The small-scale LNG market size has grown strongly in recent years. It will grow from $18.51 billion in 2024 to $19.99 billion in 2025 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to energy demand diversification, environmental regulations, natural gas abundance, remote area energy solutions, transportation fuel transition.
The small-scale LNG market size is expected to see strong growth in the next few years. It will grow to $28.47 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to public perception and acceptance, flexibility and scalability, competitive pricing, global energy trade shifts, diversification in industrial use, rising energy demand. Major trends in the forecast period include energy transition focus, environmental awareness, natural gas availability, remote area energy solutions, transportation industry shift.
The growing preference for greener and cleaner fuels is expected to drive the growth of the small-scale LNG market. Green fuels, also referred to as green hydrocarbons or biofuels, are produced from biomass through various biological and thermochemical processes that have minimal environmental impact. This shift toward greener fuels is primarily motivated by the need to mitigate environmental harm and address the depletion of natural resources. For example, in February 2024, the U.S. Energy Information Administration (EIA), a US-based government agency, reported that the United States produced approximately 18.7 billion gallons of biofuels in 2022 and consumed about 17.6 billion gallons, resulting in a net export of roughly 1 billion gallons. Thus, the increasing inclination towards greener and cleaner fuels is set to propel the growth of the small-scale LNG market.
The growing demand for natural gas is poised to drive the expansion of the small-scale LNG market. Natural gas, primarily composed of methane, serves as a crucial energy source for heating, electricity generation, and vehicle fuel. Small-scale LNG is transforming local natural gas commerce by offering flexibility, environmental advantages, and enhanced energy security. According to the International Energy Agency (IEA) in July 2022, global demand for gas is expected to rise by 140 billion cubic meters (BCM) from 2021 to 2025, underscoring the significant role of natural gas in the energy landscape and its impact on the growth of the small-scale LNG market.
In response to the increasing demand for sustainable solutions, major companies in the small-scale LNG market are introducing innovative vessels, such as small-scale LNG bunkering vessels. These vessels are designed to provide liquefied natural gas (LNG) bunkering services on a smaller scale, particularly for refueling ships. For instance, in 2023, Axpo, a Switzerland-based renewable energy specialist, launched a small-scale LNG bunkering vessel. With a potential capacity of 7,500 cubic meters, the vessel is set to be constructed at the San Giorgio shipyard in Piombino, Italy. The vessel is expected to facilitate ship-to-ship and ship-to-truck services off the coast of Naples, enabling the transfer of LNG to onshore tanker trucks for distribution. This initiative aligns with the maritime industry's pursuit of cleaner and more sustainable energy sources, with the vessel possibly accommodating the transport of bio-LNG and ammonia in the future.
Major players in the small-scale LNG market are introducing new loading services, such as small-scale LNG carrier loading services, to address the escalating demand for LNG bunkering. This service involves offering facilities and infrastructure for loading liquefied natural gas (LNG) onto smaller vessels, catering to the rising market of LNG-powered carriers, including containerships, ferries, and cruise liners. An example of this initiative is evident in the actions of Elengy, a France-based company specializing in the LNG sector. In November 2023, Elengy launched a small-scale LNG loading service, specifically at the Fos Tonkin terminal. The terminal, now equipped for smaller vessels, provides 18 loading slots annually for small-scale LNG carriers with capacities of up to 40,000 cubic meters. This strategic move aligns with the broader goal of contributing to the decarbonization of maritime transport by meeting the growing demand for LNG bunkering.
In September 2024, Honeywell International Inc., a US-based manufacturer of appliances, electrical, and electronics, acquired the LNG process technology and equipment business from Air Products for an undisclosed amount. This acquisition is intended to enhance Honeywell's standing in the energy market by providing advanced solutions and technologies. Additionally, it will enable Honeywell to offer a broader range of services to its customers in the LNG sector. Air Products and Chemicals, Inc. is a US-based company in the chemical industry.
Major companies operating in the small-scale LNG market are Linde PLC, Wärtsilä Oyj Abp, Honeywell International Inc., General Electric Company, Engie SA, SOFREGAZ SAS, Plum Energy LLC, Excelerate Energy Inc., IHI Corporation, PAO NOVATEK, Gasum Ltd., Siemens Energy AG, Chart Industries Inc., Air Products & Chemicals Inc., PJSC Gazprom, Prometheus Energy s.r.o., TotalEnergies SE, Shell PLC, Black & Veatch Holding Company, Anthony Veder Group NV, Eni SpA, Baker Hughes Company, Evergas AS, Stabilis Solutions Inc., Chevron Corporation, Emerson Electric Co., ABB limited.
Asia-Pacific was the largest region in the small-scale LNG market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the small-scale lng market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the small-scale lng market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Small-scale LNG (SS LNG) represents a suite of logistical operations tailored for managing moderate quantities of liquefied natural gas (LNG). SSLNG logistics primarily serve to provide LNG and Bio-LNG to heavy road, maritime, and rail transportation sectors.
