Small Scale LNG (SSLNG) Market by Application, Distribution Channel, Region | Absolute Markets Insights
North America Small Scale LNG (SSLNG) Market By Application (Power Generation, Transportation Fuel (Heavy Duty Vehicles, Marine), Industrial); By Distribution Channel (Railways, Roadways, Bunkering Vessels) By Region (U.S., Canada, Mexico, Rest of North America,)
Report ID :AMI-663 | Category : Power & Energy | Published Date : September, 2020 | Pages : 402 | Format :PDF

Industry Trends

Small-scale LNG is defined as the direct use of liquifies natural gas without processing the same over traditional method of regasification. These plants are developed to cater to specific markets with production capacity of less than 500,000 tons per year. These plants are specially set up to supply natural gas to end-users or places where traditional large infrastructure cannot be built. The growing demand of natural gas across United States for power supply in remote industrial areas is influencing the growth of the North America small scale LNG (SSLNG) market. The constantly changing demand for natural gas across United States has led to the setup of various small-scale plants, for easy transportation to remote location and peak shaving. According to a study by   U.S. Department of Energy (DOE) in association with the National Association of Regulatory Utility Commissioners (NARUC), United States has approximately 55 local utilities owned and efficiently operated small-scale LNG plants. Stringent rules and regulations from government bodies across United States to regulate the import and export of LNG is influencing the deployment of small-scale LNG projects across the region. For instance, the import and export of LNG is governed by U.S. Federal Energy Regulatory Commission (FERC). The regulatory body lays down rules regarding tariff application of trading LNG. On the other hand, the U. S. Department of Transportation reviews the safety compliance to avoid accidents during transportation of the same.

Amidst the outbreak of Covid-19 pandemic, the government ities have undertaken necessary measures, which have enabled the market to sustain in these times of peril. The nationwide lockdown across countries like United States and Canada paused the LNG shipping market, thereby increasing the consumption of coal for power generation in industrial and commercial sectors. This is influencing the government bodies to take initiatives to encourage the adoption and investment in LNG. For instance, United States supported United Nations resolution to increase exports at this time of crisis. The government in order to reduce the consumption of coal have also raised the tax duties and increased the issuance of LNG license to state players to increase the adoption of the same. This is expected to influence the growth of the North America small scale LNG (SSLNG) market over the forecast period.

Application Outlook:

The application segment of the North America small scale LNG (SSLNG) market is bifurcated into power generation, transportation fuel and industrial fuel. The transportation fuel segment accounted for the highest share in the market in 2018. LNG emits 20-30% less greenhouse gases compared to diesel, petrol or gasoline and 50% less when compared to coal. This has influenced the adoption of LNG as transportation fuel, which is contributing to the growth of small scale LNG (SSLNG) market. Simultaneously, the rising concern to control air pollution across countries like United States and Canada is influencing the adoption of LNG in large commercial vehicles like trucks. For instance, according to World Bank, in 2017, the annual air pollution exposure (micrograms per cubic meter) for United States and Canada stood at 7 and 6 respectively. Power generation, on the other hand, is expected to grow with the highest CAGR over the forecast period. Growing demand for sustainable power from remote industrial plants is driving the growth of North America small scale LNG (SSLNG) market. The ability to use LNG for power generation in its true form, without undertaking complex processes such as regasification, is contributing towards the growing adoption of the same among small organizations for more profitable business model. This is expected to influence the growth of small scale LNG (SSLNG) market over the forecast period.

