US LNG Infrastructure Market Size and Trends (2024–2029)
The US LNG infrastructure market is projected to grow by USD 1.04 billion, registering a CAGR of 5.9% between 2024 and 2029. This growth is primarily driven by rising concerns over carbon emissions and air pollution from traditional fossil fuels, prompting a shift toward cleaner alternatives like LNG. The maritime industry, in particular, is adopting LNG as a bunker fuel to lower sulfur oxide and nitrogen oxide emissions.
The market includes the development and operation of liquefaction and regasification terminals, along with floating LNG terminals. The ongoing US-China trade tensions have also stimulated demand for LNG as both nations diversify their energy sources. However, LNG infrastructure projects face growing complexity due to stringent regulatory frameworks, environmental concerns, and technological advancements. Mitigating methane emissions and managing environmental impacts of LNG operations are key industry challenges.
Role in the Energy Sector LNG infrastructure is crucial in the US power sector’s shift toward cleaner energy. Natural gas, favored for its lower carbon footprint compared to coal and oil, has become increasingly vital for power generation. The US, one of the top natural gas consumers, is seeing rising imports of LNG, particularly during high-demand periods. Regasification terminals are key to converting imported LNG back into gas for distribution, while liquefaction terminals prepare natural gas for export or storage.
Floating LNG terminals offer a modern alternative for areas lacking land-based infrastructure. These mobile units are especially useful for tapping into offshore gas reserves. The overall use of LNG in power generation contributes significantly to reduced emissions.
Market Dynamics
Key Driver: Surge in LNG Production The increase in LNG production, driven by abundant shale gas and unconventional resources, is significantly fueling market expansion. Infrastructure such as LNG receiving terminals and city gas distribution systems are being developed rapidly to support growing demand. Small-scale LNG and compressed natural gas (CNG) are also gaining traction in transportation.
Key Trend: Growth in LNG Bunkering LNG is becoming a preferred fuel in the maritime sector due to its cleaner combustion. Ports are investing in bunkering infrastructure to meet this rising demand. Regulations by the International Maritime Organization (IMO) targeting emissions reduction are further encouraging LNG adoption in shipping.
Key Challenge: Trade Tensions The ongoing trade conflict between the US and China poses a challenge. Tariffs and restrictions have led to increased operational costs and reduced profitability for infrastructure vendors. Chinese tariffs on US products continue to hinder trade flows and market expansion.
Key Companies:
Bechtel Corp.
Cheniere Energy Inc.
Chevron Corp.
Chiyoda Corp.
Dominion Energy Inc.
Dow Inc.
Exxon Mobil Corp.
Fluor Corp.
Freeport LNG Development LP
McDermott International Ltd.
Mitsubishi Corp.
NextDecade Corp.
Saipem S.p.A.
Sempra Energy
TotalEnergies SE
Table of Content
1 Executive Summary
1.1 Market overview
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
2.3 Factors of disruption
2.4 Impact of drivers and challenges
3 Market Landscape
3.1 Market ecosystem
3.2 Market characteristics
3.3 Value chain analysis
4 Market Sizing
4.1 Market definition
4.2 Market segment analysis
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
5 Historic Market Size
5.1 LNG Infrastructure Market in US 2018 - 2022
5.2 Type segment analysis 2018 - 2022
5.3 End-user segment analysis 2018 - 2022
6 Qualitative Analysis
6.1 Impact of AI on the LNG Infrastructure Market in US
7 Five Forces Analysis
7.1 Five forces summary
7.2 Bargaining power of buyers
7.3 Bargaining power of suppliers
7.4 Threat of new entrants
7.5 Threat of substitutes
7.6 Threat of rivalry
7.7 Market condition
8 Market Segmentation by Type
8.1 Market segments
8.2 Comparison by Type
8.3 Liquefaction terminal - Market size and forecast 2023-2028
8.4 Regasification terminal - Market size and forecast 2023-2028
8.5 Market opportunity by Type
9 Market Segmentation by End-user
9.1 Market segments
9.2 Comparison by End-user
9.3 Power generation - Market size and forecast 2023-2028
9.4 Transportation fuel - Market size and forecast 2023-2028
9.5 Others - Market size and forecast 2023-2028
9.6 Market opportunity by End-user
10 Customer Landscape
10.1 Customer landscape overview
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
12.3 Landscape disruption
12.4 Industry risks
13 Competitive Analysis
13.1 Companies profiled
13.2 Company ranking index
13.3 Market positioning of companies
13.4 Bechtel Corp.
13.5 Cheniere Energy Inc.
13.6 Chevron Corp.
13.7 Chiyoda Corp.
13.8 Exxon Mobil Corp.
13.9 Fluor Corp.
13.10 McDermott International Ltd.
13.11 NextDecade Corp.
NextDecade Corp. - Overview
NextDecade Corp. - Product / Service
NextDecade Corp. - Key news
NextDecade Corp. - Key offerings
SWOT
13.12 Sempra Energy
13.13 TotalEnergies SE
Research Methodology
All our research reports employ a mixed-methods approach, leveraging both primary and secondary research techniques to develop a comprehensive and well-informed analysis. The methodology ensures a balanced perspective by combining data-driven insights with expert opinions.
1. Secondary Research
Secondary research formed the foundation of the study, offering a contextual understanding of the market landscape, historical trends, and existing data. This phase involved gathering and analyzing information from:
2. Primary Research
To validate and complement secondary findings, extensive primary research was conducted. This included both quantitative data collection and qualitative insights, particularly through expert consultations.
a. Expert Consultations (Qualitative Primary Research)
In-depth interviews were conducted with a wide range of industry stakeholders, including:
b. Surveys and Questionnaires (Quantitative Primary Research)
Structured surveys were distributed among:
3. Data Validation and Triangulation
Findings from secondary and primary sources were cross-validated through data triangulation to ensure accuracy, consistency, and reliability. This process involved comparing insights from different sources and reconciling discrepancies through expert feedback.
4. Analytical Tools and Frameworks
Various analytical models were applied to interpret the collected data:
Conclusion
The combination of comprehensive secondary research and robust primary data collection—enhanced by expert consultations—ensured the development of a well-rounded and in-depth analysis. This approach enables strategic decision-making backed by both empirical evidence and industry expertise.
For detailed methodology for this particular report please write to us on info@syovi.com