Table of Contents
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.
What Are Mega Trends and Micro Booms?
Mega Trends are global, sustained, and macroeconomic forces of development that impact business, economy, society, cultures, and personal lives, thereby defining our future world and its increasing pace of change. Time frames for Mega Trends are x to x years.
Contributing to these Mega Trends are many smaller but compelling trends that are defined in time frames of one year and can offer immediate opportunities for companies that know how to identify and capitalize on them. These are Micro Booms, and the Frost & Sullivan IPC team is showcasing a series of Micro Boom opportunities in 2014.
What Will We Be Looking Into?
Profit Insight: What should I do about it? This segment details the following:
•What are my near-adjacent market opportunities?
•How should I package my products to achieve improved margins?
•What should the go-to market and service strategy be?
Growth Insight: Why should I care? This segment details the following:
•What is the market potential and its growth trajectory?
•How is the competitive landscape situated?
•What are the pockets of growth opportunities?
•What are the near-adjacent areas of opportunity that solution providers can leverage?
Business Insight: What is it? This segment details the following:
•What is the market/business about?
•Why invest in the business?
•Which issues and challenges should I be aware of?
•What is the current market state, and where is it headed?
•What are the critical attributes of success within the market?
Micro LNG is a natural gas (NG) liquefaction plant that produces in the range of x to x gallons per day (GPD).
Cryogenic pumps are designed to move coolants and cryogenic liquids, and they are built to withstand and operate in extremely cold temperatures. Many of these pumps feature hermetically sealed designs to minimize heat leakage from the motor or contamination by process fluids into the cryogenic fluid.
Temperatures for cryogenic applications are usually below x degrees Rankine ( x Kelvin). Typical cryogens liquids include LNG, oxygen, fluorine, argon, nitrogen, hydrogen, and helium. Cryogenic liquid applications frequently operate in near saturation conditions.
Cryogenic valves can handle negative design temperatures, starting from negative x degrees Celsius to negative x degrees Celsius.
An integrally geared compressor has one or more impellers mounted on the ends of an increasing gear unit in an overhung position. This design is compact compared to a conventional single shaft design.
Liquefaction plants change the state of the gas to a liquid, i.e., they produce LNG from NG by intensive cooling and compressing. Various methods are used for this refrigeration activity. These plants include pre-liquefaction and processing.
Peak shaving plants store surplus NG to meet the demand of gas delivered to customers during peak-use periods.
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