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The LNG infrastructure market share in the US is expected to increase to USD 1.12 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.26%.
This LNG infrastructure market in the US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the LNG infrastructure market in the US segmentation by the following:
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The LNG infrastructure market in the US report also offers information on several market vendors, including Bechtel Corp., Cheniere Energy Inc., Chevron Corp., Chiyoda Corp., Exxon Mobil Corp., Fluor Corp., McDermott International Inc., NextDecade Corp., Sempra Energy, and TotalEnergies SE among others.
The increase in LNG production is notably driving the LNG infrastructure market growth in the US, although factors such as the impact of the ongoing trade war between the US and China may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the LNG infrastructure industry in the US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key LNG Infrastructure Market Driver in the US
The increase in LNG production is one of the key drivers supporting the LNG infrastructure market growth in the US. The increase in the supply of coalbed methane, shale gas, and tight gas has made natural gas one of the fastest-growing fossil fuels in the US. According to the IEA, by 2022, the US will produce 890bcm or 22% of global natural gas production. Despite the growth in both domestic demand in the US and the production of natural gas, it is expected that more than half of the additional natural gas produced will be converted into LNG for export to the countries where domestic natural gas production is nil or insufficient to meet the demand. Hence, the increase in natural gas production has led to a rise in LNG marketing.
Key LNG Infrastructure Market Trend in the US
The growing demand for LNG bunkering is another factor supporting the LNG infrastructure market growth in the US. There have been significant developments to make LNG bunkering more efficient and convenient. For instance, in October 2017, the universal transfer system (UTS) was developed to enable the transfer of LNG from an LNG carrier to bunker tanks onshore. It demonstrated a system that can bring bunkering infrastructure to a vessel using a floating platform connected to the shore with cryoline cryogenic floating hoses. Also, it reduces the impact of infrastructure establishment on the environment and can be retracted when not in use. Such developments in LNG bunkering coupled with the implementation of stringent emission regulations will further boost the demand for LNG as a marine fuel, thereby contributing to the growth of the LNG infrastructure market in the US during the forecast period.
Key LNG Infrastructure Market Challenge in the US
The ongoing trade war between the US and China is hindering the LNG infrastructure market growth in the US. The ongoing trade war can be attributed to the fact that these products are taxed at multiple points in the supply chain, which affects vendors' revenues. Aided by the increased need to reduce trade deficits between countries, the trade war is decreasing the import and export of products, which, in turn, is affecting the profit margin of vendors offering LNG infrastructure. For instance, the Chinese government has repeatedly announced an increase in tariffs on all US-based products in the recent past. The escalation of the trade war between countries will hinder the growth of the LNG infrastructure market in the US in terms of revenue during the forecast period.
This LNG infrastructure market in the US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the LNG infrastructure market in the US as a part of the global oil and gas exploration and production market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the LNG infrastructure market in the US during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the LNG infrastructure market in the US encompasses successful business strategies deployed by the key vendors. The LNG infrastructure market in the US is fragmented and the vendors are deploying growth strategies such as price, quality, brand identity, and distribution channels to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The LNG infrastructure market in the US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the LNG infrastructure market in the US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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The LNG infrastructure market share growth in the US by the power generation segment will be significant during the forecast period. Natural gas, including LNG, is expected to play a vital role in decarbonization and lowering the impact of emissions in the power generation sector. This is because all the different types of natural gas have a low carbon content and offer flexibility in power generation capacity, depending on the demand. However, with the growing focus on improving air quality, the US is turning to natural gas for power generation. Thus, the increasing demand for LNG in several power applications will drive the segment's growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the LNG infrastructure market size in the US and actionable market insights on post COVID-19 impact on each segment.
