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LNG Infrastructure Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR72180
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The LNG infrastructure market share is expected to increase by USD 4.81 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.19%.

This LNG infrastructure market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers LNG infrastructure market segmentation by type (liquefaction terminal and regasification terminal) and geography (North America, APAC, Europe, MEA, and South America). The LNG infrastructure market report also offers information on several market vendors, including Bechtel Corp., Chiyoda Corp., Exxon Mobil Corp., Fluor Corp., JGC Holdings Corp., John Wood Group Plc, McDermott International Inc., Royal Dutch Shell Plc, Saipem SpA, and Sempra Energy among others.

What will the LNG Infrastructure Market Size be During the Forecast Period?

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LNG Infrastructure Market: Key Drivers, Trends, and Challenges

The rise in the demand for cleaner fuels is notably driving the LNG infrastructure market growth, although factors such as fluctuations in global oil and gas prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the LNG infrastructure industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key LNG Infrastructure Market Driver

One of the key factors driving the global LNG infrastructure market growth is the rise in the demand for cleaner fuels. According to the IEA, the demand for energy is expected to increase by 30% in 2040 over that of 2015 due to the global population growth and industrial development in emerging economies such as China and India. According to the World Bank, by 2050, the global population is expected to rise to 9.16 billion. Furthermore, oil and coal were the major sources of energy to meet the energy demand, which resulted in a significant increase in the emissions of carbon dioxide (CO2) and other GHGs. Such factors increased the demand for natural gas across the globe. For instance, according to the US EIA, natural gas-fired power plants accounted for 40% of the total production of electricity in the US in 2020, which is expected to reach 43% by 2025. Hence, the demand for natural gas is expected to increase owing to the demand for cleaner fuels, which, in turn, will positively impact the market growth during the forecast period.

Key LNG Infrastructure Market Trend

Another key factor driving the global LNG infrastructure market growth is the growing demand for LNG bunkering to cut emissions arising from shipping activities. In 2020, according to the IEA, heavy fuel oil (HFO) accounted for 79% of the fuel mix in marine bunkers. Hence, it is the most popular marine fuel across the world. However, there have been significant developments to make LNG bunkering more efficient and convenient in the past few years, due to stringent regulations on the use of conventional sources. For example, the UTS demonstrated a system that can bring bunkering infrastructure to a vessel using a floating platform, which is connected to the shore with cryoline cryogenic floating hoses. The UTS reduces the capital expenditure incurred on bunkering facilities significantly. Such developments in LNG bunkering coupled with the implementation of stringent emission regulations will further boost the demand for LNG as a marine fuel, thereby contributing to the growth of the market in focus during the forecast period.

Key LNG Infrastructure Market Challenge

One of the key challenges to the global LNG infrastructure market growth is the fluctuations in global oil and gas prices. For instance, the crude oil import cost in Japan was USD 104.16 per barrel in 2014. As per IEA, the price of crude oil declined to USD 54.42 per barrel in 2017 but increased to USD 76.49 per barrel in September 2018. Similarly, in May 2021, the prices reached USD 69.08/barrel that significantly increased to USD 74/barrel in December 2021. As there is no globally integrated market for natural gas, the pricing mechanisms vary regionally. In regions like Asia, natural gas is imported as LNG, but the supply price of LNG is indexed to that of crude oil, based on long-term contracts. Similarly, internationally traded natural gas is indexed to crude oil prices, such as Japan customs-cleared crude, i.e., Japanese Crude Cocktail (JCC) or North Sea Brent, owing to the substitutability of natural gas and petroleum products in certain markets and the transparency and liquidity of crude oil prices. Such factors are expected to pose a challenge to the growth of the global LNG infrastructure market during the forecast period.

This LNG infrastructure market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global LNG infrastructure market as a part of the global oil and gas exploration and production market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the LNG infrastructure market during the forecast period.

