Published on : Apr 11, 2017
Albany, New York, April 11, 2017: The latest report, with a prime focus on the Chinese market, titled “China LNG Market Research Report 2017” has been recently broadcasted to the wide database of Market Research Hub (MRH). This study evaluates the future growth potential of LNG market across China and provides statistics and facts on market structure, demand & supply analysis and trends during the forecast period of 2016 to 2021. Besides, the report also analyzes emerging trends along with important drivers, challenges and opportunities currently available in LNG market in China.
Initially, the report starts by describing the market overview of LNG (Liquefied Natural Gas) along with its scope and market segmentation. China stands among top 15 largest proved natural gas reserves, universally. Also, China is still in the driving seat when it comes to global gas demand growth. The study further analyzes that from the past few years, increasing natural gas consumption and limited natural gas production is boosting demand for liquefied natural gas (LNG) in the country. The prime factors behind this include- China’s rising incomes, urbanization and concerns over the toxic smoke that shields many of its cities had pushed the country away from coal and oil towards natural gas and cleaner fuels.
The next section of the report presents detailed market segmentation, which is based on several regions, product types and application. Some of the major applications of LNG described in the report, include Oil industry, Gas industry and others. Based on type, the Chinese market of LNG has been segregated into:
- Tank wagons
- Freight cars
According to the findings, in the coming years, the government is planning to replace all coal-based power plants in the country with natural gas based power plants. This shift towards natural gas based power plants is predicted to push growth in natural gas exploration and production, as well as expand China’s LNG imports in the coming years.
Some of the key consumers for LNG in China include industrial, power, residential and transportation sectors. Among these, the residential segment has shown rapid increase, due to increasing peak saving demand from customers for space heating requirements and rising demand for integrated LNG power plants.
Moreover, the report focuses on top manufactures in China, together with deep insights into its capacity, price, production, revenue and market share for each manufacturer. At present, leading players available in the China market are:
- Chilean Central El Campesino
- PTT Plc
- PV Gas
Click here to get more info with TOC in a PDF Format: http://www.marketresearchhub.com/enquiry.php?type=S&repid=1037844
At the end, manufacturing cost analysis, marketing strategy, marketing effect factors and industrial analysis are also discussed in the report.
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