Global Large-scale LNG Terminals Market 2018-2022
About this market
The supply surplus coupled with increasing demand is essential for the growth of global liquid commodity market which will subsequently increase market share for global large- supply LNG terminals market. In addition, the increasing diversity of suppliers and buyers, rising installation of floating regasification plants, and growing liquidity of tradable LNG have resulted in the commoditization of LNG similar to oil. Therefore, the commoditization of LNG has increased activities in the market and leverage for the players. This factor should positively impact the growth during our forecast period. Technavio’s market research analysts have predicted that the Global large-scale LNG terminals market will register a CAGR of more than 2% by 2022.
Increasing global energy demand
Natural gas is preferred over oil due to its environmental benefits. In addition, the increasing demand for fuel from developing such as India and China, are likely to people the global Large- scale LNG terminal market during our forecast period.
Lack of adequate LNG supply chain infrastructure
The lack of infrastructure and investment in building a viable LNG supply chain which fail to support the increasing demand for natural gas. This will hinder the market growth during our forecast period.
For the detailed list of factors that will drive and challenge the growth of the large-scale LNG terminals market during the 2018-2022, view our report.
The large-scale LNG terminals market is fragmented owing to the presence of several established and regional vendors. The global commoditization of LNG has opened up new avaneues for the stakeholders. These stakeholders will have a new growth opportunity. This has also raised the level of competition in this fragmented market will further intensify in the coming years. This large-scale LNG terminals industry analysis report will help clients in identifying new growth opportunities and designing new growth strategies, in light of the competition available in this domain.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook