The storing of natural gas as liquified petroleum instead of gases is more convinent owing to the less volume which results in cost-effective more storage of petroleum. The rising urbanization leds to increase in power demand which is catered by LNG stations which helps drive the market growth over the forecast period. However, the stringent government regulations regarding LNG filling stations in various countries are expected to hamper the market growth.
MARKET SCOPE
The "Global LNG Stations Market Analysis to 2028" is a specialized and in-depth study of delivery of natural gas with a special focus on the global market trend analysis. The report aims to provide an overview of the LNG stations market with detailed market segmentation by station type, application and geography. The report provides key statistics on the market status of the leading LNG stations market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-On the basis of station type the market is segmented into mobile station and permanent station
-On the basis of application industry the market is segmented into transportation & logistics, marine, commercial, and others.
Drivers
-Growing urbanization is increasing the power demand
-The increasing demand for natural gases owing to the rise in Greenhouse Gas Emissions is fueling the market growth
-Stringent government regulations regarding LNG filling stations
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The LNG stations market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the LNG stations market in these regions.
IMPACT OF COVID-19 ON LNG STATIONS MARKET
The emergence of the COVID-19 has severely impacted the LNG stations market, which resulted decline in the market growth in the year 2020. The pandemic severely impacted the LNG market owing to decline in LNG transportation. However, from 2021, ease in restrictions and reopening of industries have increased the demand for LNG which further augmented the filling stations which help drives the market growth. The growing iniatives from key players in pandemic recovery period is fueling the market dynamics over the forecast period. For instance, In September 2020, the Clean Energy Fuels Corp., the leading provider of natural gas fuel for transportation in North America, had announced that Estes Express Lines will add to its fleet 50 new trucks fueled with Redeem renewable natural gas (RNG), bringing its total to 71. Thus, such upcoming developments in the LNG stations market along with growing demand for power during the pandemic recovery period is driving the market outlook.
MARKET PLAYERS
The report covers key developments in the LNG stations market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the LNG stations market are anticipated to provide lucrative growth opportunities in the future owing to growing investment in agricultural activities.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the LNG stations market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Linde plc
-Chevron Corporation
-Exxon Mobil Corporation
-Clean Energy Fuels
-Valero
-Origin Energy Limited
-China Gas Holdings Ltd.
-Bharat Petroleum Corporation Limited
-Chart Industries
-Shell