North America Small-Scale LNG Market – Industry Trends and Forecast to 2030

North America 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) - Market Trends and Forecast to 2030.

North America Small-scale LNG Market Analysis and Size

The rise in the usage of natural gas in various industries has carved the way for the growth of small-scale LNG. The features of small-scale LNG are what draw attention. Small-scale LNG is cost-efficient. Moreover, the increasing adoption of LNG in various oil and gas industries is also fuelling the growth of the small-scale LNG market in the North America region.

Data Bridge Market Research analyses that the North America small-scale LNG market, which was USD 449.06 million in 2022, would rocket up to USD 1,220.49 million by 2030 and is expected to undergo a CAGR of 13.5% during the forecast period. This indicates the market value. “Transportation” dominate the application segment of the small-scale LNG market owing to the increase in requirement for clean and cost-efficient fuel for vehicles. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

North America Small-scale LNG Market Scope and Segmentation

Market Definition

The term 'small-scale LNG' refers to the direct use of liquefied natural gas in its liquid form. The growth in the small-scale LNG market is catalyzed by increasingly stringent environmental regulations and the industry’s ability to unlock new seams of consumption.

North America Small-scale LNG Market Dynamics

Drivers

• Increasing demand for natural gas for the production of electricity

Small-scale LNG plays a role in enhancing energy security and diversification. It allows regions and countries to access natural gas resources even if they do not have access to large-scale infrastructure or domestic gas reserves. Small-scale LNG terminals and distribution networks can provide a reliable and secure energy supply for industries and communities. This, in turn, is expected to carve the way for the growth of the market.

• Rising energy transition and environmental concerns

The increasing focus on reducing greenhouse gas emissions and transitioning towards cleaner fuels has driven the demand for natural gas, including LNG. Small-scale LNG offers a cleaner alternative to traditional fuels, such as coal and heavy fuel oil, making it an attractive option for industries and transportation sectors looking to reduce their carbon footprint.

• Growing industrial applications

Small-scale LNG is used in various industrial applications, such as power generation, heating, and cooling. Industries that require a consistent and reliable source of energy, such as manufacturing, mining, and petrochemicals, can benefit from the use of small-scale LNG to meet their energy needs.

Opportunities

Furthermore, an upsurge in the public-private funding for target research activities, rising demand for LNG in remote and off-grid areas, and technological advancements across North America countries will extend profitable opportunities for the market players in the forecast period of 2023 to 2030.

Restraints/Challenges

On the other hand, high costs associated with infrastructural development, regulatory and permitting challenges, and stiff competition from alternative fuels are expected to obstruct market growth. Also, lack of awareness, limited LNG infrastructure and distribution networks, and requirement for trained labor is projected to challenge the market in the forecast period of 2023-2030.

This small-scale LNG market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Small-scale LNG market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Recent Development

•  In June 2023, Grand Isle LNG proposed a Gulf of Mexico LNG export facility. This new facility delivers a cleaner environment and competitively priced US LNG, as well as significant economic benefits to the region. This new facility will consist of a crew quarters platform, two gas treatment platforms, two 2.1 million tpy liquefaction platforms, two loading platforms, one thermal oxidizer platform, and two 155 000 m3 storage and offloading vessels.

North America Small-scale LNG Market Scope

The North America small-scale LNG market is segmented on the basis of type, mode of supply, storage tank, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Liquefaction Terminal
• Regasification Terminal

Mode of Supply

• Trucks
• Shipment & Bunkering
• Rail Tanks
• Pipeline
• Others

Storage Tank

• Atmospheric
• Pressurized
• Floating Storage (FSU) Ethylene

Application

• Transportation
• Industrial and Power
• Others

Small-scale LNG Market Regional Analysis/Insights

The North America small-scale LNG market is analysed, and market size insights and trends are provided by country, type, mode of supply, storage tank, and application, as referenced above.

The countries covered in the North America small-scale LNG market report are U.S., Canada, and Mexico.

U.S. is expected to dominate the North America small-scale LNG market owing to increasing demand from various end-user industries such as manufacturing, mining, and petrochemicals.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Small-scale LNG Market Share Analysis

The North America 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, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to small-scale LNG market.

Some of the major players operating in the North America small-scale LNG market are:

• Shell plc (U.K.)
• Engie SA (France)
• Eni S.p.A. (Italy)
• Stabilis Energy (U.S.)
• Crowley Maritime Corporation (U.S.)
• Pivotal LNG (A Subsidiary of Southern Company Gas (U.S.)
• Plum Energy (U.S.)
• Prometheus Energy (U.S.)
• Eagle LNG (U.S.), among others