Market Size of India LNG Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 8.00 % |
| Market Concentration | Medium |
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?
India LNG Market Analysis
The India LNG market is projected to register a CAGR of over 8% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has now reached pre-pandemic levels.
- Increasing demand for gas power generation and a rising number of LNG-fueled fleets are expected to drive the India LNG market during the forecast period.
- However, LNG oversupply and trade tension is expected to hamper the market growth during the forecast period.
- A high number of LNG regasification project plans are expected to be proposed in upcoming years, creating several opportunities for the market players, thus, making an emerging LNG market.
