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 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 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 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 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 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. - 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 Market Size in Liquefaction Terminal, By Region, 2015–2022 (MTPA)
Table 3 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 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: 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: 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: 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: 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

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 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 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 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 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 market. The growth of the heavy-duty vehicles segment of the 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), Wärtsilä 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 market in the near future.

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