The Key Players in Global Small-Scale Liquefaction Industry 2016-2020


General News - Aug 31, 2016

The report, now available on ASDReports, recognizes the following companies as the key players in the global small-scale liquefaction industry: Black & Veatch, GE, Linde, Shell, and Siemens.

Other Prominent Vendors in the market are: Chart Industries, Cryostar, GTI, and W?rtsil?.


Related Research on ASDReports.com:
Global Small-Scale Liquefaction Industry 2016-2020

Commenting on the report, an analyst said: “One of the key trends for market growth will be monetization of marginal/small gas fields. Small or marginal gas fields have always been a cause of concern for many countries. Such gas fields do not justify the cost associated with exploration and production. However, with SSLNG gaining popularity, the prospect of exploring and recovering gas from marginal and small fields becomes more feasible than ever. The capital investment required for setting up a value chain for SSLNG is much less as compared to a large-scale LNG plant. This is due to the modular and small size of liquefaction and regasification units.”

According to the report, stringent maritime emission regulations will be a key driver for market growth. The maritime industry is responsible for approximately 2.5% of global GHG emissions. Of this, approximately 80% of the emissions were international in nature, which implies that emissions in international waters do not come under the jurisdiction of any particular country. International waters fall under the prerogative of International Maritime Organization (IMO) that follows the principle of “no less favorable treatment of ships.’ As a result, ports need to follow a complex regulatory network balancing the IMO and the country’s requirements.

Further, the report states that safety concerns and lack of favorable legislations will be a challenge for the market. SSLNG is a lucrative opportunity, and many new players are entering the business. For players with no prior LNG experience, there is a concern over the companies being able to follow the appropriate safety measures. Moreover, the current standards and regulations are meant for large-scale LNG units, and the same properties do not apply to SSLNG. As the modules and volumes concerned are pretty small in SSLNG, a new set of standards and guidelines are required for the industry.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Read more on ASDReports!

Source : ASDReports - Market Research

Published on Global Energy World: Aug 31, 2016

 
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