Jul 21, 2021   SOURCE: BusinessWire

$6.85 Billion Small-scale LNG Markets - Global Growth, Trends, COVID-19 Impact, and Forecasts 2021-2026 - ResearchAndMarkets.com

The "Small-scale LNG Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The small-scale LNG market was estimated to be USD 6.85 billion in 2019 and is expected to grow at a CAGR of 12.63% during the forecast period of 2021-2026.

The COVID-19 pandemic has severely impacted the market due to disruption in supply chain, reduction in energy consumption and discouraging investments in newer technologies. However, with increasing pressure on large-scale LNG plants to showcase returns to investors, the operating companies are increasingly backing small-scale LNG initiatives.

The small-scale LNG plant with a capacity of less than 1 MTPA can be constructed within three years, compared to large-scale LNG plants, which can take up to 10 years. Moreover, factor, such increasing demand for LNG in bunkering, road transportation, and off-grid power are expected to drive the small-scale LNG market in the coming years.

However, factors such as high operation cost of small-scale LNG and lack of supporting infrastructure in the regions such as the Middle-East and Africa and high CAPEX requirement, along with a long payback period of more than 12 years, are expected to hinder the growth of the market studied.

Transportation application is expected to dominate the small-scale LNG market, owing to the increasing demand for LNG as a fuel source for ships and heavy-duty trucks.

Owing to the high capital expenditure required for a small-scale LNG infrastructure, development of cost-efficient small-scale LNG infrastructure are expected to provide significant opportunities to the small-scale LNG technology providers and transporters in the future.

Europe dominated the market across the world, with the majority of the demand coming from countries, such as Norway, Spain, and the United Kingdom.

The small-scale LNG market is moderately fragmented. Some of the major players include the Linde Group, Wartsila Oyj Abp, Royal Dutch Shell PLC, Engie SA, and PJSC Gazprom.

Key Topics Covered:

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2026

4.3 Recent Trends and Developments

4.4 Government Policies and Regulations

4.5 Market Dynamics

4.5.1 Drivers

4.5.2 Restraints

4.6 Supply Chain Analysis

4.7 Industry Attractiveness - Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Liquefaction Terminal

5.1.2 Regasification Terminal

5.2 Mode of Supply

5.2.1 Truck

5.2.2 Transshipment and Bunkering

5.2.3 Pipeline and Rail

5.3 Application

5.3.1 Transportation

5.3.2 Industrial Feedstock

5.3.3 Power Generation

5.3.4 Other Applications

5.4 Geography (Market Size for Regions Only)

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

6.3.1 Small-scale LNG Technology Providers

6.3.1.1 The Linde Group

6.3.1.2 Wartsila Oyj Abp

6.3.1.3 Baker Hughes Company

6.3.1.4 Honeywell International Inc.

6.3.1.5 Chart Industries Inc.

6.3.1.6 Black & Veatch Corp

6.3.2 Small-scale LNG Marine Transporter

6.3.2.1 Anthony Veder Group NV

6.3.2.2 Engie SA

6.3.2.3 Evergas A/S

6.3.3 Small-scale LNG Operators

6.3.3.1 Royal Dutch Shell PLC

6.3.3.2 Eni SpA

6.3.3.3 PJSC Gazprom

6.3.3.4 TotalEnergies SE

6.3.3.5 Gasum Oy

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/swizcr