Market Size of Canada LNG Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada LNG Market Analysis
The Canadian LNG market is expected to register a CAGR of over 4% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.
- Over the medium term, the upcoming LNG projects and growing demand for gas power generation are expected to drive the growth of the market studied.
- On the other hand, the growth of renewable energy in the nation is expected to hamper the growth of Canada's LNG market during the forecast period.
- Nevertheless, as developing nations phase out coal power plants, natural gas demand increases will likely create lucrative growth opportunities for the Canadian LNG market during the forecast period.
