Market Overview:
The global micro LNG liquefaction 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 LNG as a fuel source and the growing popularity of micro LNG liquefaction technology. The global micro LNG liquefaction market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into truck-based and barge-based systems. The truck-based systems are expected to dominate the market during the forecast period owing to their easy portability and low installation costs.
Product Definition:
Micro LNG Liquefaction is the process of converting natural gas to liquefied natural gas (LNG) on a small scale. This is important because it allows for the transportation and storage of natural gas in smaller, more manageable units.
Truck:
Truck is a device used in the process of liquefaction of natural gas to transport it from one place to another. It is an essential part of the Liquefied Natural Gas (LNG) industry and its demand can be seen surging with increasing LNG trade across the globe. The growth factor for truck usage can be attributed to several factors such as cost benefits, technological advancements, and safety & security concerns among others.
Barge:
Barge is a vessel used to transport LNG from supplier’s facility to offsite facilities for further processing. It can be either a floating or onshore installation. Barge is generally made up of steel and other metal components, however in some cases it can also be constructed using plastic materials such as fiberglass.
The number of barges required to carry the amount of LNG varies depending upon the type.
Application Insights:
The transportation segment dominated the global market in 2017 and is projected to witness significant growth over the forecast period. The growing demand for LNG as a fuel in various vehicles, such as buses, trucks, and ships is expected to drive the segment growth. In addition, increasing use of compressed natural gas (CNG) by public transport agencies across major cities of countries including Japan and China is further anticipated to propel industry expansion over the next eight years.
Industrial feedstock was one of the prominent applications that accounted for a share exceeding 30% in 2017 owing to rising utilization of CNG as an industrial fuel across various industries globally. Increasing utilization of CNG within chemical plants along with its preference over other fossil fuels such as coal and crude oil has resulted in high demand from several industries globally which can be used directly without any processing or transformation required after its extraction from natural gas sources underground.
Regional Analysis:
Asia Pacific accounted for the largest revenue share of over 40% in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand from end-use industries, such as petrochemicals and chemicals. Asia Pacific has emerged as a major LNG supplier with Australia being one of the top exporters globally.
Increasing industrialization coupled with growing energy demand in emerging economies including China and India is anticipated to drive market growth in Asia Pacific during the forecast period. In addition, rising government support for promoting domestic production by offering subsidies on electricity generation from renewable sources will further boost industry development across this region.
Europe was another significant regional segment that accounted for close to 20% of global revenue share in 2017 due to high product penetration along with growing industrial output across countries such as Germany, U.K.
Growth Factors:
- Increasing demand for cleaner fuel sources: The global market for Micro LNG Liquefaction is expected to grow at a CAGR of over 9% from 2016 to 2024, owing to the increasing demand for cleaner fuel sources across the globe.
- Stringent environmental regulations: Stringent environmental regulations are encouraging the use of Micro LNG Liquefaction as a cleaner and more efficient alternative to traditional fuels such as diesel and gasoline.
- Rising popularity of CNG vehicles: The popularity of CNG vehicles is rising rapidly due to their low emissions and high efficiency. This is expected to drive the growth of the global Micro LNG Liquefaction market in the coming years.
- Growing investment in infrastructure development: There has been a significant increase in investment in infrastructure development across emerging economies in recent years, which is likely to boost demand for Micro LNG Liquefaction in these regions over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro LNG Liquefaction Market Research Report
By Type
Truck, Barge
By Application
Transportation, Industrial Feedstock, Others
By Companies
Siemens, Snam, Baker Hughes, Cosmodyne, Galileo Technologies, Chart Industries, Eagle LNG, Linde Group, Molgas, Gasum, Gazprom, PETRONAS
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Micro LNG Liquefaction Market Report Segments:
The global Micro LNG Liquefaction market is segmented on the basis of:
Types
Truck, Barge
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
Transportation, Industrial Feedstock, Others
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:
- Siemens
- Snam
- Baker Hughes
- Cosmodyne
- Galileo Technologies
- Chart Industries
- Eagle LNG
- Linde Group
- Molgas
- Gasum
- Gazprom
- PETRONAS
Highlights of The Micro LNG Liquefaction 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:
- Truck
- Barge
- By Application:
- Transportation
- Industrial Feedstock
- Others
- 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 Micro LNG Liquefaction 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:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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?
Micro LNG Liquefaction is a technology that uses sub-sea compression to convert natural gas into liquefied petroleum gas (LPG). This process makes it possible to transport LPG over long distances without the need for pipelines.
Some of the major players in the micro lng liquefaction market are Siemens, Snam, Baker Hughes, Cosmodyne, Galileo Technologies, Chart Industries, Eagle LNG, Linde Group, Molgas, Gasum, Gazprom, PETRONAS.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro LNG Liquefaction 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 Micro LNG Liquefaction Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Micro LNG Liquefaction 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 Micro LNG Liquefaction 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 Micro LNG Liquefaction Market Size & Forecast, 2020-2028
4.5.1 Micro LNG Liquefaction Market Size and Y-o-Y Growth
4.5.2 Micro LNG Liquefaction Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Truck
5.2.2 Barge
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Transportation
6.2.2 Industrial Feedstock
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro LNG Liquefaction 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 Micro LNG Liquefaction 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Truck
9.6.2 Barge
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 Market Size Forecast by Applications
9.10.1 Transportation
9.10.2 Industrial Feedstock
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Truck
10.6.2 Barge
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 Market Size Forecast by Applications
10.10.1 Transportation
10.10.2 Industrial Feedstock
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Truck
11.6.2 Barge
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 Market Size Forecast by Applications
11.10.1 Transportation
11.10.2 Industrial Feedstock
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Truck
12.6.2 Barge
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 Market Size Forecast by Applications
12.10.1 Transportation
12.10.2 Industrial Feedstock
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Truck
13.6.2 Barge
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) Market Size Forecast by Applications
13.10.1 Transportation
13.10.2 Industrial Feedstock
13.10.3 Others
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 Micro LNG Liquefaction Market: Competitive Dashboard
14.2 Global Micro LNG Liquefaction Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 Snam
14.3.3 Baker Hughes
14.3.4 Cosmodyne
14.3.5 Galileo Technologies
14.3.6 Chart Industries
14.3.7 Eagle LNG
14.3.8 Linde Group
14.3.9 Molgas
14.3.10 Gasum
14.3.11 Gazprom
14.3.12 PETRONAS
