Worldwide Small Scale LNG 2018 Market Size, Demand, Key Manufacturers and Regional Outlook | Industry Growth Forecasts 2023 Report

GLOBAL GAS DEMAND GROWTH BY SECTORS INCLUDING POWER, TRANSPORT, AND OTHERS, EXPANDED AT 2% CAGR
Global Small Scale LNG Market Research Report: Information by Type, Mode of Supply, Application (Utilities, Residential, Industrial, Commercial, Marine, Transportation), and Region – Forecast till 2023

Market Scenario

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.

Natural gas is a clean source fossil fuel with lowest emission of pollutants. The energy sector is facing issues owing to strict regulations against climate change, widening supply and demand gap, rising concern relating to cleaner and sustainable source of energy, and depleting fossil resources. 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.    

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Scope of the Report:-

This study provides an overview of the global small scale LNG market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global small scale LNG market by its type, application, operational depth and regions.

By Type

  • Liquefaction terminal,
  • Regasification terminal

By Application

  • Utilities
  • Residential
  • Industrial and Commercial
  • Marine
  • Transportation

By Region

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

Industry Top Key Players:-

  • Prometheus Energy
  • Cryostar
  • GE Oil & Gas
  • Honeywell International Inc.
  • Wärtsilä Corporation
  • and The Linde Group
  • Skangas AS
  • IHI Corporation
  • Excelerate Energy L.P

 

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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.

 

 

 

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