The modular gas processing plant market size has grown strongly in recent years. It will grow from $1.26 billion in 2024 to $1.35 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing exploration and production of natural gas, the expansion of industrial activities globally, growing investment in energy infrastructure projects, economic growth in emerging markets, the growing availability of financing options, including project finance and investment funds, and the growing interest in green hydrogen production.
The modular gas processing plant market size is expected to see strong growth in the next few years. It will grow to $1.8 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growing global energy consumption, increasing environmental regulations, stringent regulatory requirements for gas processing, the rising interest in biogas as a renewable energy source, the expansion of liquefied natural gas (LNG) export markets, and global initiatives aimed at improving energy efficiency. Major trends in the forecast period include innovations in modular gas processing technology, ongoing infrastructure development projects, the integration of modular gas processing plants with advanced technologies, such as IoT and AI, continuous advancements in modular technology, and the development of hybrid gas processing solutions.
The forecast of 7.4% growth over the next five years reflects a modest reduction of 0.2% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through delays in acquiring prefabricated processing modules from China and control systems from South Korea, slowing deployment of field gas treatment infrastructure. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The anticipated rise in natural gas demand is projected to drive growth in the modular gas processing plant market in the near future. Natural gas, primarily composed of methane (CH₄) and other hydrocarbons, is a fossil fuel derived from the remains of ancient marine organisms that have been buried under sediment and rock. Its increasing demand is attributed to its role as a cleaner energy alternative in the global shift towards low-carbon energy solutions. Modular gas processing plants are essential in natural gas operations as they facilitate the efficient treatment and processing of gas, allowing for quicker deployment and scalability in remote or smaller projects. According to the International Energy Agency, natural gas prices surged across all major markets in the second quarter of 2024, driven by tighter market fundamentals. For the entirety of 2024, natural gas demand is projected to rise by 2.5%, mainly propelled by rapidly growing Asian markets. Consequently, the heightened demand for natural gas is fostering growth in the modular gas processing plant sector.
Key players in the modular gas processing plant market are concentrating on the development of advanced solutions, such as modular liquefied natural gas (LNG) technology, to secure a competitive advantage. Modular LNG technology involves the utilization of pre-engineered, prefabricated units designed to streamline the construction and operation of LNG facilities. In September 2023, Technip Energies, a France-based engineering and technology company serving the energy and chemicals sectors, introduced SnapLNG by T.EN. This modular, pre-engineered, and standardized solution for LNG production features reproducible modules that are ready for delivery and installation, facilitating the construction of a complete natural gas liquefaction plant. The SnapLNG system operates autonomously and is pre-commissioned, significantly reducing the time to market by over two years compared to traditional LNG projects. With a production capacity of 2.5 million tons per annum, SnapLNG aims to substantially lower CO2 emissions while improving operational efficiency and reliability through low-carbon production techniques.
In July 2024, Honeywell International Inc., a US-based technology firm, acquired Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 billion. This strategic move enhances Honeywell's energy transition offerings, enabling the company to provide a comprehensive range of solutions for managing energy transformation processes. These offerings encompass natural gas pre-treatment, advanced liquefaction technologies, and integration with digital automation platforms. Air Products is a US-based industrial gas company that specializes in modular gas processing plants.
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.
North America was the largest region in the modular gas processing plant market in 2023. 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. The countries covered in the modular gas processing plant market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The modular gas processing plant market consists of revenues earned by entities by providing services such as manufacturing, upgrades and expansion, remote monitoring and control, and decommissioning and removal. The market value includes the value of related goods sold by the service provider or included within the service offering. The modular gas processing plant market also includes sales of dehydration units, heat exchangers, and gas compressors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and ensuing trade tensions in spring 2025 are heavily impacting the oil and gas industry, especially in areas such as exploration equipment, pipeline development, and refining operations. Increased import duties on drilling rigs, steel pipes, and specialized machinery have significantly raised capital expenditures across both upstream and downstream segments. Midstream players are grappling with cost surges for essential components like valves, compressors, and storage tanks, causing delays and disruptions in expansion projects. Refiners, meanwhile, are contending with higher expenses for imported catalysts and control systems critical to operational efficiency. In addition, retaliatory tariffs from major trade partners have curtailed U.S. exports of liquefied natural gas (LNG) and crude oil, reducing global competitiveness. In response, companies are ramping up investments in domestic manufacturing alliances, digital asset management tools, and diversified energy portfolios to maintain resilience and protect profitability.
