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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


Product Code : MNMCH00108184
Survey : MarketsandMarkets
Publish On : 20, May, 2022
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
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[Report Description]

“In terms of volume, the small-scale LNG market is projected to grow at a CAGR of 2.7% during the forecast period, 2016 to 2021.”

In terms of volume, the small-scale LNG market is projected to reach 299.15 million metric tons per annum by 2021, at a CAGR of 2.7% from 2016 to 2021. Increasing demand for liquefied natural gas (LNG) from the remote locations for use in electric power generation 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. Moreover, the development of downstream infrastructure and logistics, remote regasification terminals, trucking stations, and liquefied natural gas (LNG) bunkering are some other factors fueling the growth of the small-scale LNG market. The liquefied natural gas (LNG) systems and supply infrastructures of liquefied natural gas are more expensive than those required for conventional fuels due to the utilization of complex technologies and equipment in them. This factor is expected to hamper the growth of the small-scale LNG market during the forecast period. Moreover, continuously changing regulatory environment for the small-scale liquefied natural gas (LNG) production also poses a challenge to the growth of the small-scale LNG market.

“The electric power generation end user segment of the small-scale LNG market is projected to grow at the highest CAGR during the forecast period.”
The electric power generation end user segment of the small-scale LNG market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. The growth of electric power generation end user segment of the small-scale LNG market can be attributed to need for maintaining local air quality, existence of proper liquefied natural gas (LNG) infrastructure, implementation of strategic energy reserve policies by various regulatory authorities, and availability of residual fuels. Power plants that supply power in emergency situations are not preferred for conversion to small-scale liquefied natural gas (LNG) plants due to high expenditure involved in the storing of small-scale liquefied natural gas (LNG) as compared to diesel.



“The Asia-Pacific small-scale LNG market is projected to grow at the highest CAGR during the forecast period.”
In terms of volume, the Asia-Pacific small-scale LNG market is projected to grow at the highest CAGR during the forecast period. The Asia-Pacific region has emerged as an important consumer of small-scale liquefied natural gas (LNG) due to increasing demand for small-scale liquefied natural gas (LNG) for use in heavy-duty vehicles and electric power generation, among others. The demand for small-scale liquefied natural gas (LNG) in the Asia-Pacific region is 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 for liquefied natural gas (LNG).


Extensive primary interviews were conducted in the process of determining and verifying the sizes of various segments and subsegments of the small-scale LNG market obtained through secondary research. The breakdown of primaries is given as follows:
• By Company: Tier 1 - 72%, Tier 2 - 25%, and Tier 3 - 3%
• By Designation: C level - 24% and Manager Level - 76%
• By Region: North America - 10%, Europe - 20%, Asia-Pacific - 45%, and Rest of the World - 25%

The key players profiled in the report include The Linde Group (Germany), Wärtsilä Corporation (Finland), Honeywell International Inc. (U.S.), General Electric (U.S.), and ENGIE (France), among others.

Study Coverage
This report covers the small-scale LNG market, in terms of volume and forecasts the market size till 2021. The report includes the market segmentation on the basis of type, end user, and region. It also provides detailed information about the key market players and competitive strategies adopted by them to strengthen their position in the small-scale LNG market.

Key Benefits of Buying this Report:
This research report is focused on various levels of analysis—industry trends, market share analysis of the key players, supply chain analysis, and company profiles. These insights together comprise and discuss the overall view on the competitive landscape, emerging and high-growth segments of the small-scale LNG market, high-growth regions, and drivers, restraints, opportunities, and challenges impacting the growth of the small-scale LNG market.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 SCOPE OF THE STUDY 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 17
1.5 PACKAGE 17
1.6 LIMITATIONS 17
1.7 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primary interviews 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 30
4.1 ATTRACTIVE OPPORTUNITIES IN THE SMALL-SCALE LNG MARKET 30
4.2 SMALL-SCALE LNG MARKET GROWTH, BY REGION (2016–2021) 31
4.3 SMALL-SCALE LNG MARKET: MAJOR COUNTRIES VS END USERS 31
4.4 SMALL-SCALE LNG MARKET ATTRACTIVENESS 32
4.5 SMALL-SCALE LNG MARKET, BY END USER 33