Distribution Channel Outlook:

The distribution channel segment is classified into railways, roadways, and bunkering vessels amongst others. In 2018, roadways accounted for the highest share in the North America small scale LNG (SSLNG) market. Roadways’ being a traditional form of commercial transportation of goods, between countries is the main factor contributing to the growth of the same in the small scale LNG (SSLNG) market. On the other hand, transportation of LNG through bunkering vessels is expected to grow with the highest CAGR over the forecast period. The rising export and import activity of LNG, between cross borders is increasing the adoption of bunkering vessels for the transportation of the same. It served as a safe mode of transportation of the natural gas till the import terminals, which is further transported to industrial and commercial customers through pipelines. For instance, in 2017, Shell expanded its LNG fuel business with its bunker vessel and bunker barge charter. It also entered into a strategic partnership with Victrol NV and CFT for LNG bunker barge with a capacity of 3000 cubic meters of fuel. This is allowing the company in better and efficient transportation of LNG across the globe. Similar strategic investments in the sector are influencing the growth of bunkering vessels segment in the North America small scale LNG (SSLNG) market.

Country Outlook:

United States accounted for the highest share in the North America small scale LNG (SSLNG) market in 2018. This growth is attributed to the increasing production capacity of small-scale LNG plants owing to integration of advanced technologies and equipment such as cryogenic pumps, fueling stations, dispensers, and modular liquefaction plants amongst other. Surge in investment by players across the region is also influencing the growth of the market. For instance, in February 2018, Linde, headquartered in California expanded its operation across Europe by constructing a new LNG storage plant in Russia. The investment undertaken by the company towards geographical expansion has enabled it to increase their production capacity, on both domestic and international levels. On the other hand, Canada is expected to grow with the highest CAGR over the forecast period, owing to the rising investment of companies in the country. For instance, according to Canada Energy Regulatory, the proposed construction of small-scale liquefaction facilities across Canada will decrease the transportation cost, thereby increasing the adoption of LNG in the country. This is forecasted to influence the growth of small scale LNG (SSLNG) market in the region.

In terms of revenue, North America small scale LNG (SSLNG) market was valued at US$ 531.10 Mn in 2018 and is anticipated to reach US$ 2066.49 Mn in 2027, growing at a CAGR of 17.2% over the forecast period. The study analyses the market in terms of revenue across all the major countries, which have been bifurcated into countries.

North America Small Scale LNG (SSLNG) Market Revenue & Forecast, (US$ Million), 2015-2027

North America Small Scale LNG (SSLNG) Market

Competitive Landscape

The report provides both, qualitative and quantitative research of North America small scale LNG (SSLNG) market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analysed in the report. For each company, the report studies their regional presence, competitors, service offerings and specification amongst others.

Some of the players operating in the North America small scale LNG (SSLNG) market are Avenir LNG MS Ltd, Baker Hughes, a GE Company LLC, Excelerate Energy L.P., Honeywell International Inc, Linde, New Fortress Energy, NUBLU, PLUM ENERGY, Royal Dutch Shell plc, Stabilis Energy, and Wärtsilä amongst others

North America Small Scale LNG (SSLNG) Market:

By Application

  • Power Generation
  • Transportation Fuel
    • Heavy Duty Vehicles
    • Marine
  • Industrial (Oil & Gas Exploration and Production, Mining)

By Distribution Channel

  • Railways
  • Roadways
  • Bunkering Vessels

By Country

  • U.S
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

 


