Accessibility Statement Skip Navigation
  • Resources
  • Investor Relations
  • Journalists
  • Agencies
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • English-only
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business & Money
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

      • In-Language News

      • Arabic
      • español
      • português
      • Česko
      • Danmark
      • Deutschland
      • España
      • France
      • Italia
      • Nederland
      • Norge
      • Polska
      • Portugal
      • Россия
      • Slovensko
      • Suomi
      • Sverige
  • Explore Our Platform
  • Plan Campaigns
  • Create with AI
  • Distribute Press Releases
  • Report Results
  • Amplify Content
  • All Products
  • General Inquiries
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • Hamburger menu
  • PR Newswire: news distribution, targeting and monitoring
  • Send a Release
    • ALL CONTACT INFO
    • Contact Us

      888-776-0942
      from 8 AM - 10 PM ET

  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS
  • Explore Our Platform
  • Plan Campaigns
  • Create with AI
  • Distribute Press Releases
  • Report Results
  • Amplify Content
  • All Products
  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS
  • General Inquiries
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS

Liquefied Petroleum Gas (LPG) Market size to grow by USD 61.19 billion from 2022 to 2027, Driven by the rising need for cleaner fuel - Technavio

Technavio Logo

News provided by

Technavio

Mar 23, 2023, 10:30 ET

Share this article

Share toX

Share this article

Share toX

NEW YORK, March 23, 2023 /PRNewswire/ -- The global liquefied petroleum gas (LPG) market size is estimated to increase by USD 61.19 billion from 2022 to 2027. The market's growth momentum will progress at a CAGR of 3.81% during the forecast period. The rising need for cleaner fuel is significantly driving market growth, and technological advances to make the use of LPG convenient and cost-effective are emerging trends in the market.

Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report

Continue Reading
Technavio has announced its latest market research report titled Global Liquefied Petroleum Gas (LPG) Market 2023-2027
Technavio has announced its latest market research report titled Global Liquefied Petroleum Gas (LPG) Market 2023-2027

What's New? -

  • Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
  • Global competitiveness and key competitor positions
  • Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Liquefied Petroleum Gas (LPG) Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on source (natural gas liquid and crude oil), end-user (residential, petrochemical, industrial and commercial, transport, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

  • The market share growth of the natural gas liquid segment is significant for the growth of the global LPG market during the forecast period. Liquefied Petroleum Gas is derived from natural gas liquid (NGL). It is a clean and effective energy source used for transportation, industrial applications, cooking, and heating. Demand for NGL has increased as a result of the growing demand for LPG, particularly in the residential market. The NGL production and refining capacity also needs to be increased, as well as the creation of new extraction technologies to meet the increasing demand. Hence, the development of new extraction and refining technologies, along with the expanding availability of NGL and augmentation in demand for the NGL segment, is anticipated to drive the growth of the market during the forecast period.

Geography Overview

By geography, the global liquefied petroleum gas (LPG) market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global liquefied petroleum gas (LPG) market.

  • APAC is estimated to contribute to 42% of the global LPG market growth during the forecast period. The growth can be attributed to factors such as the increasing demand for LPG from sectors such as residential and petrochemical. China, India, and Japan are the major contributing countries to the LPG market in the APAC region. The companies with production bases in Taiwan and South Korea have switched to LPG as feedstock. This is because the products compete on a marginal basis with naphtha. Approximately 58% of all US propane shipments traveled to Asian countries between April and November 2020. Hence, factors such as rising urbanization, a growing middle-class population, and pro-user government policies are expected to drive market growth during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Global Liquefied petroleum gas (LPG) market – Vendor Analysis
Vendor Landscape - The global liquefied petroleum gas (LPG) market is fragmented with the presence of several global as well as regional vendors. A few prominent vendors that offer liquefied petroleum gas (LPG) in the market are Abu Dhabi National Oil Co., Air Liquide SA, Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., Exxon Mobil Corp., Hindustan Petroleum Corp. Ltd., Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., Kuwait Petroleum Corp., OQ SAOC, Reliance Industries Ltd., Repsol SA, Saudi Arabian Oil Co., Shell plc, SHV Holdings, Sinopec Shanghai Petrochemical Co. Ltd., TotalEnergies SE, UGI Corp., and Valero Energy Corp. and others.

