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Global Small-Scale LNG Market to reach USD 2897.70 million by the end of 2029.

Global Small-Scale LNG Market Size study & Forecast, by Type (Liquefaction, Regasification), Application (Heavy-Duty Vehicles, Industrial & Power, Marine Transport) and Regional Analysis, 2022-2029

Product Code: EPBF F-25911401
Publish Date: 24-04-2023
Page: 200

Global Small-Scale LNG Market is valued at approximately USD 2359.80 million in 2021 and is anticipated to grow with a healthy growth rate of more than 2.6% over the forecast period 2022-2029. Small Scale LNG (SSLNG) can be defined as a set of logistics activities used to handle small and medium quantities of liquefied natural gas . SSLNG logistics is primarily used to supply LNG and Bio-LNG in the heavy road, sea and rail transport sectors. Moreover, SSLNG infrastructure provides an adaptable and flexible framework to support transportation supply chains and power generation for a wide range of industrial users. By combining the high availability of LNG with reduced infrastructure, SSLNG results in greater economic and operational efficiency. The increasing demand for Small-Scale Liquefied Natural Gas (LNG) and the growing adoption of natural gas as a transportation fuel are key factors driving the market growth.

Over the years the adoption of LNG as fuel has increased in several industries and sectors which is contributing towards the growth of the Global Small-scale LNG Market. For instance – as per the U.S. Energy Information Administration – in 2019, the industrial natural gas consumption in the USA was estimated at 9.97 trillion cubic feet, and this further increased to 10.20 trillion cubic feet in 2021. In addition, the transportation sector has 1.07 trillion cubic feet of natural gas, whereas this amount increased to 1.18 trillion cubic feet in 2021. Also, favorable Government Policies and rising industrialization in developing regions would create a lucrative growth prospectus for the market over the projected period. However, the expensive supply chain associated with Small-Scale LNG stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Small-Scale LNG Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing usage of LNG for cooking and heating purposes and the presence of leading market players. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising demand for Liquified natural gas as a transportation fuel and growing industrialization in the region.

Major market player included in this report are:
PJSC Gazprom (Russia)
Engie SA (France)
Honeywell International Inc. (U.S.)
Wärtsilä (Finland)
Linde plc (Germany)
Gasum Ltd., (Norway)
IHI Corporation (Japan)
Excelerate Energy, Inc
Prometheus Fuels (U.S)
Cryostar (U.S.)

Recent Developments in the Market:
Ø In January 2021, Shell announced the launch of its first small-scale liquefied natural gas supply project in India. The company would make use of a truck-loading unit at its Hazira terminal in Gujarat to deliver to customers in the South Asia nation.

Global Small-Scale LNG Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
By Application
Heavy-Duty Vehicles
Industrial & Power
Marine Transport

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Small-Scale LNG Market, by Region, 2019-2029 (USD Million)
1.2.2. Small-Scale LNG Market, by Type, 2019-2029 (USD Million)
1.2.3. Small-Scale LNG Market, by Application, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Small-Scale LNG Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Small-Scale LNG Market Dynamics
3.1. Small-Scale LNG Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing demand for Small-Scale Liquefied Natural Gas (LNG) Growing adoption of natural gas as a transportation fuel
3.1.2. Market Challenges Expensive supply chain
3.1.3. Market Opportunities Favourable Government Policies Rising industrialization in developing regions
Chapter 4. Global Small-Scale LNG Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Small-Scale LNG Market, by Type
6.1. Market Snapshot
6.2. Global Small-Scale LNG Market by Type, Performance – Potential Analysis
6.3. Global Small-Scale LNG Market Estimates & Forecasts by Type 2019-2029 (USD Million)
6.4. Small-Scale LNG Market, Sub Segment Analysis
6.4.1. Liquefaction
6.4.2. Regasification
Chapter 7. Global Small-Scale LNG Market, by Application
7.1. Market Snapshot
7.2. Global Small-Scale LNG Market by Application, Performance – Potential Analysis
7.3. Global Small-Scale LNG Market Estimates & Forecasts by Application 2019-2029 (USD Million)
7.4. Small-Scale LNG Market, Sub Segment Analysis
7.4.1. Heavy-duty vehicles
7.4.2. Industrial & power
7.4.3. Marine transport
Chapter 8. Global Small-Scale LNG Market, Regional Analysis
8.1. Small-Scale LNG Market, Regional Market Snapshot
8.2. North America Small-Scale LNG Market
8.2.1. U.S. Small-Scale LNG Market Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Small-Scale LNG Market
8.3. Europe Small-Scale LNG Market Snapshot
8.3.1. U.K. Small-Scale LNG Market
8.3.2. Germany Small-Scale LNG Market
8.3.3. France Small-Scale LNG Market
8.3.4. Spain Small-Scale LNG Market
8.3.5. Italy Small-Scale LNG Market
8.3.6. Rest of Europe Small-Scale LNG Market
8.4. Asia-Pacific Small-Scale LNG Market Snapshot
8.4.1. China Small-Scale LNG Market
8.4.2. India Small-Scale LNG Market
8.4.3. Japan Small-Scale LNG Market
8.4.4. Australia Small-Scale LNG Market
8.4.5. South Korea Small-Scale LNG Market
8.4.6. Rest of Asia Pacific Small-Scale LNG Market
8.5. Latin America Small-Scale LNG Market Snapshot
8.5.1. Brazil Small-Scale LNG Market
8.5.2. Mexico Small-Scale LNG Market
8.5.3. Rest of Latin America Small-Scale LNG Market
8.6. Rest of The World Small-Scale LNG Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. PJSC Gazprom (Russia) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Engie (France)
9.2.3. Honeywell International Inc. (U.S.)
9.2.4. Wärtsilä (Finland)
9.2.5. Linde plc (Germany)
9.2.6. Gasum Ltd., (Norway)
9.2.7. IHI Corporation (Japan)
9.2.8. Excelerate Energy Inc (U.S)
9.2.9. Prometheus Fuels (U.S)
9.2.10. Cryostar (U.S.)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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