HOME Top Market Reports Small-Scale LNG Market by Type (Liquefaction Terminal, and Regasification Terminal), End-User (Heavy-Duty Vehicles, Electric Power Generation, Marine Transport), and Region - Global Forecast to 2021

Small-Scale LNG Market by Type (Liquefaction Terminal, and Regasification Terminal), End-User (Heavy-Duty Vehicles, Electric Power Generation, Marine Transport), and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: April 2017
Report Code: CH 5185

 

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The small-scale LNG market is projected to grow from 262.38 Million tons per annum in 2016 to 299.15 Million tons per annum by 2021, at a CAGR of 2.7% between 2016 and 2021. In this study, 2014 has been considered as the historic year, 2015 as the base year, and 2016 to 2021 as the forecast period for estimating the size of the small-scale LNG market.

Objectives of the Study:

  • To analyze and forecast the small-scale LNG market in terms of volume
  • To define, describe, and segment the small-scale LNG market on the basis type (in terms of total capacity additions of small-scale liquefaction and regasification terminals) and end user (in terms of total small-scale liquefied natural gas (LNG) required by various end users, globally)
  • To forecast the size of each market segment in five major regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the small-scale LNG market
  • To strategically analyze the segmented markets with respect to individual growth trends, future prospects, and contribution to the overall small-scale LNG market
  • To identify and analyze opportunities for stakeholders in the small-scale LNG market
  • To analyze competitive developments, such as agreements, expansions, partnerships, joint ventures, and new product launches in the small-scale LNG market
  • To strategically profile key players operating in the small-scale LNG market and comprehensively analyze their core competencies

Research Methodology:

This study estimates the size of the small-scale LNG market from both supply- and demand-sides for 2016 and projects its size for 2021. The supply-side focusses on the total installed capacity of small-scale liquefaction and regasification terminals, in terms of million tons per annum, whereas the demand-side emphasizes on the total quantity of small-scale liquefied natural gas (LNG) required by various end users. It provides a detailed qualitative and quantitative analysis of the small-scale LNG market. Various secondary sources, such as directories, industry journals, and databases have been used to identify and collect information useful for this extensive commercial study of the small-scale LNG market. Primary sources, such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as assess growth prospects of the small-scale LNG market during the forecast period.

Small-Scale LNG Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

Small-scale liquefied natural gas (LNG) is produced from small-scale liquefaction terminals, which are further regasified by small-scale regasification terminals to form natural gas. Some of the major companies involved in the production and distribution of small-scale liquefied natural gas (LNG) are The Linde Group (Germany), Wδrtsilδ Corporation (Finland), Honeywell International Inc. (U.S.), General Electric (U.S.), and ENGIE (France), among others. These companies focus on increasing their regional presence by undertaking various growth strategies, such as agreements, expansions, and joint ventures.

Key Target Audience:

  • Manufacturers of Small-Scale Liquefied Natural Gas (LNG)
  • End Users
  • Traders, Distributors, and Suppliers of Small-Scale Liquefied Natural Gas (LNG)
  • Associations of Regional Manufacturers of Small-Scale Liquefied Natural Gas (LNG)
  • Government and Regional Agencies and Research Organizations

Scope of the Report:

The small-scale LNG market has been segmented as follows:

Small-Scale LNG Market, by Type (Supply-Side):

  • Liquefaction Terminal
  • Regasification Terminal

Small-Scale LNG Market, by End Users (Demand-Side):

  • Heavy-Duty Vehicles
  • Electric Power Generation
  • Marine Transport
  • Others

Small-Scale LNG Market, by Region (Supply- and Demand-Sides):

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:

  • Product Analysis

Product matrix that gives a detailed comparison of product portfolio of each company

  • Regional Analysis

Further breakdown of the small-scale LNG market in a particular region to country level

  • Company Information

Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Small-Scale LNG Market
    4.2 Small-Scale LNG Market Growth, By Region (2016–2021)
    4.3 Small-Scale LNG Market: Major Countries vs End Users
    4.4 Small-Scale LNG Market Attractiveness
    4.5 Small-Scale LNG Market, By End User

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Market Segmentation, By Type
           5.2.2 Market Segmentation, By End User
           5.2.3 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Energy Cost Advantage of LNG Over Alternate Energy Sources for End Users
                    5.3.1.2 Environmental Benefits
                    5.3.1.3 Fiscal Regime and Subsidies
           5.3.2 Restraints
                    5.3.2.1 Highly Capital-Intensive LNG Systems and Supply Infrastructure
           5.3.3 Opportunities
                    5.3.3.1 Evolving LNG Supply/Demand
                    5.3.3.2 Integration of New Technologies
           5.3.4 Challenges
                    5.3.4.1 Expensive Supply Chain
    5.4 Impact Analysis
           5.4.1 Short-Term Scenarios
           5.4.2 Midterm Scenarios
           5.4.3 Long-Term Scenarios

