NEW YORK, November 28, 2016 /PRNewswire/ --
Increasing demand-supply gap, growing need for environment-friendly fuel and favorable government policies & regulations to drive global small scale LNG market through 2021
According to recently released TechSci Research report, "Global Small Scale LNG (SSLNG) Market By Application, By Mode of Supply, Competition Forecast & Opportunities, 2011 - 2021, the global small scale LNG market is anticipated to cross $47 Billion by 2021. Growth in the market is anticipated on account of continuous fall in LNG production cost, favorable government policies and growing natural gas demand from remote areas. Moreover, shifting focus towards cleaner energy sources to reduce the harmful effects of carbon emissions coupled with reduction in natural gas flaring are expected to positively influence the global small scale LNG market over the next five years.
Browse 65 market data Tables and 76 Figures spread through 265 Pages and an in-depth TOC on
"Global Small Scale LNG (SSLNG) Market"
The installation of small scale LNG across the globe is increasing at a robust pace owing to peak shaving. Peak shaving facilities are basically practiced at LNG satellite stations, which are used for the storage and supply of LNG. The peak shaving facilities contain both liquefication and regasification capabilities to compactly store gas until the time of peak demand arrives. Peak shaving facilities are used to support the natural gas grid when the gas consumption is highest, thereby meeting the demand for LNG.
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Asia-Pacific accounted for the largest share in global small scale LNG market in 2015 on account of lower oil prices, lack of gas pipeline interconnections in the region and increasing use of natural small scale LNG for prime and standby power requirements, particularly in China. Europe is the second largest market for small scale LNG, globally. In Europe, the Blue Corridors Project is underway to build LNG fueling infrastructure and demonstrate the economic viability of LNG fuel for heavy trucking to encourage its adoption. The project includes 14 new LNG or LCNG stations along four corridors connecting Europe's South to North and West to East, and a fleet of 100 LNG heavy duty vehicles.
"Growing interest in the usage of natural gas and LNG not only reduces sulphur or particulate content, but it also aids in minimizing global warming. In addition, with sharp increase in marine trade as well as road transportation, increase in air pollution has been noticed, especially over the last couple of decades. International Maritime Organization (IMO) is expected to cap global SOx emission down to 0.5% by either 2020 or 2025. All these factors are expected to boost LNG adoption in the coming years.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global Small Scale LNG (SSLNG) Market By Application, By Mode of Supply, Competition Forecast & Opportunities, 2011 - 2021" has evaluated the future growth potential of global small scale LNG market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global small scale LNG market.
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