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Small-Scale Liquefaction Market Growth, Trends Outlook and Forecasts To 2020

According to the report, stringent maritime emission regulations will be a key driver for market growth. The maritime industry is responsible for approximately 2.5% of global GHG emissions.
Small-Scale Liquefaction Market Analysis, Share and Size, Emerging
Trends, Overview and Outlook, Growth And Segment Forecasts To
Technavio Announces the Publication of its Research Report – Global Small-Scale Liquefaction Industry
Technavio recognizes the following companies as the key players in the global small-scale liquefaction
industry: Black & Veatch, GE, Linde, Shell, and Siemens.
Other Prominent Vendors in the market are: Chart Industries, Cryostar, GTI, and Wärtsilä.
Browse full report with [email protected]
Commenting on the report, an analyst from Technavio’ s team said: “One of the key trends for market
growth will be monetization of marginal/small gas fields. Small or marginal gas fields have always been a
cause of concern for many countries. Such gas fields do not justify the cost associated with exploration
and production. However, with SSLNG gaining popularity, the prospect of exploring and recovering gas
from marginal and small fields becomes more feasible than ever. The capital investment required for
setting up a value chain for SSLNG is much less as compared to a large-scale LNG plant. This is due to the
modular and small size of liquefaction and regasification units.”
According to the report, stringent maritime emission regulations will be a key driver for market growth.
The maritime industry is responsible for approximately 2.5% of global GHG emissions. Of this,
approximately 80% of the emissions were international in nature, which implies that emissions in
international waters do not come under the jurisdiction of any particular country. International waters
fall under the prerogative of International Maritime Organization (IMO) that follows the principle of “no
less favorable treatment of ships.’ As a result, ports need to follow a complex regulatory network
balancing the IMO and the country's requirements.
Further, the report states that safety concerns and lack of favorable legislations will be a challenge for
the market. SSLNG is a lucrative opportunity, and many new players are entering the business. For
players with no prior LNG experience, there is a concern over the companies being able to follow the
appropriate safety measures. Moreover, the current standards and regulations are meant for large-scale
LNG units, and the same properties do not apply to SSLNG. As the modules and volumes concerned are
pretty small in SSLNG, a new set of standards and guidelines are required for the industry.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
Request A Sample copy of This Report @
About Liquefied Natural Gas (LNG)
Natural gas normally accompanies crude oil in oil and gas reservoirs. Earlier, there was no way of
tapping the natural gas stream that was produced during crude oil extraction (onshore or offshore). Any
such gas was flared off. However, with the advent of advanced technologies and commercialization of
natural gas, it started getting stored and supplied to gas stations. One issue faced by the oil and gas
industry was the transportation of gas. Eventually, liquefaction of gas became the norm of the industry
to reduce its volume and transport it efficiently. Conversion of natural gas from gaseous to liquid form
by decreasing its temperature is known as liquefied natural gas (LNG).
Technavio’ s analysts forecast the global small-scale liquefaction industry to grow at a CAGR of 7.48%
during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global small-scale liquefaction
industry for 2016-2020. The report discusses market segmentation based on end-user segment
(roadways, bunkering, power and others) and geography (APAC, the Americas, and EMEA).
The market is divided into the following segments based on geography:
Technavio's report, Global Small-Scale Liquefaction Industry 2016-2020, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report covers the market landscape and
its growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
To Get Discount On The Report @
Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]
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