Liquefied Natural Gas (LNG) is natural gas (predominantly methane, CH4) that is converted to liquid form through a process called liquefaction. When liquefied, the volume of natural gas shrinks by 600 times, thereby allowing ease of storage or transport through ships and trucks. Increasing exploration & production activities, favorable government policies supporting the adoption of LNG and growing demand from remote areas are some of the major factors anticipated to aid the Global Small Scale LNG Market during 2016 2021. Moreover, drop in natural gas prices and fluctuations in crude oil prices are further expected to encourage customers across the globe to opt for small scale LNG over diesel, furnace oil or coal in the coming years. Advanced economies of the world have implemented strict emission norms that regulate the harmful emission levels of diesel as a fuel. This has resulted in increased use of small scale LNG in industrial and commercial sectors. In addition, growing natural gas production is expected to boost demand for small scale LNG over a span of next five years.
According to Global Small Scale LNG (SSLNG) Market By Application, By Mode of Supply, Competition Forecast & Opportunities, 2011 2021, the global small scale LNG market is anticipated to cross $47 billion by 2021. Globally, growing demand for SSLNG from remote areas, especially for power generation, is one of the major factors driving the global market of small scale LNG. Other factors such as increasing inclination towards greener and cleaner fuel coupled with low prices of natural gas are also aiding global small scale LNG market. Asia-Pacific dominated the global small scale LNG market in 2015, and the region is anticipated to maintain its dominance over the next five years as well owing to continuing economic growth, high power deficits, new technological advancements and increasing adoption of stringent emission norms, particularly in China. Global Small Scale LNG (SSLNG) Market By Application, By Mode of Supply, Competition Forecast & Opportunities, 2011 2021 discusses the following aspects of global small scale LNG (SSLNG) market:
Global Small Scale LNG (SSLNG) Market Size, Share & Forecast
Segmental Analysis By Application (Industrial, Transportation, Marine & Utilities), By Mode of Supply (Trucks, Trans-shipment & Bunkering, Captive Consumption through Pipeline & Rail), By Region
Regional Analysis Asia-Pacific, Europe, North America, Middle East & Africa and South America
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations
The information contained in this report is based upon both primary and secondary research. Primary research included interaction with small scale LNG (SSLNG)distributors, dealers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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