Gas
Global gas and LNG equipment market set for steady growth
The worldwide market for liquefied natural gas and gas processing equipment is projected to expand significantly over the coming years, driven by rising infrastructure investments.
Key points
- Global market value estimated at USD 50.7 billion in 2025, climbing to USD 80.6 billion by 2033.
- Asia Pacific held the largest regional revenue share at 33.0% in 2025 according to Grand View Research.
- Upstream gas processing and gas processing equipment segments are expected to achieve the fastest growth rates.
Market expansion drivers
According to Grand View Research, worldwide spending on liquefied natural gas and gas processing machinery is on an upward trajectory. The sector is forecast to increase from USD 53.6 billion in 2026 to reach USD 80.6 billion by 2033, registering a compound annual growth rate of 6.0% over the period. Industry activity is supported by heightened capital allocation toward liquefaction facilities, storage terminals, regasification networks, and associated transport systems.
Procurement requirements are expanding as operators build new export terminals and boost trade volumes. Demand encompasses specialized machinery such as compressors, heat exchangers, pumps, and cryogenic systems. Beyond greenfield projects, facility owners are funding plant modernization and asset replacement to maintain reliability and adapt to varying feed-gas conditions.
Segment performance and regional share
Geographically, the Asia Pacific region led the sector with a 33.0% revenue share in 2025. Across market segments, midstream infrastructure accounted for the highest share at 43.1% in 2025 due to the complexity of liquefaction plants and export terminals. Meanwhile, upstream gas processing is anticipated to record the fastest compound annual growth rate through 2033, driven by the necessity to condition and purify raw gas resources before transmission.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
21.9% of electricity in the world came from gas in 2024Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