1. Market Scope

1.1. Market Segmentation

1.2. Years Considered

1.2.1. Historic Years: 2013 - 2017

1.2.2. Base Year: 2018

1.2.3. Forecast Years: 2019 – 2027

2. Key Target Audiences

3. Research Methodology

3.1. Primary Research

3.1.1. Research Questionnaire

3.1.2. North America Percentage Breakdown

3.1.3. Primary Interviews: Key Opinion Leaders (KOLs)

3.2. Secondary Research

3.2.1. Paid Databases

3.2.2. Secondary Sources

3.3. Market Size Estimates

3.3.1. Top-Down Approach

3.3.2. Bottom-Up Approach

3.4. Data Triangulation Methodology

3.5. Research Assumptions

4. Recommendations and Insights from AMI’s Perspective**

5. Holistic Overview of Small Scale LNG (SSLNG) Market

6. Market Synopsis:  Small Scale LNG (SSLNG) Market

7. Small Scale LNG (SSLNG) Market Analysis: Qualitative Perspective

7.1. Introduction

7.1.1. Product Definition

7.1.2. Industry Development

7.2. Market Dynamics

7.2.1. Drivers

7.2.2. Restraints

7.2.3. Opportunities

7.3. Trends in Small Scale LNG (SSLNG) Market

7.4. Market Determinants Radar Chart

7.5. Macro-Economic and Micro-Economic Indicators: Small Scale LNG (SSLNG) Market

7.6. Porter’s Five Force Analysis

7.7. PESTEL Analysis

7.8. Supply Chain Analysis

7.9. Insights on Small-scale LNG Terminals

7.9.1. Liquefaction Terminals

7.9.2. Regasification Terminals

7.10. Technology Analysis: Small-scale LNG Market

7.10.1. Mixed Refrigerant Cycle Technologies

7.10.2. Expansion Cycle-based Technologies

7.10.3. Others

7.11. Investment Feasibility Analysis: Small-scale LNG Market

8. North America Small Scale LNG (SSLNG) Market Analysis and Forecasts, 2019 – 2027

8.1. Overview

8.1.1. North America Small Scale LNG (SSLNG) Market Revenue (US$ Mn)

8.2. North America Small Scale LNG (SSLNG) Market Revenue (US$ Mn) and Forecasts, By Application

8.2.1. Power Generation

8.2.1.1. Definition

8.2.1.2. Market Penetration, 2018

8.2.1.3. Market Estimation, 2013 – 2018

8.2.1.4. Market Forecast, 2019 – 2027

8.2.1.5. Compound Annual Growth Rate (CAGR)

8.2.1.6. Regional Bifurcation

8.2.1.6.1. U.S

8.2.1.6.1.1. Market Estimation, 2013 – 2018

8.2.1.6.1.2. Market Forecast, 2019 – 2027

8.2.1.6.2. Canada

8.2.1.6.2.1. Market Estimation, 2013 – 2018

8.2.1.6.2.2. Market Forecast, 2019 – 2027

8.2.1.6.3. Mexico

8.2.1.6.3.1. Market Estimation, 2013 – 2018

8.2.1.6.3.2. Market Forecast, 2019 – 2027

8.2.1.6.4. Rest of North America

8.2.1.6.4.1. Market Estimation, 2013 – 2018

8.2.1.6.4.2. Market Forecast, 2019 – 2027

8.2.2. Transportation Fuel (Definition, Market Penetration (2018), Market Estimation (2013 – 2018), Market Forecast (2019 – 2027), Compound Annual Growth Rate (CAGR), Regional Bifurcation (U.S, Canada, Mexico, Rest of North America) and Information on Heavy Duty Vehicles, Marine)

