LNG as a Fuel Market growing at 8 % CAGR | Mordor Intelligence Report

The LNG as a Fuel Market is witnessing steady expansion due to the rising shift from traditional fuels toward cleaner and cost-effective alternatives. Liquefied natural gas (LNG) is gaining traction as a preferred fuel in transportation and energy generation sectors, particularly where environmental regulations are strict. With global awareness of greenhouse gas emissions rising, LNG offers a solution that balances economic and environmental demands.

According to Mordor Intelligence, the market is growing at a CAGR of 8% during the forecast period. 

Sector Insights  

• Transportation segment dominates LNG consumption, with heavy-duty trucks and buses leading adoption in China and Europe. 
• LNG-powered ships are increasing, with over 120 vessels operating as of 2018 and more cruise ships in order for LNG fuel. 
• Government incentives and environmental regulations are encouraging LNG adoption across industrial and commercial transportation sectors. 
• Asia-Pacific is the fastest-growing market, driven by energy infrastructure development and increased LNG-based vehicle deployment. 
• Rising LNG bunkering facilities support marine and shipping industry demand globally. 

Discover how market shifts are impacting your region-check out the full report and the Japanese version for local relevance - https://www.mordorintelligence.com/ja/industry-reports/lng-as-a-fuel-market?utm_source=Industrytoday  

Segmentation Analysis 

Application: 

• Transportation 
• Market Overview 
• LNG as a Bunkering Fuel Demand Forecast (till 2025) 
• Number of LNG-fired Ships in Operation and on Order (as of 2019) 
• Major LNG Bunkering Facilities around the World (as of 2019) 
• Power Generation 
• Market Overview 
• Key LNG-fired Power Generation Plants (as of 2019) 

Geography: 

• North America 
• Europe 
• Asia-Pacific 
• South America 
• Middle-East and Africa 

 Core Market Participants  

• Royal Dutch Shell Plc 
• Total S.A. 
• BP Plc 
• Exxon Mobil Corporation 
• Chevron Corporation 

Explore more insights on LNG as a Fuel competitive landscape: https://www.mordorintelligence.com/industry-reports/lng-as-a-fuel-market/companies?utm_source=Industrytoday  

Dominating Country 

China is the leading market for LNG as a Fuel, driven by its focus on cleaner energy solutions and the adoption of LNG in transportation and power generation. Strong government support, infrastructure development, and rising awareness of environmental sustainability make China the dominant hub for LNG as a fuel adoption globally. 

Conclusion 

The LNG as a Fuel Market continues to grow steadily, driven by rising demand for cleaner and cost-effective energy solutions in transportation and power generation. With strong industry players, supportive policies, and expanding infrastructure, LNG is set to play an increasingly important role in the global fuel landscape. 

Explore related reports from Mordor Intelligence 

Asia-Pacific Small-Scale LNG Market -  https://www.mordorintelligence.com/industry-reports/asia-pacific-small-scale-lng-market?utm_source=Industrytoday 

Australia LNG Bunkering Market - https://www.mordorintelligence.com/industry-reports/australia-lng-bunkering-market?utm_source=Industrytoday 

China LNG Bunkering Market -  https://www.mordorintelligence.com/industry-reports/china-lng-bunkering-market?utm_source=Industrytoday 

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