Global Small Scale LNG (SSLNG) Market to Cross $47 Billion by 2021
Increasing demand-supply gap, growing
need for environment-friendly fuel and favorable government policies &
regulations to drive global small scale LNG market through 2021
According
to recently released TechSci Research report, “Global
Small Scale LNG (SSLNG) Market By
Application, By Mode of Supply, Competition Forecast & Opportunities, 2011
– 2021, the global small
scale LNG market is anticipated to cross $47 Billion by 2021. Growth in the
market is anticipated on account of continuous fall in LNG production cost, favorable
government policies and growing natural gas demand from remote areas. Moreover,
shifting focus towards cleaner energy sources to reduce the harmful effects of
carbon emissions coupled with reduction in natural gas flaring are expected to
positively influence the global small scale LNG market over the next five
years.
Browse 65 market data Tables and 76
Figures spread through 265 Pages and an in-depth TOC on "Global
Small Scale LNG (SSLNG) Market"
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The installation of small
scale LNG across the globe is increasing at a robust pace owing to peak
shaving. Peak shaving facilities are basically practiced at LNG satellite
stations, which are used for the storage and supply of LNG. The peak shaving
facilities contain both liquefication and regasification capabilities to
compactly store gas until the time of peak demand arrives. Peak shaving
facilities are used to support the natural gas grid when the gas consumption is
highest, thereby meeting the demand for LNG.
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Asia-Pacific accounted for the largest share in global
small scale LNG market in 2015 on account of lower oil prices, lack of gas
pipeline interconnections in the region and increasing use of natural small
scale LNG for prime and standby power requirements, particularly in China. Europe
is the second largest market for small scale LNG, globally. In Europe, the Blue
Corridors Project is underway to build LNG fueling infrastructure and
demonstrate the economic viability of LNG fuel for heavy trucking to encourage
its adoption. The project includes 14 new LNG or LCNG stations along four
corridors connecting Europe’s South to North and West to East, and a fleet of
100 LNG heavy duty vehicles.
“Growing interest in the usage of natural gas and LNG
not only reduces sulphur or particulate content, but it also aids in minimizing
global warming. In addition, with sharp increase in marine trade as well as road
transportation, increase in air pollution has been noticed, especially over the
last couple of decades. International Maritime Organization (IMO) is expected
to cap global SOx emission down to 0.5% by either 2020 or 2025. All these
factors are expected to boost LNG adoption in the coming years.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global
Small Scale LNG (SSLNG) Market By Application, By Mode of Supply, Competition
Forecast & Opportunities, 2011 – 2021”
has evaluated the future growth potential of global small scale LNG market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global
small scale LNG market.
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