Small-scale liquefied natural gas (LNG) operations involve the production, storage, and regasification of LNG on a smaller scale compared to traditional large-scale export-oriented LNG projects. This approach has gained traction globally as a method of providing natural gas to areas without access to major gas pipelines. Currently, the small-scale LNG industry is experiencing growth, propelled by increasing global demand for cleaner fuel alternatives and efforts towards reducing carbon emissions. Looking ahead, the outlook for small-scale LNG is promising, with several factors driving its expansion. Advances in technology are making small-scale LNG infrastructure more accessible and cost-effective, enabling its implementation in markets that were previously underserved.
Moreover, regulatory initiatives aimed at promoting cleaner energy sources are creating a conducive environment for its expansion. Additionally, the versatility of LNG as a portable fuel is attracting investments across various sectors, including transportation and industrial applications, thereby strengthening its adoption. With these trends expected to continue, Small Scale-LNG is positioned to play an increasingly pivotal role in shaping the future energy landscape, offering sustainable solutions to meet the growing global energy demand while mitigating carbon emissions. MarketsandMarkets 360 Quadrant has identified the “Top 19 Small-Scale LNG Companies, Worldwide 2024,” recognizing the most influential players such as Baker Hughes, Black & Veatch, Snam, and Nikkiso, that are propelling this space forward.
Access Research Report @ https://www.360quadrants.com/chemicals/small-scale-lng
The 360 Quadrant maps the Small-Scale LNG Companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Small-Scale LNG quadrant. While the top criteria for product footprint evaluation included Type (Liquefaction, Regasification), Application (Heavy-Duty Vehicles, Marine Transport, Industrial & Power, Others), Mode of supply (Trucks, Trans-Shipment & Bunkering, Others).
Baker Hughes, Black & Veatch, Snam, and Nikkiso– The Leaders Explained
Ø Baker Hughes, a leading energy technology company, has been recognized as one of the top 19 small-scale LNG companies worldwide by MarketsandMarkets 360 Quadrant. It boasts an impressive portfolio within its Industrial & Energy Technology (IET) segment, renowned for its expertise in designing, manufacturing, testing, and installing Gas Technology solutions across the entire gas value chain, including on/offshore, pipeline, LNG, gas storage, and gas distribution. Among its offerings, the Module solutions for LNG stand out, featuring innovative products such as NMBL - LNG ready to go, Centrifugal compressors, LM9000 gas turbine, and LM6000-PF+ gas turbine. Notably, the NMBL – LNG ready to go module presents a compact liquefaction solution with customizable capacity (ranging from 0.8 up to 1.5 MTPA), allowing for incremental expansion while managing financial risks. Tailored for applications spanning onshore and offshore LNG, small to medium scale resources, and remote locations, this solution underscores Baker Hughes' commitment to providing versatile and efficient LNG solutions to meet diverse industry needs.
Ø Black & Veatch, a leading employee-owned engineering and construction firm, has been recognized as one of the "Top 19 Small-Scale LNG Companies, Worldwide 2024." This highlights Black & Veatch's forward-thinking approach and impactful contributions to advancing small-scale LNG solutions globally. The company is renowned for its century-
long legacy of innovative sustainable infrastructure solutions, delivering small-scale LNG solutions through a comprehensive approach. By collaborating with Honeywell UOP, Black & Veatch offers Small Scale PRICO LNG, an ideal process for peak shaving, vehicle and industrial fueling, baseload export, and offshore applications. Additionally, the company provides Mid-Scale LNG and Floating LNG solutions, further expanding its comprehensive offerings in the LNG sector. Leveraging its PRICO in the 10-40 MMSCFD range and employing modularly designed and constructed projects with truck-transportable skids or pre-fabricated piping sections featuring high concentrations of valving and instrumentation, the company ensures efficient and competitively priced projects facilitated by standardized components and strategic supplier relationships.
Ø Snam, an Italian energy infrastructure company, specializes in the transportation, storage, and regasification of natural gas, with a keen focus on implementing national Small Scale LNG infrastructure projects to enhance the distribution network and promote sustainable transport and off-grid applications. It has been recognized as an innovator in the "Top 19 Small-Scale LNG Companies, Worldwide 2024" by MarketsandMarkets 360 Quadrant. This recognition highlights Snam's exceptional contributions and forward-thinking approach within the global small-scale LNG sector. Through its subsidiaries Gnl Italia and Snam FSRU Italia, Snam manages liquefied natural gas regasification plants, driving the development of Small Scale LNG by facilitating services such as Microliquefaction, offering LNG and Bio LNG from Greenture liquefaction plants connected to the gas transportation network, and Truck Loading and Vessel Reloading, involving the adaptation and commercial management of existing LNG assets to provide Small Scale LNG services.
Ø Nikkiso has been recognized as an innovator in the "Top 19 Small-Scale LNG Companies, Worldwide 2024" by MarketsandMarkets 360 Quadrant. This recognition underscores Nikkiso's outstanding contributions and forward-thinking approach within the global small-scale LNG sector. As a frontrunner in small to medium-scale LNG liquefaction technology and processes, Nikkiso SSLNG plants are renowned for delivering pure, high-quality liquid natural gas. The company's systems are thoroughly developed using top-tier components, ensuring optimal performance, durability, and reliability. Nikkiso offers two distinct series of SSLNG plants: the efficient LINEX Series liquefiers, featuring a self-refrigerated closed-loop system, and the cost-effective LINEX-OL Series, utilizing liquid nitrogen-assist in an open-loop configuration. Complementing its SSLNG plants is the LINEX BOG liquefier, designed to reliquefy boil-off gas from any LNG storage tank or cryogenic liquids, further enhancing its comprehensive offerings in the LNG sector.
Baker Hughes, Black & Veatch, Snam, and Nikkiso, as pioneers in their industry, distinguish themselves through their exceptional product development and unique offerings, disrupting conventional norms with cutting-edge solutions. Despite not commanding the same market share as industry giants, they showcase forward-looking strategies that push the boundaries of what's achievable in the sector, indicating their potential to emerge as key players despite pursuing more measured growth strategies.
These companies emerge as influential leaders shaping the trajectory of the small-scale LNG industry, their commitment to innovation and cutting-edge research and development solidifying their positions as frontrunners driving progress in the sector. Each company capitalizes on unique capabilities, propelling them to the forefront of the industry and offering tailored solutions to meet diverse customer needs, thereby positively impacting the entire small-scale LNG ecosystem. Their prominence reflects a blend of technical expertise with strategic foresight, positioning them as pivotal influencers driving advancements in global technology and expansion. As essential
contributors to the industry's evolution, these companies play crucial roles in charting new frontiers and realizing the vast potential of the dynamic and transformative small-scale LNG domain.
Request Your Free Marketing Kit @ https://www.360quadrants.com/chemicals/small-scale-lng
360 Quadrants Scoring Methodology
360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate Manufacturers. It identifies relevant evaluation criteria, collects, and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Manufacturers. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B Manufacturers - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research and facilitates analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
360 Quadrants will also be launching 100 quadrants in Chemicals and Materials, Packaging, Energy & Power, and Healthcare. Visit https://www.360quadrants.com to access our interactive quadrants.
For media inquiries, please contact:
Mr. Agney Sugla
MarketsandMarkets™ INC.
630 Dundee Road, Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
