Global Small Scale LNG Terminals Market Installed Capacity is anticipated to reach 102 MMTPA by 2022: Transparency Market Research
Transparency Market Research has released a new market report titled Small Scale LNG Terminals Market by Technology (Liquefaction and Regasification) and by Type (Onshore and Offshore) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 – 2022. According to this report, the global installed capacity for small scale LNG terminals stood nearly at 42 MMTPA in 2013 and is expected to reach around 102 MMTPA by 2022 at a CAGR of 10.4% from 2014 to 2022.
Browse the full Small Scale LNG Terminals Market Report: http://www.transparencymarketresearch.com/small-scale-lng-terminals-market.html
LNG is gradually emerging as one of the most preferred fuels globally and is being used by numerous end-user industries. Although large scale LNG terminals have been preferably constructed across the world till date, the emergence of small demand centers for natural gas within small geographies is gradually shifting the focus towards miniaturizing LNG infrastructure. The two primary forms of LNG infrastructure are liquefaction terminals and regasification terminals. With technological advancements, divergence of such liquefaction and regasification terminals on the basis of type has also been observed. Both these terminals can currently be located in both onshore as well as offshore areas. For this report, only terminals with tank sizes lesser than 200,000 cubic meters and throughputs lower than 300,000 tons per annum have been considered.
The demand for small scale LNG terminals to be expected globally within the forecast period has been taken as a function of various factors such as natural gas consumption and production, presence of stranded gas assets, demand from the industrial and power generation sectors, and growth and emergence of small scale inland demand centers. The weightage of these factors was analyzed on a regional as well as country level in order to arrive at the possible capacity additions that can be expected in the small scale LNG market within the forecast period. Regionally, Europe and Asia Pacific are likely to emerge as attractive markets for small scale LNG terminals within the forecast period. Countries such as China and Norway already have significantly developed small scale LNG infrastructures in place. Adoption of LNG as a fuel especially by the heavy duty vehicles segment is expected to be a major driver for small scale LNG terminal construction across geographies within the forecast period. Highly environment-conscious Europe and North America are expected to lead in the global market for small scale LNG terminals that are to be utilized for LNG bunkering in the future. The U.S. with its shale gas boom currently has a glut of natural gas supply in its domestic market duly complemented by low prices. Amidst such an economic scenario, the rate of adoption of natural gas as a fuel is likely to be accelerated in the region. This transition would be further supported by prominent market players such as Prometheus Energy who have built their business models around converting industries from using other conventional fossil fuels to natural gas.
Get the full Press Release of Scale LNG Terminals Market: http://www.transparencymarketresearch.com/pressrelease/small-scale-lng-terminals-market.htm
Within Asia Pacific, strong growth in capacity additions can be expected from both China and Indonesia. Indonesia’s recent focus on increasing domestic natural gas consumption coupled with its archipelagic structure makes it an excellent market for small scale regasification terminals within the forecast period. Significant expertise in the construction and deployment of small scale LNG infrastructure amongst existing market players, especially those based in Norway, are likely to ensure smooth project development activities in the future. The small scale LNG market might witness numerous M&A activities in the future with technological expertise and project management competency being critical USPs for market incumbents. Other market niches such as converting fossil fuel users to LNG fuel and natural gas powered drilling are also likely to generate strong demand for small scale LNG infrastructure within the forecast period. The global market for small scale LNG terminals has been segmented as follows:
LNG Terminal Market: Technology Analysis
o Liquefaction Terminals, by Type
o Regasification Terminals, by Type
LNG Terminal Market: Regional Analysis
o North America
o Rest of North America
o Rest of Europe
o Asia Pacific
o Rest of Asia Pacific
o South America
o Rest of South America
o Middle East & Africa
o Rest of Middle East and Africa
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Mr. Nachiket Ghumare
90 State Street Suite 700
Albany NY 12207
USA - Canada Toll Free: 866-552-3453