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Global Small-Scale LNG Market Growth Prospects, Future Industry Landscape 2032 | Linde PLC., Wärtsilä, Honeywell International Inc., General Electric, Engie, Sofregaz, Plum Energy, Excelerate Energy Inc
Small-Scale LNG Market
Small Scale LNG Market Size, Growth Rate, And Forecast
The global small-scale LNG market size is expected to grow from $15.84 billion in 2022 to $17.39 billion in 2023 at a compound annual growth rate (CAGR) of 9.74%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The small-scale LNG market size is expected to grow to $23.55 billion in 2027 at a CAGR of 7.88%.
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Small Scale LNG Market Drivers
Increasing inclination towards a greener and cleaner fuel is expected to propel the growth of the small-scale LNG market. Green fuels, also known as green hydrocarbons or biofuels, are fuels derived from biomass via a variety of biological and thermochemical processes that do not pollute the environment. The inclination towards a greener and cleaner fuel is increasing mainly due to the need for reducing environmental impact and depleting natural resources.
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Small Scale LNG Market Segments
1) By Type: Liquefaction, Regasification
2) By Mode Of Supply: Truck, Rail, Transhipment And Bunkering, Captive Consumption Through Pipeline
3) By Application: Industrial, Transportation, Utilities, Marine
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Small Scale LNG market.
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Small Scale LNG Market Key Players
Major players in the small-scale lng market are Linde PLC., Wärtsilä, Honeywell International Inc., General Electric, Engie, Sofregaz, Plum Energy, Excelerate Energy Inc., Cryostar, IHI Corporation, NOVATEK, Gasum Ltd., Siemens Energy, Chart Industries and Air Products & Chemicals Inc.
The Business Research Company's "Global Small Scale LNG Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Small Scale LNG Market Include:
1. Executive Summary
2. Small-Scale LNG Market Characteristics
3. Small-Scale LNG Market Trends And Strategies
4. Small-Scale LNG Market - Macro Economic Scenario
5. Small-Scale LNG Market Size And Growth
……
27. Small Scale LNG Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Small-Scale LNG Market
29. Small-Scale LNG Market Future Outlook and Potential Analysis
30. Appendix
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