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Global small scale LNG market – competition forecast & opportunities (2012 – 2026)

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LNG Industry,

The global small scale LNG (SSLNG) market stood at US$25.7 billion in 2016, and the market is projected to reach US$51.9 billion by 2026.

Globally, growing demand for SSLNG from remote areas, especially for power generation, is one of the major factors driving the global small scale LNG market. Other factors such as increasing inclination towards greener and cleaner fuel coupled with low prices of natural gas are also aiding global small-scale LNG market.

According to "Global Small Scale LNG (SSLNG) Market By Application, By Mode of Supply, By Region, By OEM Company, By Marketing Company, Competition Forecast & Opportunities, 2012 – 2026" global SSLNG market is exhibiting the market growth over 6% CAGR during forecast period. Fluctuations in crude oil prices are further expected to encourage customers across the globe to opt for small scale LNG over diesel, furnace oil or coal in the coming years.

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