The ‘Global LNG Market - Analysis By Liquefaction Technology, By End User Application, By Region, By Country (2019 Edition): Opportunities and Forecast (2013 – 2023)’ report has been added to ResearchAndMarkets.com’s offering. A summary of the report’s findings can be found below.
The global LNG market is likely to witness significant growth over the forecast period owing to rising demand of electricity and increasing awareness of natural gas potential to alleviate pollution, reduce carbon emission and provide energy access.
The Asia Pacific LNG market is projected to display a growth represented by a CAGR of over 8.40% during 2018 – 2023, primarily driven by growing economy and establishment of manufacturing facilities.
China and India are the biggest markets in the current period and expected to be followed by Japan, South Korea in the forecast period. The LNG market is being driven by rapid price reductions and growing customer demands for increased functionality.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/08022019/global-lng-market-analysis-2013-2019-forecast-to-2023-report-released/