8.2.2.1. Heavy Duty Vehicles

8.2.2.2. Marine

8.2.3. Industrial (Oil and Gas Exploration and Production, Mining)

8.2.3.1. Definition

8.2.3.2. Market Penetration, 2018

8.2.3.3. Market Estimation, 2013 – 2018

8.2.3.4. Market Forecast, 2019 – 2027

8.2.3.5. Compound Annual Growth Rate (CAGR)

8.2.3.6. Regional Bifurcation

8.2.3.6.1. U.S

8.2.3.6.1.1. Market Estimation, 2013 – 2018

8.2.3.6.1.2. Market Forecast, 2019 – 2027

8.2.3.6.2. Canada

8.2.3.6.2.1. Market Estimation, 2013 – 2018

8.2.3.6.2.2. Market Forecast, 2019 – 2027

8.2.3.6.3. Mexico

8.2.3.6.3.1. Market Estimation, 2013 – 2018

8.2.3.6.3.2. Market Forecast, 2019 – 2027

8.2.3.6.4. Rest of North America

8.2.3.6.4.1. Market Estimation, 2013 – 2018

8.2.3.6.4.2. Market Forecast, 2019 – 2027

8.3. Key Segment for Channeling Investments

8.3.1. By Application

9. North America Small Scale LNG (SSLNG) Market Analysis and Forecasts, 2019 – 2027

9.1. Overview

9.2. North America Small Scale LNG (SSLNG) Market Revenue (US$ Mn) and Forecasts, By Distribution Channel

9.2.1. Railways

9.2.1.1. Definition

9.2.1.2. Market Penetration, 2018

9.2.1.3. Market Estimation, 2013 – 2018

9.2.1.4. Market Forecast, 2019 – 2027

9.2.1.5. Compound Annual Growth Rate (CAGR)

9.2.1.6. Regional Bifurcation

9.2.1.6.1. U.S

9.2.1.6.1.1. Market Estimation, 2013 – 2018

9.2.1.6.1.2. Market Forecast, 2019 – 2027

9.2.1.6.2. Canada

9.2.1.6.2.1. Market Estimation, 2013 – 2018

9.2.1.6.2.2. Market Forecast, 2019 – 2027

9.2.1.6.3. Mexico

9.2.1.6.3.1. Market Estimation, 2013 – 2018

9.2.1.6.3.2. Market Forecast, 2019 – 2027

9.2.1.6.4. Rest of North America

9.2.1.6.4.1. Market Estimation, 2013 – 2018

9.2.1.6.4.2. Market Forecast, 2019 – 2027

9.2.2. Roadways

9.2.2.1. Definition

9.2.2.2. Market Penetration, 2018

9.2.2.3. Market Estimation, 2013 – 2018

9.2.2.4. Market Forecast, 2019 – 2027

9.2.2.5. Compound Annual Growth Rate (CAGR)

9.2.2.6. Regional Bifurcation

9.2.2.6.1. U.S

9.2.2.6.1.1. Market Estimation, 2013 – 2018

9.2.2.6.1.2. Market Forecast, 2019 – 2027

9.2.2.6.2. Canada

9.2.2.6.2.1. Market Estimation, 2013 – 2018

9.2.2.6.2.2. Market Forecast, 2019 – 2027

9.2.2.6.3. Mexico

9.2.2.6.3.1. Market Estimation, 2013 – 2018

9.2.2.6.3.2. Market Forecast, 2019 – 2027

9.2.2.6.4. Rest of North America

9.2.2.6.4.1. Market Estimation, 2013 – 2018

9.2.2.6.4.2. Market Forecast, 2019 – 2027

9.2.3. Bunkering Vessels

9.2.3.1. Definition

9.2.3.2. Market Penetration, 2018

9.2.3.3. Market Estimation, 2013 – 2018

9.2.3.4. Market Forecast, 2019 – 2027

9.2.3.5. Compound Annual Growth Rate (CAGR)

9.2.3.6. Regional Bifurcation

9.2.3.6.1. U.S

9.2.3.6.1.1. Market Estimation, 2013 – 2018

9.2.3.6.1.2. Market Forecast, 2019 – 2027

9.2.3.6.2. Canada

9.2.3.6.2.1. Market Estimation, 2013 – 2018

9.2.3.6.2.2. Market Forecast, 2019 – 2027

9.2.3.6.3. Mexico

9.2.3.6.3.1. Market Estimation, 2013 – 2018

9.2.3.6.3.2. Market Forecast, 2019 – 2027

9.2.3.6.4. Rest of North America

9.2.3.6.4.1. Market Estimation, 2013 – 2018

9.2.3.6.4.2. Market Forecast, 2019 – 2027

9.3. Key Segment for Channeling Investments

9.3.1. By Distribution Channel

10. North America Small Scale LNG (SSLNG) Market Analysis and Forecasts, 2019 - 2027

10.1. Overview

10.2. North America Small Scale LNG (SSLNG) Market Revenue (US$ Mn), By Country

10.2.1. U.S

10.2.1.1. U.S Small Scale LNG (SSLNG) Market Revenue (US$ Mn) and Forecasts, By Application

