Market Overview:

The global small-scale LNG market size reached US$ 30.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 48.1 Billion by 2027, exhibiting a growth rate (CAGR) of 7.94% during 2022-2027. The increasing demand for clean and sustainable fuel, rising construction of liquefaction terminals, and the growing environmental awareness among the masses represent some of the key factors driving the market.

Small-scale liquified natural gas (LNG) refers to the production and distribution of limited quantities of fuel from liquefaction plants to the regasification units. It is cooled at freezing temperatures and transformed into an odorless and colorless liquid that can be re-gasified for various uses. Small-scale LNG is stored in specially designed tanks that can be placed on trains and vessels for transportation and safely hauled to the destination by a truck. It is widely used to serve various off-grid requirements and generate power for operating heavy machinery, which are employed in emerging industries. It also provides energy to communities that live far away from gas fields and pipelines in remote areas. It is more sustainable and requires minimum capital investment due to lower infrastructure and technological demands for setting up plants as compared to oil and diesel. Furthermore, as small-scale LNG can be vaporized and pumped downstream into the system while repairing pipelines and flow disruption, its demand is catalyzing worldwide.

Small Scale LNG Market Trends:

At present, the increasing demand for small-scale LNG for heating purposes in the commercial, residential, and industrial sectors represents one of the primary factors influencing the market positively. Besides this, the growing number of small-scale LNG liquefaction terminals around the world, as they require significantly lower capital investments, is offering a favorable market outlook. In addition, the rising adoption of small-scale LNG as an efficient fuel for various heavy commercial vehicles, such as multi-axle rigid and haulage trucks, tractors, and trailers, used for long-haul distribution and bulk cargo transportation is propelling the growth of the market. Apart from this, the increasing utilization of energy-efficient and cost-effective energy sources due to the rising environmental awareness among the masses across the globe is contributing to the growth of the market. Additionally, governing agencies of various countries are encouraging the usage of sustainable clean fuel to reduce the emission of automobile exhausts and decrease the negative impacts of air pollution on human health. Moreover, the increasing employment of small-scale LNG as an alternative for marine gas oil and diesel oil in ships is supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global small-scale LNG market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on terminal type, mode of supply, storage tank type and application.

Terminal Type Insights:

• Liquefaction Terminal
• Regasification Terminal
   

The report has provided a detailed breakup and analysis of the small-scale LNG market based on the terminal type. This includes liquefaction terminal and regasification terminal. According to the report, liquefaction terminal accounted for the largest market share.

Mode of Supply Insights:

• Truck
• Trans-Shipment and Bunkering
• Pipeline and Rail
• Others
   

A detailed breakup and analysis of the small-scale LNG market based on the mode of supply has also been provided in the report. This includes truck, trans-shipment and bunkering, pipeline and rail, and others. According to the report, truck accounted for the largest market share.

Storage Tank Type Insights:

• Pressurized
• Atmospheric Tank
• Floating Storage Unit (FSU)
   

A detailed breakup and analysis of the small-scale LNG market based on the storage tank type has also been provided in the report. This includes pressurized, atmospheric tank, and floating storage unit (FSU). According to the report, atmospheric tank accounted for the largest market share.

Application Insights:

• Electrical Power Generation
• Industrial Feedstock
• Transportation
• Others
   

A detailed breakup and analysis of the small-scale LNG market based on the application has also been provided in the report. This includes electrical power generation, industrial feedstock, transportation, and others. According to the report, transportation accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia Pacific was the largest market for small-scale LNG. Some of the factors driving Asia Pacific small-scale LNG market included the increasing adoption of energy-efficient fuels, rapid industrialization, the growing utilization of commercial heavy-duty vehicles, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global small-scale LNG market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Dresser-Rand Group Inc. (Siemens), ENGIE Group, Excelerate Energy, In., PJSC Gazprom, General Electric (GE) Company, Honeywell International Inc., IHI Corporation, Linde Aktiengesellschaft, PAO NOVATEK, Plum Energy LLC, Shell Global, Sofregaz SAS, and Wärtsilä Corporation.  Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the small-scale LNG market from 2016-2027.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global small-scale LNG market.
• The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the small-scale LNG industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.