LNG as a Fuel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Liquefied Natural Gas (LNG) as a Fuel Market is segmented by Application (Power Generation and Transportation), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa)

LNG as a Fuel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

LNG as a Fuel Market Size

LNG-as-a-Fuel Market Size
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 8.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

LNG-as-a-Fuel Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of LNG as a Fuel Market with other markets in Energy & Power Industry

Oil and Gas

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Emerging Energy Technologies

Energy Storage Technology

LNG as a Fuel Market Analysis

The LNG as a Fuel Market is expected to register a CAGR of greater than 8% during the forecast period.

  • There has been a significant shift in the transportation industry from conventional sources to a much cleaner and affordable sources, such as LNG, in recent years. In countries, such as China, the growth of LNG-based vehicles from 2012 to 2018 amounts to over 600%.
  • Asia-Pacific is expected to be the fastest-growing market in the forecast period, mainly due to increased focus on a shift toward cleaner fuel for both energy generation and transportation.
  • With worldwide increased focus on energy generation from cleaner fuels and increase in LNG based vehicles, the market is expected to grow in the forecasted period. The major market includes countries, such as the United States and China, etc.

LNG as a Fuel Industry Overview

The LNG as a fuel market is moderately consolidated with some of the major companies holding a major share of the market. Some key players are Chevron Corporation, Exxon Mobil Corporation, Royal Dutch Shell PLC, Total SA, BP PLC, and Petro China.

LNG as a Fuel Market Leaders

  1. Royal Dutch Shell Plc

  2. Total S.A.

  3. BP Plc

  4. Exxon Mobil Corporation

  5. Chevron Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Royal Dutch Shell Plc, Total S.A., BP Plc, Exxon Mobil Corporation, Chevron Corporation
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LNG as a Fuel Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2025
  • 4.3 LNG Export and Import in BCM, by Major Countries, 2018
  • 4.4 LNG Trade Volumes, 2010-2018
  • 4.5 LNG Exports and Market Share in MT, by Major Countries, 2018
  • 4.6 Recent Trends and Developments
  • 4.7 Market Dynamics
    • 4.7.1 Drivers
    • 4.7.2 Restraints
  • 4.8 Supply Chain Analysis
  • 4.9 Porter's Five Forces Analysis
    • 4.9.1 Bargaining Power of Suppliers
    • 4.9.2 Bargaining Power of Consumers
    • 4.9.3 Threat of New Entrants
    • 4.9.4 Threat of Substitutes Products and Services
    • 4.9.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Application
    • 5.1.1 Transportation
    • 5.1.1.1 Market Overview
    • 5.1.1.2 LNG as a Bunkering Fuel Demand Forecast, till 2025
    • 5.1.1.3 Number of LNG-fired Ships in Operation and on Order, as of 2019
    • 5.1.1.4 Major LNG Bunkering Facilities around the World, as of 2019
    • 5.1.2 Power Generation
    • 5.1.2.1 Market Overview
    • 5.1.2.2 Key LNG fired Power Generation Power Plants, as of 2019
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.2 Europe
    • 5.2.3 Asia-Pacific
    • 5.2.4 South America
    • 5.2.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Chevron Corporation
    • 6.3.2 Exxon Mobil Corporation
    • 6.3.3 Royal Dutch Shell PLC
    • 6.3.4 Total SA
    • 6.3.5 BP PLC
    • 6.3.6 China National Petroleum Corporation
    • 6.3.7 Conoco Philips
    • 6.3.8 Eni SpA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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LNG as a Fuel Industry Segmentation

The LNG as a fuel market report include:

Application Transportation Market Overview
LNG as a Bunkering Fuel Demand Forecast, till 2025
Number of LNG-fired Ships in Operation and on Order, as of 2019
Major LNG Bunkering Facilities around the World, as of 2019
Power Generation Market Overview
Key LNG fired Power Generation Power Plants, as of 2019
Geography North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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LNG as a Fuel Market Research FAQs

What is the current LNG as a Fuel Market size?

The LNG as a Fuel Market is projected to register a CAGR of greater than 8% during the forecast period (2025-2030)

Who are the key players in LNG as a Fuel Market?

Royal Dutch Shell Plc, Total S.A., BP Plc, Exxon Mobil Corporation and Chevron Corporation are the major companies operating in the LNG as a Fuel Market.

Which is the fastest growing region in LNG as a Fuel Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in LNG as a Fuel Market?

In 2025, the Asia Pacific accounts for the largest market share in LNG as a Fuel Market.

What years does this LNG as a Fuel Market cover?

The report covers the LNG as a Fuel Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the LNG as a Fuel Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

LNG-as-a-Fuel Industry Report

Statistics for the 2025 LNG as a Fuel market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. LNG as a Fuel analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.