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LNG Infrastructure Market Scope in the US |
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***1. Executive Summary **1.1 Market Overview *Exhibit 01: Key Finding 1 *Exhibit 02: Key Finding 2 *Exhibit 03: Key Finding 5 *Exhibit 04: Key Finding 6 *Exhibit 05: Key Finding 7 ***2. Market Landscape **2.1 Market ecosystem *Exhibit 06: Parent market *Exhibit 07: Market characteristics **2.2 Value chain analysis *Exhibit 08: Value chain analysis *2.2.1 Inputs *2.2.2 Operations *2.2.3 Outbound logistics *2.2.4 End-users *2.2.5 Industry innovations ***3. Market Sizing **3.1 Market definition *Exhibit 09: Offerings of vendors included in the market definition **3.2 Market segment analysis *Exhibit 10: Market segments **3.3 Market size 2021 **3.4 Market outlook: Forecast for 2021 - 2026 *Exhibit 11: Global - Market size and forecast 2021 - 2026 ($ million) *Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%) ***4. Five Forces Analysis **4.1 Five Forces Summary *Exhibit 13: Five forces analysis 2021 & 2026 **4.2 Bargaining power of buyers *Exhibit 14: Bargaining power of buyers **4.3 Bargaining power of suppliers *Exhibit 15: Bargaining power of suppliers **4.4 Threat of new entrants *Exhibit 16: Threat of new entrants **4.5 Threat of substitutes *Exhibit 17: Threat of substitutes **4.6 Threat of rivalry *Exhibit 18: Threat of rivalry **4.7 Market condition *Exhibit 19: Market condition - Five forces 2021 ***5 Market Segmentation by End-user **5.1 Market segments *Exhibit 20: End-user - Market share 2021-2026 (%) **5.2 Comparison by End-user *Exhibit 21: Comparison by End-user **5.3 Power generation - Market size and forecast 2021-2026 *Exhibit 22: Power generation - Market size and forecast 2021-2026 ($ million) *Exhibit 23: Power generation - Year-over-year growth 2021-2026 (%) **5.4 Transportation fuel - Market size and forecast 2021-2026 *Exhibit 24: Transportation fuel - Market size and forecast 2021-2026 ($ million) *Exhibit 25: Transportation fuel - Year-over-year growth 2021-2026 (%) **5.5 Others - Market size and forecast 2021-2026 *Exhibit 26: Others - Market size and forecast 2021-2026 ($ million) *Exhibit 27: Others - Year-over-year growth 2021-2026 (%) **5.6 Market opportunity by End-user *Exhibit 28: Market opportunity by End-user ***6 Market Segmentation by Type **6.1 Market segments *Exhibit 29: Type - Market share 2021-2026 (%) **6.2 Comparison by Type *Exhibit 30: Comparison by Type **6.3 Liquefaction terminal - Market size and forecast 2021-2026 *Exhibit 31: Liquefaction terminal - Market size and forecast 2021-2026 ($ million) *Exhibit 32: Liquefaction terminal - Year-over-year growth 2021-2026 (%) **6.4 Regasification terminal - Market size and forecast 2021-2026 *Exhibit 33: Regasification terminal - Market size and forecast 2021-2026 ($ million) *Exhibit 34: Regasification terminal - Year-over-year growth 2021-2026 (%) **6.5 Market opportunity by Type *Exhibit 35: Market opportunity by Type ***7. Customer landscape **7.1 Overview *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria *Exhibit 36: ?Customer landscape? ***8. Drivers, Challenges, and Trends **8.1 Market drivers *8.1.1 Increase in LNG production *8.1.2 Growth in LNG liquefaction capacity *8.1.3 Rise in demand for cleaner fuels **8.2 Market challenges *8.2.1 Impact of ongoing trade war between US and China *8.2.2 High cost of installation *8.2.3 Fluctuation in crude oil prices *Exhibit 37: Impact of drivers and challenges **8.3 Market