The global Small Scale LNG market was valued at 8307.94 Million USD in 2020 and will grow with a CAGR of 10.46% from 2020 to 2027, based on HNY Research newly published report.
The prime objective of this
report “Global
and Regional Small Scale LNG Industry Status and Prospects Professional Market
Research Report Standard Version 2021-2027” is to provide the insights
on the post COVID-19 impact which will help market players in this field
evaluate their business approaches. Also, this report covers market
segmentation by major market verdors, types, applications/end users and
geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle
East, Africa, Oceania, South America).
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.
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.
Global
Small Scale LNG market is expected to witness phenomenal
growth during the forecast period. 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. Egypt has emerged as new importer for LNG while Mozambique has
discovered a new gas field, which will make the nation a huge gas exporter.
Europe region is likely to follow the small-scale LNG market after Asia Pacific
and Africa regions. According to European Union policies, the nations are
phasing out coal-based power plants, thus creating surge in demand for LNG.
By
Market Verdors:
Gazprom (Russia)
Engie SA (France)
Honeywell International Inc.
(US)
Wartsila Corporation
(Finland)
The Linde Group (Germany)
Gasum
IHI Corporation (Japan)
Excelerate Energy L.P (U.S)
Prometheus Energy (U.S)
Cryostar (US)
GE Oil & Gas (US)
Novatek (Russia)
By
Types:
Liquefaction Terminal
Regasification Terminal
By
Applications:
Utilities
Residential
Industrial
Commercial
Marine
Transportation
Key
Indicators Analysed
Market
Players & Competitor Analysis: The report covers the key
players of the industry including Company Profile, Product Specifications,
Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 &
Sales with a thorough analysis of the market's competitive landscape and
detailed information on vendors and comprehensive details of factors that will
challenge the growth of major market vendors.
Global
and Regional Market Analysis: The report includes Global
& Regional market status and outlook 2016-2027. Further the report provides
break down details about each region & countries covered in the report.
Identifying its sales, sales volume & revenue forecast. With detailed
analysis by types and applications.
Market
Trends: Market key trends which include Increased Competition
and Continuous Innovations.
Opportunities
and Drivers: Identifying the Growing Demands and New
Technology
Porters
Five Force Analysis: The report provides with the state of
competition in industry depending on five basic forces: threat of new entrants,
bargaining power of suppliers, bargaining power of buyers, threat of substitute
products or services, and existing industry rivalry.
For More
Information, refer to below link:-
Global
Small Scale LNG market Analysis 2021
Related Reports
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
