Small Scale Lng Market Outlook, Report, Demand, Forecast 2026
Small-Scale LNG-Market worth around US $14.32 Billion by 2026
(EMAILWIRE.COM, October 11, 2019 ) The global small-scale LNG market is estimated to grow at a CAGR of 7.29 % during forecast period 2019-2026.
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. The small-scale LNG (LNG) terminals directly use liquefied natural gas in its liquid form, instead of a conventional model of regasification before its introduction in the gas transmission grid. LNG is gaining ground compared to coal and oil. LNG is cheaper, as well as, a way to meet emissions reduction commitments by governments.
Small-scale liquefied natural gas (ssLNG), a niche but nascent industry that is already profitable and scalable, boasts significant potential. It is well placed to meet the growing demand from the shipping and trucking industries for fuels that are more environmentally friendly than oil and diesel. Rising demand of SSLNG from the remote residential and industrial sectors for power generation is also expected to drive the market during the forecast period. It is estimated that increasing environmental concerns from the utilization of diesel vehicles is likely to increase the adoption of green fuel technologies such as natural gas.
Browse full report: https://www.datamintelligence.com/research-report/small-scale-lng-market
With new technologies coming up like floating Regasification terminals combined with the expansion of the regasification terminals around the world will be boosting up the market for the LNG. Global regasification capacity has continued to increase, rising to 824 MTPA by February 2019. Unlike in 2017, regasification capacity additions did not outpace increases in liquefaction capacity and global trade, with a total 6.2 MTPA of net regasification capacity added during 2018 (22.8 MTPA of new additions minus 16.6 MTPA from floating storage and regasification unit (FSRU) departures over the year). Much of this capacity was added in China (10.6 MTPA), where suppliers sought to increase regasification in preparation for the 2018-2019 winter after the market had higher than expected demand in the 2017-2018 winter.
Asia Pacific is expected to grow at a higher pace during the forecast period.
Asia Pacific small-scale LNG market is valued at USD 4.88 Bn in 2018 and is estimated to grow at a CAGR of 7.64 % over the forecast period.
The Asia Pacific region is expected to grow at a healthy pace in the future owing to the increasing population of countries such as China, India and Japan coupled with the rising urbanization rates and growing automobile sales in countries such as China and India demanding more oil. The increasing automobile sales across the region has propelled the need for exploring safer fuels emitting lower emissions there by propelling small scale LNG establishments across the region creating numerous market opportunities. According to the International Organization of motor vehicles manufacturers (OICA), out of the 96.8 million vehicles sold globally, more than 48 million cars were sold in the Asia Pacific region with China alone accounting for more than 29 million car sales followed by 5.2 million in Japan and 4 million in India.
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Market Players
The global small-scale LNG market is dominated by key players such as Honeywell International Inc., The Linde Group, Engine SA, Dresser-Rand Group Inc., and Gazprom. The developing countries present opportunities for expansion to companies looking to enter the market and increase their global footprint. For instance, in 2017, USA-based Okra Energy acquired Cryogas, a Peruvian company specializing in the transportation and storage of liquefied natural gas (LNG), as well as the installation of satellite regasification plants. Other players in the global small-scale LNG market includes ENI SpA, Gasum Oy, Royal Dutch Shell PLC, Sofegraz S.A., Wartsila Oy and others.
Enquire before buying: https://www.datamintelligence.com/enquiry/small-scale-lng-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. The small-scale LNG (LNG) terminals directly use liquefied natural gas in its liquid form, instead of a conventional model of regasification before its introduction in the gas transmission grid. LNG is gaining ground compared to coal and oil. LNG is cheaper, as well as, a way to meet emissions reduction commitments by governments.
Small-scale liquefied natural gas (ssLNG), a niche but nascent industry that is already profitable and scalable, boasts significant potential. It is well placed to meet the growing demand from the shipping and trucking industries for fuels that are more environmentally friendly than oil and diesel. Rising demand of SSLNG from the remote residential and industrial sectors for power generation is also expected to drive the market during the forecast period. It is estimated that increasing environmental concerns from the utilization of diesel vehicles is likely to increase the adoption of green fuel technologies such as natural gas.
Browse full report: https://www.datamintelligence.com/research-report/small-scale-lng-market
With new technologies coming up like floating Regasification terminals combined with the expansion of the regasification terminals around the world will be boosting up the market for the LNG. Global regasification capacity has continued to increase, rising to 824 MTPA by February 2019. Unlike in 2017, regasification capacity additions did not outpace increases in liquefaction capacity and global trade, with a total 6.2 MTPA of net regasification capacity added during 2018 (22.8 MTPA of new additions minus 16.6 MTPA from floating storage and regasification unit (FSRU) departures over the year). Much of this capacity was added in China (10.6 MTPA), where suppliers sought to increase regasification in preparation for the 2018-2019 winter after the market had higher than expected demand in the 2017-2018 winter.
Asia Pacific is expected to grow at a higher pace during the forecast period.
Asia Pacific small-scale LNG market is valued at USD 4.88 Bn in 2018 and is estimated to grow at a CAGR of 7.64 % over the forecast period.
The Asia Pacific region is expected to grow at a healthy pace in the future owing to the increasing population of countries such as China, India and Japan coupled with the rising urbanization rates and growing automobile sales in countries such as China and India demanding more oil. The increasing automobile sales across the region has propelled the need for exploring safer fuels emitting lower emissions there by propelling small scale LNG establishments across the region creating numerous market opportunities. According to the International Organization of motor vehicles manufacturers (OICA), out of the 96.8 million vehicles sold globally, more than 48 million cars were sold in the Asia Pacific region with China alone accounting for more than 29 million car sales followed by 5.2 million in Japan and 4 million in India.
Download free sample: https://www.datamintelligence.com/download-sample/small-scale-lng-market
Market Players
The global small-scale LNG market is dominated by key players such as Honeywell International Inc., The Linde Group, Engine SA, Dresser-Rand Group Inc., and Gazprom. The developing countries present opportunities for expansion to companies looking to enter the market and increase their global footprint. For instance, in 2017, USA-based Okra Energy acquired Cryogas, a Peruvian company specializing in the transportation and storage of liquefied natural gas (LNG), as well as the installation of satellite regasification plants. Other players in the global small-scale LNG market includes ENI SpA, Gasum Oy, Royal Dutch Shell PLC, Sofegraz S.A., Wartsila Oy and others.
Enquire before buying: https://www.datamintelligence.com/enquiry/small-scale-lng-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results