Liquefied Natural Gas (LNG) Market by End-user and Geography - Forecast and Analysis 2023-2027

Published: Feb 2023 Pages: 155 SKU: IRTNTR71863

Liquefied Natural Gas (LNG) Market Forecast 2023-2027

The liquefied natural gas (LNG) market is estimated to grow by USD 15.81 billion at a CAGR of 5.35% between 2022 and 2027. The growth of the market depends on several factors, including the increase in production, growth in its liquefaction capacity, and rising demand for cleaner fuels.

The report includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Liquefied Natural Gas (LNG) Market During the Forecast Period?

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Market Dynamics

The increase in LNG production is notably driving the market growth, although factors such as the rising adoption of renewable energy sources may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

The increase in LNG production is notably driving market growth. Natural gas is one of the fastest-growing fossil fuels due to the development of worldwide supplies of coalbed methane, shale gas, and tight gas. As a result, the amount of unconventional resources will significantly expand for the global oil and gas business.

The US has been successfully extracting shale oil and gas since 2008, which has increased its availability worldwide. The Permian Basin has dominated shale gas production in the US; by 2025, output there is predicted to double. Additionally, it is anticipated that over half of the additional natural gas generated in the US will be transformed into LNG for export to nations whose domestic natural gas production is nonexistent or insufficient to meet demand. Hence, the increase in production has led to a rise in production, which is likely to boost the growth of the market during the forecast period.

Major Trend

Commoditization of LNG is the key trend in the market. As the variety of producers and consumers grows, so does the number of floating liquefaction and regasification plants and the liquidity of tradeable LNG, which results in the commoditization of LNG. As a result, the market will eventually evolve into one that is more open, effective, and liquid. Such programs encourage digitalization and boost openness in the oil and gas sector. 

LNG has become a commodity on a global scale, opening up new opportunities for stakeholders. Reduced LNG costs have encouraged its use, accelerating the ongoing switch from coal to natural gas. The commoditization of LNG has increased LNG trading activities and benefitted vendors. Therefore, the enhanced interconnectivity and flexibility of trading and the emergence of a more transparent and competitive marketplace are expected to have a positive impact on the global market during the forecast period.

Significant challenge

The rising adoption of renewable energy sources is the major challenge impeding market growth. Geothermal, wind, solar, biomass, and landfill trash are all examples of renewable energy sources. Due to changes in policy, there is now much more demand for capturing renewable energy sources like solar, wind, and hydropower. For example, the EU has set a goal to generate 35% of its electricity from renewable sources by 2030. In the EU, 80% of all new capacity is anticipated to come from renewable sources between 2020 and 2030.

In addition, wind energy is anticipated to surpass all other sources of electricity around 2030, largely due to the EU countries' rapid expansion of onshore and offshore wind farms. This, therefore, shows that the emphasis in energy generation has shifted to renewable energy sources. Hence, the increased adoption of renewable sources of energy is expected to lead to a decline in the use of fossil fuels.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Global Customer Landscape

Who are the Major Liquefied Natural Gas (LNG) Market Players?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Bechtel Corp. - The company offers liquefied natural gas solutions such as integrated EPC, and hydrocarbon technology liquefaction as its key offerings. Additionally, through the nuclear, security, and environment segment, the company includes chemical weapons demilitarization projects, missile defense infrastructure, design commissioning for NASA, scientific and national security facility operations, and commercial and US operations.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:

  • Exxon Mobil Corp.
  • Fluor Corp.
  • Freeport LNG Development LP
  • Gasum Oy
  • INPEX Corp.
  • PAO NOVATEK
  • PetroChina Co. Ltd.
  • Qatargas Operating Co. Ltd.
  • SEFE Energy Ltd.
  • Sempra Energy
  • TechnipFMC plc
  • TotalEnergies SE
  • Shell plc
  • Chevron Corp.
  • BP Plc

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Market?

The market share growth of the power segment will be significant during the forecast period. Many coal-dependent nations, including China, are switching to natural gas for electricity generation as the focus on improving air quality intensifies. Additionally, the heavy reliance on coal during times of peak electricity demand causes the plant to age and shortens its overall lifespan. This, on the other hand, is not affected by this issue.

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The power segment was valued at USD 16.60 billion in 2017 and continued to grow until 2021. The current industrial shift from conventional to unconventional resources has increased the demand in the power sector due to the abundant supply of these resources. As a result, several new power plants that run on natural gas, including LNG, are being set up. This will facilitate segment growth during the forecast period.

Which are the Key Regions for the Market?

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Europe is estimated to contribute 29% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to vendors is North America. Technavio’s analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period.

The US, Canada, and Mexico are among the nations in North America that use LNG. The main cause of the growing demand for natural gas in the US has been the switch from coal to gas in the power generation industry. The competitive pricing for industrial uses has also increased demand for it. Since it makes up a significant portion of the primary energy usage in these nations, Mexico is incredibly dependent on it.

