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Growth in micro liquid natural gas (LNG) has an impact on standardizing and driving down plant setup costs, which help in quick adaptation.
The micro LNG supply chain is strengthened through partnerships with plant providers, thereby developing complete solutions for the entire plant.
Growth in micro LNG plants will trigger a lucrative market opportunity for process equipment suppliers in the next 5 years.
The micro LNG market is heating up because of key acquisitions and huge CAPEX investments.
The US shale gas boom changed the entire energy market landscape by reducing the dependence on oil, which positively impacts micro LNG.
With the oil-to-gas dash, a major revolution is taking place in the transportation sector, increasing the micro LNG plants in remote locations.
About this report
This research service covers the growing North American micro liquid natural gas (LNG) opportunities for process equipment suppliers. The study covers the micro LNG development in the US market, opportunities for process equipment manufacturers, and future potential growth for the product segments and key end-user segments. Growing energy requirements and environmental regulations are pushing end users to move from oil to natural gas. The US shale gas boom will change the entire energy market landscape by reducing the dependence on oil, which will positively impact micro LNG. This market's unique dynamic requires solution providers to develop nimble strategies to supply process equipment.
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