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Value-Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Macroeconomic Overview
           6.4.1 Introduction
           6.4.2 LNG Exports
           6.4.3 LNG Imports

7 Small-Scale LNG Market, By Type (Supply Side) (Page No. - 48)
    7.1 Introduction
    7.2 Liquefaction Terminal
    7.3 Regasification Terminal

8 Small-Scale LNG Terminal Market, By End User  (Demand Side) (Page No. - 52)
    8.1 Introduction
    8.2 Heavy-Duty Vehicles
    8.3 Electric Power Generation
    8.4 Marine Transport
    8.5 Others

9 Small-Scale LNG Market, By Region (Page No. - 58)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 U.K.
           9.3.2 France
           9.3.3 Spain
           9.3.4 Portugal
           9.3.5 Norway
           9.3.6 Italy
           9.3.7 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 South Korea
           9.4.5 Taiwan
           9.4.6 Singapore
           9.4.7 Rest of Asia-Pacific
    9.5 Middle East & Africa (MEA)
           9.5.1 UAE
           9.5.2 Israel
           9.5.3 Kuwait
           9.5.4 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Chile
           9.6.3 Argentina
           9.6.4 Colombia
           9.6.5 Rest of South America

10 Competitive Landscape (Page No. - 91)
     10.1 Introduction
     10.2 Competitive Situations and Trends
     10.3 Market Share Analysis for the Key Players
     10.4 Competitive Landscape
             10.4.1 Agreements
             10.4.2 Expansions
             10.4.3 Joint Ventures

11 Company Profiles (Page No. - 98)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Introduction
     11.2 The Linde Group
     11.3 Wδrtsilδ Corporation
     11.4 Honeywell International Inc.
     11.5 General Electric
     11.6 Engie
     11.7 IHI Corporation
     11.8 Gazprom
     11.9 Skangas as
     11.10 Sofregaz S.A.
     11.11 Dresser-Rand Group, Inc.
     11.12 Prometheus Energy
     11.13 Other Players in the Market
             11.13.1 Plum Energy
             11.13.2 Excelerate Energy L.P.
             11.13.3 Cryostar Sas

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 124)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Rt Snapshot
     12.6 Related Reports
     12.7 Author Details


List of Tables (64 Tables)

