Global Small-Scale LNG Liquefaction Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Small-Scale LNG Liquefaction Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Small-Scale LNG Liquefaction market finds that the global Small-Scale LNG Liquefaction market reached a value of USD 971.33 million in 2022. It’s expected that the market will achieve USD 1344.66 million by 2028, exhibiting a CAGR of 5.57% during the forecast period.

Advantages of Small-Scale LNG Liquefaction

As a clean energy, it contains almost no sulfur, dust and other harmful substances, and produces less carbon dioxide when burned than other fossil fuels, resulting in a lower greenhouse effect, which can fundamentally improve environmental quality. The advantages over large-scale LNG projects are lower CAPEX, shorter construction schedule and shorter investment payback period. The flexibility can also meet the off-grid power generation of industrial and residential needs in remote areas.

Insufficient infrastructure layout

As a relatively new industry, the transportation layout of small-scale LNG is not mature enough. For this type of product, the distribution layout has a great impetus to seize market share. At present, the layout of transportation-related infrastructure is not enough, leading to high investment costs, and the large regional infrastructure gap will also affect the global layout and development of the industry.

Increasing downstream demand drives development

Due to the growing demand for LNG as a fuel for ships and heavy trucks, transportation applications are expected to give a huge boost to the small LNG market. With the development of industrialization, the market demand for electricity, fuel, etc. has increased, and the development of the small-scale LNG market has been promoted.

Region Overview:

In 2021, the share of the Small-Scale LNG Liquefaction market in East Asia stood at 28.37%.

Company Overview:

The Linde Group is one of the major players operating in the Small-Scale LNG Liquefaction market, holding a share of 12.42% in 2021.

The Linde Group

With its rich and unique experience, it develops and optimizes gas processing, separation and liquefaction technologies. Develop tailor-made factory solutions, from natural gas and oil refining to petrochemicals and fertilizers, to electronics and metal processing.

Wärtsilä Corporation

Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasizing sustainable innovation, total efficiency and data analytics, Wärtsilä maximizes the environmental and economic performance of the vessels and power plants of its customers.

Segmentation Overview:

By type, Regasification Terminal segment accounted for the largest share of market in 2021.

Liquefaction Terminal

The Liquefaction Terminal is located at the exit of the transaction. The liquefaction terminal usually receives natural gas from the well site through pipelines. Before liquefaction, water, carbon dioxide, hydrogen sulfide and other impurities that may freeze, corrode or interfere with the liquefaction process must be removed from the gas. After liquefaction, the liquefied natural gas will be transported by pipeline to the liquefied natural gas carrier or storage for transportation.

Regasification Terminal

The regasification terminal is located at the entrance of the transaction. Regasification stations usually receive natural gas by ship from other regions. At the regasification station, LNG may be temporarily stored or sent directly to the regasification plant. After regasification, it is sent through a pipeline for distribution or placed in temporary storage until it is needed.

Application Overview:

The market's largest segment by application is the segment On land, with a market share of 58.48% in 2021.

Key Companies in the global Small-Scale LNG Liquefaction market covered in Chapter 3:

Excelerate Energy
The Linde Group
Cosmodyne
GE Oil & Gas
Air ProductsChemicals Inc.
Wrtsil Corporation
Chart Industries
Honeywell UOP

In Chapter 4 and Chapter 14.2, on the basis of types, the Small-Scale LNG Liquefaction market from 2018 to 2029 is primarily split into:

Liquefaction Terminal
Regasification Terminal

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Small-Scale LNG Liquefaction market from 2018 to 2029 covers:

Offshore
On land

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)