Product Code: CH 5185
The small-scale LNG market is expected to reach USD 31.78 billion by 2030 from USD 22.14 billion in 2025, at a CAGR of 7.5% during the forecast period.
Scope of the Report |
Years Considered for the Study | 2022-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million/USD Billion), Volume (million metric tons per annum) (MMTPA) |
Segments | Type, Modes of Supply, Application, and Region |
Regions covered | APAC, North America, Europe, Middle East & Africa and South America |
"Regasification to be the second largest type"
Regasification in small-scale LNG is growing because more places need natural gas but do not have large pipelines or terminals. Regasification is turning LNG (liquid) back into gas so that it can be used for cooking, heating, power, or as fuel. Small-scale regasification units are useful in remote towns, islands, or small factories where building large infrastructure is too costly. These units are easy to install, take up less space, and cost less. LNG can be brought in small tanks by trucks or ships, and then regasified on-site for local use. This helps in areas without gas supply and still get clean energy. As an increasing number of vehicles and industries use LNG, the demand for local regasification is growing. In short, small-scale regasification is growing because it helps supply gas to more places at a simple, fast, and low cost.
"Trucks is estimated to be the second-fastest-growing market in the modes of supply segment."
Small-scale LNG supply through trucks is the second-largest market, and it is growing because it is an easy and flexible way to deliver LNG to places where pipelines are not available. Many small towns, factories, and fuel stations are far from gas networks. Using trucks to carry LNG in special tanks allows gas to reach these places quickly and safely. LNG trucks can reach remote areas, hills, or islands (by ferry) where it is difficult to build large infrastructure. This is cheaper and faster than laying long pipelines. It also helps industries and vehicles switch to cleaner fuel without waiting for gas connections. Trucks can also refill small LNG storage tanks or supply fuel for LNG-powered trucks and buses. In simple words, LNG supply by truck is growing because it gives more people and businesses access to clean energy wherever they are, without needing large projects or long waiting times.
"Industrial and power is projected to be the second-fastest growing market"
Because many small factories and power plants require clean, dependable fuel but do not have access to large gas pipelines, the use of LNG on a small scale in the industrial and power sectors is expanding. And because it burns cleaner than coal or diesel and provides consistent energy for heating, electricity, and machinery, LNG is a good choice. Small-scale LNG is suitable for use in small towns or remote industries. It can be stored on-site or transported by truck or ship in small tanks. Businesses can now easily use gas without having to construct large infrastructure. Small-scale LNG is also used by power plants to generate electricity in areas where the main grid is unreliable or insufficient.
"Asia Pacific to be the fastest-growing market during the forecast period"
The use of small-scale LNG (liquefied natural gas) in the Asia Pacific region is rapidly increasing, as many countries are seeking clean, affordable, and reliable energy sources. Building large pipelines or power plants can be challenging in islands, remote areas, and small cities, which is where small-scale LNG proves to be invaluable. Countries such as China, India, Indonesia, the Philippines, and Thailand are increasingly adopting small-scale LNG for various applications. It is used to generate electricity in villages, fuel trucks, and ships, and supply gas to factories in areas without pipeline infrastructure.
By Company Type: Tier 1: 25%, Tier 2: 42%, and Tier 3: 33%
By Designation: C-level Executives: 20%, Directors: 30%, and Other Designations: 50%
By Region: North America: 20%, Europe: 10%, Asia Pacific: 40%, South America: 10%, and Middle East & Africa 20%
Note: Other designations include sales, marketing, and product managers.
Tier 1: >USD 1 Billion; Tier 2: USD 500 million-1 Billion; and Tier 3: <USD 500 million
Companies Covered: Linde plc (US), Wartsila Corporation (Finland), Honeywell International Inc. (US), Shell plc (UK), TotalEnergies (France), ENGIE S.A (France), Chart Industries, Inc. (US), Gasum oy (Finland), Sofregaz (France), and Excelerate Energy Inc (US), among others, are covered in the report.
The study includes an in-depth competitive analysis of these key players in the small-scale LNG market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This research report categorizes the small-scale LNG market based on type (Liquefaction and Regasification), modes of supply (Trucks, Trans-shipment & Bunkering, and Other Modes of Supply), application (Heavy-Duty Vehicles, Industrial & Power, Marine Transport, and Other Applications) and region (Asia Pacific, North America, Europe, South America, and Middle East & Africa). The report's scope covers detailed information regarding the drivers, restraints, challenges, and opportunities influencing the growth of the small-scale LNG market. A detailed analysis of the key industry players has been done to provide insights into their business overview, products offered, and key strategies, such as partnerships, agreements, product launches, expansions, and acquisitions, associated with the small-scale LNG market. This report covers a competitive analysis of upcoming startups in the small-scale LNG market ecosystem.
