Global Small-Scale LNG Market

Small-Scale LNG Market Size, Share, Growth Analysis, By Type(Liquefaction Terminal and Regasification Terminal), By Mode of Supply(Trucks, Shipment and Bunkering, Rail Tanks, Pipeline), By Storage Tank Capacity(Atmospheric and Pressurized and Floating Storage (FSU)), By Application(Transportation, Heavy-Duty Vehicles, Industrial and Power, and Others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG55E2014 | Region: Global | Published Date: February, 2024
Pages: 293 |Tables: 116 |Figures: 77

Small-Scale LNG Market Insights

Small-Scale LNG Market size was valued at USD 925.12 million in 2019 and is poised to grow from USD 967.86 million in 2023 to USD 1269.37 million by 2031, growing at a CAGR of 4.62% in the forecast period (2024-2031).

The market expansion is being driven by the strict laws against climate change as well as growing concerns about cleaner and sustainable sources of energy. The world's finite supply of fossil fuels is another factor fueling market expansion. Increasing industrialization, increased household demand, and shift towards greener and cleaner fuels are all driving up demand for electricity production, which is fueling the market's expansion. However, the lack of terminal infrastructure as well as the high cost of the supply chain are expected to hinder market growth.

Limited scope L.N.G. is more environmentally friendly than oil and diesel and is frequently used to off-lattice power ageing demands in remote modern and private structures. Additionally, it is frequently used as a transportation fuel, as a mechanical feedstock, and for heating in industrial, commercial, and residential settings.

The global small-scale LNG market is anticipated to experience tremendous growth over the forecast period. The demand is expected to grow in the Asia-Pacific region and Africa due to the increasing interest in flammable gas as a fuel for the transportation sector. In addition, floods are occurring in the areas as liquefaction and regasification terminal works are ongoing. For instance, expanding their liquefaction limitations, Japan and South Korea are driving the market.

US Small-Scale LNG Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 925.12 million

Largest Segment

Liquefaction Terminal

Fastest Growth

Liquefaction Terminal

Growth Rate

4.62% CAGR

Global Small-Scale LNG Market 2021-2030 ($ Bn)
Country Share for Asia Pasific Region- 2021 (%)

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Small-Scale LNG Market Segmental Analysis

Global Small-Scale LNG market is segmented on the basis of Type, Mode of Supply, Storage Tank Capacity, Application, End User, and region. By Type, the market is segmented into Liquefaction Terminal and Regasification Terminal. By Mode of Supply, the market is segmented into Trucks, Shipment and Bunkering, Rail Tanks, Pipeline, and Others. By Storage Tank Capacity, the market is segmented into Atmospheric, and Pressurized and Floating Storage (FSU). By Application, the market is segmented into Transportation, Heavy-Duty Vehicles, Industrial and Power, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Small-Scale LNG Market Analysis by Type

According to type, it is predicted that the liquefaction segment will hold the largest market share over the forecast period. The expansion of this market is attributable to the rising export of LNG, which must first be liquefied before it can be moved between ports. Additionally, the rising demand for LNG is what is causing the expansion of liquefaction plants all over the world.

Small-Scale LNG Market Analysis by Application

The heavy-duty vehicle segment is expected to retain the largest market share in 2021, by application. The increased use of LNG as a fuel in heavy-duty vehicles, particularly in China and European nations, is blamed for the rise of this agent. The most practical option for long-distance LNG-haled trucks is LNG. The density of LNG can vary significantly internationally in heavy-duty vehicles over a variety of saturation pressures and shoe temperatures. The LNG vehicle fuel system increases fuel density in car tanks and filling stations while supplying natural gas to the engine at the needed supply pressure.

Global Small-Scale LNG Market By Type 2021 (%), 2023 (%)

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Small-Scale LNG Market Regional Insights

North America dominated the global market in 2021. Attributable to the increased demand for fiber cement Small-Scale Liquefied Natural Gas (LNG) in the region. Due to growing LNG exports from the United States, Canada, and Mexico as a result of rising supply due to rising development plans by companies like Royal Dutch Shell Plc., ExxonMobil Corp., and Chevron Corp., North America was the second-largest regional market with a volume share of more than 20% in 2021.

