LNG Stations Market Dynamics 2021-2031
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 2031" 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 2021 to 2031 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 2021. 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 2021, 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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 2021 to 2031 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 2021. 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 2021, 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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 LNG Stations Market - By Station Type
1.3.2 LNG Stations Market - By Application
1.3.3 LNG Stations Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LNG STATIONS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. LNG STATIONS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LNG STATIONS MARKET - GLOBAL MARKET ANALYSIS
6.1. LNG STATIONS - GLOBAL MARKET OVERVIEW
6.2. LNG STATIONS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LNG STATIONS MARKET - REVENUE AND FORECASTS TO 2028 - STATION TYPE
7.1. OVERVIEW
7.2. STATION TYPE MARKET FORECASTS AND ANALYSIS
7.3. MOBILE STATION
7.3.1. Overview
7.3.2. Mobile Station Market Forecast and Analysis
7.4. PERMANENT STATION
7.4.1. Overview
7.4.2. Permanent Station Market Forecast and Analysis
8. LNG STATIONS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. TRANSPORTATION AND LOGISTICS
8.3.1. Overview
8.3.2. Transportation and Logistics Market Forecast and Analysis
8.4. MARINE
8.4.1. Overview
8.4.2. Marine Market Forecast and Analysis
8.5. COMMERCIAL
8.5.1. Overview
8.5.2. Commercial Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. LNG STATIONS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America LNG Stations Market Overview
9.1.2 North America LNG Stations Market Forecasts and Analysis
9.1.3 North America LNG Stations Market Forecasts and Analysis - By Station Type
9.1.4 North America LNG Stations Market Forecasts and Analysis - By Application
9.1.5 North America LNG Stations Market Forecasts and Analysis - By Countries
9.1.5.1 United States LNG Stations Market
9.1.5.1.1 United States LNG Stations Market by Station Type
9.1.5.1.2 United States LNG Stations Market by Application
9.1.5.2 Canada LNG Stations Market
9.1.5.2.1 Canada LNG Stations Market by Station Type
9.1.5.2.2 Canada LNG Stations Market by Application
9.1.5.3 Mexico LNG Stations Market
9.1.5.3.1 Mexico LNG Stations Market by Station Type
9.1.5.3.2 Mexico LNG Stations Market by Application
9.2. EUROPE
9.2.1 Europe LNG Stations Market Overview
9.2.2 Europe LNG Stations Market Forecasts and Analysis
9.2.3 Europe LNG Stations Market Forecasts and Analysis - By Station Type
9.2.4 Europe LNG Stations Market Forecasts and Analysis - By Application
9.2.5 Europe LNG Stations Market Forecasts and Analysis - By Countries
9.2.5.1 Germany LNG Stations Market
9.2.5.1.1 Germany LNG Stations Market by Station Type
9.2.5.1.2 Germany LNG Stations Market by Application
9.2.5.2 France LNG Stations Market
9.2.5.2.1 France LNG Stations Market by Station Type
9.2.5.2.2 France LNG Stations Market by Application
9.2.5.3 Italy LNG Stations Market
9.2.5.3.1 Italy LNG Stations Market by Station Type
9.2.5.3.2 Italy LNG Stations Market by Application
9.2.5.4 United Kingdom LNG Stations Market
9.2.5.4.1 United Kingdom LNG Stations Market by Station Type
9.2.5.4.2 United Kingdom LNG Stations Market by Application
9.2.5.5 Russia LNG Stations Market
9.2.5.5.1 Russia LNG Stations Market by Station Type
9.2.5.5.2 Russia LNG Stations Market by Application
9.2.5.6 Rest of Europe LNG Stations Market
9.2.5.6.1 Rest of Europe LNG Stations Market by Station Type
9.2.5.6.2 Rest of Europe LNG Stations Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific LNG Stations Market Overview
9.3.2 Asia-Pacific LNG Stations Market Forecasts and Analysis
9.3.3 Asia-Pacific LNG Stations Market Forecasts and Analysis - By Station Type
9.3.4 Asia-Pacific LNG Stations Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific LNG Stations Market Forecasts and Analysis - By Countries
9.3.5.1 Australia LNG Stations Market
9.3.5.1.1 Australia LNG Stations Market by Station Type
9.3.5.1.2 Australia LNG Stations Market by Application
9.3.5.2 China LNG Stations Market
9.3.5.2.1 China LNG Stations Market by Station Type
9.3.5.2.2 China LNG Stations Market by Application
9.3.5.3 India LNG Stations Market
9.3.5.3.1 India LNG Stations Market by Station Type
9.3.5.3.2 India LNG Stations Market by Application
9.3.5.4 Japan LNG Stations Market
9.3.5.4.1 Japan LNG Stations Market by Station Type
9.3.5.4.2 Japan LNG Stations Market by Application
9.3.5.5 South Korea LNG Stations Market
9.3.5.5.1 South Korea LNG Stations Market by Station Type
9.3.5.5.2 South Korea LNG Stations Market by Application
9.3.5.6 Rest of Asia-Pacific LNG Stations Market
9.3.5.6.1 Rest of Asia-Pacific LNG Stations Market by Station Type
9.3.5.6.2 Rest of Asia-Pacific LNG Stations Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa LNG Stations Market Overview
9.4.2 Middle East and Africa LNG Stations Market Forecasts and Analysis
9.4.3 Middle East and Africa LNG Stations Market Forecasts and Analysis - By Station Type
9.4.4 Middle East and Africa LNG Stations Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa LNG Stations Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa LNG Stations Market
9.4.5.1.1 South Africa LNG Stations Market by Station Type
9.4.5.1.2 South Africa LNG Stations Market by Application
9.4.5.2 Saudi Arabia LNG Stations Market
9.4.5.2.1 Saudi Arabia LNG Stations Market by Station Type
9.4.5.2.2 Saudi Arabia LNG Stations Market by Application
9.4.5.3 U.A.E LNG Stations Market
9.4.5.3.1 U.A.E LNG Stations Market by Station Type
9.4.5.3.2 U.A.E LNG Stations Market by Application
9.4.5.4 Rest of Middle East and Africa LNG Stations Market
9.4.5.4.1 Rest of Middle East and Africa LNG Stations Market by Station Type
9.4.5.4.2 Rest of Middle East and Africa LNG Stations Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America LNG Stations Market Overview
9.5.2 South and Central America LNG Stations Market Forecasts and Analysis
9.5.3 South and Central America LNG Stations Market Forecasts and Analysis - By Station Type
9.5.4 South and Central America LNG Stations Market Forecasts and Analysis - By Application
9.5.5 South and Central America LNG Stations Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil LNG Stations Market
9.5.5.1.1 Brazil LNG Stations Market by Station Type
9.5.5.1.2 Brazil LNG Stations Market by Application
9.5.5.2 Argentina LNG Stations Market
9.5.5.2.1 Argentina LNG Stations Market by Station Type
9.5.5.2.2 Argentina LNG Stations Market by Application
9.5.5.3 Rest of South and Central America LNG Stations Market
9.5.5.3.1 Rest of South and Central America LNG Stations Market by Station Type
9.5.5.3.2 Rest of South and Central America LNG Stations Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LNG STATIONS MARKET, KEY COMPANY PROFILES
11.1. LINDE PLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CHEVRON CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EXXON MOBIL CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CLEAN ENERGY FUELS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. VALERO
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ORIGIN ENERGY LIMITED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CHINA GAS HOLDINGS LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BHARAT PETROLEUM CORPORATION LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. CHART INDUSTRIES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SHELL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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