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In recent years there has been a major shift towards liquefied natural gas (LNG) as opposed to traditionally used fuel sources due to its complete combustion and lower CO2 emissions. In addition, the increasing consumer preference for more environmentally friendly and cleaner fuel sources as well as the increasing use of liquefied natural gas (LNG) as ship fuel compared to heavy fuel oil, marine gas oil, and diesel fueled expansion. Therefore, the market is expected to prosper during the forecast period.
The global Small-Scale Liquefied Natural Gas (LNG) Market is valued at US$7.68 billion in 2021 and is projected to reach US$14.13 billion by 2029, growing at a CAGR of 7.91% over the forecast period 2022-2029. Market reports curated by the Data Bridge Market research team include in-depth expert analysis, import/export analysis, price analysis, production consumption analysis and climate chain scenarios.
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Report Scope and Market Segmentation
Report Metric |
Details |
Forecast Period |
2022 to 2029 |
Base Year |
2021 |
Historic Years |
2020 (Customizable to 2019 - 2014) |
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
Small-Scale Liquefied Natural Gas (LNG) Market Dynamics
Drivers
Opportunities
Restraints/Challenges
COVID-19 Impact on Small-Scale Liquefied Natural Gas (LNG) Market
The recent coronavirus outbreak has had a significant impact on the liquefied natural gas (LNG) market due to power cuts, reduced energy consumption and reduced interest in new breakthroughs. However, due to requests for L.N.G. To ensure investor returns grow, labor organizations are increasingly supporting L.N.G. Print. The coronavirus has had the opposite effect on the global economy as various tariffs have been suspended.
Small-Scale Liquefied Natural Gas (LNG) Market Scope
Key Pointers Covered in Small-Scale LNG Market Industry Trends and Forecast to 2029
Key Market Competitors Covered in the Report
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Major TOC of Small-Scale LNG Market Forecast
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