Table 1 Small-Scale LNG Market Size, By Type 2014–2021 (MTPA)
Table 2 Small-Scale LNG Market Size in Liquefaction Terminal, By Region 2014–2021 (MTPA)
Table 3 Small-Scale LNG Market Size Inregasification Terminal, By Region,  2014–2021 (MTPA)
Table 4 Small-Scale LNG Market Size, By End User, 2014–2021 (MTPA)
Table 5 Small-Scale LNG Market Size in Heavy-Duty Vehicles, By Region, 2014–2021 (MTPA)
Table 6 Small-Scale LNG Market Size in Electric Power Generation, By Region,  2014–2021 (MTPA)
Table 7 Small-Scale LNG Market Size in Marine Transport, By Region, 2014–2021 (MTPA)
Table 8 Small-Scale LNG Market Size in Other End Users, By Region, 2014–2021 (MTPA)
Table 9 Small-Scale LNG Market Size, By Region (Supply Side), 2014–2021 (MTPA)
Table 10 Small-Scale LNG Market Size, By Region (Demand Side), 2014–2021 (MTPA)
Table 11 North America: Small-Scale LNG Liquefaction Terminal Capacity (Supply-Side), By Country, 2014–2021 (MTPA)
Table 12 North America: Small-Scale LNG Regasification Terminal Capacity  (Supply-Side), By Country, 2014–2021 (MTPA)
Table 13 North America: Small-Scale LNG Market Size (Supply-Side), By Type, 2014–2021 (MTPA)
Table 14 North America: Small-Scale LNG Market Size (Demand-Side), By Country, 2014–2021 (MTPA)
Table 15 North America: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 16 U.S.: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 17 Canada: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 18 Mexico: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 19 Europe: Small-Scale LNG Market Size in Liquefaction Terminal (Supply-Side), By Country, 2014–2021 (MTPA)
Table 20 Europe: Small-Scale LNG Market Size in Regasification Terminal (Supply-Side), By Country, 2014–2021 (MTPA)
Table 21 Europe: Small-Scale LNG Market Size (Supply-Side), By Type, 2014–2021 (MTPA)
Table 22 Europe: Small-Scale LNG Market Size (Demand-Side), By Country, 2014–2021 (MTPA)
Table 23 Europe: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 24 U.K.: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 25 France: Small-Scale LNG Market Size (Demand–Side), By End User,  2014–2021 (MTPA)
Table 26 Spain: Small-Scale LNG Market Size (Demnad-Side), By End User, 2014–2021 (MTPA)
Table 27 Portugal: Small-Scale LNG Market Size (Demand-Side), By End User,  2014–2021 (MTPA)
Table 28 Norway: Small-Scale LNG Market Size (Demand-Side), By End User,  2014–2021 (MTPA)
Table 29 Italy: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 30 Rest of Europe: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 31 Asia-Pacific: Small-Scale LNG Liquefaction Terminal Capacity (Supply-Side),  By Country, 2014–2021 (MTPA)
Table 32 Asia-Pacific: Small-Scale LNG Regasification Terminal Capacity (Supply-Side), By Country, 2014–2021 (MTPA)
Table 33 Asia-Pacific: Small-Scale LNG Market Size (Supply-Side), By Type, 2014–2021 (MTPA)
Table 34 Asia-Pacific: Small-Scale LNG Market Size (Demand-Side), By Country,  2014–2021 (MTPA)
Table 35 Asia-Pacific: Small-Scale LNG Market Size (Demand-Side), By End User,  2014–2021 (MTPA)
Table 36 China: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 37 Japan: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 38 India: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 39 South Korea: Small-Scale LNG Market Size (Demand-Side), By End User,  2014–2021 (MTPA)
Table 40 Taiwan: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 41 Singapore: Small-Scale LNG Market Size (Demand-Side), By End User,  2014–2021 (MTPA)
Table 42 Rest of Asia-Pacific: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 43 MEA: Small-Scale LNG Liquefaction Terminal Capacity (Supply-Side), By Country, 2014–2021 (MTPA)
Table 44 MEA: Small-Scale LNG Regasification Terminal Capacity (Supply-Side), By Country, 2014–2021 (MTPA)
Table 45 MEA: Small-Scale LNG Market Size (Supply-Side), By Type, 2014–2021 (MTPA)
Table 46 MEA: Small-Scale LNG Market Size (Demand-Side), By Country,  2014–2021 (MTPA)
Table 47 MEA: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 48 UAE: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 49 Israel: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 50 Kuwait: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 51 Rest of MEA: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 52 South America: Small-Scale LNG Liquefaction Terminal Capacity (Supply-Side), By Country, 2014–2021 (MTPA)
Table 53 South America: Small-Scale LNG Regasification Terminal Capacity  (Supply-Side), By Country, 2014–2021 (MTPA)
Table 54 South America: Small-Scale LNG Market Size (Supply-Side), By Type,  2014–2021 (MTPA)
Table 55 South America: Small-Scale LNG Market Size (Demand-Side), By Country, 2014–2021 (MTPA)
Table 56 South America: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 57 Brazil: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 58 Chile: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 59 Argentina: Small-Scale LNG Market Size (Demand-Side), By End User,  2014–2021 (MTPA)
Table 60 Colombia: Small-Scale LNG Market Size (Demand-Side), By End User,  2014–2021 (MTPA)
Table 61 Rest of South America: Small-Scale LNG Market Size (Demand-Side), By End User, 2014–2021 (MTPA)
Table 62 Agreements, 2014–2016
Table 63 Expansions, 2014–2016
Table 64 Joint Ventures, 2014–2016


List of Figures (38 Figures)

Figure 1 Small-Scale LNG Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Small-Scale LNG Market: Data Triangulation
Figure 5 Regasification Terminal to Dominate Small-Scale LNG Market Between 2016 and 2021
Figure 6 Heavy-Duty Vehicles to Dominate Small-Scale LNG Market During  the Forecast Period
Figure 7 Asia-Pacific to Be the Largest Small-Scale LNG Market Between  2016 and 2021
Figure 8 Small-Scale LNG Market to Witness Rapid Growth Between  2016 and 2021
Figure 9 Asia-Pacific Small-Scale LNG Market to Register the Highest CAGR Between 2016 and 2021
Figure 10 Japan Accounted for Largest Share of Small-Scale LNG Market Globally in 2015
Figure 11 Asia-Pacific to Be Fastest-Growing Small-Scale LNG Market Between 2016 and 2021
Figure 12 Heavy-Duty Vehicles Accounted for the Largest Share of the Small-Scale LNG Market in Asia-Pacific
Figure 13 Drivers, Restraints, Opportunities, and Challenges in the Small-Scale LNG Market
Figure 14 Factors Influencing Short Term, Midterm, and Long Term Scenarios
Figure 15 Small-Scale LNG: Value-Chain Analysis
Figure 16 LNG Exports and Market Share By Country (MTPA), 2015
Figure 17 LNG Imports and Market Share By Country (MTPA), 2015
Figure 18 Regasification Terminal to Dominate Small-Scale LNG Market Between 2016 and 2021
Figure 19 Heavy-Duty Vehicles to Dominate the Small-Scale LNG Market Between 2016 and 2021
Figure 20 Regional Snapshot (2016–2021): China and Singapore are the Emerging Hotspots
Figure 21 Asia-Pacific Market Snapshot: China is the Fastest-Growing Small-Scale LNG Market
Figure 22 Agreements Was the Most Proffered Growth Strategy By Key Players Between 2014 and 2016
Figure 23 2016 Was Observed to Be Most Active Year in Terms of Developments Within the Small-Scale LNG Market
Figure 24 Major Growth Strategies in the Global Small-Scale LNG Market, 2014-2016
Figure 25 Top 5 Market Players Accounted for More Than Half of the Market Share in 2015
Figure 26 Geographic Revenue Mix of Top 5 Market Players
Figure 27 The Linde Group: Company Snapshot
Figure 28 The Linde Group: SWOT Analysis
Figure 29 Wδrtsilδ Corporation: Company Snapshot
Figure 30 Wδrtsilδ Corporation: SWOT Analysis
Figure 31 Honeywell International Inc.: Company Snapshot
Figure 32 Honeywell International Inc.: SWOT Analysis
Figure 33 General Electric: Company Snapshot
Figure 34 General Electric: SWOT Analysis
Figure 35 Engie: Company Snapshot
Figure 36 Engie: SWOT Analysis
Figure 37 IHI Corporation: Company Snapshot
Figure 38 Gazprom: Company Snapshot

