Global LNG Regasification Terminals Market Size (2024 - 2029)

The LNG regasification terminals market is anticipated to experience growth driven by the rising demand for natural gas across various sectors, despite challenges such as fluctuating prices and the impact of the COVID-19 pandemic. The market's expansion is particularly notable in the floating regasification terminals segment, which is witnessing rapid development in emerging economies. The Asia-Pacific region is expected to lead in market size, supported by significant infrastructure in countries like Japan, South Korea, China, and India. This region's increasing dependency on natural gas imports presents opportunities for market growth, as supply imbalances are projected to drive demand for LNG terminals.

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Market Size of Global LNG Regasification Terminals Industry

Global LNG Regasification Terminals Market - Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 5.60 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Global LNG Regasification Terminals Market Major Players

*Disclaimer: Major Players sorted in no particular order

LNG Regasification Terminals Market Analysis

The Global LNG Regasification Terminals Market is expected to grow at a CAGR of 5.6% during the forecast period of 2022-2027. The outbreak of the COVID-19 pandemic had a negative impact on the LNG regasification terminals market since the production and supply of natural gas have been stagnant due to lockdowns across the globe. Factors such as increasing demand for natural gas in the chemical, industrial, and transportation sectors are expected to drive the market. However, fluctuating natural gas prices increase the risk associated with large-scale LNG terminal construction and are expected to hinder the market's growth.

  • The floating regasification terminals market segment is expected to be the fastest-growing market as new facilities are being constructed around the globe, especially in developing economies like China, India, and Malaysia.
  • As per the Energy Information Administration (EIA), non-OECD Asian countries like China, India, Bangladesh, Thailand, and Vietnam are expected to consume 120 billion cubic feet per day (bcf/d) of natural gas by 2050, outpacing regional natural gas production by 50 bcf/d. The supply imbalance in the region would result in increasing dependency on the other regions, which is expected to create an opportunity for the LNG terminal companies.
  • The Asia-Pacific is expected to dominate the market with the presence regasification terminals. Countires like Japan, South Korea, China, and India have the highest capacity infrastructure for regasification of LNG.

LNG Regasification Terminals Industry Segmentation

The scope of Global LNG Regasification terminals Market report includes:

Terminal Type
large Scale
Small Scale & Medium
By Deployment
Onshore
Floating
Geography
North America
South America
Asia-Pacific
Europe
Middle-East and Africa
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Global LNG Regasification Terminals Market Size Summary

The LNG regasification terminals market is poised for significant growth, driven by increasing demand for natural gas across various sectors such as chemicals, industry, and transportation. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted production and supply chains, the market is expected to recover and expand. The floating regasification terminals segment is anticipated to be the fastest-growing, particularly in developing regions like Asia-Pacific, where countries such as China, India, and Malaysia are investing in new facilities. This growth is supported by the rising consumption of natural gas in non-OECD Asian countries, which is expected to outpace local production, creating opportunities for LNG terminal companies to meet the supply-demand imbalance.

The Asia-Pacific region is expected to maintain its dominance in the LNG regasification terminals market, with countries like Japan, South Korea, China, and India leading in infrastructure capacity. The region's strategic investments in both large-scale and small-scale terminals, along with the development of floating storage regasification units, are key factors contributing to its market leadership. While floating facilities offer cost advantages and serve as a bridge for developing economies to access clean energy, onshore facilities are projected to be more profitable in the long run due to lower maintenance costs. The market remains moderately fragmented, with major players like Linde plc, Wartsila Oyj ABP, Shell PLC, Engie SA, and Baker Hughes Company actively participating in the sector's expansion.

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Global LNG Regasification Terminals Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Recent Trends and Developments

    6. 1.6 Market Dynamics

      1. 1.6.1 Drivers

      2. 1.6.2 Restraints

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Terminal Type

      1. 2.1.1 large Scale

      2. 2.1.2 Small Scale & Medium

    2. 2.2 By Deployment

      1. 2.2.1 Onshore

      2. 2.2.2 Floating

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 South America

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Europe

      5. 2.3.5 Middle-East and Africa

Global LNG Regasification Terminals Market Size FAQs

The Global LNG Regasification Terminals Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)

Linde plc , Wartsila Oyj ABP, Shell plc, Engie SA and Baker Hughes Company are the major companies operating in the Global LNG Regasification Terminals Market.

LNG Regasification Terminals Market Report Snapshots

LNG Regasification Terminals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)