The small scale LNG market is uniquely focused in the spots where there is less generation of LNG and does not require huge LNG liquefaction plants. Developing interest for small scale LNG in rock solid vehicles, marine transport and modern and power exercises is relied upon to be one of the real drivers of the market throughout the following seven years.
The Global Small-Scale LNG Market accounted for USD 265.25 million tons per annum in 2016 and is projected to grow at a CAGR of 3.0% during the forecast period of 2017 to 2024.
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Major Market Drivers:
- Energy cost advantage of LNG over alternate energy sources
- Environmental benefits
- Fiscal regime and subsidies by governments
- High initial cost for LNG terminals
- Lack of pipeline Infrastructure in Asia-Pacific
Market Segmentation: Global Small-Scale LNG Market
The small-scale LNG market is segmented on the basis of type into liquefaction terminal and regasification terminal.
On the basis of application, the market is segmented into heavy-duty vehicles, marine transport and industrial & power.
On the basis of geography, the small-scale LNG market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Competitive Landscape: Global Small-Scale LNG Market
The global small-scale LNG market is consolidated with the presence of a limited number of players. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Small-Scale LNG Market
Some of the major players in small-scale LNG market include Chart Industries Inc., The Linde AG, Air Products & Chemicals Inc., Siemens AG, General Electric (GE Oil & Gas), Wartsila, Black & Veatch, ConocoPhillips, Plum Energy LLC, BP P.L.C., Royal Dutch Shell plc, Kunlun Energy Ltd, Skangass, Total S.A., China National Offshore Oil Corporation, Engie SA, Gazprom, Eni SpA, Pertamina, Statoil ASA and many more.
Research Methodology: Global Small-Scale LNG Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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