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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
Large Scale LNG Terminals Industry Segmentation
Liquefied Natural Gas (LNG) terminals are specially designed port terminals intended to load-store, and unload natural gas to various LNG Carrier ships. In other terms, the terminals are used extensively while importing and exporting LNG to multiple destinations around the world. Large-scale LNG terminals include terminals that have a capacity of more than 2 Metric Million Metric Tons Per Annum (MMTPA).
The Large-Scale LNG Terminal Market is segmented into the location of deployment, operation, and geography. By location of deployment, the market is segmented into onshore and offshore. By operation, the market is segmented into liquefaction and regasification. The report also covers the market size and forecasts for the large-scale LNG terminal market across the major regions. For each segment, the market sizing and forecasts is based on the revenue (USD Billion).
| Location of Deployment | |
| Onshore | |
| Offshore |
| Operation | |
| Liquefaction | |
| Regasification |
| Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| South America | |
| Middle East & Africa |
Large Scale LNG Terminals Market Size Summary
The Large-Scale LNG Terminals Market is poised for steady growth, driven by the increasing demand for natural gas as a cleaner energy source compared to crude oil. This demand is primarily fueled by sectors such as power generation, fertilizers, city gas distribution networks, and refineries. Despite the initial setbacks caused by the COVID-19 pandemic, the market has rebounded to pre-pandemic levels. However, challenges such as fluctuating natural gas prices pose risks to the construction of new terminals. The Asia-Pacific region leads the market, with significant liquefaction and regasification terminals in countries like Australia, Indonesia, Malaysia, Japan, South Korea, China, and India. These regions are expected to continue dominating the market due to their substantial infrastructure and growing import capacities.
In Europe, the LNG regasification terminals segment is anticipated to expand, supported by ongoing projects and increasing natural gas consumption. The region's reliance on LNG imports is expected to grow, with several new terminals under construction to enhance capacity. The market is characterized by fragmentation, with key players including TotalEnergies SE, Exxon Mobil Corporation, Shell PLC, Chevron Corporation, and BP PLC. Notable developments include Germany's first floating LNG terminal and China's expansion of its facility in Shanghai. These initiatives reflect the global shift towards securing LNG supplies and reducing dependency on traditional pipeline gas sources, particularly in the context of geopolitical tensions.
Large Scale LNG Terminals Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 List of LNG Terminals by Capacity, and by Location, 2022
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1.3 List of Upcoming Terminals by Capcity and Location
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1.4 CAPEX Forecast for LNG Terminals Market in USD billion, till 2027
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1.5 Recent Trends and Developments
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1.6 Government Policies and Regulations
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1.7 Market Dynamics
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1.7.1 Drivers
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1.7.2 Restraints
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1.8 Supply Chain Analysis
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1.9 Porter's Five Forces Analysis
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1.9.1 Bargaining Power of Suppliers
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1.9.2 Bargaining Power of Consumers
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1.9.3 Threat of New Entrants
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1.9.4 Threat of Substitute Products and Services
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1.9.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Location of Deployment
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2.1.1 Onshore
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2.1.2 Offshore
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2.2 Operation
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2.2.1 Liquefaction
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2.2.2 Regasification
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2.3 Geography
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2.3.1 North America
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2.3.2 Asia-Pacific
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2.3.3 Europe
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2.3.4 South America
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2.3.5 Middle East & Africa
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Large Scale LNG Terminals Market Size FAQs
What is the current Large Scale LNG Terminals Market size?
The Large Scale LNG Terminals Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Large Scale LNG Terminals Market?
Exxon Mobil Corporation, TotalEnergies SE, Shell PLC, BP plc and Chevron Corporation are the major companies operating in the Large Scale LNG Terminals Market.
