HOME Top Market Reports Small-Scale LNG Market by Type (Liquefaction Terminal and Regasification Terminal), Application (Heavy-Duty Vehicles, Marine Transport, and Industrial and Power), and Region (North America, Europe, Asia-Pacific, South America) - Global Forecast to 2022

Small-Scale LNG Market by Type (Liquefaction Terminal and Regasification Terminal), Application (Heavy-Duty Vehicles, Marine Transport, and Industrial and Power), and Region (North America, Europe, Asia-Pacific, South America) - Global Forecast to 2022

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

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From the supply-side, the small-scale LNG capacity is projected to grow from 34.9 Million tons per annum in 2017 to 48.3 Million tons per annum by 2022, at a CAGR of 6.7% between 2017 and 2022. In this study, 2015 has been considered as the historic year, 2016 as the base year, and 2017 to 2022 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 application (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 four major regions, namely, North America, Europe, Asia-Pacific, 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 2017 and projects its size for 2022. 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), Wärtsilä (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
  • Marine Transport
  • Industrial & Power Generation

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

  • North America
  • Europe
  • Asia-Pacific
  • 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. - 12)
    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 Packaging Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 16)
    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 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Opportunities in the Small-Scale LNG Market
    4.2 Small-Scale LNG Market Growth, By Region (2017–2022)
    4.3 Small-Scale LNG Market: By Application and By Major Countries
    4.4 Small-Scale LNG Market Attractiveness
    4.5 Small-Scale LNG Market, By Application

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Market Segmentation, By Type
           5.2.2 Market Segmentation, By Application
           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
                    5.3.1.2 Environmental Benefits
                    5.3.1.3 Fiscal Regime and Subsidies
           5.3.2 Restraints
                    5.3.2.1 Limited Receiving Terminal Infrastructure in Asia-Pacific
           5.3.3 Opportunities
                    5.3.3.1 LNG as Fuel in Transport and Power Generation Applications
                    5.3.3.2 Integration of New Technologies
           5.3.4 Challenges
                    5.3.4.1 Expensive Supply Chain
    5.4 Small-Scale LNG Value Chain
    5.5 Porter’s Five Forces Analysis
           5.5.1 Threat of New Entrants
           5.5.2 Threat of Substitutes
           5.5.3 Bargaining Power of Suppliers
           5.5.4 Bargaining Power of Buyers
           5.5.5 Intensity of Competitive Rivalry
    5.6 Macroeconomic Overview and Key Drivers
           5.6.1 Introduction
    5.7 Global LNG Industry Outlook
           5.7.1 LNG Exports
           5.7.2 LNG Imports

6 Small-Scale LNG Market, By Type (Supply Side) (Page No. - 43)
    6.1 Introduction
    6.2 Liquefaction Terminal
    6.3 Regasification Terminal

7 Small-Scale LNG Terminal Market, By Application (Demand Side) (Page No. - 47)
    7.1 Introduction
    7.2 Heavy-Duty Vehicles
    7.3 Marine Transport
    7.4 Industrial & Power

8 Small-Scale LNG Market, By Region (Page No. - 52)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
    8.3 Europe
           8.3.1 Norway
           8.3.2 Russia
           8.3.3 Finland
           8.3.4 Sweden
           8.3.5 Rest of Europe
    8.4 Asia-Pacific
           8.4.1 China
           8.4.2 Japan
           8.4.3 Australia
           8.4.4 Rest of Asia-Pacific
    8.5 South America
           8.5.1 Bolivia
           8.5.2 Rest of South America

9 Potential and Emerging Markets for Small-Scale LNG (Page No. - 73)
    9.1 Belgium
    9.2 France
    9.3 Greece
    9.4 Italy
    9.5 Spain
    9.6 Denmark
    9.7 Germany
    9.8 Netherlands
    9.9 Poland
    9.10 Gibraltar
    9.11 Indonesia
    9.12 Thailand
    9.13 Caribbean

10 Competitive Landscape (Page No. - 77)
     10.1 Introduction
     10.2 Competitive Situations and Trends
             10.2.1 Agreements
             10.2.2 Expansions
             10.2.3 Other Developments
     10.3 Market Share Analysis for Small-Scale LNG Market, 2016