Reasons to Buy the Report
The report will offer the market leaders/new entrants information on the closest approximations of the revenue numbers for the overall small-scale LNG market and the subsegments. This report will help stakeholders understand the competitive landscape, gain more insights into positioning their businesses better, and plan suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights into the following points:
- Analysis of key drivers (environmental benefits and stringent regulations, fiscal regime and government subsidies, advantages of small-scale plants over large-scale plants and rising demand for LNG in bunkering, road transportation, and off-grid power ), restraints (limited LNG receiving terminal infrastructure in Asia Pacific compared to other regions, depletion of natural resources and volatility in prices of raw materials), opportunities (Integration of new technology), and challenges (Supply chain disruptions, limited supply, and high retrofitting costs).
- Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product & service launches in the small-scale LNG market.
- Market Development: Comprehensive information about profitable markets - the report analyzes the small-scale LNG market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the small-scale LNG market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Linde plc (US), Wartsila Corporation (Finland), Honeywell International Inc. (US), Shell plc (UK), TotalEnergies (France), ENGIE S.A (France), Chart Industries, Inc. (US), Gasum oy (Finland), Sofregaz (France), and Excelerate Energy Inc (US).
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 INCLUSIONS AND EXCLUSIONS OF STUDY
- 1.3.2 YEARS CONSIDERED
- 1.3.3 CURRENCY CONSIDERED
- 1.3.4 UNITS CONSIDERED
- 1.4 STAKEHOLDERS
- 1.5 LIMITATIONS
- 1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key data from primary sources
- 2.1.2.2 Breakdown of primary interviews
- 2.2 BASE NUMBER CALCULATION
- 2.2.1 SUPPLY-SIDE - APPROACH 1
- 2.2.2 SUPPLY-SIDE - APPROACH 2
- 2.3 MARKET SIZE ESTIMATION
- 2.3.1 BOTTOM-UP APPROACH
- 2.3.2 TOP-DOWN APPROACH
- 2.4 DATA TRIANGULATION
- 2.5 RESEARCH ASSUMPTIONS
- 2.6 RISK ASSESSMENT
- 2.7 LIMITATIONS
- 2.8 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SMALL-SCALE LNG MARKET
- 4.2 SMALL-SCALE LNG MARKET, BY TYPE
- 4.3 SMALL-SCALE LNG MARKET, BY MODE OF SUPPLY
- 4.4 SMALL-SCALE LNG MARKET, BY APPLICATION
- 4.5 ASIA PACIFIC: SMALL-SCALE LNG MARKET, BY APPLICATION & COUNTRY
- 4.6 SMALL-SCALE LNG MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Advantages of small-scale plants
- 5.2.1.2 Environmental benefits and stringent regulations
- 5.2.1.3 Fiscal regime and government subsidies
- 5.2.1.4 Rising demand for LNG in bunkering, road transportation, and off-grid power
- 5.2.2 RESTRAINTS
- 5.2.2.1 Limited infrastructure for LNG in Asia Pacific compared to other regions
- 5.2.2.2 Depletion of natural resources and volatility in raw material prices
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Integration of new technologies
- 5.2.3.2 Increasing adoption of LNG in heavy-duty trucks
- 5.2.4 CHALLENGES
- 5.2.4.1 Supply chain disruptions, limited supply, and high retrofitting costs
- 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 5.4 PRICING ANALYSIS
- 5.4.1 COST ANALYSIS ON SMALL-SCALE LNG PROJECTS
- 5.4.2 COST ANALYSIS ON SMALL-SCALE LNG PROJECTS IN INDIA
- 5.5 VALUE CHAIN ANALYSIS
- 5.6 ECOSYSTEM ANALYSIS
