Order Now
Order Now
Order Now
Visit MCG's Reports' Library
Request a Free Report Sample
Buy It Now
Buy It Now
Buy It Now
 
 
 
Report Snapshots
Floating Storage and Regasification Unit (FSRU) Market- Opportunity & Forecast, 2027

Global Floating Storage and Regasification Unit (FSRU) Market Size By Storage (Large, Medium and Small), By Construction(Newly built, Converted), By End Users(Power Generation, Industrials and Others), Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Analysis, Opportunities & Forecast, 2027

Market Overview

Global Floating Storage and Regasification Unit (FSRU) Market are expected to grow with a CAGR over 9.5% during the forecasted period 2020-27 owing to the increasing demand for natural gas. Global Floating Storage and Regasification Units refers to a special type of ship used to transfer liquefied natural gas(LNG). Transporting LNG is not as easy as it requires being in a semi-cool state while transferring and needs to be converted back to gas state after transferring.  Any mishandling results in a serious loss of precious marine lives and fuel. It is very harmful to the environment and therefore it has to be transported with safety requirements. FSRU are convenient and can make natural gas available to the market faster than any land-based units.

As the world is moving towards alternate energy and there is an increasing effort to reduce coal, LNG is beginning to gain importance in the energy market. Moreover, LNG is the least harmful gas and it is increasingly used by major countries to diversify their energy mix.

Major LNG projects in countries such as the US, Russia are expected to successfully operate in the next few years is likely to steer the FSRU market.

The increasing demand for natural gas production, commercial flexibility, rising automotive sector, low cost and time-saving at the time of construction are the key drivers of growth of the Global FSRU market. Moreover, FSRU gaining prominence in countries where there are land constraints for constructing any stationary offshore regasification facilities. Also, it takes years to build and operate such facilities. FSRU is, therefore, a viable option for transiting and transferring LNG.

However, there is a high risk of environmental hazards and risks related to the high pressure of FSRU's operation that does not happen in the case of conventional LNG carriers. Fluctuating energy prices, government policies, and shipping rates are some of the factors hindering the FSRU market.

Market Segmentation

Global Floating Storage and Regasification Unit (FSRU) market can be segmented based on Storage, Construction, End Users and Region.

By Storage, the FSRU market can be divided into Large, Medium and Small. Large-sized FSRU is likely to grow significantly during the forecasted period of 2020-27.

By Construction, the FSRU market can be divided into Newly built and Converted. The newly built FSRU market is expected to lead the market in the forecasted period of 2020-27 due to its large storage capacity.

By End Users, FSRU market can be classified into Power Generation, Industrials and Others. Power generation is holding the largest market share and it is expected to dominate the FSRU market in the forecasted period 2020-27 due to increasing efforts in replacing coal in energy mix.

By Region, FSRU market can be divided into North America, Europe, Asia Pacific, Middle East, and Latin America.

Regional Analysis

Asia-Pacific Floating Storage and Regasification Unit (FSRU) market are expected to dominate in the forecasted period 2020-27 due to the increasing demand for LNG and the rising need for gas and power conversion units. Moreover increasing investments in FSRU and lower cost of renewable energy is propelling Asian countries like Bangladesh and India to expanding their Floating Storing and Regasification units.

Middle-east FSRU market is expected to grow significantly in the forecasted period of 2020-27 due to the abundant availability of LNG for production and it is a major supplier to the world.

Competitor Analysis

The major players in Global Floating Storage and Regasification are Teekay Lng Partners, Bumi Armada, Mitsui O.S.K. Lines, Offshore LNG Toscana SpA, Maran Gas Maritime Inc., Exmar, Gazprom FLEX LNG, BW gas, Golar LNG, Hoegh LNG, Excelerate Energy and Other Market Players.

Quantity
-
+
USD $ 4,500.00

Quantitative IntelligenceTM  

Price: USD $2,500

"FORECAST INTELLIGENCE"

For an Immidiate Free Consultation

Call Us: +91-98110 25630

info@masterfoxconsultinggroup.com

For an Immidiate Free Consultation

Call Us: +91-98110 25630

info@masterfoxconsultinggroup.com

For an Immidiate Free Consultation

Call Us: +91-98110 25630

info@masterfoxconsultinggroup.com

Contact Us for Any Report's Topic which You are Looking For

Handpicked Topics 

Master REPORTTM 

Price: USD $4,500

Related Reports

Extra Facilities You will get by Partnering with Us

CUSTOMIZATION 

On demand customization of 

scope of the report to meet 

you exact needs

TARGETED MARKET VIEW

Targeted market view to provide 

partinent information and save 

time of readers

ANALYST SUPPORT

Lifetime Client Support from our 

Analyst to get you complete satisfaction 

Qualitative IntelligenceTM 

Price: USD $2,500

Clientele: Focused for those clients' who are looking for both the quantitative and qualitative analysis Oriented report of any market or business challenges. 

Contents:

  • Detailed Executive Summary
  • Market Insights 
    • Value Chain analysis
    • Market drivers, challenges, opportunity analysis
    • Competitive analysis
    • Porters & PESTEL analysis
    • Pricing Analysis
  • Market Size & Forecast
    • By Region
    • By Product segments
  • Market Share
    • By Company (Competitors)

Clientele: Focused for those clients' who are looking for Data Oriented report of any market or business challenges. 

Contents:

  • Detailed Executive Summary
  • Global Market Size & Forecast
    • By Value ($ Million)
    • By Volume (Units, Kg, etc.)
  • Regional Market & Forecast (North America, Europe, Asia Pacific, Middle East, Africa, Latin America)
    • By Respective Countries of those regions
  • Market Size & Forecast by product segments 
  • Market Share & Trends
    • By Company (Competitors)
    • By Regions
    • By Product Segments
  • Pricing Analysis
    • By Region

Clientele: Focused for those clients' who are looking for analysis Oriented report of any market or business challenges. 

Contents:

  • Detailed Executive Summary
  • Market Drivers, Challenges, Oppertunity analysis 
  • Value chain analysis 
  • Pricing Analysis
  • Competitive Analysis
  • Market Potential Analysis
  • Cost Structure Analysis
  • Patent Analysis
  • Growth Potential Analysis
  • Porter's 5 Forces Analysis 
  • PESTEL analysis 
  • Other analysis as per the client requirement

MCG research team found that there is a gap occurring between client and market research companies to deliver the actionable insights and consulting reports. The expectations of clients are increasing due to the complex business dynamics. Clients expect actionable insights from market research companies, which can help them take quick informed business decisions. Insightful strategic reports delivered within stipulated timelines are becoming an increasing challenge for market research companies globally. To overcome those challenges, MCG came up with an unique report model, which is a smart and clever business strategic product offering to present any kind of critical business challenges and market insights with an interesting and actionable way. Depending on client's specific requirements and their expections, MCG generates three unique kind of Industry Reports

Our Hand Picked 

"Forecast Intelligence Report"

Qualitative IntelligenceTM 
              Price: $2,500   l
Quantitative IntelligenceTM 
              Price: $2,500  l
Master REPORTTM 
              Price: $4,500  l

Speak with an Analyst

 

 

 

Request us for the 

Table Of Content(ToC) / Queries

Why MCG's Report?

Product Offerings

WhatsApp:+91-9811025630
Cart