Who are the Major LNG Infrastructure Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Bechtel Corp.
  • Chiyoda Corp.
  • Exxon Mobil Corp.
  • Fluor Corp.
  • JGC Holdings Corp.
  • John Wood Group Plc
  • McDermott International Inc.
  • Royal Dutch Shell Plc
  • Saipem SpA
  • Sempra Energy

This statistical study of the LNG infrastructure market encompasses successful business strategies deployed by the key vendors. The LNG infrastructure market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Bechtel Corp. - The company offers LNG infrastructure that includes construction, engineering, development, investment and finance, integrated EPC, master planning, modularization, procurement, startup & operations, technology licensing and consulting, tunneling, under the brand name of Bechtel Corp.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The LNG infrastructure market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

LNG Infrastructure Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the LNG infrastructure market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global oil and gas exploration and production market includes the following core components:

  • Inputs
  • Operations
  • Outbound logistics
  • End-users
  • Industry innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for LNG Infrastructure Market?

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42% of the market’s growth will originate from North America during the forecast period. The US is the key market for LNG infrastructure in North America. Market growth in this region will be faster than the growth of the market in Europe MEA, and South America.

The rapid shift from coal to gas in the power generation sector in countries such as the US will facilitate the LNG infrastructure market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Countries in North America witnessed a significant number of fatalities due to COVID-19 in the first half of 2020. The halt in construction activities due to lockdowns has disrupted the LNG infrastructure industry, as the construction of LNG infrastructure requires thousands of components that are provided to manufacturers by numerous suppliers. This decreased the revenue of the market in the region in 2020. However, the region is gradually propelling its economic activities due to factors such as the initiation of large-scale vaccination drives, which are supporting the growth of the regional economy. 

What are the Revenue-generating Type Segments in the LNG Infrastructure Market?

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The LNG infrastructure market share growth by the liquefaction terminal segment will be significant during the forecast period. New construction of liquefaction terminal plants is expected to drive the growth of the segment during the forecast period. For instance, in 2021 Alaska Gasline Development announced its Nikiski LNG liquefaction terminal project at Alaska in the US, which will be operational in 2028 and is estimated to have a capacity of 20.1Mtpa (million tons per annum) the project is currently under development. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the LNG infrastructure market size and actionable market insights on post COVID-19 impact on each segment.

 

LNG Infrastructure Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.19%

Market growth 2022-2026

$ 4.81 billion

Market structure

Fragmented

YoY growth (%)

5.89

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

North America at 42%

Key consumer countries

US, China, Russian Federation, Japan, and Saudi Arabia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Bechtel Corp., Chiyoda Corp., Exxon Mobil Corp., Fluor Corp., JGC Holdings Corp., John Wood Group Plc, McDermott International Inc., Royal Dutch Shell Plc, Saipem SpA, and Sempra Energy

Market dynamics

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

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this LNG Infrastructure Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive LNG infrastructure market growth during the next five years
  • Precise estimation of the LNG infrastructure market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the LNG infrastructure industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of LNG infrastructure market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Liquefaction terminal - Market size and forecast 2021-2026
  • Regasification terminal - Market size and forecast 2021-2026
  • Market opportunity by Type

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2021-2026
  • APAC - Market size and forecast 2021-2026
  • Europe - Market size and forecast 2021-2026
  • MEA - Market size and forecast 2021-2026
  • South America - Market size and forecast 2021-2026
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Bechtel Corp.
  • Chiyoda Corp.
  • Exxon Mobil Corp.
  • Fluor Corp.
  • JGC Holdings Corp.
  • John Wood Group Plc
  • McDermott International Inc.
  • Royal Dutch Shell Plc
  • Saipem SpA
  • Sempra Energy

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • 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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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The lng infrastructure market growth will increase by $4818.25 million during 2021-2026.
The lng infrastructure market is expected to grow at a CAGR of 6.19% during 2021-2026.
Technavio has segmented the lng infrastructure market by type (Liquefaction terminal and Regasification terminal) and geographic (North America, APAC, Europe, MEA, and South America).
Bechtel Corp., Chiyoda Corp., Exxon Mobil Corp., Fluor Corp., JGC Holdings Corp., John Wood Group Plc, McDermott International Inc., Royal Dutch Shell Plc, Saipem SpA, Sempra Energy are a few of the key vendors in the lng infrastructure market.
North America will register the highest growth rate of 41.65% among the other regions. Therefore, the lng infrastructure market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Russian Federation
  • Japan
  • Saudi Arabia
The key factors driving the lng infrastructure market growth are:
  • Rise in the demand for cleaner fuels
The lng infrastructure market vendors should focus on grabbing business opportunities from the liquefaction terminal segment as it accounted for the largest market share in the base year.
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