Liquefied natural gas (LNG) is a kind of natural gas. The process of conversion of gas form into liquid form is called liquefaction. Liquefied natural gas is extensively used as one of the factors driving the demand for small-scale LNG during the forecast period. The increasing demand for small-scale LNG in various end-use applications such as marine transport, and industrial & power propelling the growth of the global small-scale LNG market during the forecast period.
MARKET DYNAMICS
The liquefied natural gas (LNG) vehicle fuel system brings natural gas to the engine at a required supply pressure while maximizing the fuel density at vehicle tanks and fueling stations. The increasing demand for heavy-duty vehicles boosts the demand for the global small-scale LNG market during the forecast period. Moreover, Due to the rising population, LNG is also used for cooking and heating purposes, the growth potential for the small-scale LNG market is expected to increase during the forecast period. Furthermore, strict emission control regulations by governments and international agencies have risen the production of LNG in developed as well as emerging economies. However, the high cost of LNG production and the use of high-end technologies in the production process makes the process challenging which hinders the growth of the global small-scale LNG market.
MARKET SCOPE
The Global Small-Scale LNG Market Analysis to 2028 is a specialized and in-depth study of the Small-scale LNG industry with a special focus on the global market trend analysis. The report aims to provide an overview Small-scale LNG market with detailed market segmentation as type, application, and geography. The global Small-scale LNG market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Small-scale LNG market players and offers key trends and opportunities in the Small-scale LNG market.
MARKET SEGMENTATION
The global small-scale LNG market is segmented on the basis of type, application. On the basis of type the market is segmented as liquefaction, regasification. On the basis of application the market is segmented as heavy-duty vehicles, industrial and power, marine transport, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Small-scale LNG market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Small-scale LNG market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Small-scale LNG market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the small-scale LNG market in these regions.
MARKET PLAYERS
The reports cover key developments in the small-scale LNG market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from small-scale LNG market are anticipated to lucrative growth opportunities in the future with the rising demand for Small-scale LNG in the global market. Below mentioned is the list of few companies engaged in the Small-scale LNG market.
The report also includes the profiles of key small-scale LNG companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Engie
- Excelerate Energy L.P.
- Gazprom
- General Electric Company
- Honeywell International Inc.
- Linde Group
- NOVATEK
- Plum Energy LLC
- SOFREGAZ
- Wartsila Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.