Small-scale LNG Market - Projected to Reach $299 Million Metric Tons Per Annum by 2021

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08 Dec, 2017, 19:30 GMT

DUBLIN, Dec. 8, 2017 /PRNewswire/ --

The "Small-Scale LNG Market by Type (Liquefaction Terminal, and Regasification Terminal), End-User (Heavy-Duty Vehicles, Electric Power Generation, Marine Transport), and Region - Global Forecast to 2021" report has been added to Research and Markets' offering.

In terms of volume, the small-scale LNG market is projected to reach 299.15 million metric tons per annum by 2021, at a CAGR of 2.7% from 2016 to 2021. Increasing demand for liquefied natural gas (LNG) from the remote locations for use in electric power generation plants and global commoditization of liquefied natural gas (LNG) are some of the major factors driving the demand for liquefied natural gas (LNG) from small-scale regasification terminals.

Moreover, the development of downstream infrastructure and logistics, remote regasification terminals, trucking stations, and liquefied natural gas (LNG) bunkering are some other factors fueling the growth of the small-scale LNG market. The liquefied natural gas (LNG) systems and supply infrastructures of liquefied natural gas are more expensive than those required for conventional fuels due to the utilization of complex technologies and equipment in them. This factor is expected to hamper the growth of the small-scale LNG market during the forecast period. Moreover, continuously changing regulatory environment for the small-scale liquefied natural gas (LNG) production also poses a challenge to the growth of the small-scale LNG market.

The electric power generation end user segment of the small-scale LNG market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. The growth of electric power generation end user segment of the small-scale LNG market can be attributed to need for maintaining local air quality, existence of proper liquefied natural gas (LNG) infrastructure, implementation of strategic energy reserve policies by various regulatory authorities, and availability of residual fuels. Power plants that supply power in emergency situations are not preferred for conversion to small-scale liquefied natural gas (LNG) plants due to high expenditure involved in the storing of small-scale liquefied natural gas (LNG) as compared to diesel.

Companies Mentioned

  • Cryostar SAS
  • Dresser-Rand
  • Engie
  • Excelerate Energy L.P.
  • Gazprom
  • General Electric
  • Honeywell International Inc.
  • The Linde Group
  • Plum Energy
  • Prometheus Energy
  • Skangas
  • Sofregaz
  • Wrtsil Corporation

Key Topics Covered:

1 Introduction

2 Research Methodology 

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Small-Scale Lng Market, By Type (Supply Side)

7 Small-Scale Lng Terminal Market, By Application (Demand Side)

8 Small-Scale Lng Market, By Region

9 Potential And Emerging Markets For Small-Scale LNG

10 Competitive Landscape

11 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/vvv88k/smallscale_lng


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