Small-Scale LNG Market to Experience Robust Growth during the Forecast Period of 2019 To 2023. A CAGR of 2.5% has been recorded for Global Small-Scale LNG Market Growth. Small Scale LNG Market is segmented by Type (Liquefaction Terminal, Regasification Terminal), Mode of Supply, Application (Utilities, Residential, Industrial, Commercial, Marine, Transportation), and Region.
The prominent players of global small-scale LNG market are listed as 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.
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Small-Scale LNG Market Insight:
The global small-scale LNG market is set to expand at 2.5% CAGR during the forecast period, according to Market Research Future reports. Natural gas plays an integral part in balancing the environmental conditions, as it is a clean source of fossil fuel with emits lowest pollutant. Due to strict regulations against climatic change, wide gap between supply and demand, the energy sector is facing some issues since past decades. However, since more exploration and researches paced, the energy sector boomed double-digit in the last ten years. Such a boom also opened ways for small-scale LNG market to expand considerably over the forecast period.
In current time, natural gas is converted to liquid form at liquefaction terminals for the ease of transportation. Globally, the number of liquefaction & re-gasification terminals is now increasing, given the increasing demand for energy fuel, which forced the small-scale LNG market highly. Coming to Liquefied natural gas (LNG), it is natural gas but in its liquid form. The gas is odorless, colorless liquid that can be again re-gasified for multiple purposes.
Market Drivers & Trends:
The foremost demand for LNG comes from power plants, fertilizer industry, and transportation fueling, cooking, and heating for industrial, commercial & residential sector. In recent time, the smaller scale LNG projects are revamping its worth with mounting demand for LNG and its emerging market in the form of importers and exporters. These factors are contributing to the immense growth of the market.
Small-scale LNG transported from liquefaction terminal to re-gasification terminals through tankers, ship, and trucks. The need for small-scale LNG arises from surging demand for LNG, the rising number for lesser capacity liquefaction terminals, and more unaffected storage facilities. In case of point, in Singapore the small-scale LNG terminal records a capacity of only 11 MTPA. In 2017, China had four small LNG terminals, which met the demand for natural gas for small-scale projects. The fulfilling advantages of small-scale LNG are notable as having flexible annual delivery contracts, and minimum counterparty risks. These are also some of the profiling factors that are taking the market towards high growth level in the coming years.
Market Segmentation:
The global small-scale LNG market has been segmented by mode of supply, type, and application.
In terms of type, the market is further segmented into liquefaction and re-gasification terminals. Among which, liquefaction terminal segment posses the larger market share owing to escalating natural gas storage infrastructure.
In terms of mode of supply, the global small-scale LNG market is segmented as Trucks, Trans-shipment and Bunkering, Captive Consumption through Pipeline & Rail. Among these, the trans-shipment and Bunkering market is prominent in the market with the support of booming shipping industry.
In terms of applications, the market includes utilities, residential, industrial & commercial, marine, and transportation.
Detailed Regional Outlook:
The market for Small-Scale LNG is to observe exceptional growth through the regions of Asia Pacific and Africa owing to the mounting demand for natural gas as fuel for the automobile and power industry. Also, these regions are witnessing an exponential surge in projects of re-gasification and liquefaction terminal. In this, South Korea and Japan are raising their liquefaction capacity, which is resulting in driving the market rapidly. Egypt has also appeared as a new importer for LNG and has revealed a new gas field, which is anticipated to fortify the nation’s position as a considerable gas exporter. The European region is also anticipated to follow the path of the small-scale LNG market revenues after the Asia Pacific and Africa regions.
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Small Scale LNG Market, By Mode Of Supply
5.1 Introduction
5.2 Trucks
5.2.1 Market Estimates & Forecast, 2018-2023
5.2.2 Market Estimates & Forecast By Region, 2018-2023
5.3 Trans-Shipment And Bunkering
5.3.1 Market Estimates & Forecast, 2018-2023
5.3.2 Market Estimates & Forecast By Region, 2018-2023
5.4 Captive Consumption Through Pipeline & Rail
5.4.1 Market Estimates & Forecast, 2018-2023
5.4.2 Market Estimates & Forecast By Region, 2018-2023
6 Global Small Scale LNG Market, By Type
6.1 Introduction
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
7 Global Small Scale LNG Market, By Application
7.1 Introduction
7.2 Utilities
7.2.1 Market Estimates & Forecast, 2018-2023
7.2.2 Market Estimates & Forecast By Region, 2018-2023
7.3 Residential
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 Marine
7.5.1 Market Estimates & Forecast, 2018-2023
7.5.2 Market Estimates & Forecast By Region, 2018-2023
7.6 Transportation
7.6.1 Market Estimates & Forecast, 2018-2023
7.6.2 Market Estimates & Forecast By Region, 2018-2023
8 Global Small Scale LNG Market, By Region
Continued…
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