Analysis of Liquefied Natural Gas (LNG) Vaporizers market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
According to recent research, demand is increasing as the LNG vaporizers market recovers from the COVID-19-induced slump. Consumer confidence, immunization success, and economic recovery will all boost demand for LNG vaporizers.
The most recent study from Fact.MR- market research and competitive intelligence provider- on the LNG vaporizers market, covers global sales from 2016 to 2020. For the years 2021-2031, a market forecast is offered.
Nikkiso Cryoquip has a lot of expertise in designing LNG vaporizers for a variety of pressures, capacities, and flow profiles. These systems come with all of the necessary controls and can run on diesel, propane, natural gas, air, electricity, water, engine coolant, or steam.
The systems can be constructed for either permanent single-site applications or portable systems that can be moved from one location to another using trailers, skids, or other mobile techniques. The most recent version is the Open Rack Vaporizer, which employs seawater as a heat source. This vaporizer is made to transfer heat from LNG at 160°C to seawater at room temperature.
The thermal design approach, which uses numerical analysis to create the best-suited shapes (e.g. diameters and internal/external surface shapes) of heat exchanger tubes, as well as the thermal stress design of ORV, is described below.
Cleancor's LNG vaporizers are tailored to fulfill precise pressure, temperature, and volume requirements for mobile and permanent operations. For mobile or permanent operations, entire storage, vaporization, and regasification equipment are offered. Its mobile fueling system allows fleets to operate more effectively, saving time and money compared to public gas stations.
LNG vaporizers are heat exchangers used for regasifying liquefied gases which are stored as a liquid under cryogenic temperatures. Gases such as argon, oxygen, nitrogen, ethylene, and propylene are all included. LNG vaporizers are primarily deployed across petrochemical and cryogenic industries respectively.
LNG vaporizers integrate gases through liquefaction, subjecting different streams to various treatments. The LNG is heated by steam spears that infuse steam directly into the water. The optimized steam injection system expels steam erosion and hammering and reduces noise emissions.
Alternative heating sources as a vaporization medium such as electrical heaters, warm water, or combinations of these are available. The market for the chemical industry is growing at a very substantial rate, which is especially generating high demand for LNG vaporizers.
Extensive uptake of LNG vaporizers is anticipated across the chemical industry, with Petrochemical companies conferring healthy demand extension, especially in the propylene, ethylene, and C derivatives chain.
Hence, companies are attaining higher profit margins arising from lower oil prices. Another major application area for LNG vaporizers is cryogenic treatment, which is bolstering product sales across key regions.
Cryogenic gases are extensively deployed to store and transport food & beverages, petrochemicals, and pharmaceuticals. This elevated demand will continue driving the adoption of LNG vaporizers. LNG vaporizers are also employed in chemical laboratories.
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In terms of regional demand, the market for LNG vaporizers can be segmented into seven regions: North America, Latin America, Europe, East Asia, South Asia, Oceania, and the MEA (Middle East & Africa). The market for LNG vaporizers is expanding at a moderate pace in advanced economies.
The Americas and Europe exhibit modest growth in terms of demand. Demand is increasing steadily in Asia Pacific countries, including India and South Korea. The demand for LNG vaporizers in Japan is above average.
Prominent players offering LNG vaporizers include:
The research report presents a comprehensive assessment of the market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information, according to market segments such as geography, product type, function, capacity, and end use.
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The report on LNG vaporizers is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Mobile LNG vaporizers account for around 40% share of the global market.
Rapid expansion of the petrochemical industry is boosting the market revenue in Europe.
Cryoquip, Incryo Systems, and Kwangsan Co., Ltd. are the top providers of liquefied natural gas vaporizers.
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