Genset Market Report: Overview
Small-scale LNG are altogether the LNG transportation from liquefaction terminal to regasification terminals through tankers, ship, and trucks. The need for small-scale LNG arises from increasing demand for LNG, increasing number for lesser capacity liquefaction terminals, and simpler storage facilities. These terminals have maximum capacity of 0.5 MMTPA. For instance, in Singapore the small-scale LNG terminal has capacity of only 11 MTPA. By the end of 2017, China had 4 small-scale LNG terminals, which can meet the demand of natural gas for small-scale projects. The advantage of small-scale LNG are adjustable annual delivery contracts, and minimum counterparty risks.
Small-scale LNG market is expected to have huge number of advancements over the forecast period owing to Liquefaction providers offering plug-and-play concepts with a reduced price tag, operating cost, and deployment time. The market is also expected to have high expansion activities by multinationals and well-established companies.
The global small-scale LNG market is expected to expand at 2.5% CAGR during the forecast period.
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Top Key Players:-
The key players of global small-scale LNG market are Gazprom (Russia), Engie SA (France), Honeywell International Inc. (U.S.), Wärtsilä Corporation (Finland), and The Linde Group (Germany). Skangas AS (Norway), IHI Corporation (Japan), Excelerate Energy L.P (U.S), Prometheus Energy (U.S), Cryostar (U.S.), GE Oil & Gas (U.S.), and Novatek (Russia), are among others.
Global small-scale LNG market has been segmented on the basis of mode of supply, type, application, and region. Based on type, the market is further segmented into liquefaction and regasification terminals. Liquefaction terminal segments holds larger market share due to increasing natural gas storage infrastructure. On the basis of mode of supply, global small-scale LNG market is classified as Trucks, Trans-shipment and Bunkering, Captive Consumption through Pipeline & Rail. The trans-shipment and Bunkering market is prominent in the market due to booming shipping industry. Based on applications, the market is segmented as utilities, residential, industrial & commercial, marine, and transportation.
Liquefied natural gas (LNG) is natural gas in its, liquid form. The gas is cooled at -1600C to convert it into an odorless, colorless liquid, that can be again re-gasified at end use destination. The typical value chain for the LNG includes gas production & transmission, treatment & liquefaction plant, storage, LNG shipping in ballasts, receiving terminals, regasification, and then to end user. The major demand for LNG comes from power plants, fertilizer industry, and transportation fueling, cooking and heating for industrial, commercial & residential sector. In recent scenario, the smaller scale LNG projects have boosted up with increasing demand for LNG and emerging markets as net importers and exporters. According to Shell’s LNG outlook, global gas demand growth by sectors including power, transport, and others, expanded at 2% CAGR, in 2017.
Market Research Analysis:
Asia-Pacific is expected to be the largest market for LNG, especially because of countries such as China and India in the region. For providing power in remote locations, LNG is increasingly used because of its clean and low emission properties that are further supported by government commitments to change to LNG based economies. These countries are increasingly investing in LNG infrastructure and there is adequate availability of LNG through subsidized schemes and distribution network.
Europe and the North America regions are investing heavily for developing the LNG gas infrastructure. In Europe, there has been significant increase in demand for LNG, especially in countries such as UK, France and Italy. Continuous adaptation from countries to switch to cleaner fuels for power generation and in transportation sector is essentially driving the growth of LNG market in the region. New climate change regulations and requirement by transport authorities to reduce carbon emissions from fleet operations, are driving the use of LNG.
Major Points of TOC:-
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
5 Global Small Scale LNG Market, By Mode Of Supply
6 Global Small Scale LNG Market, By Type
6.2 Liquefaction Terminal
6.2.1 Market Estimates & Forecast, 2018-2023
6.2.2 Market Estimates & Forecast By Region, 2018-2023
6.3 Regasification Terminal
6.3.1 Market Estimates & Forecast, 2018-2023
6.3.2 Market Estimates & Forecast By Region, 2018-2023
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7 Global Small Scale LNG Market, By Application
7.2.1 Market Estimates & Forecast, 2018-2023
7.2.2 Market Estimates & Forecast By Region, 2018-2023
7.3.1 Market Estimates & Forecast, 2018-2023
7.3.2 Market Estimates & Forecast By Region, 2018-2023
7.4 Industrial & Commercial
7.4.1 Market Estimates & Forecast, 2018-2023
7.4.2 Market Estimates & Forecast By Region, 2018-2023
7.5.1 Market Estimates & Forecast, 2018-2023
7.5.2 Market Estimates & Forecast By Region, 2018-2023
7.6.1 Market Estimates & Forecast, 2018-2023
7.6.2 Market Estimates & Forecast By Region, 2018-2023
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