This report describes and explains the small scale LNG liquefaction technology and services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global small scale LNG liquefaction technology and services market reached a value of nearly $10.48 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.69% since 2019. The market is expected to grow from $10.48 billion in 2024 to $20.47 billion in 2029 at a rate of 14.33%. The market is then expected to grow at a CAGR of 13.61% from 2029 and reach $38.76 billion in 2034.
Growth in the historic period resulted from the rise in energy demand, environmental concerns and sustainability goals, rise in demand for natural gas as a cleaner fuel and growth in remote and off-grid power generation. Factors that negatively affected growth in the historic period were high initial investment costs and technical challenges in small-scale liquefaction.
Going forward, the rising need for decentralized energy solutions, increasing focus on reducing methane emissions, rising energy security concerns, rising demand for cleaner energy solutions and rising investments in small-scale LNG projects will drive the growth. Factor that could hinder the growth of the small scale LNG liquefaction technology and services market in the future include fluctuations in natural gas prices and competition from alternative energy sources.
Asia-Pacific was the largest region in the small scale LNG liquefaction technology and services market, accounting for 37.49% or $3.92 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the small scale LNG liquefaction technology and services market will be Asia-Pacific and North America where growth will be at CAGRs of 17.40% and 14.54% respectively. These will be followed by Africa and Middle East where the markets are expected to grow at CAGRs of 13.64% and 12.37% respectively.
The global small scale LNG liquefaction technology and services market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 57.91% of the total market in 2023. Linde plc was the largest competitor with a 10.78% share of the market, followed by Air Products & Chemicals Inc. (APCI) with 10.58%, Honeywell International Inc with 8.19%, Black & Veatch Corp with 7.71%, Chart Industries Inc with 7.33%, Chiyoda Corporation with 4.18%, Wärtsilä Oyj Abp with 3.11%, Nikkiso Co. Ltd with 2.57%, Royal Dutch Shell with 2.06% and Saipem S.p.A with 1.41%.
The small scale LNG liquefaction technology and services market is segmented by type into technology and services. The technology market was the largest segment of the small scale LNG liquefaction technology and services market segmented by type, accounting for 66.13% or $6.93 billion of the total in 2024. Going forward, the technology segment is expected to be the fastest growing segment in the small scale LNG liquefaction technology and services market segmented by type, at a CAGR of 14.78% during 2024-2029.
The small scale LNG liquefaction technology and services market is segmented by size of liquefaction plant into micro (up to 0.05 MTPA), small (0.05-0.2 MTPA), intermediate (0.2-0.5 MTPA) and upper-intermediate (0.5-1 MTPA). The small (0.05-0.2 MTPA) market was the largest segment of the small scale LNG liquefaction technology and services market segmented by size of liquefaction plant, accounting for 35.26% or $3.69 billion of the total in 2024. Going forward, the small (0.05-0.2 MTPA) segment is expected to be the fastest growing segment in the small scale LNG liquefaction technology and services market segmented by size of liquefaction plant, at a CAGR of 14.91% during 2024-2029.
The small scale LNG liquefaction technology and services market is segmented by size of liquefaction per train into up to 0.1 MTPA per train, above 0.1 - 0.5 MTPA per train, above 0.5 - 1 MTPA per train and 1 MTPA per train. The above 0.1 - 0.5 MTPA per train market was the largest segment of the small scale LNG liquefaction technology and services market segmented by size of liquefaction per train, accounting for 40.51% or $4.24 billion of the total in 2024.
The small scale LNG liquefaction technology and services market is segmented by application into industrial, transportation, utilities, marine and other applications. The industrial market was the largest segment of the small scale LNG liquefaction technology and services market segmented by application, accounting for 40.42% or $4.23 billion of the total in 2024. Going forward, the marine segment is expected to be the fastest growing segment in the small scale LNG liquefaction technology and services market segmented by application, at a CAGR of 16.07% during 2024-2029.
The small scale LNG liquefaction technology and services market is segmented by technology type into liquefaction equipment, liquefaction process solutions, storage solutions, transportation solutions and automation and control systems. The liquefaction equipment market was the largest segment of the small scale LNG liquefaction technology and services market segmented by technology type, accounting for 37.15% or $3.89 billion of the total in 2024. Going forward, the liquefaction process solutions segment is expected to be the fastest growing segment in the small scale LNG liquefaction technology and services market segmented by technology type, at a CAGR of 15.45% during 2024-2029.
The small scale LNG liquefaction technology and services market is segmented by service type into operations and maintenance services, technical consulting, feasibility studies and other related services. The operations and maintenance services market was the largest segment of the small scale LNG liquefaction technology and services market segmented by service type, accounting for 50.43% or $5.28 billion of the total in 2024. Going forward, the operations and maintenance services segment is expected to be the fastest growing segment in the small scale LNG liquefaction technology and services market segmented by service type, at a CAGR of 15.14% during 2024-2029.
