Global Small-Scale LNG Market Size study & Forecast, by Type (Liquefaction, Regasification), Application (Heavy-Duty Vehicles, Industrial & Power, Marine Transport) and Regional Analysis, 2022-2029

Global Small-Scale LNG Market Size study & Forecast, by Type (Liquefaction, Regasification), Application (Heavy-Duty Vehicles, Industrial & Power, Marine Transport) and Regional Analysis, 2022-2029

Global Small-Scale LNG Market is valued at approximately USD 2359.80 million in 2021 and is anticipated to grow with a healthy growth rate of more than 2.6% over the forecast period 2022-2029. Small Scale LNG (SSLNG) can be defined as a set of logistics activities used to handle small and medium quantities of liquefied natural gas . SSLNG logistics is primarily used to supply LNG and Bio-LNG in the heavy road, sea and rail transport sectors. Moreover, SSLNG infrastructure provides an adaptable and flexible framework to support transportation supply chains and power generation for a wide range of industrial users. By combining the high availability of LNG with reduced infrastructure, SSLNG results in greater economic and operational efficiency. The increasing demand for Small-Scale Liquefied Natural Gas (LNG) and the growing adoption of natural gas as a transportation fuel are key factors driving the market growth.

Over the years the adoption of LNG as fuel has increased in several industries and sectors which is contributing towards the growth of the Global Small-scale LNG Market. For instance – as per the U.S. Energy Information Administration – in 2019, the industrial natural gas consumption in the USA was estimated at 9.97 trillion cubic feet, and this further increased to 10.20 trillion cubic feet in 2021. In addition, the transportation sector has 1.07 trillion cubic feet of natural gas, whereas this amount increased to 1.18 trillion cubic feet in 2021. Also, favorable Government Policies and rising industrialization in developing regions would create a lucrative growth prospectus for the market over the projected period. However, the expensive supply chain associated with Small-Scale LNG stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Small-Scale LNG Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing usage of LNG for cooking and heating purposes and the presence of leading market players. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising demand for Liquified natural gas as a transportation fuel and growing industrialization in the region.

Major market player included in this report are:
PJSC Gazprom (Russia)
Engie SA (France)
Honeywell International Inc. (U.S.)
Wärtsilä (Finland)
Linde plc (Germany)
Gasum Ltd., (Norway)
IHI Corporation (Japan)
Excelerate Energy, Inc
Prometheus Fuels (U.S)
Cryostar (U.S.)

Recent Developments in the Market:
In January 2021, Shell announced the launch of its first small-scale liquefied natural gas supply project in India. The company would make use of a truck-loading unit at its Hazira terminal in Gujarat to deliver to customers in the South Asia nation.

Global Small-Scale LNG Market Report Scope:

Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type
Liquefaction
Regasification
By Application
Heavy-Duty Vehicles
Industrial & Power
Marine Transport

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

PJSC Gazprom (Russia)
Engie SA (France)
Honeywell International Inc. (U.S.)
Wärtsilä (Finland)
Linde plc (Germany)
Gasum Ltd., (Norway)
IHI Corporation (Japan)
Excelerate Energy, Inc
Prometheus Fuels (U.S)
Cryostar (U.S.)

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