Market Size of Large Scale LNG Terminals Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Large Scale LNG Terminals Market Analysis
The Large-Scale LNG Terminals Market is expected to record a CAGR of approximately 5% during the forecast period.
The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.
- Natural gas is a cleaner fuel than crude oil, helps to reduce air pollution, and thereby helps in reducing air-spread diseases that get spread through multiple toxic macro particles. On the other hand, trading takes place on the ground of requirements. The power, fertilizers, city gas distribution networks, and refineries majorly drive the liquefied natural gas market within a country.
- However, fluctuating natural gas price increases the risk associated with large-scale LNG terminal construction and, therefore, is expected to hinder the market's growth.
- The supply imbalance in the region would result in increased dependency on the other regions, which is expected to create an opportunity for the LNG terminal companies.
- The Asia-Pacific is dominating the large-scale LNG terminals market with the presence of both liquefaction and regasification terminals. Australia, Indonesia, and Malaysia have the highest capacity liquefaction terminals, while Japan, South Korea, China, and India have the highest capacity infrastructure for the regasification of LNG.