trends *8.3.1 Growing demand for LNG bunkering *8.3.2 Growing use of floating liquefied natural gas (FLNG) vessels *8.3.3 Commoditization of LNG ***9. Vendor Landscape **9.1 Competitive Scenario **9.2 Overview *Exhibit 38: Vendor landscape **9.2 Vendor Disruption *Exhibit 39: ?Landscape disruption? *Exhibit 40: Industry risks ***10. Vendor Analysis **10.1 Vendors covered *Exhibit 41: Vendors covered **10.2 Market positioning of vendors *Exhibit 42: ?Market positioning of vendors? **10.3 Bechtel Corp. *Exhibit 43: Bechtel Corp. - Overview *Exhibit 44: Bechtel Corp. - Product and service *Exhibit 45: Bechtel Corp.- Key news *Exhibit 46: Bechtel Corp. - Key offerings **10.4 Cheniere Energy Inc. *Exhibit 47: Cheniere Energy Inc. - Overview *Exhibit 48: Cheniere Energy Inc. - Business segments *Exhibit 49: Cheniere Energy Inc.- Key news *Exhibit 50: Cheniere Energy Inc. - Key offerings *Exhibit 51: Cheniere Energy Inc. - Segment focus **10.5 Chevron Corp. *Exhibit 52: Chevron Corp. - Overview *Exhibit 53: Chevron Corp. - Business segments *Exhibit 54: Chevron Corp.- Key news *Exhibit 55: Chevron Corp. - Key offerings *Exhibit 56: Chevron Corp. - Segment focus **10.6 Chiyoda Corp. *Exhibit 57: Chiyoda Corp. - Overview *Exhibit 58: Chiyoda Corp. - Business segments *Exhibit 59: Chiyoda Corp.- Key news *Exhibit 60: Chiyoda Corp. - Key offerings *Exhibit 61: Chiyoda Corp. - Segment focus **10.7 Exxon Mobil Corp. *Exhibit 62: Exxon Mobil Corp. - Overview *Exhibit 63: Exxon Mobil Corp. - Business segments *Exhibit 64: Exxon Mobil Corp.- Key news *Exhibit 65: Exxon Mobil Corp. - Key offerings *Exhibit 66: Exxon Mobil Corp. - Segment focus **10.8 Fluor Corp. *Exhibit 67: Fluor Corp. - Overview *Exhibit 68: Fluor Corp. - Business segments *Exhibit 69: Fluor Corp.- Key news *Exhibit 70: Fluor Corp. - Key offerings *Exhibit 71: Fluor Corp. - Segment focus **10.9 McDermott International Inc. *Exhibit 72: McDermott International Inc. - Overview *Exhibit 73: McDermott International Inc. - Business segments *Exhibit 74: McDermott International Ltd.- Key news *Exhibit 75: McDermott International Inc. - Key offerings *Exhibit 76: McDermott International Inc. - Segment focus **10.10 NextDecade Corp. *Exhibit 78: NextDecade Corp. - Business segments *Exhibit 79: NextDecade Corp.- Key news *Exhibit 80: NextDecade Corp. - Key offerings *Exhibit 81: NextDecade Corp. - Segment focus **10.11 Sempra Energy *Exhibit 82: Sempra Energy - Overview *Exhibit 83: Sempra Energy - Business segments *Exhibit 84: Sempra Energy- Key news *Exhibit 85: Sempra Energy - Key offerings *Exhibit 86: Sempra Energy - Segment focus **10.12 TotalEnergies SE *Exhibit 87: TotalEnergies SE - Overview *Exhibit 88: TotalEnergies SE - Business segments *Exhibit 89: TotalEnergies SE- Key news *Exhibit 90: TotalEnergies SE - Key offerings *Exhibit 91: TotalEnergies SE - Segment focus ***11. Appendix **11.1 Scope of the report *11.1.1 ????Market definition *11.1.2 ????Objectives *11.1.3 ????Notes and caveats **11.2 Currency conversion rates for US$ *Exhibit 92: ?Currency conversion rates for US$? **11.3 Research Methodology *Exhibit 93: ?Research Methodology *Exhibit 94: ??Validation techniques employed for market sizing? *Exhibit 95: ??Information sources **11.4 List of abbreviations *Exhibit 96: List of abbreviations Safe and Secure SSL Encrypted
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LNG Infrastructure Market in US by End-user and Type - Forecast and Analysis 2022-2026
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