According to Stratistics MRC, the Global Small Scale LNG Market is accounted for $2.27 billion in 2019 and is expected to reach $3.14 billion by 2027 growing at a CAGR of 4.1% during the forecast period. Fiscal regime and subsidies and environmental benefits are the major factors propelling the market growth. However, incomplete LNG receiving terminal infrastructure in APAC is hampering the market growth.
Small-scale LNG is altogether the LNG transportation from liquefaction terminal to regasification terminals all the way through tankers, and trucks. The requirement for small-scale LNG arises from rising command for LNG, growing number for slighter capacity liquefaction terminals, and simpler storage space facilities. These terminals have highest capacity of 0.5 MMTPA. China had 4 small-scale LNG terminals, which can assemble the demand of natural gas for small-scale projects.
Based on the type, the liquefaction terminal segment is estimated to have a lucrative growth due to credited to the growing export of LNG, which needs liquefaction before it can be ecstatic from one port to another. In addition, the increasing quantity of liquefaction terminals across the world is determined by the raise in the command for LNG. The factors mentioned above are likely to impel command during the forecast period.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to its growing usage in various end-use applications, such as heavy-duty vehicles and industrial & power. The increase in command is because of the growing population, increasing disposable income, and economic growth in South Korea, China, and Taiwan.
Some of the key players profiled in the Small Scale LNG Market include Schlumberger, FTS International, National Oilwell Varco, Inc., Baker Hughes GE, Patterson-UTI Energy, U.S. Silica Holdings, FracChem LLC., Franklin Well Service LLC, Nuverra, TechnipFMC, Halliburton, US Well Services, EOG Resources, Honeywell International Inc. and Chart Industries Inc.
Types Covered:
Regasification Terminal Liquefaction TerminalMode of Supplies Covered:
Trucks Rail Captive Consumption through Pipeline & Rail Trans-shipment and BunkeringInfrastructures Covered:
Regas Facilities Truck-To-Ship Bunkering Bunker Barge Truck Fuelling Stations Bunkering Vessels LNG Storage Storage Hubs Bunkering Terminals LNG TrailersApplications Covered:
Industrial Feed Stock Marine Transport Commercial Utilities Residential Heavy-Duty Vehicles Power GenerationRegions Covered:
North AmericaCanadaMexico EuropeGermanyItalyFranceSpainRest of Europe Asia PacificJapanChinaIndiaAustraliaNew ZealandSouth KoreaRest of Asia Pacific South AmericaArgentinaBrazilChileRest of South America Middle East & AfricaSaudi ArabiaQatarSouth AfricaRest of Middle East & Africa本文链接： http://fracchem.immuno-online.com/view-768030.html
