Demand for clean fuel vehicles running on natural gas is gaining momentum due to the rise in concern about environment protection. Governments across the world are promoting the usage of natural gas vehicles owing to the increase in greenhouse gas emissions. Natural gas global consumption continues to increase significantly. The replacement of liquid fossil fuels, such as HFO, diesel, effects on the environment, with emissions of NOx, SOx, and particulates being almost entirely eliminated and CO2 emissions being notably reduced. LNG is a natural gas that has been liquefied at a temperature of -161°C. Its volume is about 1/600 times that of natural gas. As transportation fuel, LNG helps decrease cost and carbon emission when compared to crude oil alternatives. Mini and small scale liquefaction plants are an increasingly attractive complement to large scale LNG infrastructure. Technological advances have made monetization of small and stranded gas reserves possible in new locations. The re-liquefaction system is a technology used in new LNG ships for the transport of liquefied natural gas. It is feasible to design fast LNG carriers with well insulated cargo tanks. The produced steam is used to drive steam turbines that help propel ships. It is also used to produce electricity.

Due to the increasing cost of LNG, the shipbuilding industry is looking for alternative propulsion systems to drive steam turbines, with opting for the efficient propulsion system. Natural gas ship re-liquefaction plant has enabled the use of slow-speed marine diesel engines for propulsion. LNG re-liquefaction is widely used in gas handling on land, boards, and carriers. Currently, re-liquefaction technologies are being applied on-board liquefied natural gas carriers on the basis of economic criteria and energy efficiency. Other areas of the re-liquefaction technology are selected based on the availability of on-board space, compact or light weight, quick startup features, reliability of the operation, high availability and operability, low cost, and easy maintenance.

 Re-liquefaction plant can be used in combination with two stroke slow speed marine diesel engine, medium speed four stroke marine diesel engine, or gas turbine. Considering the current level of efficiency, two stroke marine engines are preferred. Re-liquefaction LNG plants are used in new LNG ships, which are employed for the transportation of liquefied natural gas. The re-liquefaction plant primarily controls cargo tanks pressure and prevent the discharge of methane gas into the atmosphere.

Based on application, the LNG re-liquefaction plants market can be divided into vehicles, ship, and cargo vessel. The vehicles application segment consists of automobiles running on LNG. These are primarily heavy duty vehicles and other vehicles utilizing the LNG re-liquefaction technique. The ship application segment comprises ships and barges running on LNG.

In terms of region, the LNG re-liquefaction plants market can be divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to lead the market during the forecast period, followed by North America. This dominance of Asia Pacific is primarily due to the large usage of re-liquefaction technique in China. The LNG re-liquefaction market in Asia Pacific is anticipated to expand at a significant pace during the forecast period due to the increase in demand for natural gas as a cleaner alternative for other fossil fuels and rise in number of heavy duty vehicles in the region.

Key companies operating in the Re-liquefaction plants market include Cryostar, Clean Energy Fuels, ENN Energy Holding, Kunlun Energy Company Limited, FortisBC, ENGIE, Sinopec, and CNOOC Ltd.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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