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Small-Scale LNG Global Market Report 2025: Insights into Market Size, Growth Drivers and Key Trends
Small-Scale LNG Global Market Report
• The small-scale LNG market has shown strong growth in recent years, rising from $18.51 billion in 2024 to a projected $19.99 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.0%.
• This growth can be credited to factors such as energy demand diversification, environmental regulations, natural gas abundance, remote area energy solutions, and transition in transportation fuel.
• Looking ahead, the small-scale LNG market is expected to continue to expand, reaching an estimated $28.47 billion by 2029, with a CAGR of 9.2%.
• Factors contributing to the growth during the forecast period include public perception and acceptance, flexibility and scalability, competitive pricing, shifts in global energy trade, industrial use diversification, and rising energy demand.
What Are the Key Drivers of Growth in the Small-Scale LNG Global Market?
An increased inclination towards greener, cleaner fuel is driving substantial growth in the small-scale LNG market. Biofuels, derived from biomass and known for their low environmental impact, are gaining popularity as alternatives to depleting natural resources. For instance, the U.S. Energy Information Administration reported in February 2024 that the United States had produced approximately 18.7 billion gallons of biofuels in 2022 and consumed around 17.6 billion gallons. This inclination towards biofuels is expected to drive the growth of the small-scale LNG market.
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Who Are the Key Players Driving Small-Scale LNG Global Market Growth?
• Linde PLC
• Wärtsilä Oyj Abp
• Honeywell International Inc.
• General Electric Company
• Engie SA
• SOFREGAZ SAS
• Plum Energy LLC
• Excelerate Energy Inc.
• IHI Corporation
• PAO NOVATEK
• Gasum Ltd.
• Siemens Energy AG
• Chart Industries Inc.
• Air Products & Chemicals Inc.
• PJSC Gazprom
• Prometheus Energy s.r.o.
• TotalEnergies SE
• Shell PLC
• Black & Veatch Holding Company
• Anthony Veder Group NV
• Eni SpA
• Baker Hughes Company
• Evergas AS
• Stabilis Solutions Inc.
• Chevron Corporation
• Emerson Electric Co.
• ABB limited
What Are The Key Trends in The Small-Scale LNG Global Market?
• Energy transition focus
• Environmental awareness
• Natural gas availability
• Remote area energy solutions
• Shift in transportation industry
Which are the Main Segments of the Global Small-Scale LNG Market?
The small-scale LNG market could be broadly classified by:
1) Type: Liquefaction, Regasification
2) Mode of Supply: Truck, Rail, Transshipment and Bunkering, Captive Consumption through Pipeline
3) Application: Industrial, Transportation, Utilities, Marine
Which Region Dominates the Small-Scale LNG Global Market?
Asia-Pacific was the largest region in the small-scale LNG market in 2024. Anticipated to be the fastest-growing region in the forecast period, North America follows closely. The other regions covered in the small-scale LNG market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Small-Scale LNG Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Small-Scale LNG Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Small-Scale LNG Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Small-Scale LNG Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Small-Scale LNG Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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