Market Overview:
The global LNG regasification system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for natural gas across the globe and the rising investments in LNG infrastructure. The global LNG regasification system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into on land and on floating barges. On land systems are further sub-segmented into open cycle and closed cycle systems. Closed cycle systems are more efficient than open cycle systems as they recycle exhaust heat from turbines back into process steam generators, which reduces fuel consumption requirements and emissions levels. By application, storage accounts for a major share ofthe global LNG regasification system market followed by transportation.
Product Definition:
LNG Regasification System is a system used to convert LNG from a liquid to a gas. The importance of this system is that it allows for the transport and storage of natural gas in its gaseous form, which makes it much more efficient and cost effective.
On Land:
On land is the usage of free and open space for gas storage. It’s a safe, cost-effective, flexible and environmentally friendly solution that can be used to store LNG for later use in downstream activities such as power generation or transportation.
The U.S has been one of the leading countries in developing on-land facilities with over 40 operational projects across the country as of 2018.
On Floating Barges:
On floating barges (O-barg) are specialized vessels used for storing and transporting LNG from the production site to the regasification facility. The O-barg is connected to a production facility by an LNG pipeline, which can be either inshore or offshore. The on floating barge has several advantages over conventional ones including lower maintenance cost, less space requirement, and low operating costs among others.
Application Insights:
Storage was the dominant application segment in 2016 and accounted for over 60% of the total revenue share. Increasing storage capacity of regasification systems at various locations, such as on land, on floating barges and at sea is anticipated to drive industry growth over the forecast period.
Increasing demand for LNG from power generation plants, industrial sectors including chemicals & pharmaceuticals and transportation sector is expected to propel industry expansion over the forecast period. In addition, growing investments by countries such as Japan are projected to boost regional market development during future years.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is anticipated to witness significant growth over the forecast period. The region has one of the highest demand for natural gas as a fuel, with China being its biggest consumer. Rising industrialization across Asia Pacific is expected to drive LNG consumption in this region, thereby driving industry growth.
North America was estimated to be valued at USD X million in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 owing high economic development along with increasing infrastructure activities across U.S.
Europe also held a considerable market share due rising environmental concerns towards fossil fuels such as natural gas that have been replacing them thus leading toward higher adoption rate among end-users including power plants, petrochemical complexes etc.
Growth Factors:
- Increasing demand for natural gas due to its environment-friendly nature as compared to other fossil fuels.
- Rapid industrialization and urbanization in developing countries is leading to an increase in the demand for energy, which in turn is boosting the LNG regasification system market growth.
- Stringent environmental regulations by governments across the globe are compelling companies to shift from traditional fuels such as coal and oil to natural gas, thereby driving the LNG regasification system market growth rate positively.
- The increasing popularity of floating storage and regasification units (FSRUs) owing to their low capital investment cost is propelling the LNG regasification system market size significantly over the forecast period 2017-2025
Scope Of The Report
Report Attributes
Report Details
Report Title
LNG Regasification System Market Research Report
By Type
On Land, On Floating Barges
By Application
Storages, Transportation
By Companies
Wartsila, Worthington Industries, Cryostar, Samsung Heavy Industries, Emerson, Yokogawa, Cryonorm, Excelerate Energy, DNV GL, TransTech Energy, McDermott International, Chart Industries, Mitsui O.S.K. Lines
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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global LNG Regasification System Market Report Segments:
The global LNG Regasification System market is segmented on the basis of:
Types
On Land, On Floating Barges
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
Storages, Transportation
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:
- Wartsila
- Worthington Industries
- Cryostar
- Samsung Heavy Industries
- Emerson
- Yokogawa
- Cryonorm
- Excelerate Energy
- DNV GL
- TransTech Energy
- McDermott International
- Chart Industries
- Mitsui O.S.K. Lines
Highlights of The LNG Regasification System 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:
- On Land
- On Floating Barges
- By Application:
- Storages
- Transportation
- 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 Regasification System 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 LNG regasification system is a technology used to liquefy natural gas and then compress it into pipeline-quality gas. The compressed gas can then be transported through pipelines to consumers.
Some of the major players in the lng regasification system market are Wartsila, Worthington Industries, Cryostar, Samsung Heavy Industries, Emerson, Yokogawa, Cryonorm, Excelerate Energy, DNV GL, TransTech Energy, McDermott International, Chart Industries, Mitsui O.S.K. Lines.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LNG Regasification System 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 Regasification System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LNG Regasification System 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 Regasification System 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 Regasification System Market Size & Forecast, 2018-2028
4.5.1 LNG Regasification System Market Size and Y-o-Y Growth
4.5.2 LNG Regasification System Market Absolute $ Opportunity
Chapter 5 Global LNG Regasification System 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 Regasification System Market Size Forecast by Type
5.2.1 On Land
5.2.2 On Floating Barges
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LNG Regasification System 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 Regasification System Market Size Forecast by Applications
6.2.1 Storages
6.2.2 Transportation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LNG Regasification System 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 Regasification System 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 Regasification System Analysis and Forecast
9.1 Introduction
9.2 North America LNG Regasification System 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 Regasification System Market Size Forecast by Type
9.6.1 On Land
9.6.2 On Floating Barges
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 Regasification System Market Size Forecast by Applications
9.10.1 Storages
9.10.2 Transportation
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 Regasification System Analysis and Forecast
10.1 Introduction
10.2 Europe LNG Regasification System 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 Regasification System Market Size Forecast by Type
10.6.1 On Land
10.6.2 On Floating Barges
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 Regasification System Market Size Forecast by Applications
10.10.1 Storages
10.10.2 Transportation
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 Regasification System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LNG Regasification System 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 Regasification System Market Size Forecast by Type
11.6.1 On Land
11.6.2 On Floating Barges
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 Regasification System Market Size Forecast by Applications
11.10.1 Storages
11.10.2 Transportation
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 Regasification System Analysis and Forecast
12.1 Introduction
12.2 Latin America LNG Regasification System 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 Regasification System Market Size Forecast by Type
12.6.1 On Land
12.6.2 On Floating Barges
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 Regasification System Market Size Forecast by Applications
12.10.1 Storages
12.10.2 Transportation
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 Regasification System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LNG Regasification System 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 Regasification System Market Size Forecast by Type
13.6.1 On Land
13.6.2 On Floating Barges
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 Regasification System Market Size Forecast by Applications
13.10.1 Storages
13.10.2 Transportation
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 Regasification System Market: Competitive Dashboard
14.2 Global LNG Regasification System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wartsila
14.3.2 Worthington Industries
14.3.3 Cryostar
14.3.4 Samsung Heavy Industries
14.3.5 Emerson
14.3.6 Yokogawa
14.3.7 Cryonorm
14.3.8 Excelerate Energy
14.3.9 DNV GL
14.3.10 TransTech Energy
14.3.11 McDermott International
14.3.12 Chart Industries
14.3.13 Mitsui O.S.K. Lines
