Global Small-Scale LNG Market: Major Trends Reshaping the Future of the Industry

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What Will the Small-Scale LNG Industry Market Size Be by 2025?
There has been a substantial growth in the market size of small-scale lng over the recent years. This is projected to increase from a value of $18.51 billion in 2024 to approximately $19.87 billion in 2025, at a compound annual growth rate (CAGR) of 7.3%. Factors contributing to the growth during the historic period include diversification of energy demand, environmental regulations, the bounty of natural gas, energy solutions for remote areas, and transition of transportation fuel.

What's the Long-Term Growth Forecast for the Small-Scale LNG Market Size Through 2029?
Forecasts suggest substantial growth in the small-scale lng market over the coming years, potentially reaching a worth of $27.89 billion by 2029, with a compound annual growth rate (CAGR) of 8.8%. This anticipated growth during the forecast period can be associated with factors such as emerging public understanding and acceptance, flexibility and scalability, competitive pricing, shifts in global energy trade, diversification in industrial applications, and increasing energy demands. The major driving trends for this period include a focus on energy transition, increased environmental consciousness, availability of natural gas, energy solutions for remote areas, and a shift in the transportation industry.

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What Are the Key Growth Drivers Fueling the Small-Scale LNG Market Expansion?
The small-scale LNG market is anticipated to grow due to the increasing preference for cleaner and greener fuel. These green fuels, also referred to as biofuels or green hydrocarbons, are environmentally-friendly fuels that are obtained from biomass through various biological and thermochemical processes. This rising preference for green and clean fuels is chiefly due to a concerted effort to mitigate environmental impact and the depletion of natural resources. For example, data from the US-based government agency, the U.S. Energy Information Administration (EIA), in February 2024 revealed that the United States produced nearly 18.7 billion gallons of biofuels in 2022 and consumed almost 17.6 billion gallons. This resulted in a net export of about 1.0 billion gallons. Consequently, the small-scale LNG market is expected to benefit from this growing preference for cleaner, greener fuels.

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What Are the Key Trends Driving Small-Scale LNG Market Growth?
Large corporations partaking in the small-scale LNG market are introducing new infrastructure such as small-scale LNG bunkering vessels, in response to the growing appetite for eco-friendly solutions. A bunkering vessel in the small-scale LNG sector refers to a ship built and outfitted to administer liquefied natural gas bunkering services on a smaller degree, predominantly used for refuelling other ships. For example, in 2023, Axpo, a company from Switzerland with a focus on renewable energy, launched their own small-scale LNG bunkering vessel. Set to be constructed at the San Giorgio shipyard in Piombino, Italy, the ship possesses an intended capacity of 7,500 cubic meters. In the future, this vessel could be used for the transportation of bio-LNG and ammonia, the latter of which is increasingly perceived as a zero-emission fuel, particularly in the maritime industry. The ship is slated to perform ship-to-ship and truck-to-ship services off the Naples coast, managing the transfer of LNG to onshore tanker trucks for distribution. This is a significant contribution to the maritime industry's transition to cleaner and more sustainable energy resources.

How Is the Small-Scale LNG Market Segmented?
The small-scale lngmarket 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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Which Companies Are Leading the Charge in Small-Scale LNG Market Innovation?
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

Which Regions Are Leading the Global Small-Scale LNG Market in Revenue?
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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