Demand for Cleaner Energy to Aid Growth of SSLNG Liquefaction Plant Market | TechSci Research

According to TechSci Research report, “Global SSLNG Liquefaction Plant Market By Capacity, By Region, Competition, Forecast & Opportunities, 2014 – 2024’’, Global SSLNG liquefaction plant market is expected to reach $ 219.6 million by 2024, driven by Government initiatives of different countries across the world to reduce carbon footprint to maintain environmental sustainability, growing demand for energy coupled with growing LNG liquefaction plant capacities are expected to further propel the demand for SSLNG liquefaction plants globally. Moreover, countries such as Germany, Spain, and Italy are installing renewable energy at a faster pace and also providing incentive policies for the same.

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Up to 0.16 MTPA capacity accounted for the largest market share in 2018 and is likely to maintain its dominance during the forecast period, on account of growing usage of natural gas in remote locations and incremental benefits of using natural gas compared with other fuels. Asia-Pacific and Europe regions are major demand generating regions for SSLNG liquefaction plant market globally and are expected to maintain their dominance on account of raising investments in liquefaction plants, raising government initiatives for using cleaner fuel and improper pipeline infrastructure. Some of the major players in global SSLNG liquefaction plant market are Wartsila Corporation & Chart Industries, Linde AG, Air Products & Chemicals Ltd., General Electric, Chiyoda Corporation, Honeywell International Inc., etc.

“With growing demand for cleaner energy, subsidies provided by various country governments for using natural gas as fuel, lower operational cost compared with other fossil fuels, the demand for SSLNG liquefaction plants globally. Moreover, factors like increasing per capita energy consumption, strategic partnerships between major players for supply of LNG and rising supply & demand for LNG are further expected to propel global SSLNG liquefaction plant in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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“Global SSLNG Liquefaction Plant Market By Capacity, By Region, Competition, Forecast & Opportunities, 2014 – 2024’’ has evaluated the future growth potential of Global SSLNG Liquefaction plant 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 decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in Global SSLNG Liquefaction plant market.

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