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World small scale LNG liquefaction plant market review and forecast 2014 – 2024 report released

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LNG Industry,

The global small scale LNG liquefaction plant market stood at US$142.2 million in 2018 and is projected to grow at a CAGR of around 7.2% to reach US$219.6 million by 2024, on account of growing LNG liquefaction plant capacities, incremental benefits of using natural gas compared with other fuels.

Moreover, government initiatives of different countries across the world to reduce carbon footprint to maintain environmental sustainability are further expected to boost the demand for the global small scale LNG liquefaction plant market. The Asia-Pacific region is the major demand generating region for small scale LNG liquefaction plant market globally, followed by Europe and Middle East & Africa.

Some of the major players operating in small scale LNG liquefaction plant market are Wartsila Corporation & Chart Industries, Linde AG, Air Products & Chemicals Ltd., General Electric, Chiyoda Corp., Honeywell International Inc, Kosan Crisplant (MAKEEN Energy), etc.

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