LOS ANGELES, PUNE, India and BEIJING, August 13, 2018 /PRNewswire/ --
According to the recently published report by QY Research, "Global Small-Scale LNG (SSLNG) Market Insights, Forecast- 2025," the global market for small-scale LNG (SSLNG) was valued US$ 35 Million in 2017 and is estimated to reach US$ 59.9 Million by the end of 2025, expanding at the CAGR of 7.0% over the period of assessment.
Liquefied Natural Gas (LNG) is a sustainable alternative fuel for ships and long-haulage trucks. It is also an attractive energy source for industries located in areas that are not connected to the natural gas grid. Transport and power generation are some of the applications of LNG that are known as small-scale LNG, while the conventional use of LNG include the supply of LNG on a large scale and re-gasified for injection into the natural gas grid. Some of the factors that are attributing the growth of global small-scale LNG (SSLNG) market during the forecasted period are growing usage of LNG by several applications such as electric power generation and heavy-duty vehicles, increasing technological development in the process of regasification and liquefaction and escalating demand of LNG from Asia Pacific regions.
Global Small-Scale LNG (SSLNG) Market: Key Enablers
QY Research has observed various enablers that are contributing to the growth of global small-scale LNG (SSLNG) market. Development and maturity of small-scale LNG technology, Availability of finances- Small-scale LNG projects need lower investment and therefore finances are available easily, Flexible policies and regulations and Availability of subsidies and others.
This report has presented the worldwide Small-Scale LNG (SSLNG) market size (value, production and consumption), breakdown data (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
Global small-Scale LNG Breakdown Data by Type
• Liquefaction Terminal
• Regasification Terminal
Global small-Scale LNG Breakdown Data by the end users/application
• Heavy-Duty Vehicles
• Marine Transport
• Industrial & Power Generation
• Utilities and others
Global small-Scale LNG Breakdown Data by Region
• North America: (Canada, Mexico and the United States,)
• Europe: (Turkey, Germany, UK, Russia France, and Italy)
• Asia-Pacific: (Vietnam, China, Japan, Malaysia, Korea, Philippines, India, Thailand, Australia and Indonesia)
• South America: (Brazil)
• The Middle East and Africa: (Egypt and GCC Countries)
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China has regulated its gas market prices by the National Development and Reform Commission (NDRC). A considerable share of gas produced for domestic purpose is imported from international markets has now shown remarkable growth in last few years. To bridge the gap between low prices for gas produced for domestic purpose and LNG, the reforms have been made and NDRC has been continuously fixing a ceiling price for LNG and gasoline.
In North America, most of the small-scale LNG demand is in industrial & power applications. This demand is fulfilled through peak shaving facilities. The peak shaving facilities are used to provide an adequate supply of LNG. Japan is one of the first countries to start LNG distribution via truck. The high construction cost of pipelines and the existing developed highway system have historically helped the LNG small-scale business to develop in Japan
"Small-Scale LNG (SSLNG) market Players are covered in Report: Linde Group, Chart Industries Inc., Air Products & Chemicals Inc., Wartsila, Siemens AG, Black & Veatch, Honeywell, General Electric (GE oil & Gas), ConocoPhillips, Plum Energy LLC, BP, Skangas AS, Sofregaz, Dresser-Rand, Prometheus Energy, Plum Energy, Excelerate Energy, Cryostar Sas, Royal Dutch Shell, Kunlun Energy Ltd, Total S.A.
China National Offshore Oil Corporation: Engie SA, Gazprom, Eni SpA, Pertamina, Statoil ASA"
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