Small-Scale LNG Market

Linde Group (Germany) and Wärtsilä Corporation (Finland) are the Key Players in the Small-Scale LNG Market

The small-scale LNG market is projected to grow from 262.38 Million tons per annum in 2016 to 299.15 Million metric tons per annum by 2021, at a CAGR of 2.7% in terms of volume. Increasing demand for liquefied natural gas (LNG) from remote locations for use in power generation plants and heavy duty transport, and global commoditization of liquefied natural gas (LNG) are the major factors driving the demand for liquefied natural gas (LNG) from small-scale regasification terminals. This, in turn, is expected to fuel the growth of the small-scale LNG market during the forecast period. Moreover, the development of downstream infrastructure and logistics, remote regasification terminals, trucking stations, and liquefied natural gas (LNG) bunkering, among others are some other factors expected to fuel the growth of the small-scale LNG market during the forecast period.

The key players in the small-scale LNG market are The Linde Group (Germany), Wärtsilä Corporation (Finland), Honeywell International Inc. (U.S.), General Electric (U.S.), and ENGIE (France), among others. These players have adopted various strategies to expand their global presence and increase their shares in the small-scale LNG market. Agreements, expansions, and joint ventures are some of the major strategies adopted by market players to achieve growth in the small-scale LNG market. These market players are undertaking agreements, expansions, and joint ventures not only to build small-scale regasification and liquefaction terminals but also to distribute liquefied natural gas (LNG) to remote locations across the globe.

The growth of the small-scale LNG market is influenced by various agreements that have taken place among different market players in the past few years. In 2016, various growth strategies, such as expansions and joint ventures were adopted by the top players operating in the small-scale LNG market to strengthen their position in the market and to significantly increase their income.

The Linde Group has a strong position in the small-scale LNG market and its engineering business segment has a global presence. The company adopted agreements as a key strategy to enhance its position in the small-scale LNG market. In March 2016, The Linde Group and Elliott Group signed an agreement to develop the main refrigerant cycle compression section for StarLNGTM plants of The Linde Group with production volume ranging between 0.2 million metric tons per annum to 1.3 million metric tons per annum. The Linde Group has small-scale liquefied natural gas (LNG) terminals across various regions, which include Europe, the Middle East & Africa, Asia-Pacific, and the Americas. The Linde Group has expertise in designing, developing, and constructing natural gas processing plants, which include small-scale liquefied natural gas (LNG) terminals, along with storing, importing, exporting, and loading facilities.  

Wärtsilä Corporation adopted the strategy of agreements to strengthen its position in the small-scale LNG market. In 2015, Wärtsilä signed a memorandum of understanding (MoU) with ENGIE, a France-based multinational company, to develop services and solutions for small-scale liquefied natural gas (LNG) plants. The agreement included distribution of small-scale liquefied natural gas (LNG) in remote areas and islands across the globe through ships. It also included distribution of small-scale liquefied natural gas (LNG) to various power stations and carrying out of bio-liquefaction processes. Moreover, Wärtsilä Corporation also offers small-scale liquefied natural gas (LNG) for various end-use applications, such as electric power generation, road transport, and marine transport, among others.  

Related 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

Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
CH 5185
RI Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Small-Scale LNG Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
© MarketsandMarkets Research Private Ltd. All rights reserved