A modular gas processing plant is a compact, prefabricated facility specifically engineered for the processing of natural gas in a modular manner. These plants are constructed in standardized, transportable units, allowing for rapid assembly on-site. They perform a range of gas processing functions, including separation, compression, and dehydration, providing flexibility, scalability, and cost-efficiency for gas extraction and processing in remote or challenging environments.
The primary gas types processed by modular gas processing plants include liquefied natural gas (LNG), liquefied petroleum gas (LPG), compressed natural gas (CNG), among others. LNG is natural gas that has been cooled to a liquid state at approximately -260°F (-162°C), facilitating easier storage and transportation. It serves multiple purposes, including power generation, heating, and as a fuel source for vehicles in specific regions. Additionally, LNG is utilized as a feedstock in various industrial applications. These plants can be classified into portable and stationary types and are employed in both onshore and offshore applications.
The modular gas processing plant market research report is one of a series of new reports that provides modular gas processing plant market statistics, including modular gas processing plant industry global market size, regional shares, competitors with a modular gas processing plant market share, detailed modular gas processing plant market segments, market trends and opportunities, and any further data you may need to thrive in the modular gas processing plant industry. This modular gas processing plant market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The modular gas processing plant market size is expected to see strong growth in the next few years. It will grow to $1.8 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growing global energy consumption, increasing environmental regulations, stringent regulatory requirements for gas processing, the rising interest in biogas as a renewable energy source, the expansion of liquefied natural gas (LNG) export markets, and global initiatives aimed at improving energy efficiency. Major trends in the forecast period include innovations in modular gas processing technology, ongoing infrastructure development projects, the integration of modular gas processing plants with advanced technologies, such as IoT and AI, continuous advancements in modular technology, and the development of hybrid gas processing solutions.
The forecast of 7.4% growth over the next five years reflects a modest reduction of 0.2% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through delays in acquiring prefabricated processing modules from China and control systems from South Korea, slowing deployment of field gas treatment infrastructure. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The anticipated rise in natural gas demand is projected to drive growth in the modular gas processing plant market in the near future. Natural gas, primarily composed of methane (CH₄) and other hydrocarbons, is a fossil fuel derived from the remains of ancient marine organisms that have been buried under sediment and rock. Its increasing demand is attributed to its role as a cleaner energy alternative in the global shift towards low-carbon energy solutions. Modular gas processing plants are essential in natural gas operations as they facilitate the efficient treatment and processing of gas, allowing for quicker deployment and scalability in remote or smaller projects. According to the International Energy Agency, natural gas prices surged across all major markets in the second quarter of 2024, driven by tighter market fundamentals. For the entirety of 2024, natural gas demand is projected to rise by 2.5%, mainly propelled by rapidly growing Asian markets. Consequently, the heightened demand for natural gas is fostering growth in the modular gas processing plant sector.
Key players in the modular gas processing plant market are concentrating on the development of advanced solutions, such as modular liquefied natural gas (LNG) technology, to secure a competitive advantage. Modular LNG technology involves the utilization of pre-engineered, prefabricated units designed to streamline the construction and operation of LNG facilities. In September 2023, Technip Energies, a France-based engineering and technology company serving the energy and chemicals sectors, introduced SnapLNG by T.EN. This modular, pre-engineered, and standardized solution for LNG production features reproducible modules that are ready for delivery and installation, facilitating the construction of a complete natural gas liquefaction plant. The SnapLNG system operates autonomously and is pre-commissioned, significantly reducing the time to market by over two years compared to traditional LNG projects. With a production capacity of 2.5 million tons per annum, SnapLNG aims to substantially lower CO2 emissions while improving operational efficiency and reliability through low-carbon production techniques.
In July 2024, Honeywell International Inc., a US-based technology firm, acquired Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 billion. This strategic move enhances Honeywell's energy transition offerings, enabling the company to provide a comprehensive range of solutions for managing energy transformation processes. These offerings encompass natural gas pre-treatment, advanced liquefaction technologies, and integration with digital automation platforms. Air Products is a US-based industrial gas company that specializes in modular gas processing plants.
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.
