Press Release

Small Scale LNG Market to Surpass $50 Billion by 2026

According to a recently published TechSci Research report “Global Small Scale LNG (SSLNG) Market By Application, By Mode of Supply, By Region, By OEM Company, By Marketing Company, Competition Forecast & Opportunities, 2012 – 2026, the global market for small scale LNG is projected to surpass $ 50 billion by 2026. Liquefied Natural Gas (LNG) is natural gas, predominantly methane (CH4), that is converted to liquid form through a process called liquefaction. When liquefied, the volume of natural gas shrinks by 600 times, thereby allowing ease of storage or transport through ships and trucks. Increasing natural gas exploration & production activities, favorable government policies supporting the adoption of LNG and growing energy demand in remote areas are some of the major factors anticipated to boost the global small scale LNG market during forecast period.

Browse 64 Tables and 76 Figures spread through 261 Pages and an in-depth TOC on "Global Small Scale LNG (SSLNG) Market"

https://www.techsciresearch.com/report/global-small-scale-lng-market-by-application-industrial-transportation-utilities-others-by-mode-of-supply-truck-rail-tanks-trans-shipment-by-region-opportunities-forecast/803.html

Continuous fall in LNG production cost, 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. Asia-Pacific dominated the global small scale LNG market in 2016, and the region is anticipated to maintain its dominance during the forecast period as well owing to continuing economic growth, high power deficits, new technological advancements and implementation of stringent emission norms, particularly in China.

By 2020, an average investment of USD230 billion will be required for upstream sector for exploration & production of gas across the world, which is projected to further increase to USD330 billion during 2020 – 2030 due to rising natural gas consumption. Increasing production and consumption of natural gas, growing demand for gas from power sector and expanding reach of City Gas Distribution (CGD) infrastructure across the world are anticipated to drive consumption in the global small scale LNG market in the coming years.

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“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 become a cause of concern, 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, By Region, By OEM Company, By Marketing Company, Competition Forecast & Opportunities, 2012 – 2026 has evaluated the global small scale LNG market and provides the statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges, and opportunities available in the global small scale LNG market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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