- 5.7 TECHNOLOGY ANALYSIS
- 5.7.1 KEY TECHNOLOGIES
- 5.7.1.1 Single mixed refrigerant
- 5.7.1.2 Nitrogen expander cycle
- 5.7.2 COMPLEMENTARY TECHNOLOGIES
- 5.7.2.1 Membrane containment systems
- 5.7.2.2 Prefabricated modular plants
- 5.7.3 ADJACENT TECHNOLOGIES
- 5.7.3.1 CNG systems
- 5.7.3.2 Gas-to-liquid technology
- 5.8 IMPACT OF GEN AI ON SMALL-SCALE LNG MARKET
- 5.9 PATENT ANALYSIS
- 5.9.1 INTRODUCTION
- 5.9.2 APPROACH
- 5.10 TRADE ANALYSIS
- 5.10.1 EXPORT SCENARIO (HS CODE 271111)
- 5.10.2 IMPORT SCENARIO (HS CODE 271111)
- 5.11 KEY CONFERENCES AND EVENTS
- 5.12 REGULATORY LANDSCAPE
- 5.12.1 REGULATORY LANDSCAPE
- 5.12.1.1 Regulatory bodies, government agencies, and other organizations
- 5.12.2 REGULATORY FRAMEWORK
- 5.12.2.1 NFPA 59A
- 5.12.2.2 ISO 20519
- 5.12.2.3 IMO IGF Code
- 5.13 PORTER'S FIVE FORCES ANALYSIS
- 5.13.1 BARGAINING POWER OF SUPPLIERS
- 5.13.2 THREAT OF NEW ENTRANTS
- 5.13.3 THREAT OF SUBSTITUTES
- 5.13.4 BARGAINING POWER OF BUYERS
- 5.13.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.14.2 BUYING CRITERIA
- 5.15 CASE STUDY ANALYSIS
- 5.15.1 CHART INDUSTRIES: C50N LNG LIQUEFIER
- 5.15.2 WARTSILA: DRAGON LNG TERMINAL - BOIL-OFF GAS RELIQUEFACTION FOR LNG TERMINALS
- 5.16 MACROECONOMIC ANALYSIS
- 5.16.1 INTRODUCTION
- 5.16.2 GDP TRENDS AND FORECASTS
- 5.17 INVESTMENT AND FUNDING SCENARIO
- 5.18 IMPACT OF 2025 US TARIFF ON SMALL-SCALE LNG MARKET
- 5.18.1 INTRODUCTION
- 5.18.2 KEY TARIFF RATES
- 5.18.3 PRICE IMPACT ANALYSIS
- 5.18.4 IMPACT ON COUNTRY/REGION
- 5.18.4.1 US
- 5.18.4.2 Europe
- 5.18.4.3 Asia Pacific
- 5.18.5 IMPACT ON END-USE INDUSTRIES
6 SMALL-SCALE LNG MARKET, BY TYPE
- 6.1 INTRODUCTION
- 6.2 LIQUEFACTION
- 6.2.1 HIGH DEMAND FOR LOCAL PRODUCTION OF LNG TO DRIVE MARKET
- 6.3 REGASIFICATION
- 6.3.1 GROWING DEMAND FOR LNG IN ASIA PACIFIC TO DRIVE MARKET
7 SMALL-SCALE LNG MARKET, BY MODE OF SUPPLY
- 7.1 INTRODUCTION
- 7.2 TRUCKS
- 7.2.1 ABILITY TO TRANSPORT LNG TO OFF-GRID AREAS TO DRIVE MARKET
- 7.3 TRANS-SHIPMENT & BUNKERING
- 7.3.1 GOVERNMENT INITIATIVES TO SUPPORT MARKET GROWTH
- 7.4 OTHER MODES OF SUPPLY
8 SMALL-SCALE LNG MARKET, BY APPLICATION
- 8.1 INTRODUCTION
- 8.2 HEAVY-DUTY VEHICLES
- 8.2.1 COST-SAVING BENEFITS OF LNG IN HEAVY-DUTY TRUCKS TO DRIVE MARKET
- 8.3 MARINE TRANSPORT
- 8.3.1 ENVIRONMENTAL REGULATIONS FOR EMISSION CONTROL TO SUPPORT MARKET GROWTH
- 8.4 INDUSTRIAL & POWER
- 8.4.1 INCREASING DEMAND FOR NATURAL GAS IN ELECTRICITY GENERATION TO DRIVE MARKET
- 8.5 OTHER APPLICATIONS
9 SMALL-SCALE LNG MARKET, BY REGION
- 9.1 INTRODUCTION
- 9.2 ASIA PACIFIC
- 9.2.1 CHINA
- 9.2.1.1 Growth in transport industry to drive market
- 9.2.2 JAPAN
- 9.2.2.1 Demand for regasification and increasing import of small-scale LNG to drive market
- 9.2.3 INDIA
- 9.2.3.1 Growing imports of LNG and investment in power sector to drive market
- 9.2.4 SOUTH KOREA
- 9.2.4.1 Government initiatives to shift away from coal and nuclear power energy sources to drive market
- 9.2.5 AUSTRALIA
- 9.2.5.1 Growth in LNG production and infrastructure development to drive market
- 9.2.6 TAIWAN
- 9.2.6.1 Construction of receiving LNG terminals to drive growth
- 9.2.7 SINGAPORE
- 9.2.7.1 Increasing demand from end-use applications to drive market
- 9.2.8 INDONESIA
- 9.2.8.1 Expanding small-scale LNG infrastructure to drive market
- 9.2.9 REST OF ASIA PACIFIC
- 9.3 NORTH AMERICA
- 9.3.1 US
- 9.3.1.1 Rising natural gas exports and use of natural gas in industrial and electric power to drive demand
