Small Scale LNG - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Small Scale LNG Market is accounted for $2.27 billion in 2019 and is expected to reach $3.14 billion by 2027 growing at a CAGR of 4.1% during the forecast period. Fiscal regime and subsidies and environmental benefits are the major factors propelling the market growth. However, incomplete LNG receiving terminal infrastructure in APAC is hampering the market growth.
Small-scale LNG is altogether the LNG transportation from liquefaction terminal to regasification terminals all the way through tankers, and trucks. The requirement for small-scale LNG arises from rising command for LNG, growing number for slighter capacity liquefaction terminals, and simpler storage space facilities. These terminals have highest capacity of 0.5 MMTPA. China had 4 small-scale LNG terminals, which can assemble the demand of natural gas for small-scale projects.
Based on the type, the liquefaction terminal segment is estimated to have a lucrative growth due to the growing export of LNG, which needs liquefaction before it can be ecstatic from one port to another. In addition, the increasing quantity of liquefaction terminals across the world is determined by the rise in the demand for LNG.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to its growing usage in various end-use applications, such as heavy-duty vehicles and industrial & power. The increase in command is because of the growing population, increasing disposable income, and economic growth in South Korea, China, and Taiwan.
Some of the key players profiled in the Small Scale LNG Market include Schlumberger, FTS International, National Oilwell Varco, Inc., Baker Hughes GE, Patterson-UTI Energy, U.S. Silica Holdings, FracChem LLC., Franklin Well Service LLC, Nuverra, TechnipFMC, Halliburton, US Well Services, EOG Resources, Honeywell International Inc. and Chart Industries Inc.
• Regasification Terminal
• Liquefaction Terminal
Mode of Supplies Covered:
• Captive Consumption through Pipeline
• Trans-shipment and Bunkering
• Regas Facilities
• Truck-To-Ship Bunkering
• Bunker Barge
• Truck Fuelling Stations
• Bunkering Vessels
• LNG Storage
• Storage Hubs
• Bunkering Terminals
• LNG Trailers
• Industrial Feed Stock
• Marine Transport
• Heavy-Duty Vehicles
• Power Generation
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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