Small Scale LNG Market Scope
Liquefied natural gas (LNG) is the type of natural gas that has been cooled to a liquid state for shipping and storage. Small-scale LNG refers to transportation from liquefaction terminal to regasification terminals through tankers, ship, and trucks. The small scale LNG market has high growth prospects owing to the rise in demand for sustainable energy sources. For instance, according to the United States Department of Energy in 2017, the U.S. exported over 700 billion cubic feet of natural gas in the form of LNG in large LNG tanker ships. And as of March 2018, U.S. LNG has been delivered to 27 countries on five continents. Further, market players are focusing on the development of small- and mid-scale LNG terminals expected to drive the demand for small scale LNG over the forecasted period.
According to AMA, the Global Small Scale LNG market is expected to see growth rate of 6.8% Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Small Scale LNG market throughout the predicted period.
Linde AG (Germany), Wartsila (Finland), Honeywell International Inc. (United States), General Electric (United States), ENGIE (France), IHI Corporation (Japan), Gazprom (Russia), Novatek (Russia), Dresser-Rand (United States), PLUM ENERGY (United States), Excelerate Energy L.P. (United States) and Stabilis Solutions (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Okra Energy (United States), Skangass AS (Norway), Cryostar SAS (France) and Sofregaz (France).
Segmentation Overview
The study have segmented the market of Global Small Scale LNG market by Type (Liquefaction Terminal and Regasification Terminal), by Application (Heavy-Duty Vehicles, Marine Transport and Industrial & Power) and Region with country level break-up.
On the basis of geography, the market of Small Scale LNG has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Emphasizing On Development of Small- And Mid-Scale LNG Terminals. and Increasing Liquefaction and Regasification Terminals for Small Scale LNG.
Market Growth Drivers:
Increasing Governmental Initiatives to Develop Alternative Energy Supply. and Rise in Need for Clean and Sustainable Sources of Energy.
Challenges:
Limited Receiving Terminal Infrastructure for LNG in Emerging Countries.
Restraints:
Expensive Supply Chain of Small Scale LNG. and High Initial Investment Associated With For Small Scale LNG Terminals
Opportunities:
Increasing Demand for Small Scale LNG from Developing Economies. and Rise in Application of LNG as Fuel in Power Generation and Transportation.
2018, engaged in delivering environmentally-friendly energy resources received a contract of power generation for Peru’s first small-scale natural gas liquefaction (ssLNG) facility.
“U.S. Department of Energy (DOE) announced a final rule that will provide for faster approval of applications for small-scale exports of natural gas, including liquefied natural gas (LNG), from U.S. export facilities. The finalization of this rule will expedite the permitting of certain small-scale exports of natural gas. The so-called 'small-scale rule' will further unleash American energy by reducing the regulatory burden on American businesses while also providing significant benefits to our trading partners in the Caribbean, Central America, and South America. Under the Natural Gas Act, DOE has jurisdiction over imports and exports of natural gas. This deregulatory measure expedites the review and approval of applications to export small amounts of natural gas in the emerging small-scale LNG export market.”
Key Target Audience
Small-Scale LNG Producers, Traders, Distributors, and Suppliers of Small-Scale LNG, LNG Industry Associations, Natural Gas Suppliers, Potential Investors, Technological Distributors, Government Organization, Market Research Firms and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.