Global Large-Scale LNG Terminals Market 2018-2022| Commoditization of LNG to Encourage Growth| Technavio
The global large-scale LNG terminals market is expected to post a CAGR
of nearly 3% during the period 2018-2022, according to the latest
market research report by Technavio.
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Technavio has released a new market research report on the global large-scale LNG terminals market for the period 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the increasing global
energy demand. As per the IEA, by 2040, the global energy demand is
expected to increase by 30%. The global economy is growing at an average
rate of 3.4% annually. Moreover, the population is expected to cross 9
billion by 2040. Because of the fast-paced development, in developing
countries such as India and China, the need for energy is increasing.
This market research report on the global
large-scale LNG terminals market 2018-2022 also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing
In this report, Technavio highlights the commoditization of LNG as one
of the key emerging trends in the global large-scale LNG terminals
market:
Global large-scale LNG terminals market:
Commoditization of LNG
LNG has turned out to be a global commodity ever since the first LNG
cargo was shipped from an LNG facility in Algeria in 1964. Supply
surplus combined with increasing demand is essential for the growth of
the global liquid commodity market. This is because, during stressed
situations, the producers and consumers prefer long-term fixed
agreements than trading openly. Factors such as increasing diversity of
suppliers and buyers, rising installation of floating regasification
plants, and growing liquidity of tradable LNG have resulted in the
commoditization of LNG similar to oil. Thus, the global LNG market is
gradually turning out to be more transparent, liquid, and efficient.
“The global commercialization of LNG has opened up new avenues for
the stakeholders. The plunging process increases the usage of LNG,
boosting coal-to-gas switching. As the supply surplus may act as a
threat and overwhelm the existing contracts, the producers and importers
of LNG consider active trading on a spot basis which results in reduced
prices. As a result, players in the market are expanding their trading
teams to manage excess cargo flows and navigate the open market,” says
a senior analyst at Technavio for research on oil and gas.
Global large-scale LNG terminals market:
Segmentation analysis
This market research report segments the global large-scale LNG
terminals market by application (regasification and liquefaction) and
geographical regions (APAC, EMEA, and the Americas).
The regasification segment held the largest market share in 2017,
accounting for over 69% of the market. This application segment is
expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of over 54%. This region
is expected to dominate the market through 2022, however, there will be
a decrease in its market share.
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Some of the key topics covered in the report include:
Market Landscape
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Market ecosystem
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Market characteristics
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Market segmentation analysis
Market Sizing
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Market definition
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Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
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Regional comparison
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Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
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Vendors covered
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Vendor classification
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Market positioning of vendors
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Competitive scenario
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