Market Overview:
The global LNG liquefaction equipment 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 number of small-scale and large-scale LNG plants across the globe. The global LNG liquefaction equipment market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into heat exchanger, compressor, and others. The compressor segment is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. This growth can be attributed to increasing demand for compressed natural gas (CNG) as a fuel source in automotive applications across different regions worldwide. On the basis of application,the globalLNG liquefaction equipmentmarketis divided into small-scaleLNG plants (2 MTPA), FL NGPlants(offshore floating plants).
Product Definition:
LNG Liquefaction Equipment refers to the machinery and equipment used in the liquefied natural gas (LNG) production process. The importance of LNG Liquefaction Equipment is that it enables natural gas, a relatively clean-burning fuel, to be transported and stored in a liquid form, making it an attractive option for energy companies and consumers alike.
Heat Exchanger:
A heat exchanger is a device used to change the temperature of one medium or fluid with the help of another medium or fluid with different temperature. The heat exchangers are widely used in petrochemical industries, power plants, natural gas liquefaction (NGL), and liquid nitrogen industries. They are also used in various other industrial applications including desalination facilities, chemical processing units and oil & gas industry among others.
Compressor:
A compressor is a mechanical device used to increase the pressure of an air or gas. The working principle of compressors is based on reciprocating pumps where air or gas is forced into the chamber under high pressure and then it gets reduced to low pressure in the chamber. Compressors are widely used in natural gas liquefaction (NG Liquefaction) equipment for various applications such as storage, transportation, fractionation, regasification and processing.
Application Insights:
Based on the application, the global LNG liquefaction equipment market has been segmented into small, mid-scale and large plants. Small LNG plants are expected to dominate the market throughout the forecast period as they offer low capital investment, easy installation and operation, flexible design options along with high operational efficiency. The demand for such equipment in small scale liquefaction projects is anticipated to grow at a CAGR of XX% from 2018 to 2030 owing to its ability in handling low volumes of natural gas liquids with ease while maintaining high production rates.
The mid-scale segment is expected witness substantial growth over the forecast period due largely to increasing investments by various companies including Malaysia LNG Ltd., Petronas Carigali lpg Ltd., Qatargas Power & Chemicals Co., Liquefied Natural Gas Corporation (Liquefied Natural Gas), etc.
Regional Analysis:
Asia Pacific dominated the global LNG liquefaction equipment market in 2016 and is expected to continue its dominance over the forecast period. The region has a large number of upcoming projects, which are expected to increase demand for such equipment. China is projected to be one of the major consumers owing to increasing investments in developing economies including Indonesia, Australia, and India among other countries.
The Asia Pacific regional market was followed by Europe with a share of over 20% in 2016 owing to growing demand from countries including Norway and U.K., where most projects have been awarded after an auction process that started from January 2017 until now resulting into more than 1 trillion cubic meters (tcm) per year LNG production capacity by 2020-21 compared with pre- auctions situation i n 2015 when only 0.6 tcm per year was produced capacity).
Growth Factors:
- Increasing demand for LNG as a fuel source for transportation and power generation
- Growing popularity of LNG as a cleaner alternative to other fossil fuels
- Regulatory support for the development of LNG infrastructure and facilities
- Technological advancements that improve the efficiency and cost-effectiveness of liquefaction equipment
- Rising global demand for natural gas
Scope Of The Report
Report Attributes
Report Details
Report Title
LNG Liquefaction Equipment Market Research Report
By Type
Heat Exchanger, Compressor, Others
By Application
Small LNG Plants (Below0.25 MTPA), Mid-Scale LNG Plants (0.25 to 2.0 MTPA), Large LNG Plants (Above2.0 MTPA), FLNG Plants (offshore floating plants)
By Companies
Air Products and Chemicals, Linde Group, ConocoPhillips Company, Atlas Copco, Ingersoll Rand, General Electric, Kobelco Compressors, Chart Energy and Chemicals, Elliott, MITSUI E&S, MCO, IHI Corporation
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global LNG Liquefaction Equipment Market Report Segments:
The global LNG Liquefaction Equipment market is segmented on the basis of:
Types
Heat Exchanger, Compressor, 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 (Below0.25 MTPA), Mid-Scale LNG Plants (0.25 to 2.0 MTPA), Large LNG Plants (Above2.0 MTPA), FLNG Plants (offshore floating plants)
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
- ConocoPhillips Company
- Atlas Copco
- Ingersoll Rand
- General Electric
- Kobelco Compressors
- Chart Energy and Chemicals
- Elliott
- MITSUI E&S
- MCO
- IHI Corporation
Highlights of The LNG Liquefaction Equipment 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:
- Heat Exchanger
- Compressor
- Others
- By Application:
- Small LNG Plants (Below0.25 MTPA)
- Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
- Large LNG Plants (Above2.0 MTPA)
- FLNG Plants (offshore floating plants)
- 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 Equipment 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
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer 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?
