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).
The roadways market segment accounted for about 70% of the total market shares and dominated the industry. Roadways account for approximately one-fifth of the GHG emissions which have induced governments to promote the use of natural gas. Several countries have started adopting the usage of SSLNG as a replacement for diesel as the preferred fuel for long-haul trucks due to its low GHG emissions. Countries such as China and the US have already started adopting the usage of natural gas for automobiles on a large scale and the next few years will see a number of countries following this trend which will drive the growth of the market in this segment.
Americas will dominate the small-scale liquefaction industry throughout the forecast period and will also account for about 70% of the total shares of the market by 2023. North America accounts for the majority of the revenue shares in this region wherein, backed by the government, the US is the major revenue contributor. Vendors in the US have also formed associations to spread awareness regarding the industry. Much of this region’s growth comes from the transportation sector that includes both the roadways and maritime.
In 2019, the market size of Small-Scale Liquefaction is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% 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 Liquefaction.
This report studies the global market size of Small-Scale Liquefaction, 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 Liquefaction production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, 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:
Black & Veatch
GE
Linde
Shell
Siemens
Chart Industries
Cryostar
GTI
Wartsila
Market Segment by Product Type
Direct Liquefaction
Indirect Liquefaction
Market Segment by Application
Roadways
Bunkering
Power Industry
Other
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)
The study objectives are:
To analyze and research the Small-Scale Liquefaction 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 Liquefaction 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 Liquefaction are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Small-ScaleLiquefaction. Industry analysis & Market Report on Small-ScaleLiquefaction is a syndicated market report, published as Global (United States, European Union and China) Small-Scale Liquefaction Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Small-ScaleLiquefaction market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.