AP NEWS

Global Small-scale Liquefaction Market 2018-2022 | Rising Global Oil and Gas Consumption to Boost Demand | Technavio

September 25, 2018

LONDON--(BUSINESS WIRE)--Sep 25, 2018-- 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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180925005888/en/

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 . 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.

This report is available at a USD 1,000 discount for a limited time only:

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%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180925005888/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ENERGY OIL/GAS ENVIRONMENT

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/25/2018 11:28 AM/DISC: 09/25/2018 11:28 AM

http://www.businesswire.com/news/home/20180925005888/en

AP RADIO
Update hourly