openPR Logo
Press release

Small-Scale LNG Market | Key players operating in the market include The Linde Group, Honeywell International Inc., General Electric, Engie, Gazprom

02-07-2023 01:36 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Small-Scale LNG Market

Small-Scale LNG Market

Small-scale LNG terminals are facilities that include liquefaction and regasification terminals with a capacity of less than 1 million tons per annum (MTPA) and vessels with an LNG storage capacity of less than 30,000 cubic meters, considered as a part of the overall LNG infrastructure. In 1964, the first commercial LNG cargo was shipped from an LNG export terminal in Algeria. Currently, small-scale LNG infrastructure is in the development stage in many countries, including Norway, Sweden, Canada, and Finland.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/small-scale-lng-market-226707057.html

Browse 115 market data Tables and 40 Figures spread through 134 Pages and in-depth TOC on "Small-Scale LNG Market"

Small-scale LNG has gained attractiveness in the recent years, due to environmental emission policies, increasing LNG demand from remote locations in applications, such as industrial & power, and the ability to transport LNG over long distances without the need for heavy investment in pipelines, land acquisition across multiple states or countries, and the operational costs of such pipelines.         

MarketsandMarkets projects that the global small-scale LNG market will grow from USD 2.3 billion in 2020 to USD 2.6 billion by 2025, at a CAGR of 2.6%, during the forecast period. The growth of the market can be attributed to the increasing consumption of small-scale LNG in various end-use applications, such as heavy-duty vehicles, industrial & transport, and marine transportation. Furthermore, the energy cost advantage of LNG and environmental benefits are propelling the growth of the small-scale LNG market across the globe. However, the volatility in prices, and limited receiving terminal infrastructure of LNG act as restraints to the growth of the small-scale LNG market.

Based on type, the liquefaction segment is projected to account for the larger share in terms of value during the forecast period. The growth of the segment is attributed mainly to the increasing export of LNG, which requires liquefaction before it can be transported from one port to another. The factors mentioned above will drive demand for small-scale LNG during the forecast period. 

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=226707057   

Based on application, the heavy-duty vehicles segment will account for the largest share, in terms of value, during the forecast period. The growth of the segment is attributed to the increasing use of LNG as fuel in heavy-duty vehicles and long trucks in APAC, especially in China, as it reduces carbon emission and thus has environmental benefits.

APAC is the largest and fastest-growing market for small-scale LNG. The growth in the APAC region can be attributed to an increase in the consumption of small-scale LNG. The increasing demand for small-scale LNG in heavy-duty vehicles, industrial, and power applications supports market growth in the region. There are significant opportunities for the island-based LNG (small-scale LNG terminals located at islands) segment to grow, particularly in industrial and power applications, in Indonesia, the Philippines, Myanmar, among others. In Southeast Asia, players such as PERTAMINA (Indonesia) and Energy World Corporation (EWC) are investing in the development of small-scale LNG facilities. The rapidly growing demand for small-scale LNG applications, competitive manufacturing costs, and high economic growth rates are the favorable forces driving the small-scale LNG market in this region.   

Many major players are expanding into emerging economies of APAC, such as China and South Korea, to explore the untapped markets of the region. The low cost of setting up manufacturing facilities is also driving the growth of the small-scale LNG market in the region.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226707057

The Linde Group (Germany), Wartsila Corporation (Finland), Honeywell International Inc. (US), General Electric (US), Engie (France), and Gazprom (Russia) among others are the key players operating in the small-scale LNG market.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/small-scale-lng.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/small-scale-lng-market.asp

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Small-Scale LNG Market | Key players operating in the market include The Linde Group, Honeywell International Inc., General Electric, Engie, Gazprom here

News-ID: 2918112 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for LNG

LNG Bunkering Market Growth, Trends & Opportunities 2025 | Top key players - Tre …
LNG Bunkering Market, as analyzed in the study by DataM Intelligence, presents a detailed overview of the industry with in-depth insights, historical data, and key statistics. The report thoroughly examines market dynamics, competitive strategies, and major players, highlighting their product lines, pricing structures, financials, growth plans, and regional outreach. The Global LNG Bunkering Market is expected to grow at a CAGR of 66.4% during the forecasting period (2024-2031). Get a Free Sample
Mea Floating Lng Power Vessel Market Emerging Trends and Growth Prospects 2034 | …
On April 8, 2025, Exactitude Consultancy., Ltd. released a research report titled "Mea Floating Lng Power Vessel Market". In-depth research has been compiled to provide the most up-to-date information on key aspects of the worldwide market. This research report covers major aspects of the Mea Floating Lng Power Vessel Market including drivers, restraints, historical and current trends, regulatory scenarios, and technological advancements. It provides the industry overview with growth analysis
What's Driving the LNG Bunkering Market Trends? Key Companies are Skangass AS., …
A research report on 'LNG Bunkering Market' Added by DEC Research features a succinct analysis on the latest market trends. The report also includes detailed abstracts about statistics, revenue forecasts and market valuation, which additionally highlights its status in the competitive landscape and growth trends accepted by major industry players. Request a sample of this research report @ https://www.decresearch.com/request-sample/detail/702 The size of LNG Bunkering Market was registered at USD 800 Million in
LNG Bunkering Market Key Players Polskie LNG, Eagle LNG, ENN Energy, EVOL LNG, F …
The LNG Bunkering Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the LNG Bunkering industry based on product segment, technology, end user segment and region. As per a recent news snippet, the Caribbean is one of the most lucrative regions for LNG bunkering market, as the shipping sector seeks compliance
LNG Bunkering Industry to surpass $12bn by 2024:ENGIE,Polskie LNG,Eagle LNG, ENN …
LNG Bunkering Market size is set to exceed USD 12 billion by 2024.Growing demand for cleaner fuel coupled with strict emission regulations to reduce the airborne emissions predominantly in North America and Europe will stimulate LNG bunkering market. In 2015, International Maritime Organization (IMO) introduced Tier III norms to curb NOx emissions from marine vessels among Emission Control Areas (ECAs) under maritime boundaries. Request for a sample copy of this
Global Liquefied Natural Gas (LNG) Market 2018-22 : LNG bunkering, progressing L …
ResearchMoz presents Professional and In-depth Study of "Global Liquefied Natural Gas (LNG) Market: Industry Analysis & Outlook (2018-2022)" with coming years Industries Trends, Projections of Global Growth, Major Key Player and Case Study, Review, Share, Size, Effect. ' ' Liquefied Natural Gas (LNG) is a liquid form of natural gas, which is composed mainly of methane and other gases such as Ethane, Propane, Butane and Nitrogen. LNG liquefaction is a procedure