LNG MarketThe Liquified Natural Gas (LNG) Market was valued around USD 94.0 billion in 2019 and is expected to reach USD 137 billion by the end of2027, growing at a CAGR of 4.8% over the period (2020-2027).The factors driving the growth of LNG Market includes rise in the energy consumption around the world, degradation of coal reserves and increasing application of LNG for food processing, Bottling of beverages and manufacturing dairy products. As per the World Energy & Climate Statistics Yearbook- 2022, the world energy consumption rebounded by 5% in 2021, after declining from 4.5% in 2020, which will boost the LNG Market Growth in the approaching years. In addition, the growing focus towards using cleaner sources of energy, rise in Government’s expenditure on power related projects, increasing use of LNG as a fuel in the Automotive Industry, and rise in the crude oil prices across the globe, are some of the additional factors supplementing the LNG Market share. As per the data available at Statista, the revenue expenditure by the Central and State Governments in India has increased from INR 734.11 billion in 2014 to reach more than 1.4 trillion in 2018, which is expected to boost the LNG Market size in the coming years. As per the LNG Market Outlook The rising emphasis on reducing greenhouse gas emissions, increasing disposable incomes, growing investments by leading players on research and development and rapid urbanization, are further contributing to the market growth.  However, the growth of LNG Market is hindered due to inadequate pipeline infrastructure in the developing countries.The leading players operating in the market are China Petrochemical Corporation, Equinor ASA, Canadian Natural, Exxon Mobil Corporation, Chevron Corporation, Total, Royal Dutch Shell PLC, Gazprom, PetroChina Company Limited, and BP p.l.c., among others.Application: Segment AnalysisAccording to the LNG Market Analysis, the Power Generation segment is projected to grow at a significant CAGR during the forecast period. Rise in the prices of crude oil, growing emphasis on using cleaner sources of energy and rapid urbanization, are some of the factors responsible for the segment’s growth.Regional: Segment AnalysisAs per the LNG Market Forecast, the Asia-Pacific region is anticipated to expand at a remarkable CAGR over the forecast period. Rise in the energy consumption, rise in the number of infrastructure projects, expansion of the Automotive Industry, increasing Government’s expenditure on the construction of pipelines, high population growth rates and improvements in the living standards, are some of the important factors augmenting the market growth in Asia-Pacific region.Market SegmentationGlobal Liquefied Natural Gas (LNG) Market by Application  TransportationPower GenerationMining & IndustrialOthersGlobal Liquefied Natural Gas (LNG) Market by RegionAsia PacificChinaJapanIndiaRest of APACNorth AmericaUnited States of AmericaCanadaEuropeUnited KingdomGermanyFranceSpainRest of EuropeRoWBrazilSouth AfricaSaudi ArabiaUAEAbout GMI ResearchGMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com