11 Company Profiles (Page No. - 84)
(Business Overview, Products Offered, SWOT Analysis, Recent Developments, MnM View)*
     11.1 Introduction
     11.2 The Linde Group
     11.3 Wärtsilä Corporation
     11.4 Honeywell International Inc.
     11.5 General Electric
     11.6 Engie
     11.7 Gazprom
     11.8 Skangas
     11.9 Sofregaz
     11.10 Dresser-Rand
     11.11 Prometheus Energy
     11.12 Other Players in the Market
             11.12.1 Plum Energy
             11.12.2 Excelerate Energy L.P.
             11.12.3 Cryostar Sas

*Details on Business Overview, Products Offered, SWOT Analysis, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 108)
     12.1 Discussion Guide
     12.2 Introducing RT: Real-Time Market Intelligence
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available RT Snapshot
     12.5 Related Reports
     12.6 Author Details


List of Tables (47 Tables)

Table 1 Small-Scale LNG Market Size, By Type, 2015–2022 (MTPA)
Table 2 Small-Scale LNG Market Size in Liquefaction Terminal, By Region, 2015–2022 (MTPA)
Table 3 Small-Scale LNG Market Size in Regasification Terminal, By Region, 2015–2022 (MTPA)
Table 4 Small-Scale LNG Market Size, By Application, 2015–2022 (MTPA)
Table 5 Small-Scale LNG Market Size in Heavy-Duty Vehicles, By Region, 2015–2022 (MTPA)
Table 6 Small-Scale LNG Market Size in Marine Transport, By Region, 2015–2022 (MTPA)
Table 7 Small-Scale LNG Market Size in Industrial & Power, By Region, 2015–2022 (MTPA)
Table 8 Small-Scale LNG Market Size (Supply Side), By Region, 2015–2022 (MTPA)
Table 9 Small-Scale LNG Market Size (Demand Side), By Region, 2015–2022 (MTPA)
Table 10 North America: Small-Scale LNG Liquefaction Terminal Capacity (Supply Side), By Country, 2015–2022 (MTPA)
Table 11 North America: Small-Scale LNG Regasification Terminal Capacity (Supply Side), By Country, 2015–2022 (MTPA)
Table 12 North America: Small-Scale LNG Combined Capacity (Supply Side), By Country, 2015–2022 (MTPA)
Table 13 North America: Small-Scale LNG Market Size (Demand Side), By Country, 2015–2022 (MTPA)
Table 14 North America: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 15 U.S.: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 16 Canada: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 17 Europe: Small-Scale LNG Liquefaction Terminal Capacity (Supply Side), By Country, 2015–2022 (MTPA)
Table 18 Europe: Small-Scale LNG Regasification Terminal Capacity (Supply Side), By Country, 2015–2022 (MTPA)
Table 19 Europe: Small-Scale LNG Combined Capacity (Supply Side), By Country, 2015–2022 (MTPA)
Table 20 Europe: Small-Scale LNG Market Size (Demand Side), By Country, 2015–2022 (MTPA)
Table 21 Europe: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 22 Norway: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 23 Russia: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 24 Finland: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 25 Sweden: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 26 Rest of Europe: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 27 Asia-Pacific: Small-Scale LNG Liquefaction Terminal Capacity (Supply Side), By Country, 2015–2022 (MTPA)
Table 28 Asia-Pacific: Small-Scale LNG Regasification Terminal Capacity (Supply Side), By Country, 2015–2022 (MTPA)
Table 29 Asia-Pacific: Small-Scale LNG Combined Capacity (Supply Side), By Country, 2015–2022 (MTPA)
Table 30 Asia-Pacific: Small-Scale LNG Market Size (Demand Side), By Country, 2015–2022 (MTPA)
Table 31 Asia-Pacific: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 32 China: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 33 Japan: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 34 Australia: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 35 Rest of Asia-Pacific: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 36 South America: Small-Scale LNG Liquefaction Terminal Capacity (Supply Side), By Country, 2015–2022 (MTPA)
Table 37 South America: Small-Scale LNG Regasification Terminal Capacity (Supply Side), By Country, 2015–2022 (MTPA)
Table 38 South America: Small-Scale LNG Combined Capacity (Supply Side), By Country, 2015–2022 (MTPA)
Table 39 South America: Small-Scale LNG Market Size (Demand Side), By Country, 2015–2022 (MTPA)
Table 40 South America: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 41 Bolivia: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 42 Rest of South America: Small-Scale LNG Market Size (Demand Side), By Application, 2015–2022 (MTPA)
Table 43 Agreements, 2014–2017
Table 44 Expansions, 2014–2017
Table 45 Joint Ventures, 2014–2017
Table 46 New Product Launches, 2014–2017
Table 47 Acquisitions, 2014–2017


