Small-Scale LNG Market is forecasted to grow at 6.81% for 2019 to 2026 to an estimated value of USD 49.66 billion by 2026 with factors such as limited terminal infrastructure and costly supply chain hampering the market growth.
Small-scale LNG market has shown a significant adoption rate and preferences from the Asia- Pacific region. Increasing demand for power generation and less oil price are some of the factors which will enhance the market demand in the region.
According to Data Bridge Market Research the small-scale LNG market in developing regions is witnessing a growth in terms of its adoption rate, due to growing demand for LNG in marine, rising awareness about the environment benefits of small- scale LNG, and energy cost advantages of LNG as compared to the alternative energy sources.
Now the question is which are the regions that small-scale LNG market players should target? Data Bridge Market Research has forecasted market leaders to target North American developing regions to help them in attaining better volume of revenue generation.
Small-scale LNG market is becoming more competitive every year with liquefaction terminal currently being the largest market type for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the small-scale LNG market.
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In May 2019, Pivotal LNG and NorthStar Midstream announced the operation of their JAX LNG facility. This plant is small- scale LNG facility which is specially designed for truck loading and marine and is suitable for other industries such as power generation, rail, commercial, drilling and others. This new plant has the ability to produce 120,000 gallons of LNG in a day and can store around 2 million gallons of LNG.
Small-scale LNG market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
All country based analysis of the small-scale LNG market is further analyzed based on maximum granularity into further segmentation. On the basis of type, the market is segmented into liquefaction terminal, and regasification terminal. Based on application, the market is segmented into heavy-duty vehicles, marine transport, industrial & power, utilities, and residential. Modes of supply segment of the market are divided into trucks, trans- shipment and bunkering, and captive consumption through pipeline & rail. Infrastructure segment is divided into truck fueling stations, bunkering vessels, bunker barge, bunkering terminals, storage hubs, LNG storage, regas facilities, truck-to-ship bunkering, and LNG Trailers.
Small scale LNG is specially designed for locations where there is less production of LNG but there is no requirement of big plants as well. In simple words, they are substitute of large scale LNG and have the ability to produce LNG in remote locations with the help of different technologies. Liquefaction terminal and regasification terminal are two common type of the small scale LNG. They are very useful as they are widely used in industries and residential for power generation. They are mainly set up to meet the rising demand from shipping and trucking industries for fuel that are more environmental friendly as compared to oil and diesel. These are mainly used for marine fuel, power generation in off- grid location and as a fuel for heavy road transport.
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Key Pointers Covered in the Small-Scale LNG Market Industry Trends and Forecast to 2026
Key Market Competitors Covered in the report
Above are the key players covered in the report to know about more and exhaustive list of small scale LNG companies, contact https://www.databridgemarketresearch.com/toc?dbmr=global-small-scale-lng-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Small-Scale LNG Market – Industry Trends and Forecast to 2026