DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Small-Scale LNG Market by Type (Liquefaction Terminal, and Regasification Terminal), End-User (Heavy-Duty Vehicles, Electric Power Generation, Marine Transport), and Region - Global Forecast to 2021" report to their offering.
The small-scale LNG market is projected to reach 299.15 Million tons per annum by 2021, at a CAGR of 2.7% during the forecast period, 2016 to 2021.
The growth of the small-scale LNG market is mainly driven by the economies of scale in designing and constructing liquefaction and regasification terminals. Various factors, such as formulation and implementation of various policies regarding emission of carbon dioxide and nitrogen oxide and modifications being carried out in the existing liquefied natural gas (LNG) terminals have led to increased use of small-scale liquefied natural gas (LNG) by various end users, such as power generation and heavy-duty vehicles. Presently, the infrastructure of small-scale liquefied natural gas (LNG) liquefaction and regasification terminals is in the development stage in several countries, such as Norway, Sweden, Canada, and Malaysia, among others.
The Linde Group (Germany), Wärtsilä Corporation (Finland), Honeywell International Inc. (U.S.), General Electric (U.S.), and ENGIE (France), among others are the leading companies operating in the small-scale LNG market. These companies are expected to account for significant shares of the small-scale LNG market in the near future.
Market Dynamics
Drivers
- Energy Cost Advantage of LNG Over Alternate Energy Sources for End Users
- Environmental Benefits
- Fiscal Regime and Subsidies
Restraints
- Highly Capital-Intensive LNG Systems and Supply Infrastructure
Opportunities
- Evolving LNG Supply/Demand
- Integration of New Technologies
Challenges
- Expensive Supply Chain
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Small-Scale LNG Market, By Type (Supply Side)
8 Small-Scale LNG Terminal Market, By End User (Demand Side)
9 Small-Scale LNG Market, By Region
10 Competitive Landscape
11 Company Profiles
- Cryostar SAS
- Dresser-Rand Group, Inc.
- Engie
- Excelerate Energy L.P.
- Gazprom
- General Electric
- Honeywell International Inc.
- IHI Corporation
- Plum Energy
- Prometheus Energy
- Skangas AS
- Sofregaz S.A.
- The Linde Group
- Wärtsilä Corporation
For more information about this report visit http://www.researchandmarkets.com/research/338qzb/smallscale_lng