LNG Re-liquefaction Plants Market – Current Trends, Opportunities & Challenges by 2025

The report " LNG Re-liquefaction Plants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025", has been prepared based on an in-depth market analysis with inputs from industry experts.

The main objective of this report is to define, describe, and forecast the global “LNG Re-liquefaction Plants” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Demand for clean fuel vehicles running on natural gas is gaining momentum due to the rise in concern about environment protection. Governments across the world are promoting the usage of natural gas vehicles owing to the increase in greenhouse gas emissions. Natural gas global consumption continues to increase significantly. The replacement of liquid fossil fuels, such as HFO, diesel, effects on the environment, with emissions of NOx, SOx, and particulates being almost entirely eliminated and CO2 emissions being notably reduced. LNG is a natural gas that has been liquefied at a temperature of -161°C. Its volume is about 1/600 times that of natural gas. As transportation fuel, LNG helps decrease cost and carbon emission when compared to crude oil alternatives. Mini and small scale liquefaction plants are an increasingly attractive complement to large scale LNG infrastructure. Technological advances have made monetization of small and stranded gas reserves possible in new locations. The re-liquefaction system is a technology used in new LNG ships for the transport of liquefied natural gas. It is feasible to design fast LNG carriers with well insulated cargo tanks. The produced steam is used to drive steam turbines that help propel ships. It is also used to produce electricity.

Due to the increasing cost of LNG, the shipbuilding industry is looking for alternative propulsion systems to drive steam turbines, with opting for the efficient propulsion system. Natural gas ship re-liquefaction plant has enabled the use of slow-speed marine diesel engines for propulsion. LNG re-liquefaction is widely used in gas handling on land, boards, and carriers. Currently, re-liquefaction technologies are being applied on-board liquefied natural gas carriers on the basis of economic criteria and energy efficiency. Other areas of the re-liquefaction technology are selected based on the availability of on-board space, compact or light weight, quick startup features, reliability of the operation, high availability and operability, low cost, and easy maintenance.

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Re-liquefaction plant can be used in combination with two stroke slow speed marine diesel engine, medium speed four stroke marine diesel engine, or gas turbine. Considering the current level of efficiency, two stroke marine engines are preferred. Re-liquefaction LNG plants are used in new LNG ships, which are employed for the transportation of liquefied natural gas. The re-liquefaction plant primarily controls cargo tanks pressure and prevent the discharge of methane gas into the atmosphere.

Based on application, the LNG re-liquefaction plants market can be divided into vehicles, ship, and cargo vessel. The vehicles application segment consists of automobiles running on LNG. These are primarily heavy duty vehicles and other vehicles utilizing the LNG re-liquefaction technique. The ship application segment comprises ships and barges running on LNG.

In terms of region, the LNG re-liquefaction plants market can be divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to lead the market during the forecast period, followed by North America. This dominance of Asia Pacific is primarily due to the large usage of re-liquefaction technique in China. The LNG re-liquefaction market in Asia Pacific is anticipated to expand at a significant pace during the forecast period due to the increase in demand for natural gas as a cleaner alternative for other fossil fuels and rise in number of heavy duty vehicles in the region.

Key companies operating in the Re-liquefaction plants market include Cryostar, Clean Energy Fuels, ENN Energy Holding, Kunlun Energy Company Limited, FortisBC, ENGIE, Sinopec, and CNOOC Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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