Market Snapshot:
Regasification is the process of converting liquefied natural gas (LNG) gas from liquid state to gaseous state. In these process LNG is reheated and turned back into a gas for the purpose of fuelling, storage and transportation. These Plants are located on the offshore or onshore. Furthermore, for these type of process Vaporization technologies can be used. Rising adoption of CNG vehicles and growing awareness among Greenhouse Gas Emission are the major factor for boost the growth of market.
Market Drivers
- Increasing Adoption of LNG as Transportation Fuel
- Rising Demand for Clean Fuel Vehicles
Market Trend
- Rising Awareness of Natural Gases for Greenhouse Gas Emission
Restraints
- High Initial Infrastructural Set up Cost of System
Opportunities
Growing Demand from the Developing Economies
Manufacturers Covered in the Study are:
Cryonorm (Netherlands), Excelerate Energy (United States), DNV GL (Norway), TransTech Energy (United States), McDermott International (United States), Chart Industries, Inc (United States), Mitsui O.S.K. Lines (Japan), Wartsila (Finland), Worthington Industries (United States) and Cryostar (France)
The Global LNG Regasification System market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Industry Insights:
What can be explored with LNG Regasification System study:
Where LNG Regasification System industry stands in scaling its end use implementations
What concrete benefits would result from scaled initiatives by Manufacturers
Where Manufacturers should focus their investments cycle
Key success factors and recommendations for upscaling future growth.
Target Market / Country and Key Business Segments
Available Customization:
List of players that can be included in the study on immediate basis are Samsung Heavy Industries (South Korea), Emerson (United States) and Yokogawa (Japan).