Micro Liquefied Natural Gas Global Market Report 2024-2034 - Market Poised to Reach $4.71 Billion in 2024 with Eco-Friendly Applications

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Jan 04, 2024, 05:30 ET

DUBLIN, Jan. 4, 2024 /PRNewswire/ -- The "Micro Liquefied Natural Gas (LNG) Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering.

Overall world revenue for the Micro Liquefied Natural Gas (LNG) Market in terms of value is forecast to surpass US$4.71 billion in 2024, with strong revenue growth forecast through to 2034.

Energy Transition and Green Initiatives

The global shift towards sustainable energy solutions and reduced carbon emissions has sparked significant interest in micro LNG. Governments and organizations worldwide are investing in cleaner energy alternatives to combat climate change.

By utilizing micro LNG for transportation and industrial applications, these initiatives align with international climate goals, making micro LNG a pivotal player in the green energy revolution. Countries like the Netherlands have incorporated micro LNG into their energy transition plans, emphasizing its eco-friendly attributes.

Remote and Off-Grid Energy Needs

In regions lacking access to centralized power grids, micro LNG serves as a beacon of hope. Remote and off-grid areas, such as islands and rural communities, benefit from localized micro LNG facilities.

These facilities offer a stable energy supply, reducing dependence on fossil fuels and enhancing local development. Notable examples include micro LNG projects in Pacific islands, providing electricity to communities previously devoid of such resources, thereby fostering economic growth and social well-being.

Forecasts to 2034 and other analyses reveal commercial prospects

In addition to revenue forecasting to 2034, this new study provides you with recent results, growth rates, and market shares.
You will find original analyses, with business outlooks and developments.
Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising micro liquefied natural gas (LNG) prices and recent developments.

Market Dynamics

Market Driving Factors

Increasing Demand of Natural Gases in Industrial, Commercial & Residential Sector
Governments in Many Countries are Providing Regulatory Support for the Development of LNG Infrastructure
Reduction in the Prices of Natural Gas Driving the Market Growth

Market Restraining Factors

Competition from Other Energy Sources Hinder the LNG Market Growth
Depletion of Natural Resources and Volatility in Prices of Raw Material
Infrastructure Development Costs Hinder the Market Growth

Market Opportunities

Easy Establishment in Micro Reserve Sites
Development of Micro LNG Infrastructure More Accessible
Integration of New Technology Opportunities for the Market

Segments Covered in the Report

By Type

On-site Liquefaction
Off-site Liquefaction

By Storage Type

Ambient
High-Pressure
Other Storage Type

By System

Skid-Mounted
Trailer-Mounted
ISO Containers
LNG Trucks and Trailers
Other System

By Application

Off-Grid Power Plants
Remote Communities
Transportation
Industrial & Manufacturing
Marine Fuel
Other Applications

In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets.

The report also includes profiles and for the following leading companies in the Micro Liquefied Natural Gas (LNG) Market:

Black & Veatch
Chiyoda Corporation
Cryonorm
Eco Electrica
Eni S.p.A
Equinor ASA
Gasum
General Electric Company
GLP Group
Linde Plc
Petroliam Nasional Berhad
Prometheus Energy
Royal Dutch Shell Plc
Siemens
Wartsila Corporation

In summary, the report provides you with the following knowledge:

Revenue forecasts to 2034 for Micro Liquefied Natural Gas (LNG) Market, 2024 to 2034 Market, with forecasts for type, storage type, system, and application, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
Revenue forecasts to 2034 for four regional and 20 key national markets - See forecasts for the Micro Liquefied Natural Gas (LNG) Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Italy, Russia, China, Indonesia, Japan, and Australia among other prominent economies.
Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Micro Liquefied Natural Gas (LNG) Market, 2024 to 2034.

For more information about this report visit https://www.researchandmarkets.com/r/z8rs37

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