Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

What is the Predicted Annual Growth Rate of the Modular Gas Processing Plant Market Over the Coming Decade?

There has been a substantial growth in the market size of the modular gas processing plant in the past few years. The market which was at $1.26 billion in 2024 is expected to expand to $1.36 billion in 2025 with a compound annual growth rate of 7.9%. This growth within the historical context can be linked to various factors such as increased exploration and production of natural gas, global industrial activities expansion, rising investments in energy infrastructure projects, economic development in developing markets, a rise in financing options like project finance and investment funds as well as an increased interest in the production of green hydrogen.

The market for modular gas processing plants is projected to witness considerable expansion in the coming years, reaching a size of $1.82 billion in 2029, with a compound annual growth rate (CAGR) of 7.6%. Factors contributing to the predicted growth during the forecast period include increased global energy needs, stricter environmental regulations, rigorous gas processing regulatory obligations, heightened focus on biogas as an eco-friendly energy resource, growth of liquefied natural gas (LNG) export markets, and international endeavors for enhancing energy efficiency. Dominant trends expected during this period include technological innovations in modular gas processing, continuous development of infrastructure, amalgamation of modular gas processing plants with cutting-edge technologies like IoT and AI, onwards progress in modular technology, and emergence of hybrid gas processing solutions.

What External and Internal Drivers Are Contributing to the Growth of the Modular Gas Processing Plant Market’s Growth?

The growth of the modular gas processing plant market is anticipated to be fuelled by the mounting demand for natural gas. Natural gas, a fossil fuel mainly composed of methane (CH₄) and various hydrocarbons, is formed from the residue of prehistoric marine creatures buried under sediment and rock layers. Its demand is escalating due to its use as a cleaner energy source in the global shift towards less carbon-intensive energy solutions. Modular gas processing plants play a critical role in natural gas operations by facilitating the efficient treatment and processing of gas, thereby allowing rapid deployment and scalability particularly in remote or smaller-scale projects. For instance, the International Energy Agency, a France-based intergovernmental organization, reported in July 2024 that natural gas prices witnessed an upsurge across all significant markets in the second quarter of 2024, indicating a tightening of market fundamentals. In 2024, natural gas demand is projected to rise by 2.5% for the entire year, with rapid growth in Asian markets being the primary driver. Consequently, the growing demand for natural gas is spurring the expansion of the modular gas processing plant market.

Get Your Free Sample of the Global Modular Gas Processing Plant Market Report Now!

https://www.thebusinessresearchcompany.com/sample.aspx?id=19118&type=smp

What Are the Major Players Making an Impact in the Modular Gas Processing Plant Market’s Growth?

Major companies operating in the modular gas processing plant market are General Electric Company, Honeywell International Inc., ABB Ltd., Mitsubishi Heavy Industries Ltd., Siemens Energy AG, McDermott International Ltd., Bechtel Corporation, Jacobs Solutions Inc., Fluor Corporation, Doosan Enerbility Co. Ltd., Worley Limited, KBR Inc., Technip Energies, AtkinsRéalis Group Inc., JGC Holdings Corporation, Black & Veatch, Petrofac Limited, Tata Projects, Linde Engineering, Peiyang Chemical Equipment Co. Ltd.

Which Upcoming Trends Are Set to Influence the Modular Gas Processing Plant Market’s Path Forward?

Top-tier corporations in the modular gas processing plant market are channeling their efforts towards the creation of cutting-edge solutions such as the modular LNG technology, to establish an upper hand in the industry. This technology involves employing pre-planned, pre-built units to simplify the building and running of LNG facilities. To illustrate, Technip Energies, a French firm specializing in energy-sector and chemical-sector tech and engineering, rolled out SnapLNG by T.EN in September 2023. It presents a modular, streamlined, and standardized LNG (liquefied natural gas) manufacturing option. This revolutionary system comprises easily replicable modules prepped for immediate delivery and set up, thus facilitating the creation of a comprehensive natural gas liquefaction plant. Pre-commissioned for autonomous operation, the SnapLNG solution hastens the market-launch time frame by over two years compared to traditional LNG initiatives. Boasting a production scale of 2.5 million tons annually, SnapLNG is designed to markedly curb CO2 emissions while bolstering operational dependability and efficiency through low-carbon manufacturing techniques.

Get Instant Access to the Global Modular Gas Processing Plant Market Report with Swift Delivery!

https://www.thebusinessresearchcompany.com/report/modular-gas-processing-plant-global-market-report

What Major Market Segments Define the Scope and Growth of the Modular Gas Processing Plant Market?

The modular gas processing plantmarket covered in this report is segmented –

1) By Gas Type: Liquefied Natural Gas, Liquefied Petroleum Gas, Compressed Natural Gas, Other Types

2) By Type: Portable, Stationary

3) By Application: Onshore, Offshore

Subsegments:

1) By Liquefied Natural Gas (LNG): Small-Scale LNG Plants, Floating LNG Plants, Onshore LNG Plants

2) By Liquefied Petroleum Gas (LPG): Propane, Butane, Mixed LPG

3) By Compressed Natural Gas (CNG): CNG Compression Stations, CNG Refueling Stations, CNG Storage Facilities

4) By Other Types: Biogas, Synthetic Natural Gas (SNG), Hydrogen

What Regions Are Steering Growth in the Modular Gas Processing Plant Sector?

North America was the largest region in the modular gas processing plant market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the modular gas processing plant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Can We Define the Modular Gas Processing Plant Market and Its Key Components?

A modular gas processing plant refers to a compact, prefabricated facility designed to process natural gas in a modular fashion. These plants are built in standardized, transportable units that can be quickly assembled on-site. They handle various gas processing functions, such as separation, compression, and dehydration, offering flexibility, scalability, and cost-efficiency for gas extraction and processing in remote or challenging locations.

Browse Through More Similar Reports By The Business Research Company:

Industrial Gas Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/industrial-gas-global-market-report

Biogas Upgrading Equipment Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/biogas-upgrading-equipment-global-market-report

Plant Factory Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/plant-factory-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: