According to IMARC Group’s latest report, titled “Small Scale LNG Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,”. Looking forward, IMARC Group expects the global small-scale LNG market to continue its moderate growth during the next five years.

Small-scale liquefied natural gas (LNG) refers to the low capacity industrial plants for processing LNG. The gas is cooled at very low temperatures and is transformed into an odorless and colorless liquid to be re-gasified for various applications. Unlike oil and diesel, small-scale LNG is environment-friendly and is extensively used for off-grid power generation requirements in remote industrial and residential complexes. Additionally, LNG from these small-scale plants is also used as transportation fuel, industrial feedstock, and for other purposes in industrial, commercial, and residential sectors.

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Market Trends

Rapid industrialization and elevating demand for energy- and cost-efficient energy sources are driving the need for small-scale LNG. Moreover, the growing requirement for power generation from underdeveloped and remote areas across the globe is further fostering the market growth. Additionally, the increasing LNG utilization as ship fuel over heavy fuel oil, marine gas oil, and diesel oil is also inducing the product demand. The growing traction for greener and cleaner fuel sources and increasing government expenditures to promote LNG adoption is further projected to drive the small-scale LNG market.

Small Scale LNG Market 2020-2025 Analysis and Segmentation:

Some of these key players include:

  • Dresser-Rand Group Inc. (Siemens)
  • Engie SA
  • Excelerate Energy. L. P.
  • PJSC Gazprom
  • General Electric
  • Honeywell International Inc.
  • IHI Corporation
  • Linde Aktiengesellschaft
  • Novatek
  • Plum Energy LLC
  • Royal Dutch Shell PLC
  • Sofregaz
  • Wärtsilä Oyj Abp

The report has segmented the market on the basis of terminal type, mode of supply, storage tank type, application and region.

Breakup by Terminal Type:

  • Liquefaction Terminal
  • Regasification Terminal

Breakup by Mode of Supply:

  • Truck
  • Trans-Shipment and Bunkering
  • Pipeline and Rail
  • Others

Breakup by Storage Tank Type:

  • Pressurized
  • Atmospheric Tank
  • Floating Storage Unit (FSU)

Breakup by Application:

  • Electrical Power Generation
  • Industrial Feedstock
  • Transportation
  • Others

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Explore full report with table of contents: https://bit.ly/2TMGObU

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By Anderson Elena

Elena is an Analyst in the top leading market research company in USA (IMARC Group). She has total 8 years of work experience.