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It is projected that the small-scale LNG market would expand at a CAGR of 4.0% between 2023 and 2030. The global market for small-scale LNG is expected to be driven by ambitions by large corporations to expand rapidly. There are a number of variables that will drive the small-scale LNG market in the next years, namely rising demand for LNG in bunkering, road transportation, and off-grid power. However, factors such as the long payback period (over 12 years), the high CAPEX requirements, and the high operation cost of small-scale LNG in regions like the Middle East and Africa are expected to restrain the growth of the market.
Small-scale liquefied natural gas (L.N.G.) is a flammable gas that can be discovered in charred buildings and is handled in mechanical facilities with lax safety regulations. After being cooled to extremely low temperatures, the gas is transformed into an odourless, colourless fluid that may be re-gasified for use in a variety of contexts. Very narrow focus L.N.G. is widely utilised to off-lattice power ageing demands in far-flung modern and private constructions, and it is more eco-friendly than oil and diesel. It is also a common heating source in modern industrial and suburban homes, as well as a common transportation fuel.
The global market for small-scale LNG is expected to expand at a staggering rate throughout the forecast period. In Asia and Africa, where flammable gas is becoming increasingly popular as a transportation fuel, there is likely to be an increase in demand for LNG produced on a smaller scale. And while work to build liquefaction and regasification terminals are underway, flooding has become a common occurrence in the region. For instance, Japan and South Korea are driving the industry by increasing their liquefaction limitations.
Mozambique has become a big gas exporter after the discovery of a new gas field, and Egypt has become a major LNG shipper. The Europe district is expected to join the small-scale L.N.G. market after the Asia-Pacific and African areas. Coal-fired power stations in these countries are being shut down under EU accords, which has piqued the interest of L.N.G. Because of the COVID-19 pandemic, the inventory network has been disrupted, energy consumption has decreased, and consumer interest in new innovations has waned. However, as demand mounts for large-scale L.N.G. plants to generate returns to financial investors, working organisations are increasingly backing small-scale L.N.G. initiatives. On the other hand, the coronavirus has had a detrimental effect on the world economy because it has caused many regional duties to come to a halt. Some of the most well-known sectors that employ limited scope L.N.G. include the oil and gas, maritime, automotive, assembly, and force age sectors. Organisations are grappling with a number of force age-related difficulties as a result of the fall in power following COVID-19. The entire small scale LNG sector has also been badly impacted by the shutdown of companies like development and assembly.
The LNG bunkering facilities at Singapore's ports are a major contributor to the country's small-scale LNG economy. When it comes to international maritime shipping, Singapore is a world leader because to its premier trading port. The LNG bunkering of the oil tanker Pacific Emerald took place in Singapore for the first time in May 2021 thanks to the efforts of FueLNG and the Maritime and Port Authority of Singapore (MPA).
Due to its lower cost and lower environmental impact compared to diesel and fuel oil, LNG is increasingly being used to power vehicles and ships. Because LNG is non-corrosive and non-toxic, it can add up to three times as much life to a vehicle. And because LNG has such a low boiling point, it can be turned into a gaseous state at high pressure with a tiny amount of mechanical energy because just a little amount of heat is needed. Because of this, LNG is an effective fuel for vehicles. Since even a tiny temperature difference can cause LNG to boil and vaporise, wasting fuel is a major concern when working with LNG. This drastically reduces the practicality of passenger automobiles in comparison to heavier vehicles like commercial trucks. As a result, this has stifled LNG's potential in the transportation sector.