The top opportunities in the small scale LNG liquefaction technology and services market segmented by type will arise in the technology segment, which will gain $6.87 billion of global annual sales by 2029. The top opportunities in the small scale LNG liquefaction technology and services market segmented by size of liquefaction per train will arise in the above 0.1 - 0.5 MTPA per train segment, which will gain $4.53 billion of global annual sales by 2029. The top opportunities in the small scale LNG liquefaction technology and services market segmented by size of liquefaction plant will arise in the small (0.05-0.2 MTPA) segment, which will gain $3.71 billion of global annual sales by 2029. The top opportunities in the small scale LNG liquefaction technology and services market segmented by application will arise in the industrial segment, which will gain $4.1 billion of global annual sales by 2029. The top opportunities in the small scale LNG liquefaction technology and services market segmented by technology type will arise in the liquefaction equipment segment, which will gain $3.87 billion of global annual sales by 2029. The top opportunities in the small scale LNG liquefaction technology and services market segmented by service type will arise in the operations & maintenance services segment, which will gain $5.41 billion of global annual sales by 2029. The small scale LNG liquefaction technology and services market size will gain the most in China at $3.06 billion.
Market-trend-based strategies for the small scale LNG liquefaction technology and services market include focus on innovative bio-LNG solutions driving sustainable fuel production and energy, focus on strategic partnership advancing sustainable energy solutions in LNG and gas, focus on strategic collaboration to develop micro-scale liquefiers for sustainable energy and focus on off-grid LNG liquefaction system supports sustainable energy solutions in remote areas.
Player-adopted strategies in the small scale LNG liquefaction technology and services market include focus on expanding business capabilities through strategic acquisition.
To take advantage of the opportunities, the analyst recommends the small scale LNG liquefaction technology and services market to focus on sustainable bio-lng production systems to strengthen regional energy solutions, focus on expanding off-grid lng solutions in remote markets, focus on the technology segment to capture the highest growth potential, expand in emerging markets, continue to focus on developed markets, focus on expanding reach through strategic regional partnerships, focus on aligning pricing strategies with scalability and regional demand, focus on targeting energy transition narratives and industrial use cases, focus on leveraging partnerships with equipment suppliers and epc contractors, focus on targeting niche industrial end-users through skilled technical engagement.
The global small scale LNG liquefaction technology and services market reached a value of nearly $10.48 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.69% since 2019. The market is expected to grow from $10.48 billion in 2024 to $20.47 billion in 2029 at a rate of 14.33%. The market is then expected to grow at a CAGR of 13.61% from 2029 and reach $38.76 billion in 2034.
Growth in the historic period resulted from the rise in energy demand, environmental concerns and sustainability goals, rise in demand for natural gas as a cleaner fuel and growth in remote and off-grid power generation. Factors that negatively affected growth in the historic period were high initial investment costs and technical challenges in small-scale liquefaction.
Going forward, the rising need for decentralized energy solutions, increasing focus on reducing methane emissions, rising energy security concerns, rising demand for cleaner energy solutions and rising investments in small-scale LNG projects will drive the growth. Factor that could hinder the growth of the small scale LNG liquefaction technology and services market in the future include fluctuations in natural gas prices and competition from alternative energy sources.
Asia-Pacific was the largest region in the small scale LNG liquefaction technology and services market, accounting for 37.49% or $3.92 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the small scale LNG liquefaction technology and services market will be Asia-Pacific and North America where growth will be at CAGRs of 17.40% and 14.54% respectively. These will be followed by Africa and Middle East where the markets are expected to grow at CAGRs of 13.64% and 12.37% respectively.
The global small scale LNG liquefaction technology and services market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 57.91% of the total market in 2023. Linde plc was the largest competitor with a 10.78% share of the market, followed by Air Products & Chemicals Inc. (APCI) with 10.58%, Honeywell International Inc with 8.19%, Black & Veatch Corp with 7.71%, Chart Industries Inc with 7.33%, Chiyoda Corporation with 4.18%, Wärtsilä Oyj Abp with 3.11%, Nikkiso Co. Ltd with 2.57%, Royal Dutch Shell with 2.06% and Saipem S.p.A with 1.41%.
The small scale LNG liquefaction technology and services market is segmented by type into technology and services. The technology market was the largest segment of the small scale LNG liquefaction technology and services market segmented by type, accounting for 66.13% or $6.93 billion of the total in 2024. Going forward, the technology segment is expected to be the fastest growing segment in the small scale LNG liquefaction technology and services market segmented by type, at a CAGR of 14.78% during 2024-2029.
