Small-Scale LNG Market Seen Surging to $31.8 Billion by 2030, Report Finds

(P&GJ) — A new study from MarketsandMarkets forecasts that the global small-scale liquefied natural gas (LNG) market will grow from $22.14 billion in 2025 to $31.78 billion by 2030, a compound annual growth rate (CAGR) of 7.5%.

According to the 363-page report, titled “Small-Scale LNG Market by Type, Modes of Supply, Application and Region – Global Forecast to 2030,” demand is rising because small modular plants and truck or vessel deliveries can reach sites that lack pipeline access while reducing emissions.

“The small-scale LNG sector is expanding due to its benefits in comparison to large-scale LNG facilities, aiding in cost reduction, offering environmental advantages, benefiting from government subsidies, and responding to the growing demand for its applications in bunkering, road transport, and off-grid power,” the report notes.

Key Findings

  • Trans-shipment and bunkering is the fastest-growing supply segment as ports and island nations seek cleaner ship fuel and flexible deliveries.
  • Heavy-duty vehicles represent the largest end-use market, with more trucks and buses switching from diesel to LNG for lower fuel costs and emissions.
  • The Asia-Pacific region is expected to post the quickest growth as countries such as China, India and Indonesia deploy small LNG plants and coastal shipping to serve remote areas.

Competitive Landscape

The report profiles major suppliers including Linde, Wärtsilä, Honeywell, Shell, TotalEnergies, ENGIE, Chart Industries, Gasum, Sofregaz and Excelerate Energy.

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