LNG Liquefaction Equipment Market Set for Rapid Growth and Trend, by 2024

LNG Liquefaction Equipment consists of a natural gas pretreatment process, a liquefaction process, a storage system, a control system, and a fire protection system. The liquefaction process is its most important component LNG Liquefaction Equipment industry has been developing fast due to its high cost performance. The LNG Liquefaction Equipment industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 51.24% of the revenue market. Regionally, Asia Pacific is the biggest revenue area, also the leader in the whole LNG Liquefaction Equipment industry. Asia Pacific occupied 31.41% of the sales market in 2017. It is followed by South America, Middle East and Africa, which respectively account for around 43.33 of the global total industry. Other countries have a small amount of sales.

According to this study, over the next five years the LNG Liquefaction Equipment market will register a 1.8% CAGR in terms of revenue, the global market size will reach US$ 620 million by 2024, from US$ 570 million in 2019.

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In particular, this report presents the global market share (sales and revenue) of key companies in LNG Liquefaction Equipment business, shared in Chapter 3. This report presents a comprehensive overview, market shares, and growth opportunities of LNG Liquefaction Equipment market by product type, application, key manufacturers and key regions and countries.

This study considers the LNG Liquefaction Equipment value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7. Heat Exchanger Compressor Others

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8. Small LNG Plants (2.0 MTPA) FLNG Plants (offshore floating plants)

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8. Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Spain Middle East & Africa Egypt South Africa Israel Turkey GCC Countries The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

The key manufacturers covered in this report: Breakdown data in in Chapter 3. Air Products and Chemicals Linde Group ConocoPhillips Company Atlas Copco Ingersoll Rand General Electric Kobelco Compressors Chart Energy and Chemicals Elliott MITSUI E&S MCO IHI Corporation In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global LNG Liquefaction Equipment consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of LNG Liquefaction Equipment market by identifying its various subsegments. Focuses on the key global LNG Liquefaction Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the LNG Liquefaction Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of LNG Liquefaction Equipment submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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