MARKET INTRODUCTION Liquefied Natural Gas (LNG) terminals are specially built port terminals for loading, storing, and unloading natural gas onto various LNG carrier ships. In other words, the terminals are heavily used to import and export LNG to various locations across the world. Terminals with a capacity of more than 2 million metric tonnes per year are classified as large-scale LNG terminals (MMTPA). The number of LNG importing countries with higher regasification capacity outnumbers those with lower liquefaction capacity. The number of terminals and their capacities are mostly controlled by the demand for natural gas in various countries. Natural gas is a cleaner fuel than crude oil, and it helps to minimise air pollution, which helps to reduce diseases carried by many hazardous macro particles in the air.
MARKET DYNAMICS Because of the increased demand for LNG around the world, the global market is likely to develop significantly. The growing demand for small and large-scale LNG terminals is boosting market expansion around the world. Furthermore, long-haul vehicle fleet owners have begun to follow a trend of selecting LNG as a more cost-effective alternative fuel, creating market growth potential.
MARKET SCOPE The "Global Large Scale LNG Terminals Market Analysis to 2028" is a specialized and in-depth study of the large-scale LNG terminals market with a special focus on the global market trend analysis. The report aims to provide an overview of the large-scale LNG terminals market with detailed market segmentation by location of deployment, operation and geography. The global large scale LNG terminals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading large scale LNG terminals market players and offers key trends and opportunities in the large-scale LNG terminals market.
MARKET SEGMENTATION The global large scale LNG terminals market is segmented based on location of deployment and operation. Based on location of deployment, the large-scale LNG terminals market is segmented into Onshore, and Offshore. Based on operation, large scale LNG terminals market is segmented into liquefaction and regasification.
IMPACT OF COVID-19 ON LARGE SCALE LNG TERMINALS MARKET The unexpected breakout of the new coronavirus has severely disrupted global industrial activities. The number of instances affected has been steadily increasing, prompting several countries to implement a variety of countermeasures such as national lockdowns and social isolation. As a result of the global pandemic, the shutdown of industrial operations has had a significant impact on the market. Growing apprehensions about investing in new projects, restrictions on cross-border trade, deficiencies in required capitals, preventive government measures lowering the workforce, and a slew of other obstacles have all hampered the industry's expansion. For example, the International Energy Agency (IEA) predicted in May 2020 that global investment in the oil and gas industry would plummet by around 33% in 2020 compared to the previous year due to the global financial crisis.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Large Scale LNG Terminals Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Large Scale LNG Terminals Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region. The report analyzes factors affecting Large Scale LNG Terminals Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the large scale LNG terminals market in these regions.
Get more information on this report :
The reports cover key developments in the large scale LNG terminals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from large scale LNG terminals market are anticipated to lucrative growth opportunities in the future with the rising demand for large scale LNG terminals market. Below mentioned is the list of few companies engaged in the large scale LNG terminals market. The report also includes the profiles of key large scale LNG terminals market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Cheniere Energy Inc.
China National Offshore Oil Corporation (CNOOC)
Exxon Mobil Corporation
Royal Dutch Shell PLC
British Petroleum (BP) PLC
Tokyo Electric Power Company Holding Inc.
Tokyo Gas Co. Ltd
Petronet LNG Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.