Global Planned LNG Market - Overall Industry Analysis
Progressive Markets added a report, “Global Planned LNG Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025,” which says that is expected to grow at a CAGR of 5.0% from 2017 to 2025.
Planned LNG refers to expanding the storage and regasification terminal capacities. Liquefied natural gas (LNG) is manufactured by converting natural gas into the liquid state by exposing it to temperatures below -163 degrees centigrade. The production of LNG involves five stages. They include pretreatment, acid gas removal, dehydration, liquefaction, and heavy oil separation. In the first four stages, pollutants such as H2S and CO2, undesirable substances, water, and mercury are removed. Water is removed to prevent ice formation during the heavy oil separation stage. In the last step, natural gas is cooled to -163 to form LNG.
Market Drivers and Restraints
The planned LNG market is growing steadily in the recent years. The factors that are pushing the growth of the market include the technical advancements in the industry and the discovery of new offshore gas reserves. In addition, fluctuations or uncertainty in crude oil supply is fueling the demand for LNG. On the other hand, high cost associated with the storage of LNG and manufacturing of LNG terminals is likely to impede the growth of the market during the forecast period.
Planned LNG Market Key Segmentation:
The planned LNG industry analysis report encompasses the market segmentation by type and geography. Based on the type, the market is classified as liquefaction terminal and regasification terminal. The liquefaction terminal segment is further divided into offshore and onshore. The regasification terminal segment is also divided into offshore and onshore. Based on geography, the planned LNG industry report studies the market across North America, Asia-Pacific, Europe, and LAMEA. The market analysis in the North-American region is covered for the U.S., Canada, and Mexico. The market analysis in the Asia-Pacific region is covered for South Korea, China, Japan, Australia, India, and the rest of Asia-Pacific. The market study in the European region is covered for Germany, UK, Spain, France, Italy, and the other parts of Europe. In the LAMEA region, the market has been analyzed across Brazil, South Africa, Saudi Arabia, and the rest of LAMEA.
- Liquefaction Terminal
- Regasification Terminal
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
The planned LNG market report includes a detailed analysis of the major players operating in the market. They include Emirates LNG LLC, Royal Dutch Shell plc, Freeport LNG Development, Petrleo Brasileiro S.A., Chevron Corporation, Nippon Gas Co. Ltd., Skangass AS, Queensland Gas Co. Ltd., ConocoPhillips Co., and Southern Union Company.
Key Benefits from the Market
The planned LNG market analysis report provides a thorough analysis of the entire industry. The market is explained with the help of planned LNG market size, planned LNG market share, market dynamics, market segmentation, planned LNG market trends, planned LNG industry statistics, Porter’s Five Forces Analysis, planned LNG industry statistics, trends analysis, planned LNG market outlook, planned LNG market forecast, and the key market players. The report analyzes the market size for every segment in the regions mentioned. The market share analysis helps determine how the individual market players are performing as compared to their competitors. The report discusses the demand drivers and the challenges faced by the planned LNG market. The study offers an in-depth analysis of the market along with the current trends and estimations for the future. Information about the emerging market players such as their product and services, recent developments, and financial segments are provided in the study. The Porter’s five forces analysis comprises of the bargaining power of buyers, the bargaining power of suppliers, the threat of substitutes, the threat of new entrants, and industry rivalry.