Global LNG-as-a-fuel Market 2022-2026

Global LNG-as-a-fuel Market 2022-2026

Technavio has been monitoring the LNG-as-a-fuel market and it is poised to grow by $ 59.22 bn during 2022-2026 progressing at a CAGR of 5.45% during the forecast period. Our report on the LNG-as-a-fuel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by rise in demand for cleaner fuels, growth in LNG liquefaction capacity, and high investments in the natural gas distribution sector.

The LNG-as-a-fuel market analysis includes the end-user segment and geographic landscape.

Technavio's LNG-as-a-fuel market is segmented as below:

By End-user

• Power generation
• Transportation
• Others

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the growing use of floating liquefied natural gas (FLNG) vessels as one of the prime reasons driving the LNG-as-a-fuel market growth during the next few years. Also, long-term support for demand for LNG and growing demand for LNG bunkering will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on LNG-as-a-fuel market covers the following areas:

• LNG-as-a-fuel market sizing
• LNG-as-a-fuel market forecast
• LNG-as-a-fuel market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading LNG-as-a-fuel market vendors that include BP Plc, Cheniere Energy Inc., Chevron Corp., China Petroleum and Chemical Corp., Equinor ASA, Exxon Mobil Corp., Freeport LNG Development LP, Gazprom, Indian Oil Corp. Ltd., INPEX Corp., Linde Inc., PAO NOVATEK, Petroliam Nasional Berhad, Porsche Automobil Holding SE, PT Pertamina(Persero), Qatargas Operating Co. Ltd., Royal Dutch Shell Plc, SK Inc., and TotalEnergies SE. Also, the LNG-as-a-fuel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

BP Plc, Cheniere Energy Inc., Chevron Corp., China Petroleum and Chemical Corp., Equinor ASA, Exxon Mobil Corp., Freeport LNG Development LP, Gazprom, Indian Oil Corp. Ltd., INPEX Corp., Linde Inc., PAO NOVATEK, Petroliam Nasional Berhad, Porsche Automobil Holding SE, PT Pertamina(Persero), Qatargas Operating Co. Ltd., Royal Dutch Shell Plc, SK Inc., TotalEnergies SE