Global Small Scale LNG (SSLNG) Liquefaction Plant Market is expected to grow at a robust CAGR
Global Small Scale LNG
(SSLNG) Liquefaction Plant Market is expected to grow owing to continuous
advancements in SSLNG technology, including modular and standardized plant
designs throughout the forecast period.
According to TechSci
Research report, “Small
Scale LNG (SSLNG) Liquefaction Plant Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Small Scale
LNG (SSLNG) Liquefaction Plant Market is expected to register robust
growth during the forecast period. One of
the key factors driving the growth of the SSLNG liquefaction plant market is
the rising global demand for cleaner and more sustainable energy sources. SSLNG
plants provide a cleaner alternative to conventional fossil fuels like coal and
oil, making them an appealing choice for industries aiming to mitigate
greenhouse gas emissions and air pollutants.
Natural gas, as a fuel
source, emits fewer greenhouse gases (GHGs) and air pollutants compared to coal
and oil. SSLNG plants offer an opportunity to decrease GHG emissions by
enhancing accessibility to natural gas and promoting the shift from dirtier fuels
to cleaner alternatives. This is especially significant for industries aiming
to comply with environmental regulations and reduce their carbon footprint. Based
on application, the
Industrial & Commercial segment is expected to dominate the market during the
forecast period. SSLNG offers a cleaner energy source, resulting in reduced
emissions of sulfur dioxide (SO2), nitrogen oxides (NOx), and particulate
matter. Industries that adopt LNG from SSLNG facilities can enhance their
environmental performance and achieve sustainability goals. This is
particularly crucial for industries facing increasingly stringent environmental
regulations. SSLNG plants provide industries with flexibility and reliability
in energy supply. They can be quickly deployed to serve industries with fluctuating
energy demands or to support remote operations. This decentralized energy
supply improves resilience, reduces supply chain risks, and ensures
uninterrupted production. SSLNG can serve as a direct replacement for diesel
fuel in industries that rely on heavy-duty equipment, such as construction,
agriculture, and transportation. LNG-powered vehicles and machinery generate
lower emissions and offer cost-effective solutions, making them suitable for
industrial applications. SSLNG can also be used for heating and cooling
applications in commercial buildings. It can power combined heat and power
(CHP) systems, district heating, and absorption chillers, enhancing energy
efficiency and reducing greenhouse gas emissions in the commercial sector.
SSLNG facilities also support the growth of LNG in the retail and
transportation sectors. LNG-powered trucks and refueling stations benefit
commercial logistics by providing a cleaner and cost-effective option for goods
transportation. In conclusion, Global Small Scale LNG (SSLNG) liquefaction
plants play a crucial role in providing cleaner, cost-effective, and reliable
energy solutions for both the industrial and commercial segments. They
contribute to energy diversification, cost savings, environmental
sustainability, and enhanced energy security, making them integral to the
growth and sustainability of these sectors.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "Global
Small Scale LNG (SSLNG) Liquefaction Plant Market."
Based on technology, the Cryogenic
Expansion segment is projected to dominate the market throughout the forecast
period. The cryogenic expansion segment plays a pivotal role in the process of
liquefaction in Global Small Scale LNG (SSLNG) plants. It involves the
application of cryogenic technology to cool and liquefy natural gas,
facilitating its storage and transportation. Cryogenic expansion is a
fundamental process in SSLNG liquefaction plants as it transforms natural gas
into a denser and more manageable form, making it feasible for storage and
transport. This process necessitates cooling natural gas to extremely low
temperatures, typically below -160 degrees Celsius (-256 degrees Fahrenheit),
causing it to condense into a liquid state and occupy significantly less
volume. Cryogenic expansion plants utilize heat exchangers in a closed-loop
system to cool natural gas. These heat exchangers facilitate efficient cooling
by transferring heat between the incoming gas stream and the outgoing cold gas
stream. Turboexpanders, which operate on the principle of adiabatic expansion,
are indispensable components of the cryogenic expansion process. High-pressure
natural gas expands rapidly through a turbine, resulting in the cooling of the
gas to cryogenic temperatures. The turbine is connected to a generator, which
produces electricity, thereby providing an energy-efficient means to drive the
process. Cryogenic expansion represents an energy-efficient approach to LNG
production. The utilization of turboexpanders to cool the gas enables the
recovery of energy that can be employed to drive other plant processes, thereby
reducing overall energy consumption. This energy efficiency is particularly
valuable in SSLNG facilities situated in remote or off-grid areas with limited
access to power. Additionally, cryogenic expansion technology is scalable,
rendering it well-suited for SSLNG plants of varying sizes. Regardless of
whether serving small industrial operations or larger markets, the cryogenic
expansion process can be customized to meet diverse LNG production
requirements.
Key market players in the
Global Small Scale LNG (SSLNG) Liquefaction Plant Market are:-
- Chart Industries, Inc.
- Linde plc
- Air Products and Chemicals,
Inc.
- Siemens Energy
- Wärtsilä Corporation
- Black & Veatch
- KBR, Inc.
- AG&P (Atlantic, Gulf and
Pacific Company)
- TechnipFMC
- Cryostar
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“The Small Scale LNG (SSLNG)
Liquefaction Plant Market in Asia Pacific is poised to be the dominant force in
the industry. Numerous countries in the Asia-Pacific region are currently
facing the challenge of air pollution and environmental degradation. SSLNG
plants offer a cleaner energy alternative, as the combustion of LNG generates
fewer pollutants and greenhouse gases in comparison to coal or oil. This
environmental advantage is fueling the adoption of SSLNG in areas striving to
enhance air quality.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Small Scale LNG (SSLNG)
Liquefaction Plant Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018-2028 Segmented By Application (Transportation, Industrial
& Commercial and Residential), By Technology (Cryogenic Expansion, Rotating
Equipment, Mix Refrigerant and Nitrogen Cycle), By Capacity (Micro Scale, Small
Scale and Mini Scale), By Feedstock Source (Associated Gas and Stranded Gas),
By Region, and By Competition,” has
evaluated the future growth potential of Global Small Scale LNG (SSLNG)
Liquefaction Plant Market and provides statistics & 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
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Small
Scale LNG (SSLNG) Liquefaction Plant Market.
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