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Modular Gas Processing Plant Industry Growth Outlook: 7.4% CAGR and $1.8 Billion by 2029

11-24-2025 05:42 AM CET | Energy & Environment

Press release from: The Business Research Company

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What Is the Long-Term Growth Forecast for the Modular Gas Processing Plant Market Size 2025?
The market size of the modular gas processing plant has experienced substantial growth in the past years. It is expected to increase from $1.26 billion in 2024 to about $1.35 billion in 2025, with a compound annual growth rate (CAGR) of approximately 7.2%. The notable growth during the historic phase can be credited to the growing exploration and production of natural gas along with a global expansion of industrial activities. Increased investments in energy infrastructure projects, economic progress in emerging markets, increasing availability of various financing alternatives such as project finance and investment funds, and the rising interest in the production of green hydrogen also contribute to this upward trajectory.

What CAGR is Forecasted for the Modular Gas Processing Plant Market Through 2029?
In the coming years, the market size for modular gas processing plants is projected to witness robust growth, reaching $1.8 billion by 2029 with a compound annual growth rate (CAGR) of 7.4%. This anticipated growth during the forecast period can be credited to factors such as the escalating global energy consumption, more stringent environmental regulations, tougher regulatory mandates related to gas processing, the mounting interest in biogas as a green energy alternative, the growth of liquefied natural gas (LNG) export markets, and worldwide initiatives geared towards enhancing energy efficiency. During the forecast period, key trends will involve innovation in modular gas processing technologies, ongoing infrastructure development initiatives, the incorporation of advanced technologies like IoT and AI in modular gas processing plants, consistent progress in modular technology, and the emergence of hybrid gas processing solutions.

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What Are the Critical Factors Driving Modular Gas Processing Plant Market Development?
The modular gas processing plant market is projected to expand due to the increasing demand for natural gas. Natural gas, primarily composed of methane (CH4) and other hydrocarbons, is a fossil fuel formed from decomposed marine organisms buried beneath sediment and rock strata. Global inclination towards cleaner energy solutions and low-carbon energy alternatives has escalated the demand for natural gas. The function of modular gas processing plants is crucial in gas operations as they facilitate efficient treatment and processing of gas, providing quicker deployment and scalability specifically in remote or smaller projects. The International Energy Agency, a France-based intergovernmental organization, reported in July 2024 that there was an increase in natural gas prices across all major markets in the second quarter of 2024, highlighting stricter market fundamentals. For 2024, it is projected that natural gas demand will surge by 2.5%, predominantly driven by the rapidly expanding Asian markets. Consequently, the escalating demand for natural gas is fueling the growth of the modular gas processing plant market.

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How Does the Modular Gas Processing Plant Market Break Down Across Major Segments?
The modular gas processing plant market covered in this report is segmented -

1) By Gas Type: Liquefied Natural Gas, Liquefied Petroleum Gas, Compressed Natural Gas, Other Types
2) By Type: Portable, Stationary
3) By Application: Onshore, Offshore

Subsegments:
1) By Liquefied Natural Gas (LNG): Small-Scale LNG Plants, Floating LNG Plants, Onshore LNG Plants
2) By Liquefied Petroleum Gas (LPG): Propane, Butane, Mixed LPG
3) By Compressed Natural Gas (CNG): CNG Compression Stations, CNG Refueling Stations, CNG Storage Facilities
4) By Other Types: Biogas, Synthetic Natural Gas (SNG), Hydrogen

What Are the Major Trends Transforming the Modular Gas Processing Plant Industry?
Leading companies in the modular gas processing plant market are striving to design forward-thinking solutions such as modular liquefied natural gas (LNG) technology to achieve superiority in the market. The term 'modular liquefied natural gas (LNG) technology' denotes the application of preplanned, modular units to simplify the building and functioning of LNG facilities. For example, Technip Energies, a French engineering and tech firm that operates in the energy and chemical sectors, introduced SnapLNG by T.EN., a modular, pre-engineered, and standard solution for LNG production in September 2023. This pioneering system comprises reproducible modules that are primed for delivery and set-up, facilitating the erection* of a comprehensive natural gas liquefaction plant. With its autonomous operation and pre-commissioning, the SnapLNG solution slashes the lead time by over two years compared to traditional LNG projects. Capable of yielding 2.5 million tons per year, SnapLNG envisions substantially lowering CO2 emissions, while boosting operational efficiency and reliability though carbon-friendly production techniques.

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Which Players Are Driving Innovation in the Modular Gas Processing Plant Market?
Major companies operating in the modular gas processing plant market are General Electric Company, Honeywell International Inc., ABB Ltd., Mitsubishi Heavy Industries Ltd., Siemens Energy AG, McDermott International Ltd., Bechtel Corporation, Jacobs Solutions Inc., Fluor Corporation, Doosan Enerbility Co. Ltd., Worley Limited, KBR Inc., Technip Energies, AtkinsRéalis Group Inc., JGC Holdings Corporation, Black & Veatch, Petrofac Limited, Tata Projects, Linde Engineering, Peiyang Chemical Equipment Co. Ltd.

Which Regions Are Driving Global Modular Gas Processing Plant Market Expansion?
North America was the largest region in the modular gas processing plant market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the modular gas processing plant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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