Small Scale LNG Market : Analysis, Top Key Players, Drivers and Trends by Forecast to 2023

Market Scenario
The growth of the Small-Scale LNG Market is mainly driven by the increased use of LNG in transportation and stand up power operations. The growth of the small-scale LNG market can be attributed to the low cost of small-scale liquefied natural gas in comparison to other fuels used in heavy-duty vehicles and reduced emissions when compared to diesel and other fossil fuels. Increasing demand for liquefied natural gas from remote locations for use in electric power plants and global commoditization of liquefied natural gas are some of the major factors driving the demand for liquefied natural gas. Furthermore, there is huge development of downstream infrastructure and logistics for LNG gas supply in Europe and North America regions.

The market has been analyzed based on LNG types, modes of supply, applications and regions. Among all regions, the Asia-Pacific region is expected to grow rapidly. The rapid population growth and the increase in demand for cleaner energy in the region is expected to drive the growth of the LNG market over the forecast period. Further in North America and Europe regions, there is an increased use of LNG in heavy vehicle transportation and marine vessel operations, which is expected to drive the growth of the market.

Global Small Scale LNG Market is predicted to grow at approximately 2.5% by 2022

Key Players
The key players of global small scale LNG Markets are Public Joint Stock Company Gazprom (Russia), Engie SA (France), and The Linde Group (Germany), Honeywell International Inc. (U.S), General Electric (U.S), Wärtsilä Corporation (Finland), Skangas AS (Norway), Prometheus Energy (U.S), Excelerate Energy L.P (U.S) and IHI Corporation (Japan).

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Utilities and Industrial Sector Is Expected To Dominate The LNG Market
With advancement in technologies, LNG is increasingly being used in power generation applications and also to provide power to remote areas where power infrastructure is weak. The increased use of LNG is mainly due to the fact that natural gas power generation results in the cleaner generation of electricity. Lower capital costs, higher fuel efficiency, shorter construction times and reduced CO2 emissions are other advantages of using LNG. This has encouraged global utilities to invest in LNG infrastructure such as LNG bunkering and has increased the use of renewable natural gas while providing low cost electricity. The government and local policies and regulations further support the incorporation of more LNG into energy generation mix. The industrial sector also relies on natural gas as a fuel for manufacturing many of the products such as paper and pulp, metals, chemicals, fertilizers, fabrics, pharmaceuticals and plastics.

Market Research Analysis
Asia-Pacific is expected to be the largest market for LNG, especially because of countries such as China and India in the region. For providing power in remote locations, LNG is increasingly used because of its clean and low emission properties that are further supported by government commitments to change to LNG based economies. These countries are increasingly investing in LNG infrastructure and there is adequate availability of LNG through subsidized schemes and distribution network.

Europe and the North America regions are investing heavily for developing the LNG gas infrastructure. In Europe, there has been significant increase in demand for LNG, especially in countries such as UK, France and Italy. Continuous adaptation from countries to switch to cleaner fuels for power generation and in transportation sector is essentially driving the growth of LNG market in the region. New climate change regulations and requirement by transport authorities to reduce carbon emissions from fleet operations, are driving the use of LNG.

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Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model

3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis

4 Global Small Scale LNG, By Type
4.1 Introduction
4.2 Liquefaction Terminal
4.3 Regasification Terminal
5 Global Small Scale LNG, By Modes Of Supply
Continue……..

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