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,)
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 authorities 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
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.
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
Key Inclusions
