Small-scale LNG Market Size (2024 - 2029)

Small-scale LNG Market Analysis

The Small-scale LNG Market size is estimated at USD 10.70 billion in 2024, and is expected to reach USD 17.53 billion by 2029, growing at a CAGR of 10.38% during the forecast period (2024-2029).

• Over the long term, factors such as increasing demand for LNG in bunkering, road transportation, and off-grid power will drive the small-scale LNG market in the coming years.
• On the other hand, factors such as the high operation cost of small-scale LNG, lack of supporting infrastructure in regions such as the Middle East and Africa, and high CAPEX requirements, along with a long payback period of more than 12 years, are expected to hinder the growth of the market.
• However, owing to the high capital expenditure required for a small-scale LNG infrastructure, developing cost-efficient small-scale LNG infrastructure is expected to provide significant opportunities to small-scale LNG technology providers and transporters.
• The Asia-Pacific region dominates the market and will likely witness a significant CAGR during the forecast period.

Small-scale LNG Industry Segmentation

Small-scale LNG (SSLNG) is defined as the liquefaction, regasification, and import terminals at plants with a capacity of less than 1 MTPA, according to the International Gas Union (IGU), and with applications in power generation, transportation, industrial feedstock, and other applications. SSLNG carriers are vessels with an LNG storage capacity of less than 30,000 cubic meters (m³) for transportation. The typical range of SSLNG storage capacity is between 500 m³ and 5,000 m³. Other elements of SSLNG include LNG bunkering facilities for LNG-fueled vessels, LNG satellite stations, and infrastructure to supply LNG as fuel for road vehicles.

The small-scale LNG market is segmented by type, mode of supply, application, and geography. By type, the market is segmented into liquefaction terminals and regasification terminals. By mode of supply, the market is segmented into truck, transshipment and bunkering, and pipeline and rail. By application, the market is segmented into transportation, industrial feedstock, power generation, and other applications. The report also covers the market size and forecasts for the small-scale LNG market across major regions. For each segment, the market sizing and forecasts were made based on revenue (USD).