Report Coverage
Global Small Scale LNG research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Small Scale LNG report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Small Scale LNG competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Small Scale LNG market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Small Scale LNG market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Small Scale LNG market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Small Scale LNG market based on the below-mentioned segments:
Global Small Scale LNG Market, By Type
Liquefaction Terminal
Regasification Terminal
Global Small Scale LNG market, By Application
Utilities
Residential
Industrial
Commercial
Marine
Transportation
Global Small Scale LNG Market, By Mode Of Supply
Trucks
Trans-Shipment And Bunkering
Captive Consumption Through Pipeline & Rail
Global Small Scale LNG market, Regional Analysis
Small-scale liquefied natural gas (L.N.G.) is a flammable gas that can be discovered in charred buildings and is handled in mechanical facilities with lax safety regulations. After being cooled to extremely low temperatures, the gas is transformed into an odourless, colourless fluid that may be re-gasified for use in a variety of contexts. Very narrow focus L.N.G. is widely utilised to off-lattice power ageing demands in far-flung modern and private constructions, and it is more eco-friendly than oil and diesel. It is also a common heating source in modern industrial and suburban homes, as well as a common transportation fuel.
The global market for small-scale LNG is expected to expand at a staggering rate throughout the forecast period. In Asia and Africa, where flammable gas is becoming increasingly popular as a transportation fuel, there is likely to be an increase in demand for LNG produced on a smaller scale. And while work to build liquefaction and regasification terminals are underway, flooding has become a common occurrence in the region. For instance, Japan and South Korea are driving the industry by increasing their liquefaction limitations.
Mozambique has become a big gas exporter after the discovery of a new gas field, and Egypt has become a major LNG shipper. The Europe district is expected to join the small-scale L.N.G. market after the Asia-Pacific and African areas. Coal-fired power stations in these countries are being shut down under EU accords, which has piqued the interest of L.N.G. Because of the COVID-19 pandemic, the inventory network has been disrupted, energy consumption has decreased, and consumer interest in new innovations has waned. However, as demand mounts for large-scale L.N.G. plants to generate returns to financial investors, working organisations are increasingly backing small-scale L.N.G. initiatives. On the other hand, the coronavirus has had a detrimental effect on the world economy because it has caused many regional duties to come to a halt. Some of the most well-known sectors that employ limited scope L.N.G. include the oil and gas, maritime, automotive, assembly, and force age sectors. Organisations are grappling with a number of force age-related difficulties as a result of the fall in power following COVID-19. The entire small scale LNG sector has also been badly impacted by the shutdown of companies like development and assembly.
The LNG bunkering facilities at Singapore's ports are a major contributor to the country's small-scale LNG economy. When it comes to international maritime shipping, Singapore is a world leader because to its premier trading port. The LNG bunkering of the oil tanker Pacific Emerald took place in Singapore for the first time in May 2021 thanks to the efforts of FueLNG and the Maritime and Port Authority of Singapore (MPA).
Due to its lower cost and lower environmental impact compared to diesel and fuel oil, LNG is increasingly being used to power vehicles and ships. Because LNG is non-corrosive and non-toxic, it can add up to three times as much life to a vehicle. And because LNG has such a low boiling point, it can be turned into a gaseous state at high pressure with a tiny amount of mechanical energy because just a little amount of heat is needed. Because of this, LNG is an effective fuel for vehicles. Since even a tiny temperature difference can cause LNG to boil and vaporise, wasting fuel is a major concern when working with LNG. This drastically reduces the practicality of passenger automobiles in comparison to heavier vehicles like commercial trucks. As a result, this has stifled LNG's potential in the transportation sector.
Report Coverage
Global Small Scale LNG research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Small Scale LNG report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Small Scale LNG competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Small Scale LNG market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Small Scale LNG Market from 2021 to 2030.
- Market Forecast for Small Scale LNG Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Small Scale LNG competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Small Scale LNG
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Small Scale LNG market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Small Scale LNG market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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)
Primary Target Market
- Market Players of Small Scale LNG
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Small Scale LNG market based on the below-mentioned segments:
Global Small Scale LNG Market, By Type
Liquefaction Terminal
Regasification Terminal
Global Small Scale LNG market, By Application
Utilities
Residential
Industrial
Commercial
Marine
Transportation
Global Small Scale LNG Market, By Mode Of Supply
Trucks
Trans-Shipment And Bunkering
Captive Consumption Through Pipeline & Rail
Global Small Scale LNG market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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