Market Overview:
The global LNG liquefaction pump market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for LNG across the globe. Additionally, the growing number of small and large-scale LNG plants is also contributing to the growth of the market. The submersible electric pumps segment is expected to dominate the global LNG liquefaction pump market during the forecast period. This segment is anticipated to account for a majority share ofthe globalLNG liquefaction pumpmarket in 2018 owingto its high efficiency and low maintenance cost as comparedto other typesofpumps available in themarket.
Product Definition:
LNG Liquefaction Pump is a pump used to liquefy natural gas. The importance of the LNG Liquefaction Pump is that it allows for the transportation and storage of natural gas in a liquid state, which is necessary for transporting and using natural gas as a fuel.
Submersible Electric Pumps:
Submersible electric pumps are used in LNG liquefaction process for moving the liquid natural gas from the storage tank to the production vessel. The growth factor of this market is increasing demand for Liquefied Natural Gas (LNG) as a fuel in power generation and transportation sectors. Growing energy crisis has resulted in increased usage of LNG as an alternative fuel which will reduce carbon emissions significantly over time, thus leading to sustainable energy supply.
Non-submersible Cryogenic Pumps:
Cryogenic pumps are used in LNG liquefaction process. It is a mechanical device that helps to transfer the cryogens (such as liquid nitrogen and liquid hydrogen) from one place to another in an LNG carrier. The working principle of these devices is based on the temperature difference between two places.
The non-submersible cryogenic pump industry has been witnessing significant growth over the past few years owing to increasing demand for low emission, green energy,.
Application Insights:
Small LNG plants segment held the largest market share in 2016 and is projected to witness significant growth over the forecast period. The segment is expected to account for over 50% of global liquefaction capacity by 2030. Increasing demand for onsite power generation, fuel diversification, and growing focus on green energy are some of the key factors driving this market growth.
The Middle East & Africa region was one of the prominent markets witnessing large-scale investments in small scale Liquefied Natural Gas (SSPLNG) projects during recent years owing to its ample supply, low cost as compared with other regions including Asia Pacific and North America; however; due to various regulatory changes such as tax incentives offered by countries such as Saudi Arabia under ¢â‚¬Å“PMLI¢â‚¬ program has led many companies including BP plc.
Regional Analysis:
Asia Pacific dominated the global LNG liquefaction pumps market in 2016 and is expected to continue its dominance over the forecast period. The region has emerged as a major consumer of natural gas liquids due to increasing demand from petrochemical industries. China is projected to be one of the key countries consuming these products owing to rapid industrialization coupled with government support for promoting domestic manufacturing activities.
North America accounted for a significant share in 2016, which can be attributed to growing shale gas production in U.S., which has resulted into increased availability of cheap feedstock for petrochemical manufacturers, thereby driving product demand across various end-use sectors such as chemical & fertilizers, plastics & fibers, and energy sector.
Europe also held a considerable volume share owing high consumption rates from several end-use sectors including chemicals.
Growth Factors:
- Increasing demand for LNG in the transportation and power generation sectors
- Rising liquefaction capacity additions across the globe
- Proliferation of small-scale liquefaction terminals
- Development of new gas reserves and increasing production from unconventional sources
- Growing popularity of LNG as a cleaner fuel alternative
Scope Of The Report
Report Attributes
Report Details
Report Title
LNG Liquefaction Pumb Market Research Report
By Type
Submersible Electric Pumps, Non-submersible Cryogenic Pumps, Others
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
Cryostar, Nikkiso, Fives, Liaoning CIMC Hashenleng gas liquefaction Equipment, Suzhou Oxygen Plant, Air Products and Chemicals, Linde Group, Cryostar
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global LNG Liquefaction Pumb Market Report Segments:
The global LNG Liquefaction Pumb market is segmented on the basis of:
Types
Submersible Electric Pumps, Non-submersible Cryogenic Pumps, Others
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:
- Cryostar
- Nikkiso
- Fives
- Liaoning CIMC Hashenleng gas liquefaction Equipment
- Suzhou Oxygen Plant
- Air Products and Chemicals
- Linde Group
- Cryostar
Highlights of The LNG Liquefaction Pumb 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:
- Submersible Electric Pumps
- Non-submersible Cryogenic Pumps
- Others
- 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 Pumb 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.
How you may use our products:
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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?
LNG Liquefaction Pumb is a new technology that converts natural gas into liquid form. This process makes it easier to transport and use, as well as reducing emissions.
Some of the major players in the lng liquefaction pumb market are Cryostar, Nikkiso, Fives, Liaoning CIMC Hashenleng gas liquefaction Equipment, Suzhou Oxygen Plant, Air Products and Chemicals, Linde Group, Cryostar.
The lng liquefaction pumb 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 Pumb 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 Pumb Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LNG Liquefaction Pumb 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 Pumb 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 Pumb Market Size & Forecast, 2018-2028
4.5.1 LNG Liquefaction Pumb Market Size and Y-o-Y Growth
4.5.2 LNG Liquefaction Pumb Market Absolute $ Opportunity
Chapter 5 Global LNG Liquefaction Pumb 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 Pumb Market Size Forecast by Type
5.2.1 Submersible Electric Pumps
5.2.2 Non-submersible Cryogenic Pumps
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LNG Liquefaction Pumb 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 Pumb 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 Pumb 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 Pumb 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 Pumb Analysis and Forecast
9.1 Introduction
9.2 North America LNG Liquefaction Pumb 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 Pumb Market Size Forecast by Type
9.6.1 Submersible Electric Pumps
9.6.2 Non-submersible Cryogenic Pumps
9.6.3 Others
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 Pumb 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 Pumb Analysis and Forecast
10.1 Introduction
10.2 Europe LNG Liquefaction Pumb 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 Pumb Market Size Forecast by Type
10.6.1 Submersible Electric Pumps
10.6.2 Non-submersible Cryogenic Pumps
10.6.3 Others
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 Pumb 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 Pumb Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LNG Liquefaction Pumb 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 Pumb Market Size Forecast by Type
11.6.1 Submersible Electric Pumps
11.6.2 Non-submersible Cryogenic Pumps
11.6.3 Others
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 Pumb 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 Pumb Analysis and Forecast
12.1 Introduction
12.2 Latin America LNG Liquefaction Pumb 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 Pumb Market Size Forecast by Type
12.6.1 Submersible Electric Pumps
12.6.2 Non-submersible Cryogenic Pumps
12.6.3 Others
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 Pumb 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 Pumb Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LNG Liquefaction Pumb 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 Pumb Market Size Forecast by Type
13.6.1 Submersible Electric Pumps
13.6.2 Non-submersible Cryogenic Pumps
13.6.3 Others
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 Pumb 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 Pumb Market: Competitive Dashboard
14.2 Global LNG Liquefaction Pumb Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cryostar
14.3.2 Nikkiso
14.3.3 Fives
14.3.4 Liaoning CIMC Hashenleng gas liquefaction Equipment
14.3.5 Suzhou Oxygen Plant
14.3.6 Air Products and Chemicals
14.3.7 Linde Group
14.3.8 Cryostar
