Emerging Small-Scale LNG Market Trends: New Vessel To Address The Increasing Demand For Sustainable Solutions Shaping the Future of the Industry

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Small-Scale LNG Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size of small-scale LNG has seen a considerable surge. It is projected to escalate from $18.51 billion in 2024 to $19.99 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.0%. The growth during the historic period is credited to several factors such as diversification of energy demand, environmental regulations, abundance of natural gas, provision of energy solutions in remote areas, and transition in transportation fuel.

How Will the Small-Scale LNG Market Size Evolve and Grow by 2029?
The market size of small-scale LNG is projected to witness a substantial uptake in the upcoming years. The market is set to expand to $28.47 billion by 2029, growing at a 9.2% compound annual growth rate (CAGR). Factors contributing to growth during the forecast period include the public's perception and acceptance, flexibility and scalability, competitive pricing, shifts in global energy trade, diversification in industrial usage, and increasing energy needs. The forecast period will also see key trends like a concentrated effort towards energy transition, heightened environmental consciousness, availability of natural gas, energy solutions for remote areas, and a shift in the transportation industry.

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What Drivers Are Propelling the Growth of Small-Scale LNG Market Forward?
The upturn in preference for cleaner, greener fuel is anticipated to spur the expansion of the small-scale LNG market. Green fuels, also referred to as biofuels or green hydrocarbons, are environmentally friendly fuels produced from biomass through a variety of biological and thermochemical procedures. This shift towards the cleaner, greener fuels mainly stems from the necessity to curtail environmental impact and the scarcity of natural resources. For instance, data from the U.S. Energy Information Administration (EIA), a U.S.-based government agency, indicates that in February 2024, the U.S. generated roughly 18.7 billion gallons of biofuels in 2022, with consumption figures at about 17.6 billion gallons which resulted in a net export of around 1.0 billion gallons. Therefore, the escalating preference for cleaner, greener fuels will fuel the advancement of the small-scale LNG market.

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Which Emerging Trends Are Transforming the Small-Scale LNG Market in 2025?
Significant players in the small-scale LNG market are debuting new types of crafts like small-scale LNG bunkering vessels, responding to the growing demand for eco-friendly solutions. These vessels are boats specifically designed and fitted to offer small-scale liquefied natural gas (LNG) bunkering services, often used for refueling other vessels. To illustrate, in 2023, Axpo, a renewable energy firm based in Switzerland, commissioned a small-scale LNG bunkering vessel. The ship, potentially holding up to 7,500 cubic meters, is planned to be built at the San Giorgio shipyard in Piombino, Italy. Later, the ship might be used for transporting bio-LNG and ammonia, the latter being increasingly seen as a carbon-neutral fuel, particularly in the maritime industry. This vessel is scheduled to perform ship-to-ship and ship-to-truck services off the Naples coast, helping to relocate LNG to shore-based tanker trucks for dissemination, aiding the maritime sector's pivot towards cleaner, more sustainable energy forms.

What Are the Key Segments in the Small-Scale LNG Market?
The small-scale LNG market covered in this report is segmented -

1) By Type: Liquefaction, Regasification
2) By Mode Of Supply: Truck, Rail, Transshipment And Bunkering, Captive Consumption Through Pipeline
3) By Application: Industrial, Transportation, Utilities, Marine

Subsegments:
1) By Liquefaction: Modular Liquefaction Plants, Small-Scale LNG Terminals
2) By Regasification: Small-Scale Regasification Terminals, Floating Regasification Units (FRUs)

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Who Are the Key Players Shaping the Small-Scale LNG Market's Competitive Landscape?
Major companies operating in the small-scale LNG market are 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 Geographic Markets Are Powering Growth in the Small-Scale LNG Market?
Asia-Pacific was the largest region in the small-scale LNG market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the small-scale LNG market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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