Additionally, according to the IEA, despite the increased domestic demand, more than half of the increased production is likely to be exported in the form of LNG. To achieve this, the US is installing several new liquefaction facilities and is likely to emerge as one of the largest LNG producers globally by the end of the forecast period. Consequently, the export capacity of the US will significantly increase, which, in turn, will boost the growth of the global market in North America during the forecast period.

Segment Overview

The market research report forecasts growth by revenue at global, regional & country levels and provides market trends and analysis and growth opportunities from 2017 to 2027. 

  • End-user Outlook (USD Billion, 2017 - 2027)
    • Power
    • Industry
    • Others
  • Region Outlook (USD Billion, 2017 - 2027)
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • North America
      • The U.S.
      • Canada
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • APAC
      • China
      • India
    • South America
      • Brazil
      • Argentina

Market Analyst Overview

The Market is witnessing a recovery towards pre-pandemic levels, driven by factors like gas power generation and the adoption of LNG-fueled fleets. However, challenges such as LNG oversupply and trade tensions impact the market. Despite this, there are significant LNG projects and development plans in regions like the African region, which is emerging as a key LNG market. The Liquefaction Sector plays a crucial role in this market, supported by trends like industrialization, urbanization, and efforts to reduce carbon dioxide and greenhouse gas emissions, especially in vehicles. Supportive policies, including subsidies and tax exemptions, incentivize natural gas consumption and drive growth in both importing countries and export markets.

The market measures capacity in MTPA (Million Tons Per Annum), with significant proposed liquefaction projects and final investment decisions (FID) for ventures like PFLNG Dua, Corpus Christi T3, and Yamal LNG T4. The establishment of liquefaction projects is crucial for meeting imported volumes and achieving the desired annual growth rate. Specific projects like the Jiangsu Huadian Ganyu LNG terminal contribute to the national natural gas development plan and the province's 14th Five-Year Plan. As the market grows, there's a focus on increasing LNG receiving capacity and optimizing total capacity with the support of the federal government.

Liquefied Natural Gas (LNG) Market Scope

Report Coverage

Details

Page number

155

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.35%

Market growth 2023-2027

USD 15.81 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.96

Regional analysis

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

Performing market contribution

Europe at 29%

Key countries

US, Iran, Saudi Arabia, China, and Russia

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Bechtel Corp., Cheniere Energy Inc., China Petrochemical Corp., Eni Spa, Equinor ASA, Exxon Mobil Corp., Fluor Corp., Freeport LNG Development LP, Gasum Oy, INPEX Corp., PAO NOVATEK, PetroChina Co. Ltd., Qatargas Operating Co. Ltd., SEFE Energy Ltd., Sempra Energy, TechnipFMC plc, TotalEnergies SE, Shell plc, Chevron Corp., and BP Plc

