Small Scale LNG Market 2023: Industry Analysis, Types, Manufacturers and Demand

Small Scale LNG Market Research Report- Forecast to 2023

Small Scale LNG Market 2023: Industry Analysis, Types, Manufacturers and Demand

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Copyright Š 2018 Market Research Future.

Small Scale LNG Market Research Report- Forecast to 2023

1 Summary The government initiatives that focus on providing cleaner fuel, is driving the market, especially in countries such as India and China. The market is further driven by the growing adoption of LNG for heavy duty transportation purposes in the Europe and North American regions. However, the growth of this market can be restrained by the extensive investment required to construct LNG storage plants and fluctuation in global gas market prices.

Key Players: The key players of global small scale LNG Markets are Public Joint Stock Company Gazprom (Russia), Engie SA(France), and The Linde Group (Germany), Honeywell International Inc. (U.S), General Electric (U.S), Wärtsilä Corporation (Finland), Skangas AS (Norway), Prometheus Energy (U.S), Excelerate Energy L.P (U.S) and IHI Corporation (Japan).

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Copyright © 2018 Market Research Future.

Small Scale LNG Market Research Report- Forecast to 2023

2

Market Overview

Natural gas is sustainable energy source. However, the source faces storage issues as the volume of natural gas is high. To solve this problem, natural gas is converted to liquid form at liquefaction terminals, for ease of transportation. At the destination of end use, the liquefied gas is again converted to gas at regasification terminals. Globally, the number of liquefaction & regasification terminals are increasing, given the increasing demand for energy fuel.

Liquefied natural gas (LNG) is natural gas in its, liquid form. The gas is cooled at -1600C to convert it into an odorless, colorless liquid, that can be again re-gasified at end use destination. The typical value chain for the LNG includes gas production & transmission, treatment & liquefaction plant, storage, LNG shipping in ballasts, receiving terminals, regasification, and then to end user..

Segments

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Copyright Š 2018 Market Research Future.

Small Scale LNG Market Research Report- Forecast to 2023

3 Market Research Analysis Europe and the North America regions are investing heavily for developing the LNG gas infrastructure. In Europe, there has been significant increase in demand for LNG, especially in countries such as UK, France and Italy. Continuous adaptation from countries to switch to cleaner fuels for power generation and in transportation sector is essentially driving the growth of LNG market in the region. New climate change regulations and requirement by transport authorities to reduce carbon emissions from fleet operations, are driving the use of LNG.

The market is expected to grow in Asia Pacific region and Africa region due to increasing demand for natural gas as fuel for power and automobile industry. Besides, the regions are experiencing surge in projects of liquefaction and regasification terminal. For instance, Japan and South Korea are increasing their liquefaction capacity, thus, driving the market.

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Copyright Š 2018 Market Research Future.

Small Scale LNG Market Research Report- Forecast to 2023

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Copyright Š 2018 Market Research Future.