Small-Scale LNG Market by Type (Liquefaction, Regasification), Application (Heavy-Duty Vehicles, Industrial & Power, Marine Transport), Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global Trends and Forecast From 2019 To 2028

Published on: Mar 2022
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Market Size	CAGR	Dominating Region
USD 2.87 billion	2.8%	Asia Pacific

By Type	By Application	By Region
Liquefaction Regasification	Heavy-Duty Vehicles Industrial & Power Marine Transport Others (Mining Activities and Rail Engines)	Asia Pacific Europe Asia Pacific South America Middle East and Africa

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Small-Scale LNG Market Overview

The global small scale LNG market is expected to grow at 2.8% CAGR from 2019 to 2028. It is expected to reach above USD 2.87 billion by 2028 from USD 2.30 billion in 2019.

Small-scale liquefied natural gas (LNG) denotes natural gas that has undergone liquefaction in industrial facilities of limited capacity. This process converts the gas into a colorless and odorless liquid state, which, upon re-gasification after being cooled to exceedingly low temperatures, becomes suitable for various applications. Small-scale LNG presents a more environmentally benign alternative to oil and diesel, finding extensive use in meeting off-grid power generation requirements in remote industrial and residential settings.

The demand for small-scale LNG has witnessed substantial growth across multiple sectors, encompassing bunkering, road transport, and off-grid power generation. Bunkering, entailing fuel supply to ships, is increasingly embracing LNG as a cleaner substitute for conventional marine fuels, aligning with stricter emissions regulations to reduce sulfur and particulate matter emissions and foster cleaner maritime operations. In road transport, small-scale LNG is gaining momentum as a viable option for heavy-duty vehicles like trucks and buses, offering lower emissions, enhanced air quality, and superior fuel efficiency compared to diesel. Furthermore, in remote or off-grid regions devoid of access to centralized power grids, small-scale LNG is emerging as a dependable and cleaner alternative for power generation. The adaptability and scalability of small-scale LNG infrastructure render it suitable for diverse applications, catering to the escalating demand for cleaner energy solutions across these sectors.

Small-Scale LNG Market | Exactitude Consultancy

The burgeoning demand for energy-efficient and cost-effective energy sources stands as a pivotal driver propelling market expansion. Additionally, widespread acceptance within the transportation sector contributes significantly to market growth. The surging energy demand has intensified the requirement for LNG, prompting heightened LNG production. Furthermore, numerous remote areas lacking electricity access, coupled with governmental initiatives aimed at enhancing rural electrification, have bolstered demand for LNG.

Small-Scale LNG Market Segment Analysis

The global small scale LNG market has been segmented based on type, application, and region

Based on type market is divided into the liquefaction, regasification. The liquefaction segment is expected to account for the largest market share during the forecast period. The increasing export of LNG, which requires liquefaction before it can be transported from one port to another, is attributed to the growth in this segment. Furthermore, the increased demand for LNG is driving the global expansion of liquefaction terminals. During the forecast period, the aforementioned factors are expected to drive demand.

Based on application market is divided into the Heavy-Duty Vehicles, Industrial & Power, Marine Transport. Heavy-duty vehicles are expected to account for the majority of market share. The increasing use of LNG as a fuel in heavy-duty vehicles, particularly in China and Europe, is attributed to the segment’s growth. Globally, LNG is the most viable option for long-haul LNG-fueled trucks. The density of LNG in heavy-duty vehicles can vary significantly across a range of saturation pressures and storage temperatures. The LNG vehicle fuel system delivers natural gas to the engine at the required supply pressure while increasing fuel density in vehicle tanks and fueling stations. Demand is expected to be driven by these factors.

Small-Scale LNG Market Players

The key players in the small-scale LNG market include Linde, Sofregaz Company, WÄRTSILÄ, Stabilis Energy, Inc., Baker Huges, a GE company LLC (A Subsidiary of GENERAL ELECTRIC), Honeywell (A Subsidiary of Honeywell International), Total, Royal Dutch Shell plc, Siemens, Air Products and Chemicals, Inc., Gasum Oy, Black & Veatch Holding Company, ENGIE, Gazprom, Excelerate Energy. L. P., Equinor ASA, PT Pertamina (Persero), China National Offshore Oil Corporation, Eni S.p.A., Kunlun Energy Company Limited, and bp p.l.c. among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Who Should Buy? Or Key stakeholders

Small Scale LNG Companies.
Service providers of small-scale LNG
Power and energy companies.
Government and research organizations.
Investment research firms.

