According the latest study titled ‘Global LNG Market (Value, Volume) Analysis By Liquefaction Technology, By End User Application, By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023) - By Region (Americas, Europe, APAC, MEA), By Country available with Market Study Report, global LNG market is estimated to grow substantially during 2019-2023.
 

Ever-rising electricity demand owing to booming population and rapid urbanization & industrialization are propelling the growth of global LNG market. Improving cognizance of natural gas and it potential to lower emission levels, reduce pollution, and provide energy is augmenting the market outlook.
 

As per liquefaction technology, global LNG market is classified into Linde MFC, CASCADE, Shell Proprietary, APC-OTHER, AP-C3MR/Split MR AP-X, AP-C3MR, and other. Various end-use applications of LNG include residential, commercial, industry, transportation, and others.
 

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The report on worldwide LNG market thoroughly analyzes this business space while collecting historic data and delivering projections regarding market valuation and growth pattern over the forecast period. Inferences from SWOT analysis and Porter’s Five Force Analysis are entailed in the report. It further highlights the drivers, challenges, and opportunities prevailing in Global LNG market.
 

Based on geographical outlook, Asia Pacific LNG industry is reckoned to grow with a CAGR of 8.4% through 2023, led by India & China which are projected to be followed by Japan & South Korea. Improving economy, expansion of manufacturing sector in the region, plummeting prices, and consumer preference for better functionality are stimulating LNG market scenario in APAC.
 

Key players profiled in global LNG market report are ConocoPhillips, Equinor, ENGIE, BP, Royal Dutch Shell, Qatargas, Total, ExxonMobil, Chevron, and Gazprom.