10.2.1.1.1. Power Generation

10.2.1.1.2. Transportation Fuel

10.2.1.1.2.1. Heavy Duty Vehicles

10.2.1.1.2.2. Marine

10.2.1.1.3. Industrial (Oil and Gas Exploration and Production, Mining)

10.2.1.2. U.S Small Scale LNG (SSLNG) Market Revenue (US$ Mn) and Forecasts, By Distribution Channel

10.2.1.2.1. Railways

10.2.1.2.2. Roadways

10.2.1.2.3. Bunkering Vessels

10.2.2. Canada

10.2.2.1. Canada Small Scale LNG (SSLNG) Market Revenue (US$ Mn) and Forecasts, By Application

10.2.2.1.1. Power Generation

10.2.2.1.2. Transportation Fuel

10.2.2.1.2.1. Heavy Duty Vehicles

10.2.2.1.2.2. Marine

10.2.2.1.3. Industrial (Oil and Gas Exploration and Production, Mining)

10.2.2.2. Canada Small Scale LNG (SSLNG) Market Revenue (US$ Mn) and Forecasts, By Distribution Channel

10.2.2.2.1. Railways

10.2.2.2.2. Roadways

10.2.2.2.3. Bunkering Vessels

10.2.3. Mexico

10.2.3.1. Mexico Small Scale LNG (SSLNG) Market Revenue (US$ Mn) and Forecasts, By Application

10.2.3.1.1. Power Generation

10.2.3.1.2. Transportation Fuel

10.2.3.1.2.1. Heavy Duty Vehicles

10.2.3.1.2.2. Marine

10.2.3.1.3. Industrial (Oil and Gas Exploration and Production, Mining)

10.2.3.2. Mexico Small Scale LNG (SSLNG) Market Revenue (US$ Mn) and Forecasts, By Distribution Channel

10.2.3.2.1. Railways

10.2.3.2.2. Roadways

10.2.3.2.3. Bunkering Vessels

10.2.4. Rest of North America

10.2.4.1. Rest of North America Small Scale LNG (SSLNG) Market Revenue (US$ Mn) and Forecasts, By Application

10.2.4.1.1. Power Generation

10.2.4.1.2. Transportation Fuel

10.2.4.1.2.1. Heavy Duty Vehicles

10.2.4.1.2.2. Marine

10.2.4.1.3. Industrial (Oil and Gas Exploration and Production, Mining)

10.2.4.2. Rest of North America Small Scale LNG (SSLNG) Market Revenue (US$ Mn) and Forecasts, By Distribution Channel

10.2.4.2.1. Railways

10.2.4.2.2. Roadways

10.2.4.2.3. Bunkering Vessels

10.3. Key Segment for Channeling Investments

10.3.1. By Country

10.3.2. By Application

10.3.3. By Distribution Channel

11. Competitive Benchmarking

11.1. Market Share Analysis, 2018

11.2. North America Presence and Growth Strategies

11.2.1. Mergers and Acquisitions

11.2.2. Product Launches

11.2.3. Investments Trends

11.2.4. R&D Initiatives

12. Player Profiles

12.1. Avenir LNG MS Ltd

12.1.1. Company Details

12.1.2. Company Overview

12.1.3. Product Offerings

12.1.4. Key Developments

12.1.5. Financial Analysis

12.1.6. SWOT Analysis

12.1.7. Business Strategies

12.2. Baker Hughes, a GE Company LLC

12.2.1. Company Details

12.2.2. Company Overview

12.2.3. Product Offerings

12.2.4. Key Developments

12.2.5. Financial Analysis

12.2.6. SWOT Analysis

12.2.7. Business Strategies

12.3. Excelerate Energy L.P.

12.3.1. Company Details

12.3.2. Company Overview

12.3.3. Product Offerings

12.3.4. Key Developments

12.3.5. Financial Analysis

12.3.6. SWOT Analysis

12.3.7. Business Strategies

12.4. Honeywell International Inc

12.4.1. Company Details

12.4.2. Company Overview

12.4.3. Product Offerings

12.4.4. Key Developments

12.4.5. Financial Analysis

12.4.6. SWOT Analysis

12.4.7. Business Strategies

12.5. Linde

12.5.1. Company Details

12.5.2. Company Overview

12.5.3. Product Offerings

12.5.4. Key Developments

12.5.5. Financial Analysis

12.5.6. SWOT Analysis

12.5.7. Business Strategies

12.6. New Fortress Energy

12.6.1. Company Details