Vendor Offerings -

  • Abu Dhabi National Oil Co. - The company offers Liquified Petroleum Gas (LPG) through its subsidiary ADNOC Distribution.
  • Air Liquide SA - The company offers Liquified Petroleum Gas (LPG) for forklifts, heating, and cutting.
  • Bharat Petroleum Corp. Ltd. - The company offers Liquified Petroleum Gas (LPG) under its brand Bharatgas.
  • For details on the vendor and its offerings – Request a sample report

Liquefied Petroleum Gas (LPG) Market – Market Dynamics

Leading Drivers - 

The rising need for cleaner fuel is driving the Liquefied Petroleum Gas (LPG) market growth during the forecast period. LPG is a clean and effective fuel becoming more and more acknowledged with the rising demand for cleaner energy. By 2025, it is anticipated that the demand for clean energy sources will increase to over 120 million tons, driving market growth. The residential sector is expected to be a major driver of the growth since consumers look for cleaner and more effective energy solutions for their homes. The movement to use cleaner fuels for vehicles continues to gain traction. Hence, the transportation sector is also anticipated to adopt LPG in increasing numbers. Thus, factors like the increasing demand for cleaner fuel in the residential as well as transportation sectors are anticipated to drive the market growth of the LPG market during the forecast period.

Key Trends - 

Technological advances to make use of LPG convenient and cost-effective is a leading trend in the Liquefied Petroleum Gas (LPG) market. LPG is being acknowledged as an efficient, easily accessible, and tradable fuel across the world. Several technological developments are carried out globally to make the use of LPG convenient and cost-effective. For instance, in 2018, 12 white papers were submitted, which included developments such as a new type of co-generation technology. The technology is designed particularly for light-commercial and residential markets by Enviro Power. The technology is affordable, easy to install and maintain, cost-efficient, provides backup power and generates electricity with a smaller carbon footprint when compared to electricity from the US grid. Hence, technological developments to make LPG cost-effective are a leading trend that drives demand for the market in focus during the forecast period.

Major challenges - 

The availability of alternative fuels for residential end-user is a major challenge that may impede market growth during the forecast period. Currently, a sizable portion of the population, particularly in developing nations, views conventional fuels like kerosene, charcoal, coal, wood, animal dung, and rice husks, which are available for sale in small affordable quantities, as viable, accessible, and affordable alternatives. Consumers in developing nations hesitate to bear the cost of refilling LPG and prefer to use traditional fuels over LPG. Piped CNG and LNG are the other modern alternative options. Piped natural gases provide a continuous supply of gas to customers. Moreover, consumers are relieved of the hassles of booking, refilling, and replacing bulky LPG cylinders. Hence, the availability of various alternative fuel options will hinder the growth of the market during the forecast period.

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this Liquefied Petroleum Gas (LPG) Market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the Liquefied Petroleum Gas (LPG) market between 2023 and 2027
  • Precise estimation of the size of the Liquefied Petroleum Gas (LPG) market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the Liquefied Petroleum Gas (LPG) market across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of Liquefied Petroleum Gas (LPG) market vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

The predicted growth of the liquefied petroleum gas (LPG) cylinder market size from 2021 to 2026 is USD 610.4 million at a progressing CAGR of 6.3%. One of the major factors driving growth in the liquefied petroleum gas (LPG) cylinder market is the growing use of LPG in many applications.

The butane market size is expected to increase by USD 12.75 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.45%. The rising demand for LPG will drive the butane market growth during 2021-2025.

Liquefied Petroleum Gas (LPG) Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.81%

Market growth 2023-2027

USD 61.19 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.4

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 42%

Key countries

US, China, India, Japan, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Abu Dhabi National Oil Co., Air Liquide SA, Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., Exxon Mobil Corp., Hindustan Petroleum Corp. Ltd., Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., Kuwait Petroleum Corp., OQ SAOC, Reliance Industries Ltd., Repsol SA, Saudi Arabian Oil Co., Shell plc, SHV Holdings, Sinopec Shanghai Petrochemical Co. Ltd., TotalEnergies SE, UGI Corp., and Valero Energy Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio Energy Market reports

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Source
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global liquefied petroleum gas (LPG) market 2017 - 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global liquefied petroleum gas (LPG) market 2017 - 2021 ($ billion)
  • 4.2 Source Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Source Segment 2017 - 2021 ($ billion)
  • 4.3 End-user Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Source

