The Liquefied Natural Gas Market is Expected to Reach USD 196.4 Million by 2019, Expanding at a CAGR of 2.8% Between 2013 and 2019 - Online Available at MarketResearchReports.biz
ALBANY, New York, August 11, 2014 /PRNewswire/ --
New market report "Liquefied Natural Gas Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019." The report analyzes and forecasts the liquefied natural gas market in terms of volume and revenue. According to the report, the liquefied natural gas market was valued at USD 161.4 million in 2012 and is expected to reach USD 196.4 million by 2019, expanding at a CAGR of 2.8% between 2013 and 2019.
The liquefied natural gas market report by Transparency Market Research provides an in-depth analysis of the global liquefied natural gas industry. The report segments the market on the basis of end-users and regions, and also provides forecasts and estimates for each end-user. The report analyzes demand and supply characteristics of the market by providing a detailed forecast and analysis of volume and revenue for the period from 2013 to 2019.
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Liquefied natural gas market primarily comprises three end-users: industrial sector, electric power and others. Industrial sector is anticipated to be one of the most dominant sectors in terms of demand for LNG. Various industries such as plastics, fertilizers and chemicals use LNG to run different processes. It is the preferred fuel for industrial sector in many parts of the world due to low carbon intensity and negligible emissions as compared to coal and oil. Many countries have enforced strict regulations to use cleaner fuel and power sources in industries in order to reduce greenhouse gas emissions. Transition from conventional fuels to LNG can help industries save significant capital and reap all the associated economic and environmental benefits. Demand for LNG in the electric power sector is high due to global warming awareness and high demand for electricity. LNG is more economical and environment-friendly than traditional fuels such as coal and diesel.
It also holds an added advantage of having a long-term fixed pricing structure. LNG has established itself as a suitable alternative to diesel in the electric power generation market. High calorific value of LNG in comparison to charcoal and hard coal makes it a prominent fuel in the power generation market. Other sectors such as transportation and commercial are also the major consumers of LNG. Rising fuel prices and depleting natural oil and gas reserves are driving the demand for cleaner and green fuels. Conventional fuels such as diesel and petrol emit high amount of COx on combustion. This raises the overall carbon footprint. However, LNG is comparatively cleaner and emits less COx and SOx.
Asia Pacific, Europe, and Rest of the World (RoW) are the major geographical areas covered in the report. Each geographical region has been segmented further on the basis of technology. Volume forecasts and estimates for each segment have been provided for the period from 2013 to 2019.
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Liquefied Natural Gas Market: End-user Analysis
- Electric power
Liquefied Natural Gas Market: Regional Analysis
- Asia Pacific
- Rest of the World (RoW)
Table of Contents
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
Chapter 2 Executive Summary
Chapter 3 Liquefied Natural Gas Market - Industry Analysis
3.2 Market Drivers
3.3 Market Restraints
3.4 Market Opportunities
3.4.1 LNG for Power Generation
3.5 Value Chain Analysis
3.6 Porter's Five Forces Analysis
3.7 Market Attractive Analysis
Chapter 4 LNG Market - End-User Analysis
4.1 LNG Market: End-User Overview
4.1.1 Global LNG Market Volume Share, by End-User, 2012 & 2019
4.3 Electric Power
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