Global Small Scale LNG Sales Market Report 2020

Natural gas is a clean source fossil fuel with lowest emission of pollutants. The energy sector is facing issues owing to strict regulations against climate change, widening supply and demand gap, rising concern relating to cleaner and sustainable source of energy, and depleting fossil resources. Natural gas is sustainable energy source. However, the source faces storage issues as the volume of natural gas is high. To solve this problem, natural gas is converted to liquid form at liquefaction terminals, for ease of transportation. At the destination of end use, the liquefied gas is again converted to gas at regasification terminals. Liquefied natural gas (LNG) is natural gas in its, liquid form. The gas is cooled at -1600C to convert it into an odorless, colorless liquid, that can be again re-gasified at end use destination. The typical value chain for the LNG includes gas production & transmission, treatment & liquefaction plant, storage, LNG shipping in ballasts, receiving terminals, regasification, and then to end user.
Global Small Scale LNG market is expected to witness phenomenal growth during the forecast period. The market is expected to grow in Asia Pacific region and Africa region due to increasing demand for natural gas as fuel for power and automobile industry. Besides, the regions are experiencing surge in projects of liquefaction and regasification terminal. For instance, Japan and South Korea are increasing their liquefaction capacity, thus, driving the market. Egypt has emerged as new importer for LNG while Mozambique has discovered a new gas field, which will make the nation a huge gas exporter. Europe region is likely to follow the small-scale LNG market after Asia Pacific and Africa regions. According to European Union policies, the nations are phasing out coal-based power plants, thus creating surge in demand for LNG.

Market Analysis and Insights: Global Small Scale LNG Market
The global Small Scale LNG market size is projected to reach US$ 15350 million by 2026, from US$ 8618.2 million in 2020, at a CAGR of 10.1% during 2021-2026.

Global Small Scale LNG Scope and Market Size
The global Small Scale LNG market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Small Scale LNG market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.

Segment by Type, the Small Scale LNG market is segmented into
Liquefaction Terminal
Regasification Terminal

Segment by Application, the Small Scale LNG market is segmented into
Utilities
Residential
Industrial
Commercial
Marine
Transportation

The Small Scale LNG market is analysed and market size information is provided by regions (countries). Segment by Application, the Small Scale LNG market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape

and Small Scale LNG Market Share Analysis
Small Scale LNG market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Small Scale LNG business, the date to enter into the Small Scale LNG market, Small Scale LNG product introduction, recent developments, etc.

The major vendors covered:
Gazprom (Russia)
Engie SA (France)
Honeywell International Inc. (US)
Wärtsilä Corporation (Finland)
The Linde Group (Germany)
Gasum
IHI Corporation (Japan)
Excelerate Energy L.P (U.S)
Prometheus Energy (U.S)
Cryostar (US)
GE Oil & Gas (US)
Novatek (Russia)

Frequently Asked Questions