Small-Scale LNG Market Regional Analysis

The small-scale LNG Market by region includes Asia Pacific, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

Asia Pacific: includes the US, Canada, Mexico
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

APAC is the largest and fastest-developing small-scale LNG market, due to its increasing usage in various end-use applications, such as heavy-duty vehicles and industrial & power. The increase in demand is because of the increasing population, rising disposable income, and economic growth in China, South Korea, and Taiwan. These factors are expected to fuel the demand for small-scale LNG in the region during the forecast period.

Key Market Segments: Small Scale LNG Market

Small Scale LNG Market by Type, 2019-2028, (In USD Billion)

Liquefaction
Regasification

Small Scale LNG Market by Application, 2019-2028, (In USD Billion)

Heavy-Duty Vehicles
Industrial & Power
Marine Transport
Others (Mining Activities and Rail Engines)

Small Scale LNG Market by Region, 2019-2028, (In USD Million)

Asia Pacific
Europe
Asia Pacific
South America
Middle East and Africa

Important Countries in All Regions Are Covered.

Key Question Answered

What is the current size of the Small-Scale LNG market?
What are the key factors influencing the growth of small-scale LNG?
What are the major applications for Small Scale LNG?
Which key developments are expected to have a high impact on the market?
Who are the major key players in the small-scale LNG market?
Which region will provide more business opportunities for Small Scale LNG in future?
Which segment holds the maximum share of the small-scale LNG market?

Introduction
1. Market Definition
2. Market Segmentation
3. Research Timelines
4. Assumptions and Limitations
Research Methodology
1. Data Mining
  1. Secondary Research
  2. Primary Research
  3. Subject-Matter Experts’ Advice
2. Quality Checks
  1. Final Review
3. Data Triangulation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Research Flow
4. Data Sources
Executive Summary
Market Overview
1. Global Small Scale LNG Market Outlook
  1. Market Drivers
  2. Market Restraints
  3. Market Opportunities
2. Impact of Covid-19 On Small Scale LNG Market
3. Porter’s five forces model
  1. Threat from new entrants
  2. Threat from substitutes
  3. Bargaining power of suppliers
  4. Bargaining power of customers
  5. Degree of competition
4. Industry value chain Analysis
Global Small Scale LNG Market by Type
1. Liquefaction
2. Regasification
Global Small Scale LNG Market by Application
1. Heavy-duty vehicles
2. Industrial & power
3. Marine transport
4. Others (mining activities and rail engines)
Global Small Scale LNG Market, By Region
1. North America
  1. Us
  2. Canada
  3. Mexico
2. South America
  1. Brazil
  2. Argentina
  3. Colombia
  4. Rest Of South America
3. Europe
  1. Germany
  2. Uk
  3. France
  4. Italy
  5. Spain
  6. Russia
  7. Rest Of Europe
4. Asia Pacific
  1. India
  2. China
  3. Japan
  4. South Korea
  5. Australia
  6. South-East Asia
  7. Rest Of Asia Pacific
5. Middle East and Africa
  1. UAE
  2. Saudi Arabia
  3. South Africa
  4. Rest Of Middle East and Africa

Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)
1. The Linde Group
2. Wartsila Corporation
3. Honeywell International Inc.
4. General Electric
5. Engie
6. Gazprom
7. Gasum Oy
8. Sofregaz
9. Dresser-Rand
10. Prometheus Energy

*The Company List Is Indicative

LIST OF TABLES

TABLE 1 GLOBAL SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 2 GLOBAL SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 3 GLOBAL SMALL SCALE LNG MARKET BY REGION (USD MILLIONS) 2019-2028

