Demand for Cleaner Energy to Aid Growth of SSLNG Liquefaction Plant Market
Growing demand for cleaner fuel, increasing
investments in natural gas exploration & storages coupled with easy
accessibility of fuel in remote locations to drive global SSLNG liquefaction
plant market through 2024
According to TechSci Research report,
“Global
SSLNG
Liquefaction Plant Market By Capacity, By Region, Competition, Forecast
& Opportunities, 2014 – 2024’’, Global SSLNG liquefaction plant market is expected to reach $ 219.6 million by
2024, driven by Government
initiatives of different countries across the world to reduce carbon footprint to
maintain environmental sustainability, growing demand for energy coupled with
growing LNG liquefaction plant capacities are expected to further propel the
demand for SSLNG liquefaction plants globally. Moreover, countries
such as Germany, Spain, and Italy are installing
renewable energy at a faster pace and also providing incentive policies for the
same.
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Up to 0.16 MTPA
capacity accounted for the largest market share in 2018 and is likely to
maintain its dominance during forecast period, on account of growing usage of natural
gas in remote locations and incremental benefits of using natural gas compared
with other fuels. Asia-Pacific and Europe regions are major demand generating
regions for SSLNG liquefaction plant market globally and are expected to
maintain their dominance on account of raising investments in liquefaction
plants, raising government initiatives for using cleaner fuel and improper
pipeline infrastructure. Some of the major players in global SSLNG
liquefaction plant market are Wartsila Corporation & Chart Industries, Linde
AG, Air Products & Chemicals Ltd., General Electric, Chiyoda Corporation, Honeywell
International Inc., etc.
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“With growing demand
for cleaner energy, subsidies provided by various country governments for using
natural gas as fuel, lower operational cost compared with other fossil fuels,
the demand for SSLNG liquefaction plants globally. Moreover, factors like increasing per capita energy consumption,
strategic partnerships between major players for supply of LNG and rising supply & demand for LNG
are further expected to propel global SSLNG liquefaction plant in the coming
years.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global SSLNG Liquefaction Plant Market By Capacity, By
Region, Competition, Forecast & Opportunities, 2014 – 2024’’ has evaluated
the future growth potential of Global SSLNG Liquefaction plant 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 decisions. Besides, the report also
identifies and analyses the emerging trends along with essential drivers,
challenges and opportunities in Global SSLNG Liquefaction plant market.
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