Global Small-scale Liquefaction Market 2018-2022 | Rising Global Oil and Gas Consumption to Boost Demand | Technavio
Technavio
analysts forecast the global small-scale liquefaction market to grow at
a CAGR of almost 8% during the forecast period, according to
their latest market research report.
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Technavio has published a new market research report on the global small-scale liquefaction market for the period 2018-2022. (Graphic: Business Wire)
Increasing demand for cleaner fuel for bunkering operations is one of
the major trends being witnessed in the global
small-scale liquefaction market 2018-2022. Globally, fossil
fuels have been playing a major role in the production of fuel and
electricity. Out of all fossil fuels, natural gas causes the least
environmental impact, while also being the main driver of the
globalization of the gas market. One of the factors that drive the
adoption of natural gas as a universally popular fuel is its minimal
impact on the environment. This clean-burning gas produces the least
emissions when compared to coal and oil.
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According to Technavio analysts, one of the key factors contributing to
the growth of the global small-scale liquefaction market is the rising
global oil and gas consumption:
Global small-scale liquefaction market: Rising
global oil and gas consumption
As per the US Energy Information Administration, the global liquid fuel
consumption increased from 89.80 MBPD in 2011 to 98.49 MBPD in 2017. The
global liquid fuel consumption grew at an annual rate of 1.56% during
2011-2017 and is expected to grow at a high rate during the forecast
period.
“According to the US Energy Information Administration, in June 2014,
crude oil prices dropped from USD 110/bbl to as low as USD 27/bbl 2016,
resulting in fuel price reduction and increased fuel consumption. Most
oil-producing countries do not have large additional capacities. Thus,
they need to discover greenfield oil wells in existing and new oil
fields to meet the high demand for fuel,” says a senior market
research analyst at Technavio.
Global small-scale liquefaction market:
Segmentation analysis
The global small-scale liquefaction market research report provides
market segmentation by end-user (roadways, bunkering, and power), and by
region (the Americas, EMEA, and APAC). It provides an in-depth analysis
of the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.
The roadways segment held the largest market share in 2017, accounting
for nearly 67% of the market. This application segment is expected to
dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of nearly 65%. This
region is expected to dominate the market through 2022, however, there
will be a decrease in its market share by nearly 4%.
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Some of the key topics covered in the report include:
Market Landscape
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Market ecosystem
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Market characteristics
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Market segmentation analysis
Market Sizing
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Market definition
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Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
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Regional comparison
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Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
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Vendors covered
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Vendor classification
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Market positioning of vendors
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Competitive scenario
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