Small-Scale LNG Market Report 2022-2027, Size, Share, Growth, Trends and Forecast

According to IMARC Group's latest report, titled "Small-Scale LNG Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The global small-scale LNG market size reached US$ 30.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 48.1 Billion by 2027, exhibiting a growth rate (CAGR) of 7.94% during 2022-2027.

Small-scale liquified natural gas (SSLNG) refers to the process of producing and distributing smaller fuel quantities from liquefaction plants. Also known as micro LNG, it involves the direct use of LNG in its liquid form and its introduction into the gas transmission grid than the traditional model of regasification units. Due to its flexibility, SSLNG finds demand in off-grid power generation locations and remote areas for bunkering and as fuel for heavy road transport.

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Market Trends

The market is primarily driven by the rapid growth of the Internet of Things (IoT) on the global level. Edge computing solutions are widely integrated with IoT-enabled devices, which aids in efficiently handing, processing and handling large volumes of data. These solutions also assist in improving internet connectivity for receiving and delivering data via the cloud. This, along with the escalating adoption of connected devices and the rising applications requiring real-time computing, is providing a thrust to the market growth. Moreover, the growing adoption of real-time and big data analytics is strengthening the demand for edge computing. The market is further driven by the significant improvements in network technologies, including 4G and 5G connections. The development of faster and uninterrupted networks assists in supporting real-time applications, thereby creating a positive outlook for the market. There has been a steady increase in the implementation of multi-access edge computing (MEC) by telecom companies that is used for mitigating network congestion and improving application performance. This, in confluence with the rising adoption rates of edge computing by various organizations to reduce the costs associated with an extensive cloud computing architecture, is providing an impetus to the market growth. In addition to this, the widespread adoption of the remote working model by various enterprises on account of the rapid outbreak of the coronavirus disease (COVID-19) is acting as another major growth-inducing factor. These computing solutions are extensively being utilized for enhancing the network performance of streaming services amid the rising trend of work-from-home culture across the globe.

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List of Key Companies Covered in this Market Report:

Dresser-Rand Group Inc. (Siemens)
Engie SA
Excelerate Energy. L. P.
PJSC Gazprom
General Electric
Honeywell International Inc.
IHI Corporation
Linde Aktiengesellschaft
Novatek
Plum Energy LLC
Royal Dutch Shell PLC
Sofregaz
Wärtsilä Oyj Abp

The report has segmented the market on the basis of terminal type, mode of supply, storage tank type, application and geography

Breakup by Terminal Type:

Liquefaction Terminal
Regasification Terminal

Breakup by Mode of Supply:

Truck
Trans-Shipment and Bunkering
Pipeline and Rail
Others

Breakup by Storage Tank Type:

Pressurized
Atmospheric Tank
Floating Storage Unit (FSU)

Breakup by Application:

Electrical Power Generation
Industrial Feedstock
Transportation
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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