Market Size of United States LNG Infrastructure Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 42.85 Billion |
| Market Size (2029) | USD 58.11 Billion |
| CAGR (2024 - 2029) | 6.28 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United States LNG Infrastructure Market Analysis
The United States LNG Infrastructure Market size is estimated at USD 42.85 billion in 2024, and is expected to reach USD 58.11 billion by 2029, growing at a CAGR of 6.28% during the forecast period (2024-2029).
- Over the medium term, factors such as the growing uses of natural gas in various sectors, such as power generation, to have lower carbon emissions for a cleaner environment are expected to drive the market during the forecast period. Moreover, the United States became a net LNG exporter in 2017, owing to an abundance of shale gas, which led to increased investments in export facilities, in turn promulgating the demand for LNG infrastructure in the country.
- On the other hand, volatile natural gas prices led to decreased exports, and a glut of LNG is expected to hinder market growth.
- Nevertheless, as per the Energy Information Administration (EIA), non-OECD Asian countries like China, India, Bangladesh, Thailand, and Vietnam are expected to consume 120 billion cubic feet per day (bcf/d) of natural gas by 2050, outpacing regional natural gas production by 50 bcf/d. Hence, the United States is expected to be a major exporter of natural gas to these countries, creating major opportunities for the market players.