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 Liquefaction Terminal to Dominate Small-Scale LNG Market Between 2017 and 2022
Figure 6 Industrial and Power to Dominate Small-Scale LNG Market During the Forecast Period
Figure 7 Asia-Pacific to Be Largest Small-Scale LNG Market Between 2017 and 2022
Figure 8 Small-Scale LNG Market to Witness Rapid Growth Between 2017 and 2022
Figure 9 Asia-Pacific Small-Scale LNG Market to Register Highest CAGR Between 2017 and 2022
Figure 10 China Accounted for Largest Share of Small-Scale LNG Market Globally in 2016
Figure 11 Asia-Pacific to Be Fastest-Growing Small-Scale LNG Market Between 2017 and 2022
Figure 12 Industrial & Power Accounted for Largest Share of Small-Scale LNG Market, Globally
Figure 13 Small-Scale LNG Market, By Region
Figure 14 Drivers, Restraints, Opportunities, and Challenges in the Small-Scale LNG Market
Figure 15 Small-Scale LNG: Value Chain Analysis
Figure 16 LNG Exports and Market Share By Country, 2016 (MTPA)
Figure 17 LNG Imports and Market Share By Country, 2016 (MTPA)
Figure 18 Liquefaction Terminal to Dominate Small-Scale LNG Market Between 2017 and 2022
Figure 19 Industrial & Power to Dominate the Small-Scale LNG Market Between 2017 and 2022
Figure 20 Regional Snapshot (2017–2022): Canada and Finland are the Emerging Locations for the Market
Figure 21 Asia-Pacific Market Snapshot: China to Be the Fastest-Growing Small-Scale LNG Market
Figure 22 Agreements Was the Most Preferred Growth Strategy By Key Players Between 2014 and 2017
Figure 23 Maximum Number of Strategies Adopted By Market Players Was Recorded in 2016
Figure 24 Growth Strategies Adopted By Market Players in Small-Scale LNG Market, 2014–2017
Figure 25 Top Five Market Players Accounted for More Than Half of the Market Share in 2016
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 Wärtsilä Corporation: Company Snapshot
Figure 30 Wärtsilä 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 Gazprom: Company Snapshot
Figure 38 Dresser-Rand: Company Snapshot

From the supply-side, the small-scale LNG capacity is projected to reach 48.3 Million tons per annum by 2022, at a CAGR of 6.7% during the forecast period, 2017 to 2022. 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 Indonesia, among others.

The small-scale LNG market has been segmented on the basis of type, application, and region. Among types, the liquefaction 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 liquefaction 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 application, the small-scale LNG market has been segmented into heavy-duty vehicles, marine transport, and industrial and power generation. In 2016, the industrial and power generation segment accounted for the largest share of the small-scale LNG market. There are significant opportunities for Island-based LNG to drive the demand in the industrial & power applications, especially in countries such as Indonesia, the Philippines, and Myanmar. Islands in the Mediterranean Sea such as Malta and Sardinia (Italy) are also investing in small-scale LNG infrastructure to serve applications such as industrial & power plants. The key enabler for small-scale LNG in the industrial & power application is the development of a sustainable and efficient logistic network, as most of the small-scale terminals and end users are in remote locations. In 2016, Royal Dutch Shell (Netherlands) and the Government of Gibraltar signed an agreement for the supply of LNG for use in power generation in Gibraltar.

The Asia-Pacific, European, and North American regions are the major markets for small-scale liquefied natural gas (LNG). The North America small-scale LNG market is projected to grow at the highest CAGR during the forecast period. In North America, most of the small-scale LNG demand in industrial & power applications is met through peak shaving facilities. The peak shaving facilities are used to meet adequate supply of LNG to address the peak demand. In 2015, there were more than 100 peak shaving facilities in the U.S., among which one-half of the peak shaving facilities were located in the Northeast, while a quarter of them were located in the Midwest. Currently, the U.S. has among the highest number of peak shaving plants. However, less than 10% of them are available for any other use due to the current electricity demand. The commissioning of small-scale liquefaction plants can expand the peak shaving capacities in the region.

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), Wärtsilä (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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