The primary types of small-scale LNG operations encompass liquefaction and regasification. Liquefaction terminals are responsible for receiving, storing, conditioning, and distributing LNG to consumers. These terminals convert natural gas into a liquid state, enabling its transportation through pipelines. Liquefaction terminals play a crucial role in the overall supply chain of liquefied natural gas (LNG). Small-scale LNG is distributed through various modes like truck, rail, transshipment, and bunkering, and consumed in industrial, transportation, utilities, and marine applications, including captive consumption through pipelines.
The small-scale LNG market research report is one of a series of new reports that provides small-scale LNG market statistics, including small-scale LNG industry global market size, regional shares, competitors with a small-scale LNG market share, detailed small-scale LNG market segments, market trends and opportunities, and any further data you may need to thrive in the small-scale LNG industry. This small-scale LNG market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The small-scale LNG market consists of revenues earned by entities by providing small-scale LNG services that are used to manage small quantities of LNG used in sectors such as road, and maritime. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The small-scale LNG market size is expected to see strong growth in the next few years. It will grow to $28.47 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to public perception and acceptance, flexibility and scalability, competitive pricing, global energy trade shifts, diversification in industrial use, rising energy demand. Major trends in the forecast period include energy transition focus, environmental awareness, natural gas availability, remote area energy solutions, transportation industry shift.
The growing preference for greener and cleaner fuels is expected to drive the growth of the small-scale LNG market. Green fuels, also referred to as green hydrocarbons or biofuels, are produced from biomass through various biological and thermochemical processes that have minimal environmental impact. This shift toward greener fuels is primarily motivated by the need to mitigate environmental harm and address the depletion of natural resources. For example, in February 2024, the U.S. Energy Information Administration (EIA), a US-based government agency, reported that the United States produced approximately 18.7 billion gallons of biofuels in 2022 and consumed about 17.6 billion gallons, resulting in a net export of roughly 1 billion gallons. Thus, the increasing inclination towards greener and cleaner fuels is set to propel the growth of the small-scale LNG market.
The growing demand for natural gas is poised to drive the expansion of the small-scale LNG market. Natural gas, primarily composed of methane, serves as a crucial energy source for heating, electricity generation, and vehicle fuel. Small-scale LNG is transforming local natural gas commerce by offering flexibility, environmental advantages, and enhanced energy security. According to the International Energy Agency (IEA) in July 2022, global demand for gas is expected to rise by 140 billion cubic meters (BCM) from 2021 to 2025, underscoring the significant role of natural gas in the energy landscape and its impact on the growth of the small-scale LNG market.
In response to the increasing demand for sustainable solutions, major companies in the small-scale LNG market are introducing innovative vessels, such as small-scale LNG bunkering vessels. These vessels are designed to provide liquefied natural gas (LNG) bunkering services on a smaller scale, particularly for refueling ships. For instance, in 2023, Axpo, a Switzerland-based renewable energy specialist, launched a small-scale LNG bunkering vessel. With a potential capacity of 7,500 cubic meters, the vessel is set to be constructed at the San Giorgio shipyard in Piombino, Italy. The vessel is expected to facilitate ship-to-ship and ship-to-truck services off the coast of Naples, enabling the transfer of LNG to onshore tanker trucks for distribution. This initiative aligns with the maritime industry's pursuit of cleaner and more sustainable energy sources, with the vessel possibly accommodating the transport of bio-LNG and ammonia in the future.
Major players in the small-scale LNG market are introducing new loading services, such as small-scale LNG carrier loading services, to address the escalating demand for LNG bunkering. This service involves offering facilities and infrastructure for loading liquefied natural gas (LNG) onto smaller vessels, catering to the rising market of LNG-powered carriers, including containerships, ferries, and cruise liners. An example of this initiative is evident in the actions of Elengy, a France-based company specializing in the LNG sector. In November 2023, Elengy launched a small-scale LNG loading service, specifically at the Fos Tonkin terminal. The terminal, now equipped for smaller vessels, provides 18 loading slots annually for small-scale LNG carriers with capacities of up to 40,000 cubic meters. This strategic move aligns with the broader goal of contributing to the decarbonization of maritime transport by meeting the growing demand for LNG bunkering.
In September 2024, Honeywell International Inc., a US-based manufacturer of appliances, electrical, and electronics, acquired the LNG process technology and equipment business from Air Products for an undisclosed amount. This acquisition is intended to enhance Honeywell's standing in the energy market by providing advanced solutions and technologies. Additionally, it will enable Honeywell to offer a broader range of services to its customers in the LNG sector. Air Products and Chemicals, Inc. is a US-based company in the chemical industry.
