Global Small Scale LNG Terminals Market Overview:
The small scale LNG terminals facilitate LNG storage units, vessels, transportation, etc. with lower magnitude than conventional LNG infrastructure since the LNG industry is driven by economies of scale. They are usually developed to serve a particular market and have production capacity of fewer than 500,000 tons per year, some small scale LNG terminal might provide export capacity of approximately 16 million tones per year. As the world is shifting towards using natural gas in various applications like marine transportation, heavy-duty vehicle, and power supply it's global demand is increasing.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing use of Small Scale LNG Terminals in the Asia Pacific Region and The Emergence of Mobile Small Scale LNG Terminals
Market Growth Drivers:
The growing need for LNG Terminals in places where the gas infrastructure is underdeveloped, and demand for gas-fired power generation and natural gas for other industrial applications is essential like in heavy-duty vehicles for causing less harm to the environment. They are also demanded in the existing gas reserves and pipelines for improving fuel supply security.
Challenges:
Human Safety Related Issues with Small Scale LNG Terminals and Adherence to Regulatory Guidelines on Small Scale LNG Terminals
Restraints:
The Risk of Adverse Environmental Consequences Associated with Small Scale LNG Terminals
Opportunities:
Surging Demand for Small Scale LNG Terminals from Under Developed Areas and Growing Production of LNG Plants and other Technological Advancements in it will Boost the Market
Competitive Landscape:
Some of the key players profiled in the report are The Linde Group (Ireland), Honeywell International Inc. (United States), Baker Hughes (GE Co. LLC) (United States), Wartsila Corporation (Finland), ENGIE (France), Dresser-Rand Group (Siemens) (United States), PJSC Gazprom (Russia), Gasum Oy (Skangas) (Finland), Sofregaz Company (France), Edison Spa (Italy) and Plum Energy LLC (United States). Considering Market by LNG Tanks, the sub-segment i.e. Single Containment Tank will boost the Small Scale LNG Terminals market. Considering Market by Technology, the sub-segment i.e. Liquefaction will boost the Small Scale LNG Terminals market. Considering Market by LNG Transportation, the sub-segment i.e. Carriers will boost the Small Scale LNG Terminals market.
"In Japan, the regulatory agency involved in LNG terminal siting and operation is the Ministry of Economy, Trade, and Industry ( METI ) which enforces the Gas Utility Industry Law, the Electricity Utility Industry Law, and the High-Pressure Gas Regulation Law. LNG terminal siting and operation must comply with one of these laws. For example, under the Gas Utility Industry Law, gas utility companies shall maintain a gas facility in accordance with an adopted technical standard; define, submit and observe their companies’ own security regulations, in order to ensure the safety of construction, maintenance, and operation of gas facilities; Assign a gas-licensed engineer to ensure the safety of construction, maintenance and operation of a gas facility."
What Can be Explored with the Small Scale LNG Terminals Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Small Scale LNG Terminals Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Small Scale LNG Terminals
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Small Scale LNG Terminals market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Small Scale LNG Terminals market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Small Scale LNG Terminals Manufacturers, LNG Providers, Research and Development institutes, Industry Associations, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.