Product ID: SQMIG55E2014
Global Small-Scale LNG Market Size, Share, Growth Analysis, By Type(Liquefaction Terminal and Regasification Terminal), By Mode of Supply(Trucks, Shipment and Bunkering), By Storage Tank Capacity(Atmospheric and Pressurized and Floating Storage (FSU)), By Application(Transportation, Heavy-Duty Vehicles) - Industry Forecast 2024-2031
Report ID:
SQMIG55E2014 |
Region:
Global |
Published Date: February, 2024
Pages:
293
|
Tables:
116 |
Figures:
77
Global Small-Scale LNG Market Dynamics
Small-Scale LNG Market Drivers
High demand for small-scale liquefied natural gas (LNG)
- The growing demands for energy-efficient and affordable energy sources is one of the main factors driving the market growth. Additionally, the product is well-liked by the transport industry, which is promoting market growth. Rising energy demand has increased the need for liquefied natural gas (LNG), which has resulted in an increase in LNG output (LNG). The government's efforts to boost rural electrification have increased demand for liquefied natural gas, and numerous remote areas currently without electricity (LNG).
The market for small-scale liquefied natural gas (LNG) will continue to increase due to its rapid industrialization and high demand for natural gas as a transportation fuel. Additionally, the rise in market value will be driven by the drop in natural gas prices and the swings in crude oil prices driven on by excessive production.
Small-Scale LNG Market Restraints
Supply-Chain Disruptions
- The expansion of the small-scale liquefied natural gas (LNG) business will be hampered by the pricey supply chain. Additionally, the market would suffer from the high per-KG operating costs compared to mid-size LNG and large-size LNG.
Global Small-Scale LNG Market Report Snapshots
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