The small-scale LNG market is projected to reach 299.15 Million tons per annum by 2021, at a CAGR of 2.7% during the forecast period, 2016 to 2021. The growth of the small-scale LNG market is mainly driven by the economies of scale in designing and constructing liquefaction and regasification terminals. Various factors, such as formulation and implementation of various policies regarding emission of carbon dioxide and nitrogen oxide and modifications being carried out in the existing liquefied natural gas (LNG) terminals have led to increased use of small-scale liquefied natural gas (LNG) by various end users, such as power generation and heavy-duty vehicles. Presently, the infrastructure of small-scale liquefied natural gas (LNG) liquefaction and regasification terminals is in the development stage in several countries, such as Norway, Sweden, Canada, and Malaysia, among others.

The small-scale LNG market has been segmented on the basis of type, end user, and region. Among types, the regasification terminals segment is projected to lead the small-scale LNG market during the forecast period. Increasing demand for liquefied natural gas (LNG) from the remote locations for use in electric power plants and global commoditization of liquefied natural gas (LNG) are some of the major factors driving the demand for liquefied natural gas (LNG) from small-scale regasification terminals. This, in turn, is fueling the growth of the small-scale LNG market, globally. Development of downstream infrastructure and logistics, remote regasification terminals, trucking stations, and liquefied natural gas (LNG) bunkering across the globe are some other factors expected to lead to the growth of the small-scale LNG market during the forecast period.

On the basis of end user, the small-scale LNG market has been segmented into heavy-duty vehicles, electric power generation, marine transport, and others. In 2015, the heavy-duty vehicles segment accounted for the largest share of the small-scale LNG market. The growth of the heavy-duty vehicles segment of the small-scale LNG market can be attributed to the low cost of small-scale liquefied natural gas (LNG) in comparison to other fuels used in heavy-duty vehicles. The price of natural gas strongly depends on local tax regimes since the share of the excise duties in the road fuel prices can be large. Moreover, the use natural gas in heavy-duty vehicles enables adherence to various environment regulations such as Euro 6 regarding emission of pollutants. The electric power generation segment of the small-scale LNG market is projected to grow at the highest CAGR during the forecast period, owing to need to maintain local air quality, existence of proper liquefied natural gas (LNG) infrastructure, implementation of various strategic energy reserve policies by various regulatory authorities, and availability of residual fuels.

The Asia-Pacific, European, and North American regions are the major markets for small-scale liquefied natural gas (LNG). The Asia-Pacific small-scale LNG market is projected to grow at the highest CAGR during the forecast period. The Asia-Pacific has emerged as an important consumer of small-scale liquefied natural gas (LNG) due to the increasing demand for small-scale liquefied natural gas (LNG) for use in heavy-duty vehicles and electric power generation plants, among others. The demand for small-scale LNG in the Asia-Pacific region is also increasing due to the adequate and easy availability of liquefied natural gas (LNG) in the region, increasing adoption of liquefied natural gas (LNG) for electricity generation, and low trade prices of liquefied natural gas (LNG).

Small-Scale LNG Market

Small-scale liquefied natural gas (LNG) systems and supply infrastructure are generally more expensive than those required for conventional liquefied natural gas (LNG) infrastructure due to the utilization of complex technologies and equipment in them.

The Linde Group (Germany), Wδrtsilδ Corporation (Finland), Honeywell International Inc. (U.S.), General Electric (U.S.), and ENGIE (France), among others are the leading companies operating in the small-scale LNG market. These companies are expected to account for significant shares of the small-scale LNG market in the near future.

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