Market Size of Global LNG Liquefaction Terminals Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
LNG Liquefaction Terminals Market Analysis
The global LNG liquefaction terminals market is expected to grow at a CAGR of more than 6% in the forecast period (2022-2027). During the Covid-19 pandemic, due to lockdown and cross-border restrictions, there were limitations on the movement of the workforce and the supply of goods & raw materials across the globe. Furthermore, the lockdown resulted in lower demand for LNG from its end user, as all facilities were shut down during the pandemic. Factors such as a significant rise in demand for natural gas are expected to drive the LNG liquefaction terminals market. However, the volatility in natural gas prices is expected to restrain the market during the forecast period.
- Significant demand for the rising demand for LNG in bunkering, road transportation, and off-grid power is expected to drive the LNG liquefaction terminals market.
- The rising investment in small-scale and mid-scale LNG liquefaction terminals is expected to present a significant opportunity for the LNG liquefaction terminals market during the forecast period. These small-scale and mid-scale LNG liquefaction terminals require significantly lower capital investment than mega LNG projects, resulting in higher investment in small-scale and mid-scale LNG liquefaction terminals.
- Middle-East and Africa dominates the liquefaction terminals market. Due to rising demand for the LGN worldwide, the investment in LNG liquefaction terminals has increased in the region.