12.6.2. Company Overview

12.6.3. Product Offerings

12.6.4. Key Developments

12.6.5. Financial Analysis

12.6.6. SWOT Analysis

12.6.7. Business Strategies

12.7. NUBLU

12.7.1. Company Details

12.7.2. Company Overview

12.7.3. Product Offerings

12.7.4. Key Developments

12.7.5. Financial Analysis

12.7.6. SWOT Analysis

12.7.7. Business Strategies

12.8. PLUM ENERGY

12.8.1. Company Details

12.8.2. Company Overview

12.8.3. Product Offerings

12.8.4. Key Developments

12.8.5. Financial Analysis

12.8.6. SWOT Analysis

12.8.7. Business Strategies

12.9. Royal Dutch Shell plc

12.9.1. Company Details

12.9.2. Company Overview

12.9.3. Product Offerings

12.9.4. Key Developments

12.9.5. Financial Analysis

12.9.6. SWOT Analysis

12.9.7. Business Strategies

12.10. Stabilis Energy

12.10.1. Company Details

12.10.2. Company Overview

12.10.3. Product Offerings

12.10.4. Key Developments

12.10.5. Financial Analysis

12.10.6. SWOT Analysis

12.10.7. Business Strategies

12.11. Wärtsilä

12.11.1. Company Details

12.11.2. Company Overview

12.11.3. Product Offerings

12.11.4. Key Developments

12.11.5. Financial Analysis

12.11.6. SWOT Analysis

12.11.7. Business Strategies

12.12. Other Industry Participants

13. Key Findings

 

Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion.

 

**Exclusive for Multi-User and Enterprise User

At Absolute Markets Insights, we are engaged in building both global as well as country specific reports. As a result, the approach taken for deriving the estimation and forecast for a specific country is a bit unique and different in comparison to the global research studies. In this case, we not only study the concerned market factors & trends prevailing in a particular country (from secondary research) but we also tend to calculate the actual market size & forecast from the revenue generated from the market participants involved in manufacturing or distributing the any concerned product. These companies can also be service providers. For analyzing any country specifically, we do consider the growth factors prevailing under the states/cities/county for the same. For instance, if we are analyzing an industry specific to United States, we primarily need to study about the states present under the same(where the product/service has the highest growth). Similar analysis will be followed by other countries. Our scope of the report changes with different markets.

Our research study is mainly implement through a mix of both secondary and primary research. Various sources such as industry magazines, trade journals, and government websites and trade associations are reviewed for gathering precise data. Primary interviews  are conducted to validate the market size derived from secondary research. Industry experts, major manufacturers and distributors are contacted for further validation purpose on the current market penetration and growth trends.  

Prominent participants in our primary research process include:

  • Key Opinion Leaders namely the CEOs, CSOs, VPs, purchasing managers, amongst others
  • Research and development participants, distributors/suppliers and subject matter experts

Secondary Research includes data extracted from paid data sources:

  • Reuters
  • Factiva
  • Bloomberg
  • One Source
  • Hoovers

Research Methodology

Methodology

Key Inclusions

Methodology