TABLE 4 US SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 5 US SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 6 CANADA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 7 CANADA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 8 MEXICO SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 9 MEXICO SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 10 BRAZIL SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 11 BRAZIL SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 12 ARGENTINA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 13 ARGENTINA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 14 COLOMBIA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 15 COLOMBIA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 16 REST OF SOUTH AMERICA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 17 REST OF SOUTH AMERICA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 18 INDIA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 19 INDIA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 20 CHINA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 21 CHINA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 22 JAPAN SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 23 JAPAN SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 24 SOUTH KOREA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 25 SOUTH KOREA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 26 AUSTRALIA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 27 AUSTRALIA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 28 SOUTH-EAST ASIA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 29 SOUTH-EAST ASIA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 30 REST OF ASIA PACIFIC SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 31 REST OF ASIA PACIFIC SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 32 GERMANY SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 33 GERMANY SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 34 UK SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 35 UK SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 36 FRANCE SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 37 FRANCE SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 38 ITALY SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 39 ITALY SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 40 SPAIN SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 41 SPAIN SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 42 RUSSIA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 43 RUSSIA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 44 REST OF EUROPE SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 45 REST OF EUROPE SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 46 UAE SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 47 UAE SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 48 SAUDI ARABIA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 49 SAUDI ARABIA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 50 SOUTH AFRICA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 51 SOUTH AFRICA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 52 REST OF MIDDLE EAST AND AFRICA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 53 REST OF MIDDLE EAST AND AFRICA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 54 GLOBAL SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 55 GLOBAL SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 56 GLOBAL SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 57 US SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 58 US SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 59 CANADA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 60 CANADA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 61 MEXICO SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 62 MEXICO SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 63 BRAZIL SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 64 BRAZIL SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 65 ARGENTINA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 66 ARGENTINA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 67 COLOMBIA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 68 COLOMBIA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 69 REST OF SOUTH AMERICA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 70 REST OF SOUTH AMERICA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 71 INDIA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 72 INDIA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 73 CHINA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 74 CHINA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 75 JAPAN SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 76 JAPAN SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 77 SOUTH KOREA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 78 SOUTH KOREA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 79 AUSTRALIA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 80 AUSTRALIA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 81 SOUTH-EAST ASIA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 82 SOUTH-EAST ASIA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 83 REST OF ASIA PACIFIC SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 84 REST OF ASIA PACIFIC SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 85 GERMANY SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 86 GERMANY SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 87 UK SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 88 UK SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 89 FRANCE SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 90 FRANCE SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 91 ITALY SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 92 ITALY SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 93 SPAIN SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 94 SPAIN SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 95 RUSSIA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 96 RUSSIA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 97 REST OF EUROPE SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 98 REST OF EUROPE SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 99 UAE SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 100 UAE SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 101 SAUDI ARABIA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 102 SAUDI ARABIA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 103 SOUTH AFRICA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 104 SOUTH AFRICA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

TABLE 105 REST OF MIDDLE EAST AND AFRICA SMALL SCALE LNG MARKET BY APPLICATION (USD MILLIONS) 2019-2028

TABLE 106 REST OF MIDDLE EAST AND AFRICA SMALL SCALE LNG MARKET BY TYPE (USD MILLIONS) 2019-2028

LIST OF FIGURES

FIGURE 1 MARKET DYNAMICS

FIGURE 2 MARKET SEGMENTATION

FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4 DATA TRIANGULATION

FIGURE 5 BOTTOM-UP APPROACH

FIGURE 6 TOP-DOWN APPROACH

FIGURE 7 RESEARCH FLOW

FIGURE 8 GLOBAL SMALL SCALE LNG MARKET BY TYPE, USD MILLION, 2019-2028

FIGURE 9 GLOBAL SMALL SCALE LNG MARKET BY APPLICATION, USD MILLION, 2019-2028

FIGURE 10 GLOBAL SMALL SCALE LNG MARKET BY REGION, USD MILLION, 2019-2028

FIGURE 11 PORTER’S FIVE FORCES MODEL

FIGURE 12 NORTH AMERICA SMALL SCALE LNG MARKET SNAPSHOT

FIGURE 13 EUROPE SMALL SCALE LNG MARKET SNAPSHOT

FIGURE 14 ASIA PACIFIC SMALL SCALE LNG MARKET SNAPSHOT

FIGURE 15 SOUTH AMERICA SMALL SCALE LNG MARKET SNAPSHOT

FIGURE 16 MIDDLE EAST & AFRICA SMALL SCALE LNG MARKET SNAPSHOT

FIGURE 17 COMPANY NAME: COMPANY SNAPSHOT

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