Modular Gas Processing Plant Market Report 2026

The modular gas processing plant market size has grown strongly in recent years. It will grow from $1.35 billion in 2025 to $1.45 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to need for gas processing in remote fields, limitations of traditional large scale plants, early modular engineering concepts, expansion of unconventional gas production, cost constraints in small gas fields.

The modular gas processing plant market size is expected to see strong growth in the next few years. It will grow to $1.93 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growth of stranded gas monetization, expansion of small scale lng projects, demand for flexible processing capacity, advancements in modular engineering, increased offshore gas development. Major trends in the forecast period include increasing adoption of modular gas processing solutions, growing demand for portable gas processing plants, expansion of gas processing in remote locations, rising use of skid mounted and prefabricated units, increasing focus on rapid deployment and scalability.

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 2025. 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, South East Asia, 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, Taiwan, 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.

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.

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