Other Types
2) By Production: Liquefaction Plants, Natural Gas Processing Facilities, LNG Storage Tanks, Others
3) By Distribution: Pipeline Networks, Virtual Pipeline Solutions
4) By End User Industry: Heavy-Duty Vehicles, Electric Power Generation, Marine Transport
Subsegments:
1) By Production Infrastructure: Liquefaction Plants, Modular LNG Plants, Floating LNG (FLNG) Units
2) By Transportation Infrastructure: LNG Carriers, LNG Bunkering Vessels, LNG Trucks, LNG Railcars, Pipelines for LNG Transport
3) By Regasification Infrastructure: Onshore Regasification Terminals, Floating Storage Regasification Units (FSRUs), Regasification Plants, Regasification Systems
4) By Distribution Infrastructure: LNG Distribution Stations, LNG Delivery Trucks, LNG Depots, Distribution Networks (Pipeline Or Other Delivery Systems)
5) By Storage Facilities: LNG Storage Tanks (Onshore), Offshore Storage Facilities, Floating Storage Units (FSUs), Underground LNG Storage
6) By Other Types: Small-scale LNG Infrastructure, Integrated LNG Solutions, LNG Supply Chain Optimization Technology, LNG Fuels For Transportation And Industry
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How Are New Trends Impacting The Size Of The Liquefied Natural Gas LNG Infrastructure Market?
Main operators in the liquefied natural gas (LNG) infrastructure sector are concentrating their efforts on new LNG initiatives such as the Port Arthur LNG project to enhance the growth and progress of the natural gas business. Port Arthur LNG project is a significant infrastructural growth, designed to enhance LNG activities, generate employment, stimulate economic expansion, and add to the energy security of the U.S. In March 2023, for example, U.S.-based energy infrastructure firm Sempra initiated the Port Arthur LNG project, a state-of-the-art liquefaction facility that is anticipated to supply ample, clean, dependable, and cost-effective natural gas to international markets. The proposed initiative encompasses two natural gas liquefaction train systems and storage tanks for LNG, along with related facilities capable of nearly 13.5 Mtpa of LNG production, allowing an approximate long-term export of 11 Mtpa of LNG. Furthermore, there have been experimental design modifications to minimize the overall emissions of suggested LNG projects, which includes electric drives, sourcing renewable power, and other innovative technological solutions.
Who Are the Key Players In The Liquefied Natural Gas LNG Infrastructure Market?
Major companies operating in the liquefied natural gas (LNG) infrastructure market are:
• Chevron Corporation
• China Harbour Engineering Company
• Petronas Ltd.
• Vinci SA
• Cheniere Energy Inc.
• Linde plc
• Samsung C&T Corporation
• Mitsubishi Heavy Industries (MHI)
• Bechtel Corporation
• INPEX Corporation
• Woodside
• Novatek
• Gazprom International Limited
• Rosneft
• Fluor Corporation
• Anadarko Petroleum Corporation
• Saipem S.p.A.
• John Wood Group PLC
• Technip Energies
• TechnipFMC
• KBR Inc.
• Black & Veatch
• Chiyoda Corporation
• JGC Holdings Corporation
• Petrofac Limited
• Royal HaskoningDHV
• Worley India Pvt. Ltd.
• National Iranian Oil Company
• McDermott International
• SENER
What Is The Most Dominant Region In The Liquefied Natural Gas LNG Infrastructure Market?
Asia-Pacific was the largest region in the liquefied natural gas (LNG) infrastructure market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquefied natural gas (LNG) infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
