Small-Scale LNG Market size, share, development, industry growth and demand forecast to 2023

The Global report on “Small-Scale LNG Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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“In terms of volume, the small-scale LNG market is projected to grow at a CAGR of 6.7% during the forecast period, 2017 to 2022.”

In terms of both liquefaction and regasification capacity combined, the small-scale LNG capacity is projected to reach 48.3milliontons per annum by 2022, at a CAGR of 6.7% from 2017 to 2022, in terms of volume. 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. Truck loading facility at the receiving terminal is a crucial part of small-scale LNG infrastructure as it plays a major role in delivering LNG to remote communities. Therefore, lack of truck loading facility at the receiving terminal in Asia-Pacific can be one of the major restraints in the small-scale LNG market.

Moreover, relatively expensive supply chain associated with small-scale LNG business due to the low economies of scale also poses a challenge to the growth of the small-scale LNG market.

“The heavy-duty vehicles segment of the small-scale LNG market is projected to grow at the highest CAGR during the forecast period.”

The heavy-duty vehicles segment of the small-scale LNG market is projected to grow at the highest CAGR during the forecast period, 2017 to 2022. LNG is the most viable option for long-haul LNG-fueled trucks, globally. In the LNG-fueled heavy duty vehicles, the density of LNG can vary considerably over a range of saturation pressures and storage temperatures. The LNG vehicle fuel system delivers the natural gas to the engine at a required supply pressure, while maximizing the fuel density at the vehicle tanks and the fuelling stations. In 2013, NGVA Europe initiated the LNG Blue corridor project to promote the use of LNG in heavy duty vehicles by commercial fleet operators. In Europe, 43 fleet operators have opted to use LNG as fuel for their heavy duty trucks and buses. Meyer Logistics, a German fleet operator, runs a fleet of more than 20 LNG trucks.

“The North America small-scale LNG market is projected to grow at the highest CAGR during the forecast period.”

In terms of volume, the North America small-scale LNG market is projected to grow at the highest CAGR during the forecast period. In North America, most of the small-scale LNG demand in industrial & power applications is met through peak shaving facilities. The peak shaving facilities are used to meet adequate supply of LNG to address the peak demand. In 2015, there were more than 100 peak shaving facilities in the U.S., among which one-half of the peak shaving facilities were located in the Northeast, while a quarter of them were located in the Midwest. Currently, the U.S. has among the highest number of peak shaving plants. However, less than 10% of them are available for any other use due to the current electricity demand. The commissioning of small-scale liquefaction plants can expand the peak shaving capacities in the region.

Extensive primary interviews were conducted in the process of determining and verifying the sizes of various segments and sub segments of the small-scale LNG market obtained through secondary research. The breakdown of primaries is given as follows:

  • By Company: Tier 1 – 72%, Tier 2 – 25%, and Tier 3 – 3%
  • By Designation: Clevel -24% and Manager Level – 76%
  • By Region: North America – 10%, Europe – 20%, Asia-Pacific – 45%, and Rest of the World – 25%

The key players profiled in the report include The Linde Group (Germany), Wärtsilä (Finland), Honeywell International Inc. (U.S.), General Electric (U.S.), and Engie (France), among others.

Study Coverage

This report covers the small-scale LNG market, in terms of volume and forecasts the market size till 2022. The report includes the market segmentation on the basis of type, application, and region. It also provides detailed information about the key market players and competitive strategies adopted by them to strengthen their position in the small-scale LNG market.

Key Benefits of Buying this Report:

This research report is focused on various levels of analysis—industry trends, market share analysis of the key players, supply chain analysis, and company profiles. These insights together comprise and discuss the overall view on the competitive landscape, emerging and high-growth segments of the small-scale LNG market, high-growth regions, and drivers, restraints, opportunities, and challenges impacting the growth of the small-scale LNG market.

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