Planned LNG Market to Reach $58.9 Bn, Globally, by 2030 at 9.9% CAGR

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The industrial segment contributed to the highest market share in 2019

Based on end use, the industrial segment contributed to the highest market share with nearly half of the global planned LNG market share in 2019, and is estimated to maintain its leadership position during the forecast period. This is attributed to increased demand from industrial sector of developed and emerging regions. However, the commercial segment is estimated to generate the fastest CAGR of 10.9% from 2020 to 2030. This is due to growth of the commercial sector in region including Asia-Pacific.

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North America, contributed to the highest market share in 2019

Based on region, North America accounted for the highest share based on revenue, holding for around half of the total share of the global planned LNG market in 2019. This is attributed to increase in natural gas production in this region. However, LAMEA is estimated to portray the fastest CAGR of 20.3% from 2020 to 2030.

Leading market players

• Cheniere Energy, Inc
• Conocophillips Company
• Energy Transfer Lp
• Freeport LNG
• Korea Gas Corporation
• Petróleobrasileiro S.A. (Petrobras)
• Sempra Energy
• Chevron Corporation
• Equinor ASA
• Exxonmobil Corporation
• Gasum OY
• Lng Croatia LLC
• Royal Dutch Shell PLC
• Venture Global LNG

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