- 9.3.2 CANADA
- 9.3.2.1 Increasing investments in LNG projects and exports to drive demand
- 9.3.3 MEXICO
- 9.3.3.1 Increasing use of natural gas for electric power and LNG exports to drive demand
- 9.4 EUROPE
- 9.4.1 GERMANY
- 9.4.1.1 Increasing demand for alternative fuels in transportation sector to drive market
- 9.4.2 FRANCE
- 9.4.2.1 Integrating renewable energy sources into energy mix to significantly drive market
- 9.4.3 ITALY
- 9.4.3.1 Growing investments in LNG infrastructure to drive market
- 9.4.4 UK
- 9.4.4.1 Expansion of import terminals and distribution network to drive market
- 9.4.5 RUSSIA
- 9.4.5.1 Large production of natural gas to drive market
- 9.4.6 SPAIN
- 9.4.6.1 Government initiatives for sustainable transportation to drive market
- 9.4.7 PORTUGAL
- 9.4.7.1 Government initiatives to diversify energy mix to offer growth opportunities for market players
- 9.4.8 NETHERLANDS
- 9.4.8.1 Strategic location and well-established maritime connections to drive market
- 9.4.9 TURKEY
- 9.4.9.1 Government initiatives to diversify energy sources and reduce dependence on imported oil to drive market
- 9.4.10 REST OF EUROPE
- 9.5 SOUTH AMERICA
- 9.5.1 BRAZIL
- 9.5.1.1 Improved economy to drive market
- 9.5.2 ARGENTINA
- 9.5.2.1 Increased investment in LNG terminal infrastructure to drive market
- 9.5.3 CHILE
- 9.5.3.1 Increased application in heavy-duty vehicles to drive market
- 9.5.4 REST OF SOUTH AMERICA
- 9.6 MIDDLE EAST & AFRICA
- 9.6.1 GCC COUNTRIES
- 9.6.1.1 QATAR
- 9.6.1.1.1 Exports of natural gas to propel market
- 9.6.1.2 UAE
- 9.6.1.2.1 Strategic location as major logistics and trade hub to propel market
- 9.6.1.3 Rest of GCC countries
- 9.6.2 SOUTH AFRICA
- 9.6.2.1 Substantial natural gas resources to drive market
- 9.6.3 REST OF MIDDLE EAST & AFRICA
10 COMPETITIVE LANDSCAPE
- 10.1 OVERVIEW
- 10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
- 10.3 REVENUE ANALYSIS
- 10.4 MARKET SHARE ANALYSIS
- 10.5 COMPANY VALUATION AND FINANCIAL METRICS
- 10.5.1 COMPANY VALUATION
- 10.5.2 FINANCIAL METRICS
- 10.6 BRAND/PRODUCT COMPARISON
- 10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
- 10.7.1 STARS
- 10.7.2 EMERGING LEADERS
- 10.7.3 PERVASIVE PLAYERS
- 10.7.4 PARTICIPANTS
- 10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
- 10.7.5.1 Company footprint
- 10.7.5.2 Region footprint
- 10.7.5.3 Type footprint
- 10.7.5.4 Application footprint
- 10.7.5.5 Mode of supply footprint
- 10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
- 10.8.1 PROGRESSIVE COMPANIES
- 10.8.2 RESPONSIVE COMPANIES
- 10.8.3 DYNAMIC COMPANIES
- 10.8.4 STARTING BLOCKS
- 10.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
- 10.8.5.1 Detailed list of key startups/SMEs
- 10.8.5.2 Competitive benchmarking of key startups/SMEs
- 10.9 COMPETITIVE SCENARIO
- 10.9.1 PRODUCT/SERVICE LAUNCHES
- 10.9.2 DEALS
- 10.9.3 EXPANSIONS
- 10.9.4 OTHER DEVELOPMENTS
11 COMPANY PROFILES
- 11.1 KEY PLAYERS
- 11.1.1 LINDE PLC
- 11.1.1.1 Business overview
- 11.1.1.2 Products/Solutions/Services offered
- 11.1.1.3 MnM view
- 11.1.1.3.1 Key strengths
- 11.1.1.3.2 Strategic choices
- 11.1.1.3.3 Weaknesses and competitive threats
- 11.1.2 WARTSILA CORPORATION
- 11.1.2.1 Business overview
- 11.1.2.2 Products/Solutions/Services offered
- 11.1.2.3 Recent developments
- 11.1.2.4 MnM view
- 11.1.2.4.1 Key strengths
- 11.1.2.4.2 Strategic choices
- 11.1.2.4.3 Weaknesses and competitive threats
- 11.1.3 HONEYWELL INTERNATIONAL INC.