Major companies operating in the small-scale LNG market are Linde PLC, Wärtsilä Oyj Abp, Honeywell International Inc., General Electric Company, Engie SA, SOFREGAZ SAS, Plum Energy LLC, Excelerate Energy Inc., IHI Corporation, PAO NOVATEK, Gasum Ltd., Siemens Energy AG, Chart Industries Inc., Air Products & Chemicals Inc., PJSC Gazprom, Prometheus Energy s.r.o., TotalEnergies SE, Shell PLC, Black & Veatch Holding Company, Anthony Veder Group NV, Eni SpA, Baker Hughes Company, Evergas AS, Stabilis Solutions Inc., Chevron Corporation, Emerson Electric Co., ABB limited.
Asia-Pacific was the largest region in the small-scale LNG market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the small-scale lng market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the small-scale lng market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Small-scale LNG (SS LNG) represents a suite of logistical operations tailored for managing moderate quantities of liquefied natural gas (LNG). SSLNG logistics primarily serve to provide LNG and Bio-LNG to heavy road, maritime, and rail transportation sectors.
The primary types of small-scale LNG operations encompass liquefaction and regasification. Liquefaction terminals are responsible for receiving, storing, conditioning, and distributing LNG to consumers. These terminals convert natural gas into a liquid state, enabling its transportation through pipelines. Liquefaction terminals play a crucial role in the overall supply chain of liquefied natural gas (LNG). Small-scale LNG is distributed through various modes like truck, rail, transshipment, and bunkering, and consumed in industrial, transportation, utilities, and marine applications, including captive consumption through pipelines.
The small-scale LNG market research report is one of a series of new reports that provides small-scale LNG market statistics, including small-scale LNG industry global market size, regional shares, competitors with a small-scale LNG market share, detailed small-scale LNG market segments, market trends and opportunities, and any further data you may need to thrive in the small-scale LNG industry. This small-scale LNG market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The small-scale LNG market consists of revenues earned by entities by providing small-scale LNG services that are used to manage small quantities of LNG used in sectors such as road, and maritime. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Small-Scale LNG Market Characteristics3. Small-Scale LNG Market Trends and Strategies4. Small-Scale LNG Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Small-Scale LNG Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Small-Scale LNG Market34. Recent Developments in the Small-Scale LNG Market
5. Global Small-Scale LNG Growth Analysis and Strategic Analysis Framework
6. Small-Scale LNG Market Segmentation
7. Small-Scale LNG Market Regional and Country Analysis
8. Asia-Pacific Small-Scale LNG Market
9. China Small-Scale LNG Market
10. India Small-Scale LNG Market
11. Japan Small-Scale LNG Market
12. Australia Small-Scale LNG Market
13. Indonesia Small-Scale LNG Market
14. South Korea Small-Scale LNG Market
15. Western Europe Small-Scale LNG Market
16. UK Small-Scale LNG Market
17. Germany Small-Scale LNG Market
18. France Small-Scale LNG Market
19. Italy Small-Scale LNG Market
20. Spain Small-Scale LNG Market
21. Eastern Europe Small-Scale LNG Market
22. Russia Small-Scale LNG Market
23. North America Small-Scale LNG Market
24. USA Small-Scale LNG Market
25. Canada Small-Scale LNG Market
26. South America Small-Scale LNG Market
27. Brazil Small-Scale LNG Market
28. Middle East Small-Scale LNG Market
29. Africa Small-Scale LNG Market
30. Small-Scale LNG Market Competitive Landscape and Company Profiles
31. Small-Scale LNG Market Other Major and Innovative Companies
35. Small-Scale LNG Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Small-Scale LNG Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on small-scale lng market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for small-scale lng ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The small-scale lng market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Liquefaction; Regasification2) by Mode of Supply: Truck; Rail; Transshipment and Bunkering; Captive Consumption Through Pipeline
3) by Application: Industrial; Transportation; Utilities; Marine
Subsegments:
1) by Liquefaction: Modular Liquefaction Plants; Small-Scale LNG Terminals2) by Regasification: Small-Scale Regasification Terminals; Floating Regasification Units (FRUs)
Key Companies Mentioned: Linde PLC; Wärtsilä Oyj Abp; Honeywell International Inc.; General Electric Company; Engie SA
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Small-Scale LNG market report include:- Linde PLC
- Wärtsilä Oyj Abp
- Honeywell International Inc.
- General Electric Company
- Engie SA
- SOFREGAZ SAS
- Plum Energy LLC
- Excelerate Energy Inc.
- IHI Corporation
- PAO NOVATEK
- Gasum Ltd.
- Siemens Energy AG
- Chart Industries Inc.
- Air Products & Chemicals Inc.
- PJSC Gazprom
- Prometheus Energy s.r.o.
- TotalEnergies SE
- Shell PLC
- Black & Veatch Holding Company
- Anthony Veder Group NV
- Eni SpA
- Baker Hughes Company
- Evergas AS
- Stabilis Solutions Inc.
- Chevron Corporation
- Emerson Electric Co.
- ABB limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 19.99 Billion |
| Forecasted Market Value ( USD | $ 28.47 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