  • 6.1 Market segments
    • Exhibit 30: Chart on Source - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Source - Market share 2022-2027 (%)
  • 6.2 Comparison by Source
    • Exhibit 32: Chart on Comparison by Source
    • Exhibit 33: Data Table on Comparison by Source
  • 6.3 Natural gas liquid - Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Natural gas liquid - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 35: Data Table on Natural gas liquid - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 36: Chart on Natural gas liquid - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Natural gas liquid - Year-over-year growth 2022-2027 (%)
  • 6.4 Crude oil - Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Crude oil - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 39: Data Table on Crude oil - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 40: Chart on Crude oil - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Crude oil - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Source 
    • Exhibit 42: Market opportunity by Source ($ billion)

7 Market Segmentation by End-user

  • 7.1 Market segments
    • Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
    • Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)
  • 7.2 Comparison by End-user 
    • Exhibit 45: Chart on Comparison by End-user
    • Exhibit 46: Data Table on Comparison by End-user
  • 7.3 Residential - Market size and forecast 2022-2027 
    • Exhibit 47: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 48: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 49: Chart on Residential - Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Residential - Year-over-year growth 2022-2027 (%)
  • 7.4 Petrochemical - Market size and forecast 2022-2027 
    • Exhibit 51: Chart on Petrochemical - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 52: Data Table on Petrochemical - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 53: Chart on Petrochemical - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Petrochemical - Year-over-year growth 2022-2027 (%)
  • 7.5 Industrial and commercial - Market size and forecast 2022-2027 
    • Exhibit 55: Chart on Industrial and commercial - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 56: Data Table on Industrial and commercial - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 57: Chart on Industrial and commercial - Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Industrial and commercial - Year-over-year growth 2022-2027 (%)
  • 7.6 Transport - Market size and forecast 2022-2027 
    • Exhibit 59: Chart on Transport - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 60: Data Table on Transport - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 61: Chart on Transport - Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Transport - Year-over-year growth 2022-2027 (%)
  • 7.7 Others - Market size and forecast 2022-2027 
    • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
  • 7.8 Market opportunity by End-user 
    • Exhibit 67: Market opportunity by End-user ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 71: Chart on Geographic comparison
    • Exhibit 72: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2022-2027 
    • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.4 North America - Market size and forecast 2022-2027 
    • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.5 Europe - Market size and forecast 2022-2027 
    • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027 
    • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 China - Market size and forecast 2022-2027 
    • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.9 US - Market size and forecast 2022-2027 
    • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.10 India - Market size and forecast 2022-2027 
    • Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)
  • 9.11 Japan - Market size and forecast 2022-2027 
    • Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
  • 9.12 Germany - Market size and forecast 2022-2027 
    • Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 113: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
    • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
    • Exhibit 116: Overview on factors of disruption
  • 11.4 Industry risks
    • Exhibit 117: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered
    • Exhibit 118: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 119: Matrix on vendor position and classification
  • 12.3 Abu Dhabi National Oil Co. 
    • Exhibit 120: Abu Dhabi National Oil Co. - Overview
    • Exhibit 121: Abu Dhabi National Oil Co. - Product / Service
