Global Small Scale LNG Market Opportunities & Forecast, 2021: TechSci Research Report

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Global Small Scale LNG Market: Drivers and Restraints

Transportation of LNG to remote areas is the most prominent driver for small scale LNG market. It also helps in marketing natural gas on a remote gas field with low gas reserves. Small Scale LNG plants require lower capex in comparison to large scale LNG plant resulting in higher IRR. However, continuation of global economic slowdown and geopolitical conditions for the longer period are the biggest risks for the growth of the SSLNG industry.

Global Small Scale LNG Market: Segmentation 

The small-scale industry is extremely fragmented with dispersed consumers. Global Small Scale LNG market is segmented on the basis of application, modes of supply, and region.

Based on the application, the Global Small Scale LNG market is segmented into the following:

• Industrial
• Transportation (Road, Marine, etc.)
• Utilities (Off Grid, Peak Saving)
• Marine
• Residential
• Commercial

Based on the mode of supply, the Global Small Scale LNG market is segmented into the following:

• Truck
• Rail Tanks
• Trans-shipment

Global Small Scale LNG Market: Overview 

Global Small Scale LNG market is anticipated to exhibit growth at a compound annual growth rate of over 8.23% over the next 5 years owing to rising environmental concerns and fall in natural gas price due to oversupply conditions. Oversupply of LNG and negative price outlook till 2025 will also help in more capacity addition and consumption at small scale level. Recent spurt in spot priced LNG volumes has contributed to fulfilling the demand of small scale consumers worldwide. Marine Emission Control will create additional demand to the growth of the SSLNG market as Shipping companies will start using LNG as bunker fuel.

Global Small Scale LNG Market: Region-wise Outlook 

China, India and Indonesia in Asia Pacific, Spain, Norway, France in Europe and the USA in North America are the major market for Small Scale LNG. China makes up more than 70% of total SSLNG capacity in 2015. In Europe, SSLNG installation is mainly concentrated in Spain, Norway, UK Netherlands, France, Sweden and Belgium.

Global Small Scale LNG (SSLNG) Market: Key Players 

Key players in the Small Scale LNG(SSLNG) Market include Shell, Total, Eni, Petrochina, CNOOC, GE Oil & Gas, Conco Phillips, Noble Energy, Evergas A/S, Petronas, Indian Oil Corporation Ltd, Inox India Ltd, Plum Energy others.

The report covers exhaustive analysis on: 

• Market Size
• Market Segmentation
• Country-Wise Current and Potential Consumers
• Major EPC Contractors and Equipment Suppliers
• Capex and Opex Estimates for SSLNG Plants
• Market Dynamics (Market Drivers & Challenges)
• Competition & Companies involved

"Global Small Scale LNG(SSLNG) Market Forecast & Opportunities, 2021" has analysed the existing and upcoming Small Scale LNG units across the globes and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with market intelligence and help them take investment decisions and tracking competition. Besides, the report also identifies the emerging trends along with essential drivers and key challenges faced by the industry.

Report Highlights: 

• Global Small Scale LNG(SSLNG) Market Size, Share & Forecast
• Segmental Analysis - By Application, By Mode of Supply, Region & Company
• Market Dynamics
• Region-Wise Capex and Opex for setting up a regasification unit
• Competitive Landscape & Strategic Recommendations

About TechSci Research 

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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