In comparison, the Asia-Pacific region is anticipated to grow profitably between 2022 and 2030 due to the region's significant concentration of fiber cement Small-Scale Liquefied Natural Gas (LNG) market players. The demand in the region is further increased by the increasing requirement for the construction of houses and businesses. As the need for natural gas keeps rising in nations like China, India, Singapore, Japan, and others, there has been an increase in interest in the usage of small-scale LNG (SSLNG) in recent years.

Global Small-Scale LNG Market By Geography, 2021-2030, 2024-2031
  • Largest
  • Fastest

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Small-Scale LNG Market Dynamics

Small-Scale LNG Market Drivers

High demand for small-scale liquefied natural gas (LNG)

  • The growing demands for energy-efficient and affordable energy sources is one of the main factors driving the market growth. Additionally, the product is well-liked by the transport industry, which is promoting market growth. Rising energy demand has increased the need for liquefied natural gas (LNG), which has resulted in an increase in LNG output (LNG). The government's efforts to boost rural electrification have increased demand for liquefied natural gas, and numerous remote areas currently without electricity (LNG).

The market for small-scale liquefied natural gas (LNG) will continue to increase due to its rapid industrialization and high demand for natural gas as a transportation fuel. Additionally, the rise in market value will be driven by the drop in natural gas prices and the swings in crude oil prices driven on by excessive production.

Small-Scale LNG Market Restraints

Supply-Chain Disruptions

  • The expansion of the small-scale liquefied natural gas (LNG) business will be hampered by the pricey supply chain. Additionally, the market would suffer from the high per-KG operating costs compared to mid-size LNG and large-size LNG.

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Small-Scale LNG Market Competitive Landscape

Information on each company is provided in the competitive landscape for the small-scale liquefied natural gas (LNG) sector. The information includes information about the company's finances, revenue generated, market potential, R&D investments, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product introduction, range and breadth of products, and application domination. The companies' focus on the small-scale liquefied natural gas (LNG) market is the only informational nuggets mentioned above.

Small-Scale LNG Market Top Player’s Company Profiles

  • Wärtsilä

  • Gazprom

  • Royal Dutch Shell plc

  • Chart Industries, Inc.

  • Honeywell International Inc.

  • Gasum Oy

  • Skangas AS

  • Total SE

  • Eni S.p.A.

  • Stabilis Energy

  • Novatek

  • Air Products and Chemicals, Inc.

  • China National Offshore Oil Corporation (CNOOC)

  • Petronas

  • Sempra Energy

  • Mitsubishi Corporation

  • ConocoPhillips Company

  • BP plc

Small-Scale LNG Market Recent Developments

  • In June 2022, two small-scale liquefaction skids that can produce LNG on a pilot basis were ordered by Gas Authority of India Limited (GAIL). These facilities would facilitate the construction of LNG fuel stations and bunkering facilities and will liquefy natural gas for distribution through the new city gas distribution (CGD) network.
  • In 2022, in order to commercialize Factory LNG, a method for small- to medium-scale LNG production, MAN Energy Solutions and Woodside Energy have inked a partnership agreement.

Small-Scale LNG Key Market Trends

  • Presently, one of the main factors positively influencing the market is the rising demand for small-scale LNG for heating purposes in the commercial, residential, and industrial sectors. The market grows as a result of the increasing usage of small-scale LNG as a fuel for a wide range of large commercial vehicles, including multi-axle rigid and haulage trucks, tractors, and trailers used for lengthy distribution and the transportation of bulk cargo. In addition, the market is expanding as a result of people using more energy-efficient and affordable energy sources as a result of a global increase in environmental awareness. Additionally, to limit the emission of vehicle exhausts and the detrimental effects of air pollution on human health, regulatory bodies of various nations are promoting the use of sustainable clean fuel. Additionally, the market is expanding due to the growing use of small-scale LNG as a substitute for marine gas oil and diesel in ships.