The small scale LNG liquefaction technology and services market is segmented by size of liquefaction plant into micro (up to 0.05 MTPA), small (0.05-0.2 MTPA), intermediate (0.2-0.5 MTPA) and upper-intermediate (0.5-1 MTPA). The small (0.05-0.2 MTPA) market was the largest segment of the small scale LNG liquefaction technology and services market segmented by size of liquefaction plant, accounting for 35.26% or $3.69 billion of the total in 2024. Going forward, the small (0.05-0.2 MTPA) segment is expected to be the fastest growing segment in the small scale LNG liquefaction technology and services market segmented by size of liquefaction plant, at a CAGR of 14.91% during 2024-2029.
The small scale LNG liquefaction technology and services market is segmented by size of liquefaction per train into up to 0.1 MTPA per train, above 0.1 - 0.5 MTPA per train, above 0.5 - 1 MTPA per train and 1 MTPA per train. The above 0.1 - 0.5 MTPA per train market was the largest segment of the small scale LNG liquefaction technology and services market segmented by size of liquefaction per train, accounting for 40.51% or $4.24 billion of the total in 2024.
The small scale LNG liquefaction technology and services market is segmented by application into industrial, transportation, utilities, marine and other applications. The industrial market was the largest segment of the small scale LNG liquefaction technology and services market segmented by application, accounting for 40.42% or $4.23 billion of the total in 2024. Going forward, the marine segment is expected to be the fastest growing segment in the small scale LNG liquefaction technology and services market segmented by application, at a CAGR of 16.07% during 2024-2029.
The small scale LNG liquefaction technology and services market is segmented by technology type into liquefaction equipment, liquefaction process solutions, storage solutions, transportation solutions and automation and control systems. The liquefaction equipment market was the largest segment of the small scale LNG liquefaction technology and services market segmented by technology type, accounting for 37.15% or $3.89 billion of the total in 2024. Going forward, the liquefaction process solutions segment is expected to be the fastest growing segment in the small scale LNG liquefaction technology and services market segmented by technology type, at a CAGR of 15.45% during 2024-2029.
The small scale LNG liquefaction technology and services market is segmented by service type into operations and maintenance services, technical consulting, feasibility studies and other related services. The operations and maintenance services market was the largest segment of the small scale LNG liquefaction technology and services market segmented by service type, accounting for 50.43% or $5.28 billion of the total in 2024. Going forward, the operations and maintenance services segment is expected to be the fastest growing segment in the small scale LNG liquefaction technology and services market segmented by service type, at a CAGR of 15.14% during 2024-2029.
The top opportunities in the small scale LNG liquefaction technology and services market segmented by type will arise in the technology segment, which will gain $6.87 billion of global annual sales by 2029. The top opportunities in the small scale LNG liquefaction technology and services market segmented by size of liquefaction per train will arise in the above 0.1 - 0.5 MTPA per train segment, which will gain $4.53 billion of global annual sales by 2029. The top opportunities in the small scale LNG liquefaction technology and services market segmented by size of liquefaction plant will arise in the small (0.05-0.2 MTPA) segment, which will gain $3.71 billion of global annual sales by 2029. The top opportunities in the small scale LNG liquefaction technology and services market segmented by application will arise in the industrial segment, which will gain $4.1 billion of global annual sales by 2029. The top opportunities in the small scale LNG liquefaction technology and services market segmented by technology type will arise in the liquefaction equipment segment, which will gain $3.87 billion of global annual sales by 2029. The top opportunities in the small scale LNG liquefaction technology and services market segmented by service type will arise in the operations & maintenance services segment, which will gain $5.41 billion of global annual sales by 2029. The small scale LNG liquefaction technology and services market size will gain the most in China at $3.06 billion.
Market-trend-based strategies for the small scale LNG liquefaction technology and services market include focus on innovative bio-LNG solutions driving sustainable fuel production and energy, focus on strategic partnership advancing sustainable energy solutions in LNG and gas, focus on strategic collaboration to develop micro-scale liquefiers for sustainable energy and focus on off-grid LNG liquefaction system supports sustainable energy solutions in remote areas.
Player-adopted strategies in the small scale LNG liquefaction technology and services market include focus on expanding business capabilities through strategic acquisition.
To take advantage of the opportunities, the analyst recommends the small scale LNG liquefaction technology and services market to focus on sustainable bio-lng production systems to strengthen regional energy solutions, focus on expanding off-grid lng solutions in remote markets, focus on the technology segment to capture the highest growth potential, expand in emerging markets, continue to focus on developed markets, focus on expanding reach through strategic regional partnerships, focus on aligning pricing strategies with scalability and regional demand, focus on targeting energy transition narratives and industrial use cases, focus on leveraging partnerships with equipment suppliers and epc contractors, focus on targeting niche industrial end-users through skilled technical engagement.
