Small-Scale LNG Market Worth 299.15 Million Tons per Annum by 2021

News provided by

MarketsandMarkets

21 Apr, 2017, 16:00 BST

PUNE, India, April 21, 2017 /PRNewswire/ --

The report "Small-Scale LNG Market by Type (Liquefaction Terminal, and Regasification Terminal), End-User (Heavy-Duty Vehicles, Electric Power Generation, Marine Transport), and Region - Global Forecast to 2021" published by MarketsandMarkets™, the market is projected to grow from 262.38 Million Tons Per Annum in 2016 to 299.15 Million tons per annum by 2021, at a CAGR of 2.7% between 2016 and 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 64 market data Tables and 38 Figures spread through 133 Pages and in-depth TOC on "Small-Scale LNG Market"

http://www.marketsandmarkets.com/Market-Reports/small-scale-lng-market-226707057.html

Early buyers will receive 10% customization on this report.

Increasing use of liquefied natural gas (LNG)  by various end users, such as heavy-duty vehicles and electric power generation, technological advancements being carried out in liquefied natural gas (LNG) liquefaction and regasification processes, and increasing demand for of liquefied natural gas (LNG) from theAsia-Pacific region are expected to fuel the growth of the Small-Scale LNG Market during the forecast period. Increasing demand for liquefied natural gas (LNG) from the remote locations for use in power generation plants and global commoditization of liquefied natural gas (LNG) are the major factors driving the demand for liquefied natural gas (LNG) from small-scale regasification terminals. This, in turn, is expected to fuel the growth of the Small-Scale LNG Market during the forecast period.

Request for Sample PDF of Report @ http://www.marketsandmarkets.com/requestsample.asp?id=226707057

The heavy-duty vehicles end user segment of the Small-Scale LNG Market is expected to gain maximum traction during the forecast period, 2016 to 2021. 

In terms of volume, the heavy-duty vehicles end user segment is projected to lead the Small-Scale LNG Market during the forecast period. The growth of the heavy-duty vehicles end user segment of the market can be attributed to increasing adoption of natural gas-fueled heavy-duty vehicles across the globe. Moreover, the sustainability of natural gas-fueled heavy-duty vehicles also depends on the ability of the LNG industry to provide fuel at reasonable costs. Furthermore, the need for maintaining local air quality, existence of proper liquefied natural gas (LNG) infrastructure, implementation of strategic energy reserve policies by various regulatory authorities, and availability of residual fuels are some of the drivers augmenting the demand for natural gas in the electric power generation plants, which, in turn, is fueling the growth of the Small-Scale LNG Market.

Among types, the regasification terminals segment is projected to lead the Small-Scale LNG Market during the forecast period, 2016 to 2021. 

Among types, the regasification terminals segment is projected to lead the Small-Scale LNG Market during the forecast period. Increasing demand for liquefied natural gas (LNG) from the remote locations for use in power generation plants and global commoditization of liquefied natural gas (LNG) are some of the major factors driving the demand for liquefied natural gas (LNG) from small-scale regasification terminals, which, in turn, is expected to lead to the growth of the Small-Scale LNG Market during the forecast period. Development of downstream infrastructure and logistics, remote regasification terminals, trucking stations, and liquefied natural gas (LNG) bunkering are some other factors expected to fuel the growth of the Small-Scale LNG Market during the forecast period.

The Asia-Pacific Small-Scale LNG Market is projected to grow at the highest CAGR during the forecast period. 

The Asia-Pacific Small-Scale LNG Market is projected to grow at the highest CAGR during the forecast period. The Asia-Pacific region has emerged as an important consumer of small-scale liquefied natural gas (LNG) due to its increasing use in heavy-duty vehicles and electric power generation plants, among others. Traditionally, the production of small-scale liquefied natural gas (LNG) has always been considered as a significant business in the Asia-Pacific, North American, and European regions. Currently, various key players operating in the Small-Scale LNG Market are undergoing partnerships to become pipeline natural gas suppliers.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=226707057

The key players profiled in the report are: 

  1. The Linde Group (Germany)
  2. Wärtsilä Corporation (Finland)
  3. Honeywell International Inc. (U.S.)
  4. General Electric (U.S.)
  5. ENGIE (France)
  6. IHI Corporation (Japan)
  7. Gazprom (Russia)
  8. Skangas AS (Norway)
  9. Sofregaz S.A. (France)
  10. Dresser-Rand Group, Inc. (U.S.)
  11. Prometheus Energy (U.S.)

Browse Related Report: 

Compressed Natural Gas (CNG) Tanks/Cylinders Market by Type (Type 1, Type 2, Type 3, Type 4), by Raw Materials (Metal, Glass Fiber, Carbon Fiber), by Vehicle Type (Light Duty, Medium Duty, Heavy Duty), & Region - Global Forecasts to 2020

http://www.marketsandmarkets.com/Market-Reports/cng-tank-cylinder-market-237731610.html

Subscribe Reports from Chemicals & Materials Domain http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarket's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets