Market Overview:
The global LNG liquefaction heat exchanger market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LNG as a fuel source and the rising number of small-scale and large-scale LNG plants across the globe. The coiled heat exchanger segment is expected to dominate the global LNG liquefaction heat exchanger market during the forecast period, owing to its high efficiency and low operating costs. The plate-fin heat exchanger segment is projected to grow at a higher CAGR than other segments during the forecast period, due to its ability to handle high pressure and temperature fluctuations without any degradation in performance.
Product Definition:
LNG Liquefaction Heat Exchanger is a device used to transfer heat between two fluids. It is important for the LNG industry because it helps liquefy natural gas by transferring heat from the ambient atmosphere to the natural gas.
Coiled Heat Exchanger:
Coiled heat exchangers are used in LNG liquefaction process. Coiled heat exchanger is a device, which is used to transfer thermal energy from one medium to another without the need for fluids to pass through each other. In this process, steam produced at the boiler passes through tubes of metal coils and thereby extracts latent or sensible heat that is present in the liquid natural gas (LNG).
Plate - fin Heat Exchanger:
Plate - fin heat exchanger is a device used in gas liquefaction process. It is also known as cold plate or hot plate heat exchanger depending upon the temperature of fluids passing through it. The working principle of this device is very simple, as the name suggests, it consists of two plates which are separated by an insulating medium and then fluid having a lower or higher temperature than the medium is passed between these two plates whereafter both sides are made equalized.
Application Insights:
The application segment includes small, mid-scale and large LNG plants. The small LNG plants segment dominated the global market in terms of revenue share in 2017. This can be attributed to increasing demand for onsite power generation from consumers coupled with growing concerns over greenhouse gas emissions.
LNG plant requires a significant amount of energy for its production; therefore, it is being considered as an alternative fuel to fossil fuels such as coal and oil due to its cleaner combustion quality. In addition, the use of natural gas produced from fossil fuels reduces the overall carbon footprint by approximately 4%. These aforementioned factors are expected to drive growth over the forecast period thereby propelling demand for LGHCEs at a CAGR of XX% during the same period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has emerged as a major exporter of LNG with growing demand from various end-use industries across the globe. China, Australia, India, South Korea and Japan are some of the prominent countries that have been observed in terms of growth rate and investment climate for LNG sector.
The Asia Pacific regional market was followed by Europe which accounted for 20% share in terms of revenue owing to high investments made by several countries such as U.K., Norway, Russia etcetera on developing their natural gas infrastructure projects coupled with rising demand from end-use industries such as power generation and petrochemicals & plastics production sectors across Europe region is anticipated to boost industry growth over next eight years (2018 - 2030). Moreover, increasing number or terminals buying/selling liquefied natural gas globally also supports industry expansion trend witnessed thus far during this decade (2010 - 2019).
Growth Factors:
- Increasing demand for LNG as a fuel source in transportation and power generation
- Growing popularity of LNG as an alternative to traditional fuels
- Proliferation of LNG terminals and regasification facilities worldwide
- Technological advancements in heat exchanger design and construction
- Rising prices of traditional fuels
Scope Of The Report
Report Attributes
Report Details
Report Title
LNG Liquefaction Heat Exchanger Market Research Report
By Type
Coiled Heat Exchanger, Plate - fin Heat Exchanger
By Application
Small LNG Plants (<0.25 MTPA), Mid-Scale LNG Plants (0.25 to 2.0 MTPA), Large LNG Plants (>2.0 MTPA)
By Companies
Air Products and Chemicals, Linde Group, Chart Industries, Cryostar, Shen Leng, Sichuan Air Separation Plant Group, Liaoning CIMC Hashenleng gas liquefaction Equipment, Suzhou Oxygen Plant, Air Products and Chemicals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global LNG Liquefaction Heat Exchanger Market Report Segments:
The global LNG Liquefaction Heat Exchanger market is segmented on the basis of:
Types
Coiled Heat Exchanger, Plate - fin Heat Exchanger
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small LNG Plants (<0.25 MTPA), Mid-Scale LNG Plants (0.25 to 2.0 MTPA), Large LNG Plants (>2.0 MTPA)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Air Products and Chemicals
- Linde Group
- Chart Industries
- Cryostar
- Shen Leng
- Sichuan Air Separation Plant Group
- Liaoning CIMC Hashenleng gas liquefaction Equipment
- Suzhou Oxygen Plant
- Air Products and Chemicals
Highlights of The LNG Liquefaction Heat Exchanger Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Coiled Heat Exchanger
- Plate - fin Heat Exchanger
- By Application:
- Small LNG Plants (<0.25 MTPA)
- Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
- Large LNG Plants (>2.0 MTPA)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LNG Liquefaction Heat Exchanger Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A liquefaction heat exchanger is a device used to increase the efficiency of liquefied natural gas (LNG) production by reducing the amount of energy needed to convert LNG into usable products.
