In this small scale LNG market report, statistics are represented in graphical format for a clear understanding on facts and figures. This market research report contains a chapter on the global small scale LNG market and all its associated companies with their profiles, which gives valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. The small scale LNG report helps organizations in every sphere of business to make better decisions, to answer even the toughest business questions and thus helps reduce the risk of failure.
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The small scale LNG market Global Small-Scale LNG Market is expected to rise from its initial estimated value of USD 29.31 billion in 2018 to an estimated value of USD 49.66 billion by 2026, registering a CAGR of 6.81% in the forecast period of 2019-2026. Increasing demand for the LNG is the major factor for the growth of this market.
The small scale LNG is especially used for the places where there is less production of LNG and they also don’t require large plants. They usually use tanker, ships and trucks. These small LNG has production capacity of 500000 TPY and are usually used where there is requirement of LNG by the consumers. Increasing demand of LNG in marine and heavy transport is the major factor for the growth of this market.
- Increasing demand of LNG in marine is driving the market
- Low cost of LNG as compared to other energy sources is driving the market
- The high cost of the supply chain is restraining the market
- Less number of terminal infrastructures is restraining the growth of this market
Key Market Competitors:
Few of the major competitors currently working in small- scale LNG market are Linde plc, Wärtsilä, Honeywell International Inc, GENERAL ELECTRIC, ENGIE, Gazprom, Sofregaz Company, Dresser-Rand, , Excelerate Energy. L. P., Cryostar, Equinor ASA, PT Pertamina(Persero), Eni, Total, Gasum Oy, Kunlun Energy Company Limited, Royal Dutch Shell, BP p.l.c.
Key Developments in the Market:
- In December 2018, Novatek announced the launch of their new small- scale LNG plant at Baltic Sea which has a capacity of 660,000 tonnes of the frozen gas per year and will expand it to 800,000 tonnes by 2021. It is the first cargo of liquefied natural gas as per the contractor Atomtekhenergo.
- In November 2018, Edison announced the launch of their first Italy first integrated logistics chain of small scale LNG along with PIR (Petrolifera Italiana Rumena). It will have storage capacity of 20,000 cubic meters of LNG and will come into operation in 2021.
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Global small- scale LNG market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of small- scale LNG market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Segmentation: Global Small-Scale LNG Market
- By Type
- Liquefaction Terminal
- Regasification Terminal
- By Application
- Heavy-Duty Vehicles
- Marine Transport
- Industrial & Power
- By Modes of Supply
- Trans- Shipment and Bunkering
- Captive Consumption through Pipeline & Rail
- By Infrastructure
- Truck Fuelling Stations
- Bunkering Vessels
- Bunker Barge
- Bunkering Terminals
- Storage Hubs
- LNG Storage
- Regas Facilities
- Truck-To-Ship Bunkering
- LNG Trailers
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
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