Small Scale LNG Market Report Analysis – Market Share, Industry Size, and Forecast 2025
MarketResearchNest.com adds “Global (United States, European Union and China) Small Scale LNG Market Research Report 2019-2025”new report to its research database. The report spread across 110 pages with multiple tables and figures in it. This comprehensive Small Scale LNG Market research report includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
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 and transmission, treatment and 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.
In 2019, the market size of Small Scale LNG is — million US$ and it will reach — million US$ in 2025, growing at a CAGR of –% from 2019; while in China, the market size is valued at — million US$ and will increase to — million US$ in 2025, with a CAGR of –% during forecast period. In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Small Scale LNG.
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This report studies the global market size of Small Scale LNG, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia). This study presents the Small Scale LNG sales volume, revenue, market share and growth rate for each key company, and also covers the breakdown data (sales, revenue and market share) by regions, type and applications. History breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
- Gazprom (Russia)
- Engie SA (France)
- Honeywell International Inc. (U.S.)
- WÃ¤rtsilÃ¤ Corporation (Finland)
- The Linde Group (Germany)
- Skangas AS (Norway)
- IHI Corporation (Japan)
- Excelerate Energy L.P (U.S)
- Prometheus Energy (U.S)
- Cryostar (U.S.)
- GE Oil and Gas (U.S.)
- Novatek (Russia)
Market Segment by Product Type
- Liquefaction Terminal
- Regasification Terminal
Market Segment by Application
Key Regions split in this report: breakdown data for each region.
United States, China, European Union, Rest of World (Japan, Korea, India and Southeast Asia)
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The study objectives are:
- To analyze and research the Small Scale LNG status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
- To present the key Small Scale LNG manufacturers, presenting the sales, revenue, market share, and recent development for key players.
- To split the breakdown data by regions, type, companies and applications
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Small Scale LNG are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
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“Energy can be defined as the strength and vitality required for sustained physical or mental activity. Energy can exist in a variety of forms, such as electrical, mechanical, chemical, thermal or nuclear, and can be transformed from one form to another”
Two goals that might seem to conflict, but that are actually in harmony are economize and innovate, in the industrialized world, the electric power and utilities sector find itself pulled to these two goals. The rise in demand for electricity has been consistently lower than general economic growth in recent years, affecting the production and sales of all the products running on electric energy. Innovations in power and energy sector technology are advancing at a pace that has surprised developers and adaptors. If you are dealing with the power, energy and utilities sector, you have to face the challenge of closing the demand gap and provide value for customers profitably. While meeting the demand gap one should always consider that, business customers are increasingly interested in managing their energy use patterns. The rapid proliferation of smart-home devices could change consumer attitudes more quickly than expected.
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