LNG Vaporization System is the type of heat-exchange vaporizers that caters vaporization of liquefied gases. Gases includes argon, oxygen, nitrogen, ethylene, propylene, and natural gas. For vaporization, the LNG vaporizers attains its application in petrochemical and cryogenic plants in the chemical industry. LNG vaporizers integrate in such a way that it liquefied gases to have different streams as well as 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 erosion 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 will grow in the upcoming years.
This report contains market size and forecasts of LNG Vaporization Systems in global, including the following market information:
Global LNG Vaporization Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global LNG Vaporization Systems Market Sales, 2017-2022, 2023-2028, (Units)
Global top five LNG Vaporization Systems companies in 2021 (%)
The global LNG Vaporization Systems market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Static LNG Vaporization System Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of LNG Vaporization Systems include CIMC ENRIC, Kobe Steel, Teyco Comercial SL, Chart Industries, Inc, Cryeng Group, Cryonorm BV, Linde, Nikkiso Co., Ltd (Cryoquip) and Incryo Systems, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the LNG Vaporization Systems manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global LNG Vaporization Systems Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global LNG Vaporization Systems Market Segment Percentages, by Type, 2021 (%)
Static LNG Vaporization System
Mobile LNG Vaporization System
Global LNG Vaporization Systems Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global LNG Vaporization Systems Market Segment Percentages, by Application, 2021 (%)
Industrial
Commercial
Agriculture
Others
Global LNG Vaporization Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global LNG Vaporization Systems Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies LNG Vaporization Systems revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies LNG Vaporization Systems revenues share in global market, 2021 (%)
Key companies LNG Vaporization Systems sales in global market, 2017-2022 (Estimated), (Units)
Key companies LNG Vaporization Systems sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
CIMC ENRIC
Kobe Steel
Teyco Comercial SL
Chart Industries, Inc
Cryeng Group
Cryonorm BV
Linde
Nikkiso Co., Ltd (Cryoquip)
Incryo Systems
Kwangsan Co., Ltd
Clean Energy Fuels
Cryogas Equipment Private Limited
Sumitomo Precision Products Co., Ltd
Analytical Solutions and Products B.V
Scandinavian Engineering Group