This report provides exclusive insights into the COVID-19 impact on the Small Scale LNG Terminals Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Small Scale LNG Terminals Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Small Scale LNG Terminals Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on a small scale
LNG terminals market provides in-depth analysis of segments and sub-segments in
the global as well as regional small scale LNG terminals market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional small scale LNG terminals market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global small scale LNG terminals market.
According to the report, the global small scale LNG terminals market is
projected to grow at a healthy CAGR over the forecast period of 2019-2025.
In recent years, a smaller scale LNG facility has developed. New
liquefaction and distribution facilities are being created and operated across
the world. Presently, the global small-scale LNG (SSLNG) installed production
capacity is of 20 mtpa spread around more than hundred SSLNG facilities. This
is on top of the installed capacity for conventional LNG plants of around 300
mtpa. The small scale LNG terminals market is emerging rapidly, particularly as
a transportation fuel and to serve end users in remote areas or not connected
to the main pipeline infrastructure.
The energy cost advantage of LNG over alternate energy sources for
end users is the major driving factor of the small scale LNG terminals market.
The small scale LNG significantly lowers emissions as compared to other fossil
fuels due to its clean burning nature. Furthermore, factors such as
environmental benefits and fiscal regime and subsidies are also driving the
growth of the market. Additionally, the rising demand for liquefied natural gas
(LNG) for the use in electric power generation plants and global
commoditization of liquefied natural gas (LNG) are some driving factors of the
small scale LNG terminals market. However, limited receiving terminal
infrastructure in the Asia-Pacific region restrain the growth of the market.
Moreover, the use of small scale LNG terminals in transport and power
generation applications are expected to provide growth opportunities to the
Geographically, Asia-Pacific and Europe have a large market share
of the small scale LNG terminals market. The Asia-Pacific region is growing due
to the rising demand for small-scale LNG for use in heavy-duty vehicles and
electric power generation. The demand for small scale LNG is increasing due to
the easy availability of LNG, the growing adoption of LNG for electricity
generation, and low trade prices LNG in this region. Europe is the second
largest market of small scale LNG terminals owing to strict regulations on the
marine sector and huge subsidies on the use of LNG in this region. Despite
continual low oil prices and market uncertainty, there has been significant
growth in small-scale LNG projects in this region.
The report on global small scale LNG terminals market covers
segments such as terminal type, and applications. On the basis of terminal
type, the sub-markets include liquefaction terminal, and regasification
terminal. On the basis of applications, the sub-markets include heavy-duty
vehicles, marine transport, and industrial & power.
The report provides profiles of the companies in the market such
as General Electric Company, The Linde Group, Honeywell International Inc.,
Chart Industries Inc., Engie SA, Wartsila Oyj Abp, Gazprom PAO, Black &
Veatch Corp., Anthony Veder Group N.V., I.M. Skaugen A/S, and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of small scale LNG
terminals market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.