|
|
(Transportation-News.com, April 27, 2024 ) The report “Small-Scale LNG Market by Type (Liquefaction, Regasification), Application (Heavy-Duty Vehicles, Industrial & Power, Marine Transport), Mode of supply (Trucks, Trans-shipment & Bunkering) Region (North America, Europe, APAC, MEA) - Global Forecast to 2028.” The small-scale LNG market is projected to grow from USD 46.4 billion in 2023 to USD 92.8 billion by 2028, recording a CAGR of 14.9% during the forecast period.
Browse in-depth TOC on "Small-Scale LNG Market”
298 - Market Data Tables
44 - Figures
288 - Pages
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226707057
Based on type, the liquefaction segment is projected to account for the larger share in terms of value during the forecast period. The growth of the segment is attributed mainly because it significantly reduces the volume of natural gas, making LNG more energy dense. This compact form allows for efficient transportation and storage, making LNG an attractive option for long-distance shipping or storage in cryogenic tanks.
Based on application, the heavy-duty vehicles segment will account for the largest share, in terms of value, during the forecast period. The segment is growing as the logistics and transportation sectors heavily rely on heavy-duty vehicles to move goods and people. These sectors have recognized the benefits of using LNG as a cleaner and cost-effective alternative fuel. As a result, fleet operators, shipping companies, and logistics providers are increasingly adopting LNG-powered heavy-duty vehicles to reduce emissions, enhance sustainability, and improve operational efficiency.
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=226707057
APAC is the largest and fastest-growing market for small-scale LNG. The growth in the APAC region can be attributed to an increase in the consumption of small-scale LNG. The region's increasing natural gas demand, focus on cleaner transportation fuels, and need for off-grid energy solutions are driving the market forward. Countries such as China, Japan, and South Korea are making significant investments in small-scale LNG infrastructure, including liquefaction plants, regasification terminals, and bunkering facilities. Additionally, supportive government policies and initiatives promote the development of the small-scale LNG market in the Asia Pacific region. The rapidly growing demand for small-scale LNG applications, competitive manufacturing costs, and high economic growth rates are the favorable forces driving the small-scale LNG market in this region.
Small-Scale LNG Market Key Players
The major key players in the small-scale LNG market include Linde plc (US), Wartsila Corporation (Finland), Honeywell International Inc. (US), Shell plc (UK), Air Products & Chemicals, Inc. (US), ENGIE S.A (France), Chart Industries, Inc. (US), Gasum oy (Finland), Sofregaz (France), and Excelerate Energy Inc (US).
Don't miss out on business opportunities in Small-Scale LNG Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=226707057
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