Some of the key players operating in the lng liquefaction heat exchanger market are Air Products and Chemicals, Linde Group, Chart Industries, Cryostar, Shen Leng, Sichuan Air Separation Plant Group, Liaoning CIMC Hashenleng gas liquefaction Equipment, Suzhou Oxygen Plant, Air Products and Chemicals.
The lng liquefaction heat exchanger market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LNG Liquefaction Heat Exchanger Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LNG Liquefaction Heat Exchanger Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LNG Liquefaction Heat Exchanger Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LNG Liquefaction Heat Exchanger Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LNG Liquefaction Heat Exchanger Market Size & Forecast, 2018-2028
4.5.1 LNG Liquefaction Heat Exchanger Market Size and Y-o-Y Growth
4.5.2 LNG Liquefaction Heat Exchanger Market Absolute $ Opportunity
Chapter 5 Global LNG Liquefaction Heat Exchanger Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 LNG Liquefaction Heat Exchanger Market Size Forecast by Type
5.2.1 Coiled Heat Exchanger
5.2.2 Plate - fin Heat Exchanger
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LNG Liquefaction Heat Exchanger Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 LNG Liquefaction Heat Exchanger Market Size Forecast by Applications
6.2.1 Small LNG Plants (<0.25 MTPA)
6.2.2 Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
6.2.3 Large LNG Plants (>2.0 MTPA)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LNG Liquefaction Heat Exchanger Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LNG Liquefaction Heat Exchanger Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America LNG Liquefaction Heat Exchanger Analysis and Forecast
9.1 Introduction
9.2 North America LNG Liquefaction Heat Exchanger Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America LNG Liquefaction Heat Exchanger Market Size Forecast by Type
9.6.1 Coiled Heat Exchanger
9.6.2 Plate - fin Heat Exchanger
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America LNG Liquefaction Heat Exchanger Market Size Forecast by Applications
9.10.1 Small LNG Plants (<0.25 MTPA)
9.10.2 Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
9.10.3 Large LNG Plants (>2.0 MTPA)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe LNG Liquefaction Heat Exchanger Analysis and Forecast
10.1 Introduction
10.2 Europe LNG Liquefaction Heat Exchanger Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe LNG Liquefaction Heat Exchanger Market Size Forecast by Type
10.6.1 Coiled Heat Exchanger
10.6.2 Plate - fin Heat Exchanger
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe LNG Liquefaction Heat Exchanger Market Size Forecast by Applications
10.10.1 Small LNG Plants (<0.25 MTPA)
10.10.2 Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
10.10.3 Large LNG Plants (>2.0 MTPA)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific LNG Liquefaction Heat Exchanger Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LNG Liquefaction Heat Exchanger Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific LNG Liquefaction Heat Exchanger Market Size Forecast by Type
11.6.1 Coiled Heat Exchanger
11.6.2 Plate - fin Heat Exchanger
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific LNG Liquefaction Heat Exchanger Market Size Forecast by Applications
11.10.1 Small LNG Plants (<0.25 MTPA)
11.10.2 Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
11.10.3 Large LNG Plants (>2.0 MTPA)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America LNG Liquefaction Heat Exchanger Analysis and Forecast
12.1 Introduction
12.2 Latin America LNG Liquefaction Heat Exchanger Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America LNG Liquefaction Heat Exchanger Market Size Forecast by Type
12.6.1 Coiled Heat Exchanger
12.6.2 Plate - fin Heat Exchanger
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America LNG Liquefaction Heat Exchanger Market Size Forecast by Applications
12.10.1 Small LNG Plants (<0.25 MTPA)
12.10.2 Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
12.10.3 Large LNG Plants (>2.0 MTPA)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) LNG Liquefaction Heat Exchanger Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LNG Liquefaction Heat Exchanger Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) LNG Liquefaction Heat Exchanger Market Size Forecast by Type
13.6.1 Coiled Heat Exchanger
13.6.2 Plate - fin Heat Exchanger
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) LNG Liquefaction Heat Exchanger Market Size Forecast by Applications
13.10.1 Small LNG Plants (<0.25 MTPA)
13.10.2 Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
13.10.3 Large LNG Plants (>2.0 MTPA)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LNG Liquefaction Heat Exchanger Market: Competitive Dashboard
14.2 Global LNG Liquefaction Heat Exchanger Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Air Products and Chemicals
14.3.2 Linde Group
14.3.3 Chart Industries
14.3.4 Cryostar
14.3.5 Shen Leng
14.3.6 Sichuan Air Separation Plant Group
14.3.7 Liaoning CIMC Hashenleng gas liquefaction Equipment
14.3.8 Suzhou Oxygen Plant
14.3.9 Air Products and Chemicals
