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Liquefied Natural Gas Expanding at a CAGR of 2.8% Between 2013 and 2019.Transparency Market Research(ReleaseWire Via Acquire Media NewsEdge) Liquefied Natural Gas Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019Albany, NY -- (ReleaseWire) -- 09/16/2014 -- The liquefied natural gas market was valued at USD 161.4 million in 2012 and is expected to reach USD 196.4 million by 2019, expanding at a CAGR of 2.8% between 2013 and 2019. Key end-user segments analyzed in the study include industrial sector, electric power and other segments such as transportation and commercial. In terms of volume, industrial sector was the largest segment, accounting for around 43.0% of the total market share in 2012. Industries such as fertilizers and petrochemicals are major consumers of LNG as large share of LNG is consumed by these sectors. Electric power sector accounted for a moderate share of the total LNG market, followed by other sectors such as transportation and commercial. Browse the full Liquefied Natural Gas (LNG) Market report http://www.transparencymarketresearch.com/liquefied-natural-gas-market.html Asia Pacific dominated the global market for liquefied natural gas in 2012. The region constituted the highest percentage of the global LNG market in terms of volume. Asia Pacific is the leading market in terms of demand for LNG as compared to other regions such as Europe and RoW. This is mainly ascribed to high demand from Japan, South Korea, China and India. Asia Pacific is anticipated to exhibit the highest growth rate during the forecast period, led by developing economies such as India and China. Countries such as South Korea and Japan rely on LNG to cater to domestic needs. Europe and RoW accounted for substantial shares of the total LNG market in 2012. Import of LNG is anticipated to decline due to increase in renewable energy, which acts as a substitute for natural gas for power generation. The global liquefied natural gas market has witnessed significant growth over the last few years. Related & Recently Published Reports by Transparency Market Research Wind Energy Market and Wind Turbine Market: http://www.transparencymarketresearch.com/wind-energy-wind-turbine-market.html Low Voltage Cables Market: http://www.transparencymarketresearch.com/low-voltage-cables-market.html Coal Bed Methane Market: http://www.transparencymarketresearch.com/coal-bed-methane-market.html Companies such as Apache Corporation, BG Group Plc, Cheniere Energy Inc, ConocoPhillips, Dominion Resources Inc, Kinder Morgan Inc, Qatar Petroleum, Sempra Energy, Veresen Inc and Woodside Petroleum Ltd are expected to dominate the liquefied natural gas market in the next few years. Liquefied Natural Gas Market: End-User Analysis Industrial Electric power Others Browse the full Liquefied Natural Gas (LNG) Market report at http://www.transparencymarketresearch.com/liquefied-natural-gas-market.html Liquefied Natural Gas Market: Regional Analysis Europe Asia Pacific Rest of the World (RoW) Browse Energy & Mining Market Research Reports @ http://www.transparencymarketresearch.com/energy-market-reports-3.html About Transparency Market Research Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact: Ms. Sheela AK 90 Sate Street, Suite 700 Albany, NY 12207 Tel: 518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.comFor more information on this press release visit: http://www.releasewire.com/press-releases/liquefied-natural-gas-expanding-at-a-cagr-of-28-between-2013-and-2019transparency-market-research-545137.htmMedia Relations ContactSheela AKAssistant ManagerTransparencymarketresearchTelephone: 518-618-1030Email: Click to Email Sheela AKWeb: http://www.transparencymarketresearch.com/ |