Small Scale LNG Market by Function, Type, Application, Mode of Supply

List of Tables

[186 Pages Report] The Small Scale LNG Market size was estimated at USD 2.70 billion in 2023 and expected to reach USD 2.81 billion in 2024, at a CAGR 5.05% to reach USD 3.81 billion by 2030.

The small-scale LNG (Liquefied Natural Gas) market refers to the sector involving LNG's production, transportation, and distribution in relatively small quantities and through lower-volume value chains. Stricter emissions standards globally are promoting the adoption of cleaner fuels such as LNG. Improved LNG storage and transportation technology have made small scale operations more feasible and efficient, influencing market growth. Government incentives for cleaner energy sources bolster the growth of small-scale LNG applications. However, initial capital investment for infrastructure development remains high, potentially limiting market growth. Ensuring consistent and predictable LNG supply can be a challenge for smaller-scale operations. Moreover, investing in small-scale LNG infrastructure, such as regasification terminals and bunkering facilities, can create opportunities in emerging markets. LNG, as a transition fuel in the pathway to a low-carbon economy, may offer significant growth potential in the market.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.70 billion
Estimated Year [2024]	USD 2.81 billion
Forecast Year [2030]	USD 3.81 billion
CAGR (%)	5.05%

Function: Ongoing improvements in logistics of LNG transfer process

The LNG transfer process involves the safe and efficient movement of LNG from production facilities to where it will be stored, regasified, or directly used. The need for robust transfer systems arises from maintaining the integrity of LNG, which must be kept at extremely low temperatures. Logistics in Small-scale LNG encompasses the planning and coordination of the transport of LNG, typically involving trucks, small ships, or railway tanks.

Small-scale LNG production facilities are designed to cater to niche markets and remote locations, and LNG plants typically have a compact footprint. Regasification terminals for SSLNG enable the import and conversion of LNG back to gas form before it is distributed to end users or injected into the local gas grid. Shipping is critical, especially for island nations and areas with difficult-to-access overland routes. Specialized vessels that are smaller than the conventional LNG carriers are preferred for LNG shipping, facilitating access to smaller ports and terminals. Storage solutions for SSLNG are designed to minimize the boil-off gas (BOG) during long storage periods. BOG management is crucial to maintain the value of the stored LNG and ensure safety.

Type: Significance of LNG liquefaction process for storage and transportation

The liquefaction of the small-scale LNG refers to the process of converting natural gas into liquefied natural gas (LNG) by cooling it to approximately -162°C. The liquefaction process shrinks the volume of the gas by about 600 times, making it more cost-effective for storage and transportation, especially over long distances where pipelines are not feasible. The regasification involves converting LNG back into a gaseous state. Small-scale regasification plants are critical for end-users who cannot access natural gas through pipelines, such as remote communities or islands, allowing for the use of LNG as a cleaner alternative to coal or diesel.

Application: Diverse applications of marine transport in LNG logistics

The application of small-scale LNG in heavy-duty vehicles primarily revolves around its use as an alternative fuel source for trucks and buses. The preference for LNG is often derived from its environmental benefits - such as reduced greenhouse gas emissions - compared to traditional diesel fuel. Small-scale LNG has a significant role to play in the industrial and power sectors. Small-scale LNG is often used as a fuel for high-horsepower applications such as mining, rail, drilling operations, and serving energy facilities. In the marine transport sector, small-scale LNG is primarily utilized for fueling ships, including ferries, cargo ships, and cruise liners. The maritime industry's growing need for small-scale LNG is driven by stringent environmental regulations, such as the International Maritime Organization's (IMO) sulfur cap, which requires ships to reduce the sulfur content in their fuel.

Mode of Supply: Rising utilization of transshipment & bunkering for LNG transfer

The supply of small-scale LNG through pipelines is generally preferred for stable, continuous demand scenarios, such as supplying natural gas to residential areas or industrial complexes. Rail transport, on the other hand, allows for LNG delivery to remote areas with no pipeline connectivity. Transshipment involves the transfer of LNG from larger vessels to smaller ones, often at sea, to facilitate the delivery of LNG to remote or less accessible areas. Bunkering is the process of supplying ships with fuel, which includes LNG, for their propulsion systems. Bunkering with LNG as a marine fuel is increasingly common as it is considered an environmentally friendly alternative to traditional marine fuels. The truck delivery of LNG is a flexible mode of transport that does not require fixed infrastructure like pipelines or rails. It is particularly useful for smaller quantities and is often employed for "virtual pipelines" where the terrain or regulatory issues inhibit traditional pipeline construction.