Small-Scale LNG Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to global small-scale LNG market analysis, as liquefied natural gas (LNG) has complete combustion and generates fewer carbon emissions than previously used fuel sources, there has been a significant transition in recent years. Additionally, demand for greener and cleaner fuels is rising, and liquefied natural gas (LNG) is becoming more popular ship fuel than heavy fuel oil, marine gas oil, and diesel oil.

Report Metric Details
Market size value in 2023 USD 925.12 million
Market size value in 2031 USD 1269.37 million
Growth Rate 4.62%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Type
    • Liquefaction Terminal and Regasification Terminal
  • Mode of Supply
    • Trucks, Shipment and Bunkering, Rail Tanks, Pipeline, and Others
  • Storage Tank Capacity
    • Atmospheric and Pressurized and Floating Storage (FSU)
  • Application
    • Transportation, Heavy-Duty Vehicles, Industrial and Power, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Wärtsilä

  • Gazprom

  • Royal Dutch Shell plc

  • Chart Industries, Inc.

  • Honeywell International Inc.

  • Gasum Oy

  • Skangas AS

  • Total SE

  • Eni S.p.A.

  • Stabilis Energy

  • Novatek

  • Air Products and Chemicals, Inc.

  • China National Offshore Oil Corporation (CNOOC)

  • Petronas

  • Sempra Energy

  • Mitsubishi Corporation

  • ConocoPhillips Company

  • BP plc

Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Small-Scale LNG Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Small-Scale LNG Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Small-Scale LNG Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Small-Scale LNG Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Small-Scale LNG Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Small-Scale LNG Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Small-Scale LNG Market size was valued at USD 925.12 million in 2019 and is poised to grow from USD 967.86 million in 2023 to USD 1269.37 million by 2031, growing at a CAGR of 4.62% in the forecast period (2024-2031).

Information on each company is provided in the competitive landscape for the small-scale liquefied natural gas (LNG) sector. The information includes information about the company's finances, revenue generated, market potential, R&D investments, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product introduction, range and breadth of products, and application domination. The companies' focus on the small-scale liquefied natural gas (LNG) market is the only informational nuggets mentioned above. 'Engie', 'Linde plc', ' Wärtsilä ', ' Gazprom ', ' Royal Dutch Shell plc ', ' Chart Industries, Inc. ', ' Honeywell International Inc. ', ' Gasum Oy ', ' Skangas AS ', ' Total SE ', ' Eni S.p.A. ', ' Stabilis Energy ', ' Novatek ', ' Air Products and Chemicals, Inc. ', ' China National Offshore Oil Corporation (CNOOC) ', ' Petronas ', ' Sempra Energy ', ' Mitsubishi Corporation ', ' ConocoPhillips Company ', ' BP plc '

The growing demands for energy-efficient and affordable energy sources is one of the main factors driving the market growth. Additionally, the product is well-liked by the transport industry, which is promoting market growth. Rising energy demand has increased the need for liquefied natural gas (LNG), which has resulted in an increase in LNG output (LNG). The government's efforts to boost rural electrification have increased demand for liquefied natural gas, and numerous remote areas currently without electricity (LNG).

Presently, one of the main factors positively influencing the market is the rising demand for small-scale LNG for heating purposes in the commercial, residential, and industrial sectors. The market grows as a result of the increasing usage of small-scale LNG as a fuel for a wide range of large commercial vehicles, including multi-axle rigid and haulage trucks, tractors, and trailers used for lengthy distribution and the transportation of bulk cargo. In addition, the market is expanding as a result of people using more energy-efficient and affordable energy sources as a result of a increase in environmental awareness. Additionally, to limit the emission of vehicle exhausts and the detrimental effects of air pollution on human health, regulatory bodies of various nations are promoting the use of sustainable clean fuel. Additionally, the market is expanding due to the growing use of small-scale LNG as a substitute for marine gas oil and diesel in ships.

North America dominated the market in 2021. Attributable to the increased demand for fiber cement Small-Scale Liquefied Natural Gas (LNG) in the region. Due to growing LNG exports from the United States, Canada, and Mexico as a result of rising supply due to rising development plans by companies like Royal Dutch Shell Plc., ExxonMobil Corp., and Chevron Corp., North America was the second-largest regional market with a volume share of more than 20% in 2021.

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Global Small-Scale LNG Market

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