Global LNG Filling Stations Market Growth 2023-2029
Natural gas is a major source of energy. Liquefied natural gas or LNG is natural gas that has been converted to a liquid form for the ease of storage or transport by cooling natural gas to approximately −162 °C. Afterwards, it is stored at essentially atmospheric pressure. Liquefied natural gas takes up about one six hundredth the volume of natural gas in the gaseous state. It is odourless, colourless, non-toxic and non-corrosive.
LNG, or liquefied natural gas, is natural gas that is cooled to -260° Fahrenheit until it becomes a liquid and then stored at essentially atmospheric pressure. Converting natural gas to LNG, a process that reduces its volume by about 600 times – similar to reducing the volume of a beach ball to the volume of a ping-pong ball – allows it to be transported internationally via cargo ships.
A LNG filling station is a facility which sells LNG to vehicles. Liquefied natural gas filling stations rely on bulk delivery of fuel via tanker trucks similar to the way in which gasoline and diesel are delivered to filling stations. As LNG needs to be stored at -160 Celsius in order to stay in a liquid state, the fuel is delivered to the station site and stored in a special insulated cryogenic tank. The fuel is pumped from the storage tank and dispensed in a way that is similar to liquid fuels. As LNG dispensers operate at cryogenic temperatures, training is needed in order to dispense the fuel safely. Protective gloves and face shields must also be worn by personnel.
LNG Filling Stations consist of LNG tank, pump skid and submersible pump, booster truck carburetor, carburetor, EAG heater (the three carburetor will change with different processing,), plus liquid machine etc.
LPI (LP Information)' newest research report, the “LNG Filling Stations Industry Forecast” looks at past sales and reviews total world LNG Filling Stations sales in 2022, providing a comprehensive analysis by region and market sector of projected LNG Filling Stations sales for 2023 through 2029. With LNG Filling Stations sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LNG Filling Stations industry.
This Insight Report provides a comprehensive analysis of the global LNG Filling Stations landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LNG Filling Stations portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LNG Filling Stations market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LNG Filling Stations and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LNG Filling Stations.
The global LNG Filling Stations market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
The major players in global LNG Filling Stations market include Kunlun Energy, CNOOC, etc. The top 2 players occupy about 50% shares of the global market. China is the main market, and occupies about 80% of the global market. Permanent Station and Mobile Station are the main types, Vehicle and Ship are two main applications.
This report presents a comprehensive overview, market shares, and growth opportunities of LNG Filling Stations market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Mobile Station
Permanent Station
Segmentation by application
Vehicle
Ship
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Kunlun Energy
CNOOC
ENN Energy
Guanghui
Sinopec
Cryostar
Engie
FortisBC
Key Questions Addressed in this Report
What is the 10-year outlook for the global LNG Filling Stations market?
What factors are driving LNG Filling Stations market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do LNG Filling Stations market opportunities vary by end market size?
How does LNG Filling Stations break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Please note: The report will take approximately 2 business days to prepare and deliver.
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