LNG liquefaction equipment is used to turn natural gas into liquid form. This process is used to create LNG, which can then be shipped around the world.
Some of the major companies in the lng liquefaction equipment market are Air Products and Chemicals, Linde Group, ConocoPhillips Company, Atlas Copco, Ingersoll Rand, General Electric, Kobelco Compressors, Chart Energy and Chemicals, Elliott, MITSUI E&S, MCO, IHI Corporation.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LNG Liquefaction Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LNG Liquefaction Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LNG Liquefaction Equipment Market - Supply Chain
4.5. Global LNG Liquefaction Equipment Market Forecast
4.5.1. LNG Liquefaction Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LNG Liquefaction Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. LNG Liquefaction Equipment Market Absolute $ Opportunity
5. Global LNG Liquefaction Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LNG Liquefaction Equipment Market Size and Volume Forecast by Type
5.3.1. Heat Exchanger
5.3.2. Compressor
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LNG Liquefaction Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LNG Liquefaction Equipment Market Size and Volume Forecast by Application
6.3.1. Small LNG Plants (Below0.25 MTPA)
6.3.2. Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
6.3.3. Large LNG Plants (Above2.0 MTPA)
6.3.4. FLNG Plants (offshore floating plants)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LNG Liquefaction Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LNG Liquefaction Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LNG Liquefaction Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LNG Liquefaction Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LNG Liquefaction Equipment Demand Share Forecast, 2019-2026
9. North America LNG Liquefaction Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LNG Liquefaction Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LNG Liquefaction Equipment Market Size and Volume Forecast by Application
9.4.1. Small LNG Plants (Below0.25 MTPA)
9.4.2. Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
9.4.3. Large LNG Plants (Above2.0 MTPA)
9.4.4. FLNG Plants (offshore floating plants)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LNG Liquefaction Equipment Market Size and Volume Forecast by Type
9.7.1. Heat Exchanger
9.7.2. Compressor
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LNG Liquefaction Equipment Demand Share Forecast, 2019-2026
10. Latin America LNG Liquefaction Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LNG Liquefaction Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LNG Liquefaction Equipment Market Size and Volume Forecast by Application
10.4.1. Small LNG Plants (Below0.25 MTPA)
10.4.2. Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
10.4.3. Large LNG Plants (Above2.0 MTPA)
10.4.4. FLNG Plants (offshore floating plants)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LNG Liquefaction Equipment Market Size and Volume Forecast by Type
10.7.1. Heat Exchanger
10.7.2. Compressor
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LNG Liquefaction Equipment Demand Share Forecast, 2019-2026
11. Europe LNG Liquefaction Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LNG Liquefaction Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LNG Liquefaction Equipment Market Size and Volume Forecast by Application
11.4.1. Small LNG Plants (Below0.25 MTPA)
11.4.2. Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
11.4.3. Large LNG Plants (Above2.0 MTPA)
11.4.4. FLNG Plants (offshore floating plants)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LNG Liquefaction Equipment Market Size and Volume Forecast by Type
11.7.1. Heat Exchanger
11.7.2. Compressor
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LNG Liquefaction Equipment Demand Share, 2019-2026
12. Asia Pacific LNG Liquefaction Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LNG Liquefaction Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LNG Liquefaction Equipment Market Size and Volume Forecast by Application
12.4.1. Small LNG Plants (Below0.25 MTPA)
12.4.2. Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
12.4.3. Large LNG Plants (Above2.0 MTPA)
12.4.4. FLNG Plants (offshore floating plants)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LNG Liquefaction Equipment Market Size and Volume Forecast by Type
12.7.1. Heat Exchanger
12.7.2. Compressor
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LNG Liquefaction Equipment Demand Share, 2019-2026
13. Middle East & Africa LNG Liquefaction Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LNG Liquefaction Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LNG Liquefaction Equipment Market Size and Volume Forecast by Application
13.4.1. Small LNG Plants (Below0.25 MTPA)
13.4.2. Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
13.4.3. Large LNG Plants (Above2.0 MTPA)
13.4.4. FLNG Plants (offshore floating plants)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LNG Liquefaction Equipment Market Size and Volume Forecast by Type
13.7.1. Heat Exchanger
13.7.2. Compressor
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LNG Liquefaction Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LNG Liquefaction Equipment Market: Market Share Analysis
14.2. LNG Liquefaction Equipment Distributors and Customers
14.3. LNG Liquefaction Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Air Products and Chemicals
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Linde Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ConocoPhillips Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Atlas Copco
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ingersoll Rand
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. General Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kobelco Compressors
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Chart Energy and Chemicals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Elliott
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MITSUI E&S
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. MCO
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. IHI Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