- 11.1.3.1 Business overview
- 11.1.3.2 Products/Solutions/Services offered
- 11.1.3.3 Recent developments
- 11.1.3.4 MnM view
- 11.1.3.4.1 Key strengths
- 11.1.3.4.2 Strategic choices
- 11.1.3.4.3 Weaknesses and competitive threats
- 11.1.4 ENGIE SA
- 11.1.4.1 Business overview
- 11.1.4.2 Products/Solutions/Services offered
- 11.1.4.3 Recent developments
- 11.1.4.3.1 Product/service launches
- 11.1.4.3.2 Deals
- 11.1.4.3.3 Expansions
- 11.1.4.4 MnM view
- 11.1.4.4.1 Key strengths
- 11.1.4.4.2 Strategic choices
- 11.1.4.4.3 Weaknesses and competitive threats
- 11.1.5 SHELL PLC
- 11.1.5.1 Business overview
- 11.1.5.2 Products/Solutions/Services offered
- 11.1.5.3 Recent developments
- 11.1.5.3.1 Deals
- 11.1.5.3.2 Expansions
- 11.1.5.3.3 Other developments
- 11.1.5.4 MnM view
- 11.1.5.4.1 Key strengths
- 11.1.5.4.2 Strategic choices
- 11.1.5.4.3 Weaknesses and competitive threats
- 11.1.6 GASUM OY
- 11.1.6.1 Business overview
- 11.1.6.2 Products/Solutions/Services offered
- 11.1.6.3 Recent developments
- 11.1.6.3.1 Deals
- 11.1.6.3.2 Expansions
- 11.1.6.3.3 Other developments
- 11.1.6.4 MnM view
- 11.1.7 CHART INDUSTRIES, INC.
- 11.1.7.1 Business overview
- 11.1.7.2 Products/Solutions/Services offered
- 11.1.7.3 Recent developments
- 11.1.7.3.1 Deals
- 11.1.7.3.2 Expansions
- 11.1.7.4 MnM view
- 11.1.8 TOTALENERGIES
- 11.1.8.1 Business overview
- 11.1.8.2 Products/Solutions/Services offered
- 11.1.8.3 Recent developments
- 11.1.8.3.1 Deals
- 11.1.8.3.2 Other developments
- 11.1.8.4 MnM view
- 11.1.9 EXCELERATE ENERGY, INC.
- 11.1.9.1 Business overview
- 11.1.9.2 Products/Solutions/Services offered
- 11.1.9.3 Recent developments
- 11.1.9.4 MnM view
- 11.1.10 SOFREGAZ
- 11.1.10.1 Business overview
- 11.1.10.2 Products/Solutions/Services offered
- 11.1.10.3 MnM view
- 11.2 OTHER PLAYERS
- 11.2.1 PLUM GAS SOLUTIONS
- 11.2.2 STABILIS ENERGY
- 11.2.3 NIKKISO CLEAN ENERGY & INDUSTRIAL GASES GROUP
- 11.2.4 SNAM S.P.A.
- 11.2.5 BAKER HUGHES COMPANY
- 11.2.6 GASNOR
- 11.2.7 PETRONET LNG LIMITED
- 11.2.8 HANGZHOU FORTUNE GAS CRYOGENIC GROUP CO., LTD.
- 11.2.9 BLACK & VEATCH
- 11.2.10 PGNIG SA
- 11.2.11 SCALE GAS SOLUTIONS
- 11.2.12 PILOT LNG LLC
- 11.2.13 ANTHONY VEDER
- 11.2.14 MCDERMOTT
- 11.2.15 MAKEEN ENERGY A/S
12 ADJACENT & RELATED MARKET
- 12.1 INTRODUCTION
- 12.1.1 LNG STORAGE TANKS MARKET
- 12.1.1.1 Market definition
- 12.1.1.2 By type
- 12.1.1.3 By material
- 12.1.1.4 By end-use industry
- 12.1.1.5 By region
13 APPENDIX
- 13.1 DISCUSSION GUIDE
- 13.2 CUSTOMIZATION OPTIONS
- 13.3 RELATED REPORTS
- 13.4 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.5 AUTHOR DETAILS