How Liquid Natural Gas Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Liquid Natural Gas Market Latest Edition Published with Forecast to 2030


The article cited AMA's "Global Liquid Natural Gas Market Study" explored substantial growth in North America and CAGR of 8.1%. According to the report, Government Support towards Usage of Liquid Natural Gas in Industrial Sectors is one of the primary growth factors for the market. Growing Demand in the Electric Power Sector is also expected to contribute significantly to the Liquid Natural Gas market. Overall, Heavy-duty Vehicles applications of Liquid Natural Gas, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Liquid Natural Gas market identified that the demand is rising in many different parts of the world as "High Adoption in Developing Countries Due To Growing Industrial Sectors ". Furthermore, some recent industry insights like "On 1st June 2019, Chevron U.S.A. Inc. a wholly owned subsidiary of Chevron Corporation has completed the acquisition from Petrobras America Inc. of all the outstanding shares and equity interests of Pasadena Refining System, Inc. (PRSI) and PRSI Trading LLC for 350 million dollars excluding working capital." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Liquid Natural Gas market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Liquid Natural Gas market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Liquid Natural Gas market size is calculated using market estimation process, the Liquid Natural Gas market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Liquid Natural Gas market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales