Transparency Market Research has published a new report "Small Scale LNG Terminals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022" to its report store.

Albany, NY -- (SBWire) -- 09/16/2016 --The small scale LNG terminals market is poised to be proliferated by top hydrocarbon companies. In addition, a number of bunkering companies such as Skangass AS, etc. have also been actively investing in this market. Top upstream companies such as Royal Dutch Shell plc. coupled with energy infrastructure development players are taking efforts for the construction of small-scale LNG terminals in the coming years. Furthermore, large players having physical assets are gaining more advantage in the market as compared to those lacking the same, Transparency Market Research (TMR) finds in the new study.

The global small scale LNG terminals market was valued at 50.47 MMTPA in 2015 and is predicted to touch 102.44 MMTPA by 2022. In terms of type, primary development is being witnessed by the segment of onshore only. However, owing to the increasing deployment of a number of small gas fields by numerous hydrocarbon companies, the offshore segments may also gain demand in the coming years.

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Small-Scale Onshore Liquefaction Terminals to Gain Huge Demand

The small-scale onshore liquefaction terminals led the market in the past, however this segment is expected to lose a small amount of its share by 2022. Nevertheless, this segment will gain the maximum demand all through the forecast period. This is owing to the increasing deployment of these terminals in the supply of LNG bunkering facilities and urban transportation networks. On the other hand, the segment of offshore small-scale regasification terminals has gained immense impetus in 2015 and is predicted to take a share of 9.70% by 2022.

Asia Pacific is poised to gain a dominant share in the market for small scale LNG terminals by 2022 and will be trailed by North America, constituting the second-largest share in the market. Asia Pacific is predicted to touch 24.42 MMTPA by 2022. On the other hand, a meagre market share will be taken by both the Middle East and Africa and South America regions.

Increasing Requirement for Natural Gas to Fuel Demand for Small Scale LNG Terminals

There is an increasing demand for LNG owing to eco-friendly nature of natural gas in comparison with other fossil fuel sources. This will fuel the growth of the overall small scale LNG terminals market. "The rising investments in the manufacturing of small gas fields will also provide impetus to the growth of this market," says a TMR analyst. Hence, a number of owners of large long haul vehicle fleet have adopted LNG as a substitute fuel source, thus boosting the growth of the overall small scale LNF terminals.

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On the other hand, factors such as absence of continuous demand from end-use segments and issues in infrastructure development may impede the growth of the overall market. In addition, the count of companies involved in the small scale LNG terminals' construction is low, thus posing a negative impact on the development of this market, states a TMR analyst. Furthermore, the demand for LNG in the segment of land transit, particularly trucks, is wavering in Asia Pacific, which is a key LNG importer globally. This will also negatively impact the development of the overall small scale LNG terminals market in the coming years.

Nevertheless, , the concept of small-scale LNG terminals has come up as an apt solution in order to make natural gas easily available to a number of end-use segments, which aren't presently joint to pipeline networks. This has emerged as a key opportunity in the overall market.

The small scale LNG terminals market is segmented as follows:

Type

Liquefaction Terminals, type

Onshore
Offshore

Regasification Terminals, type

Onshore
Offshore

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