Executive Summary
Small Scale LNG Liquefaction Technology and Services Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global small scale LNG liquefaction technology and services market as it emerges from the COVID-19 shut down.Reasons to Purchase
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Description
Where is the largest and fastest-growing market for small scale LNG liquefaction technology and services? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The small scale LNG liquefaction technology and services market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider small scale LNG liquefaction technology and services market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by size of liquefaction per train, size of liquefaction plant, by application, by technology type and by service type.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis and Strategic Analysis Framework - Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size and Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by size of liquefaction per train, size of liquefaction plant, by application, by technology type and by service type in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments - Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations- This section includes recommendations for small scale LNG liquefaction technology and service providers in terms of product/service offerings geographic expansion, marketing strategies and target groups. in a line by line--remove space and bullot points.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
1) by Type: Technology; Services
2) by Size of Liquefaction Per Train: 0.1 MTPA Per Train; Above 0.1 - 0.5 MTPA Per Train; Above 0.5 - 1.0 MTPA Per Train; 1.0 MTPA Per Train
3) by Size of Liquefaction Plant: Micro (Up to 0.05 MTPA); Small (0.05-0.2 MTPA); Intermediate (0.2-0.5 MTPA); Upper-Intermediate (0.5-1.0 MTPA)
4) by Application: Industrial; Transportation; Utilities; Marine; Other Applications
5) by Technology Type: Liquefaction Equipment; Liquefaction Process Solutions; Storage Solutions; Transportation Solutions; Automation and Control Systems
6) by Service Type: Operations and Maintenance Services; Technical Consulting; Feasibility Studies; Other Related Services
Key Companies Profiled: Linde plc; Air Products & Chemicals Inc. (APCI); Honeywell International Inc.; Black & Veatch Corp.; Chart Industries Inc.
Countries: Australia; China; Indonesia; Japan; USA; Canada; Mexico; Russia Oman; Nigeria
Regions: Asia-Pacific; North America; South America; Western Europe; Eastern Europe; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; small scale LNG liquefaction technology and services indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The companies featured in this Small Scale LNG Liquefaction Technology and Services market report include:- Linde plc
- Air Products & Chemicals Inc. (APCI)
- Honeywell International Inc.
- Black & Veatch Corp.
- Chart Industries Inc.
- Chiyoda Corporation
- Wärtsilä Oyj Abp
- Nikkiso Co. Ltd.
- Royal Dutch Shell
- Saipem S.p.A
- Kleenheat Gas
- GAIL (India) Limited
- Technip Energies
- Fabrum
- Tianjin Sinogas Repower Energy Co., Ltd.
- Sichuan Rongteng Automation Equipment Co., Ltd.
- Ningxia Hanas LNG Co., Ltd.
- Shanghai Lianfeng Gas Co., Ltd.
- ENN Energy Holdings Limited
- Guanghui Energy Co., Ltd.
- KEYS Bunkering West Japan Corporation (KEYS)
- Gas Entec
- ENCH Group
- KN Energies
- RUHE Biogas Service GmbH
- Axpo
- Elengy
- Cryogenic Container Solutions B.V.
- Gazprom
- Novatek
- Chart Ferox
- Eesti Gaas
- Honeywell International Inc. (USA)
- CNX Resources Corp
- NuBlu Energy
- Cryopeak LNG Solutions (Canada)
- Canada LNG Group (Canada)
- Distributed Gas Solutions Canada (DGSC) (Canada)
- Top Speed Energy Canada Holding Ltd. (Canada)
- Stolt LNGaz Ltd. (Canada)
- Pampa Energía (Argentina)
- Eneva
- Copergás
- Fulcrum LNG
- QatarEnergy (Qatar)
- Abu Dhabi National Oil Company (ADNOC) (UAE)
- Karpowership International
- ENN Natural Gas Pte Ltd
- Saudi Aramco (Saudi Arabia)
- Unigaz Group
- Galileo Global Technologies Ltd
- AG&P (Atlantic Gulf & Pacific Company) (UAE)
- Oman LNG (Oman)
- Renergen Limited (South Africa)
- OneLng (South Africa)
- Nigerian National Petroleum Company (NNPC) Limited
- GL Africa Energy (South Africa)
- UTM Offshore Limited (Nigeria)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 576 |
| Published | April 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 10.48 Billion |
| Forecasted Market Value ( USD | $ 38.76 Billion |
| Compound Annual Growth Rate | 14.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 58 |