Regional Insights

In the Americas, the United States and Canada are key players in the small-scale LNG market. The abundant availability of shale gas has made the United States a significant producer and exporter of LNG. The trend is towards using small-scale LNG for marine transport and fueling remote areas, driven by the emissions reduction policies of the International Maritime Organization (IMO). In the European Union, the focus on securing energy supply and diversifying gas sources has led to increased interest in small-scale LNG, particularly for maritime and heavy road transport. The EU's stringent emission standards have accelerated LNG's adoption as a marine fuel. The Asia Pacific region is witnessing significant growth in the small-scale LNG sector, primarily driven by the need for cleaner energy sources and the increasing demand for natural gas in countries such as China, Japan, and India. The rise in LNG-fueled vehicles and investments in LNG infrastructure, such as regasification terminals, is also prominent within the APAC region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Small Scale LNG Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Small Scale LNG Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Small Scale LNG Market, highlighting leading vendors and their innovative profiles. These include Anthony Veder Group N.V., Black & Veatch Holdings, Chart Industries, Inc., Chiyoda Corporation, Engie SA, Evergas Management A/S, Excelerate Energy, Inc., Gasum Oy, General Electric Company, Honeywell International Inc., Hyundai Heavy Industries Co., Ltd., IHI Corporation, Kawasaki Heavy Industries, Ltd, Linde PLC, PAO Novatek, Petronet LNG Limited, Plum Energy LLC, Shell PLC, Siemens AG, Sofregaz S.A., Stabilis Solutions, Inc., Teekay Corporation, TotalEnergies SE, and Wartsila Corporation.

Market Segmentation & Coverage

This research report categorizes the Small Scale LNG Market to forecast the revenues and analyze trends in each of the following sub-markets:

Function
- LNG Transfer
- Logistics
- Production
- Small Regasification & Import Terminal
- SSLNG Shipping
- Storage & Boil Off Gas

Type
- Liquefaction
- Regasification

Application
- Heavy-duty Vehicles
- Industrial & Power
- Marine Transport

Mode of Supply
- Pipeline & Rail
- Transshipment & Bunkering
- Truck

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Small Scale LNG Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Small Scale LNG Market?

3. What are the technology trends and regulatory frameworks in the Small Scale LNG Market?

4. What is the market share of the leading vendors in the Small Scale LNG Market?

5. Which modes and strategic moves are suitable for entering the Small Scale LNG Market?

Product Code: MRR-037B9321A001

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising Number of LNG-fueled Vehicles
  - 5.1.1.2. Increasing Demand from Many Industrial and Power Applications
  - 5.1.1.3. Growing Marine Transport Industry and Regulatory Support
- 5.1.2. Restraints
  - 5.1.2.1. Lack of Suitable Small Scale LNG Infrastructure
- 5.1.3. Opportunities
  - 5.1.3.1. Development of Cost-Efficient small scale LNG Infrastructure
  - 5.1.3.2. Government Initiatives to Promote LNG Fuel Across Globe
- 5.1.4. Challenges
  - 5.1.4.1. Dearth of Knowledge on Small Scale LNG and Growing Electrification in Economies
5.2. Market Segmentation Analysis
- 5.2.1. Function: Ongoing improvements in logistics of LNG transfer process
- 5.2.2. Type: Significance of LNG liquefaction process for storage and transportation
- 5.2.3. Application: Diverse applications of marine transport in LNG logistics
- 5.2.4. Mode of Supply: Rising utilization of transshipment & bunkering for LNG transfer
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Small Scale LNG Market, by Function

6.1. Introduction
6.2. LNG Transfer
6.3. Logistics
6.4. Production
6.5. Small Regasification & Import Terminal
6.6. SSLNG Shipping
6.7. Storage & Boil Off Gas

7. Small Scale LNG Market, by Type

7.1. Introduction
7.2. Liquefaction
7.3. Regasification

8. Small Scale LNG Market, by Application

8.1. Introduction
8.2. Heavy-duty Vehicles
8.3. Industrial & Power
8.4. Marine Transport

9. Small Scale LNG Market, by Mode of Supply

9.1. Introduction
9.2. Pipeline & Rail
9.3. Transshipment & Bunkering
9.4. Truck

10. Americas Small Scale LNG Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Small Scale LNG Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Small Scale LNG Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Seaspan Launches First of three LNG Bunkering Vessels
- 13.3.2. Elengy Launches Small-scale LNG Loading Service at Fos Tonkin Terminal
- 13.3.3. Axpo Launches Small-scale LNG Bunkering Vessel

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio