Growing industrialization & urbanization coupled with increasing number of power related projects to drive the growth of Qatar LNG market
According to TechSci Research report, “Qatar LNG Market By Mode of Supply, By Application, By End Use, By Region, Competition, Forecast & Opportunities, 2025” the Qatar LNG market is expected to grow at a steady rate during the forecast period owing to the rising energy consumption, growing urban population, increasing demand of natural gas vehicles, accelerating economic growth, among others. Additionally, expansion of existing LNG terminals and growing demand for natural gas as an alternate fuel are major factors projected to propel the market during the coming years. However, insufficient pipeline infrastructure can hamper the growth of market during forecast period.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on “ Qatar LNG Market”
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of providers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the providers, distribution channels and presence of all major players across the region.
TechSci Research calculated the market size of Qatar LNG market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The Qatar LNG market is segmented based on mode of supply, application, end use, region and company. Based on application, the market can be categorized into heating, process and power generation. The power generation segment is expected to dominate the market through 2025 attributable to the reduced amount of harmful environmental impacts, low fuel switching cost, as well as the decline in the prices, among others.
Qatar Liquefied Gas Company Limited, RasGas Company Limited, Nakilat, Qatar Petroleum, Exxon Mobil Corporation and others are some of the leading players operating in Qatar LNG market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“Qatar LNG market is expected to witness significant growth through 2025 owing to the growing demand for natural gas and increasing disposable income of consumers in the country. Additionally, growing adoption of natural gas in various downstream industries due to concerns associated with poor air quality, coupled with booming downstream infrastructural developments, increasing capital investments in oil & gas exploration and production activities, and favorable policy environment is anticipated to further propel the market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Qatar LNG Market By Mode of Supply, By Application, By End Use, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Qatar LNG market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Qatar LNG market.
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