Middle East and Africa Small-Scale LNG Market, By Type (Liquefaction Terminal and Regasification Terminal), Mode of Supply (Trucks, Shipment & Bunkering, Rail Tanks, Pipeline, Others), Storage Tank (Atmospheric, Pressurized, Floating Storage (FSU)), Application (Transportation, Industrial and Power, Others), Country (United Arab Emirates, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Small-scale LNG market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 8.3% in the forecast period of 2020 to 2027 and is expected to reach USD 196.52 million by 2027. The LNG produce 30 percent less carbon dioxide (CO2) than fuel oil and 45% less than coal, with a twofold reduction in nitrogen oxide (N0x) emissions and almost no environmentally-damaging sulphur dioxide (SO2) emissions which increase its emission in the region.
Increasing demand of the natural gas for the production of electricity in the industry for manufacturing due to its cost efficiency, the demand for the small-scale LNG will increase in the region which will help the growth of the small-scale LNG market. Increased demand of the natural gases in industries due to increasing population in the regions are leading to the depletion of the natural gas and plant which are equipped on the land and are of no use. So, depleting in the natural gas will be the restrain for the small-scale LNG market.
Easy establishment or presence of the small-scale reserve site will increase the production and revenue for the manufactures in the market which becomes an opportunity for the small-scale LNG market. Transportation of the natural gas products from one region to another is very expensive which is becoming the challenge for the manufacture in the small-scale LNG market.
This small-scale LNG market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Small-scale LNG market is segmented on the basis of type, mode of supply, storage tank, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the market is segmented into liquefaction terminal and regasification terminal. In 2020, the liquefaction terminal segment is dominating the market as they are cheaper as compared to gasification terminal and provides the highest yield.
- On the basis of mode of supply, the market is segmented into trucks, shipment & bunkering, rail tanks, pipeline, and others. In 2020, trucks segment is dominating the market growth as they are the safest mode of transportation and transportation through trucks is economical.
- On the basis of storage tank, the market is segmented into atmospheric, pressurized and floating storage (FSU). In 2020, atmospheric segment is dominating the market as they are economical and reduces the changes of gas leakage.
- On the basis of application, the market is segmented into transportation, industrial and power, and others. In 2020, transportation segment is dominating the market as transportation reduces the fuel prices on a higher note as they are cheaper as compared to diesel and petrol.
Small-Scale LNG Market Country Level Analysis
Small-scale LNG market is analysed and market size information is provided by country, type, mode of supply, storage tank and application as referenced above.
The countries covered in Middle East and Africa small-scale LNG market report are United Arab Emirates, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
In Middle East and Africa, the United Arab Emirates is dominating the small-scale LNG market as in the country LNG gas is widely adopted in transportation as it reduces the fuel cost and give high efficiency to the vehicles. The cost benefits of the natural gas and low emission of carbon on burning increases the demand for the natural gas in transportation and will enhance the growth in the Middle East and Africa region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Small-Scale LNG Industry
Middle East and Africa small-scale LNG market also provides you with detailed market analysis for every country growth in installed base of different kind of products for small-scale LNG market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the small-scale LNG market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Small-Scale LNG Market Share Analysis
Small-scale LNG market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to small-scale LNG market.
The major players covered in the Middle East and Africa small-scale LNG market report are Linde, WÄRTSILÄ, Baker Hughes, a GE company LLC (A Subsidiary of GENERAL ELECTRIC), Honeywell (A Subsidiary of Honeywell International Inc), Gazprom, Equinor ASA., Eni S.p.A., bp p.l.c., Total, Royal Dutch Shell plc, Siemens, Air Products and Chemicals, Inc., Black & Veatch Holding Company, and ENGIE among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launch, approval, partnership and agreement are also initiated by the companies’ worldwide which are also accelerating the small-scale LNG market.
- In November 2016, Total company has entered into the project for the production of LNG, LPG, and condensates which is a bold LNG project off the coast of Australia. This development helped the company to increase the revenue in near future.
Collaboration, joint ventures and other strategies by the market player is enhancing the company market in the small-scale LNG market which also provides the benefit for organisation to improve their offering for small-scale LNG.
Customization Available: Middle East and Africa Small-Scale LNG Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.