    • Exhibit 122: Abu Dhabi National Oil Co. - Key offerings
  • 12.4 Air Liquide SA
    • Exhibit 123: Air Liquide SA - Overview
    • Exhibit 124: Air Liquide SA - Business segments
    • Exhibit 125: Air Liquide SA - Key news
    • Exhibit 126: Air Liquide SA - Key offerings
    • Exhibit 127: Air Liquide SA - Segment focus
  • 12.5 Bharat Petroleum Corp. Ltd. 
    • Exhibit 128: Bharat Petroleum Corp. Ltd. - Overview
    • Exhibit 129: Bharat Petroleum Corp. Ltd. - Product / Service
    • Exhibit 130: Bharat Petroleum Corp. Ltd. - Key offerings
  • 12.6 BP Plc
    • Exhibit 131: BP Plc - Overview
    • Exhibit 132: BP Plc - Business segments
    • Exhibit 133: BP Plc - Key offerings
    • Exhibit 134: BP Plc - Segment focus
  • 12.7 Chevron Corp.
    • Exhibit 135: Chevron Corp. - Overview
    • Exhibit 136: Chevron Corp. - Business segments
    • Exhibit 137: Chevron Corp. - Key news
    • Exhibit 138: Chevron Corp. - Key offerings
    • Exhibit 139: Chevron Corp. - Segment focus
  • 12.8 Exxon Mobil Corp.
    • Exhibit 140: Exxon Mobil Corp. - Overview
    • Exhibit 141: Exxon Mobil Corp. - Business segments
    • Exhibit 142: Exxon Mobil Corp. - Key news
    • Exhibit 143: Exxon Mobil Corp. - Key offerings
    • Exhibit 144: Exxon Mobil Corp. - Segment focus
  • 12.9 Hindustan Petroleum Corp. Ltd. 
    • Exhibit 145: Hindustan Petroleum Corp. Ltd. - Overview
    • Exhibit 146: Hindustan Petroleum Corp. Ltd. - Business segments
    • Exhibit 147: Hindustan Petroleum Corp. Ltd. - Key offerings
    • Exhibit 148: Hindustan Petroleum Corp. Ltd. - Segment focus
  • 12.10 Idemitsu Kosan Co. Ltd. 
    • Exhibit 149: Idemitsu Kosan Co. Ltd. - Overview
    • Exhibit 150: Idemitsu Kosan Co. Ltd. - Business segments
    • Exhibit 151: Idemitsu Kosan Co. Ltd. - Key offerings
    • Exhibit 152: Idemitsu Kosan Co. Ltd. - Segment focus
  • 12.11 Indian Oil Corp. Ltd. 
    • Exhibit 153: Indian Oil Corp. Ltd. - Overview
    • Exhibit 154: Indian Oil Corp. Ltd. - Business segments
    • Exhibit 155: Indian Oil Corp. Ltd. - Key offerings
    • Exhibit 156: Indian Oil Corp. Ltd. - Segment focus
  • 12.12 Kuwait Petroleum Corp. 
    • Exhibit 157: Kuwait Petroleum Corp. - Overview
    • Exhibit 158: Kuwait Petroleum Corp. - Product / Service
    • Exhibit 159: Kuwait Petroleum Corp. - Key offerings
  • 12.13 OQ SAOC
    • Exhibit 160: OQ SAOC - Overview
    • Exhibit 161: OQ SAOC - Product / Service
    • Exhibit 162: OQ SAOC - Key offerings
  • 12.14 Repsol SA
    • Exhibit 163: Repsol SA - Overview
    • Exhibit 164: Repsol SA - Product / Service
    • Exhibit 165: Repsol SA - Key offerings
  • 12.15 Saudi Arabian Oil Co. 
    • Exhibit 166: Saudi Arabian Oil Co. - Overview
    • Exhibit 167: Saudi Arabian Oil Co. - Product / Service
    • Exhibit 168: Saudi Arabian Oil Co. - Key offerings
  • 12.16 Shell plc
    • Exhibit 169: Shell plc - Overview
    • Exhibit 170: Shell plc - Business segments
    • Exhibit 171: Shell plc - Key news
    • Exhibit 172: Shell plc - Key offerings
    • Exhibit 173: Shell plc - Segment focus
  • 12.17 TotalEnergies SE
    • Exhibit 174: TotalEnergies SE - Overview
    • Exhibit 175: TotalEnergies SE - Business segments
    • Exhibit 176: TotalEnergies SE - Key news
    • Exhibit 177: TotalEnergies SE - Key offerings
    • Exhibit 178: TotalEnergies SE - Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 179: Inclusions checklist
    • Exhibit 180: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 181: Currency conversion rates for US$
  • 13.4 Research methodology
    • Exhibit 182: Research methodology
    • Exhibit 183: Validation techniques employed for market sizing
    • Exhibit 184: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 185: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

21%

more press release views with 
Request a Demo

Modal title

Contact PR Newswire

  • Call PR Newswire at 888-776-0942
    from 8 AM - 9 PM ET
  • Chat with an Expert
  • General Inquiries
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices

Products

  • For Marketers
  • For Public Relations
  • For IR & Compliance
  • For Agency
  • All Products

About

  • About PR Newswire
  • About Cision
  • Become a Publishing Partner
  • Become a Channel Partner
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Italy
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United Kingdom
  • Vietnam

My Services

  • All New Releases
  • Platform Login
  • ProfNet
  • Data Privacy

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Platform Login
  • ProfNet
Call PR Newswire at
888-776-0942
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookies
Copyright © 2026 Cision US Inc.