Market dynamics

Parent market analysis, market growth and trends, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market growth analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 13: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global liquefied natural gas (LNG) market 2017 - 2021
      • Exhibit 17: Historic Market Size – Data Table on Global liquefied natural gas (LNG) market 2017 - 2021 ($ billion)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 18: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.3 Geography Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.4 Country Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 21: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 22: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 23: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 24: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 25: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 26: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 27: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 28: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 29: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 30: Chart on Comparison by End-user
      • Exhibit 31: Data Table on Comparison by End-user
    • 6.3 Power - Market size and forecast 2022-2027
      • Exhibit 32: Chart on Power - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 33: Data Table on Power - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 34: Chart on Power - Year-over-year growth 2022-2027 (%)
      • Exhibit 35: Data Table on Power - Year-over-year growth 2022-2027 (%)
    • 6.4 Industry - Market size and forecast 2022-2027
      • Exhibit 36: Chart on Industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 37: Data Table on Industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 38: Chart on Industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 39: Data Table on Industry - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 40: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 41: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 42: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 44: Market opportunity by End-user ($ billion)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 47: Data Table on Market share by geography 2022-2027 (%)
    • 8.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2022-2027
      • Exhibit 50: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 8.4 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 8.5 Europe - Market size and forecast 2022-2027
      • Exhibit 58: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 8.6 APAC - Market size and forecast 2022-2027
      • Exhibit 62: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 63: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 65: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 8.7 South America - Market size and forecast 2022-2027
      • Exhibit 66: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 8.8 US - Market size and forecast 2022-2027
      • Exhibit 70: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 8.9 Russia - Market size and forecast 2022-2027
      • Exhibit 74: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 77: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 8.10 China - Market size and forecast 2022-2027
      • Exhibit 78: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 8.11 Iran - Market size and forecast 2022-2027
      • Exhibit 82: Chart on Iran - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Data Table on Iran - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Chart on Iran - Year-over-year growth 2022-2027 (%)
      • Exhibit 85: Data Table on Iran - Year-over-year growth 2022-2027 (%)
    • 8.12 Saudi Arabia - Market size and forecast 2022-2027
      • Exhibit 86: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Chart on Saudi Arabia - Year-over-year growth 2022-2027 (%)
      • Exhibit 89: Data Table on Saudi Arabia - Year-over-year growth 2022-2027 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ billion)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2022 and 2027
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 11.3 Bechtel Corp.
              • Exhibit 97: Bechtel Corp. - Overview
              • Exhibit 98: Bechtel Corp. - Product / Service
              • Exhibit 99: Bechtel Corp. - Key news
              • Exhibit 100: Bechtel Corp. - Key offerings
            • 11.4 BP Plc
              • Exhibit 101: BP Plc - Overview
              • Exhibit 102: BP Plc - Business segments
              • Exhibit 103: BP Plc - Key offerings
              • Exhibit 104: BP Plc - Segment focus
            • 11.5 Chevron Corp.
              • Exhibit 105: Chevron Corp. - Overview
              • Exhibit 106: Chevron Corp. - Business segments
              • Exhibit 107: Chevron Corp. - Key offerings
              • Exhibit 108: Chevron Corp. - Segment focus
            • 11.6 China Petrochemical Corp.
              • Exhibit 109: China Petrochemical Corp. - Overview
              • Exhibit 110: China Petrochemical Corp. - Business segments
              • Exhibit 111: China Petrochemical Corp. - Key offerings
              • Exhibit 112: China Petrochemical Corp. - Segment focus
            • 11.7 Eni Spa
              • Exhibit 113: Eni Spa - Overview
              • Exhibit 114: Eni Spa - Business segments
              • Exhibit 115: Eni Spa - Key offerings
              • Exhibit 116: Eni Spa - Segment focus
            • 11.8 Equinor ASA
              • Exhibit 117: Equinor ASA - Overview
              • Exhibit 118: Equinor ASA - Business segments
              • Exhibit 119: Equinor ASA - Key offerings
              • Exhibit 120: Equinor ASA - Segment focus
            • 11.9 Exxon Mobil Corp.
              • Exhibit 121: Exxon Mobil Corp. - Overview
              • Exhibit 122: Exxon Mobil Corp. - Business segments
              • Exhibit 123: Exxon Mobil Corp. - Key offerings
              • Exhibit 124: Exxon Mobil Corp. - Segment focus
            • 11.10 Fluor Corp.
              • Exhibit 125: Fluor Corp. - Overview
              • Exhibit 126: Fluor Corp. - Business segments
              • Exhibit 127: Fluor Corp. - Key offerings
              • Exhibit 128: Fluor Corp. - Segment focus
            • 11.11 Freeport LNG Development LP
              • Exhibit 129: Freeport LNG Development LP - Overview
              • Exhibit 130: Freeport LNG Development LP - Product / Service
              • Exhibit 131: Freeport LNG Development LP - Key offerings
            • 11.12 PAO NOVATEK
              • Exhibit 132: PAO NOVATEK - Overview
              • Exhibit 133: PAO NOVATEK - Product / Service
              • Exhibit 134: PAO NOVATEK - Key offerings
            • 11.13 PetroChina Co. Ltd.
              • Exhibit 135: PetroChina Co. Ltd. - Overview
              • Exhibit 136: PetroChina Co. Ltd. - Business segments
              • Exhibit 137: PetroChina Co. Ltd. - Key offerings
              • Exhibit 138: PetroChina Co. Ltd. - Segment focus
            • 11.14 Qatargas Operating Co. Ltd.
              • Exhibit 139: Qatargas Operating Co. Ltd. - Overview
              • Exhibit 140: Qatargas Operating Co. Ltd. - Product / Service
              • Exhibit 141: Qatargas Operating Co. Ltd. - Key offerings
            • 11.15 SEFE Energy Ltd.
              • Exhibit 142: SEFE Energy Ltd. - Overview
              • Exhibit 143: SEFE Energy Ltd. - Product / Service
              • Exhibit 144: SEFE Energy Ltd. - Key offerings
            • 11.16 Shell plc
              • Exhibit 145: Shell plc - Overview
              • Exhibit 146: Shell plc - Business segments
              • Exhibit 147: Shell plc - Key news
              • Exhibit 148: Shell plc - Key offerings
              • Exhibit 149: Shell plc - Segment focus
            • 11.17 TotalEnergies SE
              • Exhibit 150: TotalEnergies SE - Overview
              • Exhibit 151: TotalEnergies SE - Business segments
              • Exhibit 152: TotalEnergies SE - Key news
              • Exhibit 153: TotalEnergies SE - Key offerings
              • Exhibit 154: TotalEnergies SE - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 155: Inclusions checklist
                • Exhibit 156: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 157: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 158: Research methodology
                • Exhibit 159: Validation techniques employed for market sizing
                • Exhibit 160: Information sources
              • 12.5 List of abbreviations
                • Exhibit 161: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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