North America was the largest region in the modular gas processing plant market in 2023. 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. The countries covered in the modular gas processing plant market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The modular gas processing plant market consists of revenues earned by entities by providing services such as manufacturing, upgrades and expansion, remote monitoring and control, and decommissioning and removal. The market value includes the value of related goods sold by the service provider or included within the service offering. The modular gas processing plant market also includes sales of dehydration units, heat exchangers, and gas compressors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and ensuing trade tensions in spring 2025 are heavily impacting the oil and gas industry, especially in areas such as exploration equipment, pipeline development, and refining operations. Increased import duties on drilling rigs, steel pipes, and specialized machinery have significantly raised capital expenditures across both upstream and downstream segments. Midstream players are grappling with cost surges for essential components like valves, compressors, and storage tanks, causing delays and disruptions in expansion projects. Refiners, meanwhile, are contending with higher expenses for imported catalysts and control systems critical to operational efficiency. In addition, retaliatory tariffs from major trade partners have curtailed U.S. exports of liquefied natural gas (LNG) and crude oil, reducing global competitiveness. In response, companies are ramping up investments in domestic manufacturing alliances, digital asset management tools, and diversified energy portfolios to maintain resilience and protect profitability.
A modular gas processing plant is a compact, prefabricated facility specifically engineered for the processing of natural gas in a modular manner. These plants are constructed in standardized, transportable units, allowing for rapid assembly on-site. They perform a range of gas processing functions, including separation, compression, and dehydration, providing flexibility, scalability, and cost-efficiency for gas extraction and processing in remote or challenging environments.
The primary gas types processed by modular gas processing plants include liquefied natural gas (LNG), liquefied petroleum gas (LPG), compressed natural gas (CNG), among others. LNG is natural gas that has been cooled to a liquid state at approximately -260°F (-162°C), facilitating easier storage and transportation. It serves multiple purposes, including power generation, heating, and as a fuel source for vehicles in specific regions. Additionally, LNG is utilized as a feedstock in various industrial applications. These plants can be classified into portable and stationary types and are employed in both onshore and offshore applications.
The modular gas processing plant market research report is one of a series of new reports that provides modular gas processing plant market statistics, including modular gas processing plant industry global market size, regional shares, competitors with a modular gas processing plant market share, detailed modular gas processing plant market segments, market trends and opportunities, and any further data you may need to thrive in the modular gas processing plant industry. This modular gas processing plant market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary2. Modular Gas Processing Plant Market Characteristics3. Modular Gas Processing Plant Market Trends and Strategies32. Global Modular Gas Processing Plant Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Modular Gas Processing Plant Market34. Recent Developments in the Modular Gas Processing Plant Market
4. Modular Gas Processing Plant Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, and Covid and Recovery on the Market
5. Global Modular Gas Processing Plant Growth Analysis and Strategic Analysis Framework
6. Modular Gas Processing Plant Market Segmentation
7. Modular Gas Processing Plant Market Regional and Country Analysis
8. Asia-Pacific Modular Gas Processing Plant Market
9. China Modular Gas Processing Plant Market
10. India Modular Gas Processing Plant Market
11. Japan Modular Gas Processing Plant Market
12. Australia Modular Gas Processing Plant Market
13. Indonesia Modular Gas Processing Plant Market
14. South Korea Modular Gas Processing Plant Market
15. Western Europe Modular Gas Processing Plant Market
16. UK Modular Gas Processing Plant Market
17. Germany Modular Gas Processing Plant Market
18. France Modular Gas Processing Plant Market
19. Italy Modular Gas Processing Plant Market
20. Spain Modular Gas Processing Plant Market
21. Eastern Europe Modular Gas Processing Plant Market
22. Russia Modular Gas Processing Plant Market
23. North America Modular Gas Processing Plant Market
24. USA Modular Gas Processing Plant Market
25. Canada Modular Gas Processing Plant Market
26. South America Modular Gas Processing Plant Market
27. Brazil Modular Gas Processing Plant Market
28. Middle East Modular Gas Processing Plant Market
29. Africa Modular Gas Processing Plant Market
30. Modular Gas Processing Plant Market Competitive Landscape and Company Profiles
31. Modular Gas Processing Plant Market Other Major and Innovative Companies
35. Modular Gas Processing Plant Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Modular Gas Processing Plant Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on modular gas processing plant market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for modular gas processing plant? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The modular gas processing plant market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Gas Type: Liquefied Natural Gas; Liquefied Petroleum Gas; Compressed Natural Gas; Other Types2) 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 Plants2) 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
Key Companies Profiled: 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.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The companies featured in this Modular Gas Processing Plant market report include:- 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.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 250 |
Published | July 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 1.35 Billion |
Forecasted Market Value ( USD | $ 1.8 Billion |
Compound Annual Growth Rate | 7.4% |
Regions Covered | Global |
No. of Companies Mentioned | 21 |