5 MARKET OVERVIEW 34
5.1 INTRODUCTION 35
5.2 MARKET SEGMENTATION 35
5.2.1 MARKET SEGMENTATION, BY TYPE 35
5.2.2 MARKET SEGMENTATION, BY END USER 35
5.2.3 BY REGION 36
5.3 MARKET DYNAMICS 36
5.3.1 DRIVERS 37
5.3.1.1 Energy cost advantage of LNG over alternate energy sources for end users 37
5.3.1.2 Environmental benefits 38
5.3.1.3 Fiscal regime and subsidies 38
5.3.2 RESTRAINTS 38
5.3.2.1 Highly capital-intensive LNG systems and supply infrastructure 38
5.3.3 OPPORTUNITIES 39
5.3.3.1 Evolving LNG supply/demand 39
5.3.3.2 Integration of new technologies 39
5.3.4 CHALLENGES 39
5.3.4.1 Expensive supply chain 39
5.4 IMPACT ANALYSIS 40
5.4.1 SHORT-TERM SCENARIOS 40
5.4.2 MIDTERM SCENARIOS 40
5.4.3 LONG-TERM SCENARIOS 41
6 INDUSTRY TRENDS 42
6.1 INTRODUCTION 42
6.2 VALUE-CHAIN ANALYSIS 42
6.3 PORTER’S FIVE FORCES ANALYSIS 43
6.3.1 THREAT OF NEW ENTRANTS 44
6.3.2 THREAT OF SUBSTITUTES 44
6.3.3 BARGAINING POWER OF SUPPLIERS 45
6.3.4 BARGAINING POWER OF BUYERS 45
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 45
6.4 MACROECONOMIC OVERVIEW 46
6.4.1 INTRODUCTION 46
6.4.2 LNG EXPORTS 46
6.4.3 LNG IMPORTS 47

7 SMALL-SCALE LNG MARKET, BY TYPE (SUPPLY SIDE) 48
7.1 INTRODUCTION 49
7.2 LIQUEFACTION TERMINAL 50
7.3 REGASIFICATION TERMINAL 50
8 SMALL-SCALE LNG TERMINAL MARKET, BY END USER (DEMAND SIDE) 52
8.1 INTRODUCTION 53
8.2 HEAVY-DUTY VEHICLES 54
8.3 ELECTRIC POWER GENERATION 55
8.4 MARINE TRANSPORT 56
8.5 OTHERS 57
9 SMALL-SCALE LNG MARKET, BY REGION 58
9.1 INTRODUCTION 59
9.2 NORTH AMERICA 61
9.2.1 U.S. 63
9.2.2 CANADA 64
9.2.3 MEXICO 64
9.3 EUROPE 65
9.3.1 U.K. 68
9.3.2 FRANCE 68
9.3.3 SPAIN 69
9.3.4 PORTUGAL 70
9.3.5 NORWAY 70
9.3.6 ITALY 71
9.3.7 REST OF EUROPE 72
9.4 ASIA-PACIFIC 72
9.4.1 CHINA 76
9.4.2 JAPAN 76
9.4.3 INDIA 77
9.4.4 SOUTH KOREA 78
9.4.5 TAIWAN 78
9.4.6 SINGAPORE 79
9.4.7 REST OF ASIA-PACIFIC 80
9.5 MIDDLE EAST & AFRICA (MEA) 80
9.5.1 UAE 82
9.5.2 ISRAEL 83
9.5.3 KUWAIT 84
9.5.4 REST OF MIDDLE EAST & AFRICA 85

9.6 SOUTH AMERICA 85
9.6.1 BRAZIL 87
9.6.2 CHILE 88
9.6.3 ARGENTINA 89
9.6.4 COLOMBIA 89
9.6.5 REST OF SOUTH AMERICA 90
10 COMPETITIVE LANDSCAPE 91
10.1 INTRODUCTION 91
10.2 COMPETITIVE SITUATIONS AND TRENDS 92
10.3 MARKET SHARE ANALYSIS FOR THE KEY PLAYERS 94
10.4 COMPETITIVE LANDSCAPE 95
10.4.1 AGREEMENTS 95
10.4.2 EXPANSIONS 96
10.4.3 JOINT VENTURES 97
11 COMPANY PROFILES 98
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 INTRODUCTION 98
11.2 THE LINDE GROUP 99
11.3 WÄRTSILÄ CORPORATION 102
11.4 HONEYWELL INTERNATIONAL INC. 105
11.5 GENERAL ELECTRIC 108
11.6 ENGIE 111
11.7 IHI CORPORATION 114
11.8 GAZPROM 116
11.9 SKANGAS AS 118
11.10 SOFREGAZ S.A. 120
11.11 DRESSER-RAND GROUP, INC. 121
11.12 PROMETHEUS ENERGY 122
11.13 OTHER PLAYERS IN THE MARKET 123
11.13.1 PLUM ENERGY 123
11.13.2 EXCELERATE ENERGY L.P. 123
11.13.3 CRYOSTAR SAS 123
*Details might not be captured in case of unlisted companies.

12 APPENDIX 124
12.1 INSIGHTS FROM INDUSTRY EXPERTS 124
12.2 DISCUSSION GUIDE 125
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 129
12.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 131
12.5 AVAILABLE RT SNAPSHOT 132
12.6 RELATED REPORTS 132
12.7 AUTHOR DETAILS 133

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