According to IMARC Group’s latest report, titled “Small-Scale LNG Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global small-scale LNG market reached a value of US$ 2.3 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit stable growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Small-scale liquefied natural gas (LNG) refers to the low capacity industrial plants for processing LNG. The gas is cooled at very low temperatures and is transformed into an odorless and colorless liquid to be re-gasified for various applications. Unlike oil and diesel, small-scale LNG is environment-friendly and is extensively used for off-grid power generation requirements in remote industrial and residential complexes. Additionally, LNG from these small-scale plants is also used as transportation fuel, industrial feedstock, and for other purposes in industrial, commercial, and residential sectors.
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Rapid industrialization and elevating demand for energy- and cost-efficient energy sources are driving the need for small-scale LNG. Moreover, the growing requirement for power generation from underdeveloped and remote areas across the globe is further fostering the market growth. Additionally, the increasing LNG utilization as ship fuel over heavy fuel oil, marine gas oil, and diesel oil is also inducing the product demand. The growing traction for greener and cleaner fuel sources and increasing government expenditures to promote LNG adoption is further projected to drive the small-scale LNG market.
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List of Key Companies Covered in this Market Report:
- Dresser-Rand Group Inc. (Siemens)
- Engie SA
- Excelerate Energy. L. P.
- PJSC Gazprom
- General Electric
- Honeywell International Inc.
- IHI Corporation
- Linde Aktiengesellschaft
- Plum Energy LLC
- Royal Dutch Shell PLC
- Wärtsilä Oyj Abp
The report has segmented the market on the basis of terminal type, mode of supply, storage tank type, application and geography
Breakup by Terminal Type:
- Liquefaction Terminal
- Regasification Terminal
Breakup by Mode of Supply:
- Trans-Shipment and Bunkering
- Pipeline and Rail
Breakup by Storage Tank Type:
- Atmospheric Tank
- Floating Storage Unit (FSU)
Breakup by Application:
- Electrical Power Generation
- Industrial Feedstock
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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