Infinium Global Research has added a new report on Global Small Scale LNG Terminals Market. The report covers the analysis of global as well as regional markets of small scale LNG terminals. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global small scale LNG terminals market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Small Scale LNG Terminals Market: Drivers and Restraints
The factors such as the development of downstream infrastructure and logistics, remote regasification terminals, trucking stations, and liquefied natural gas (LNG) bunkering are driving the growth of the small scale LNG terminals market. Furthermore, the energy cost advantage of LNG over alternate energy sources for end users is increasing the demand of the market. Additionally, factors such as environmental benefits and fiscal regime and subsidies are also driving the growth of the market. However, limited receiving terminal infrastructure in the Asia-Pacific region restrain the growth of the market. Moreover, the use of small scale LNG terminals in transport and power generation applications are expected to provide growth opportunities to the market players.
Small Scale LNG Terminals Market: Segmentation
The small scale LNG terminals market is segmented on the basis of terminal type and applications. On the basis of terminal type the market is segmented into liquefaction terminal, and regasification terminal. The liquefaction terminal segment holds the large market share of the small scale LNG terminals market due to their increasing demand for LNG from the remote locations and global commoditization of LNG. Bases on applications the market is segmented into heavy-duty vehicles, marine transport, and industrial & power. The heavy-duty vehicles segment is expected to lead the small-scale LNG market owing to the rise in demand for small-scale LNG as fuel in heavy-duty vehicles as it is available at cheaper prices to compare to other alternatives.
Small Scale LNG Terminals Market: Regional Insight
Among the geographic regions, Asia-Pacific and Europe dominate the small scale LNG terminals market. The Asia-Pacific region is rising owing to the increasing demand for small-scale LNG for use in heavy-duty vehicles and electric power generation. Europe is the second largest market of small scale LNG terminals owing to strict regulations on the marine sector and huge subsidies on the use of LNG in this region.
Small Scale LNG Terminals Market: Competitive Analysis
Some of the industry participants of the global small scale LNG terminals market are General Electric Company, The Linde Group, Honeywell International Inc., Chart Industries Inc., Engie SA, Wärtsilä Oyj Abp, Gazprom PAO, Black & Veatch Corp., Anthony Veder Group N.V., and I.M. Skaugen A/S among the others.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/energy-mining-infra/global-small-scale-lng-terminals-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Small Scale LNG Terminals.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
