Press release
Floating Storage and Regasification Unit (FSRU) Market New Tech Developments and Growth by Leading International Top Key Players: Excelerate Energy , Hoegh LNG , Golar LNG , BW gas , Gazprom FLEX LNG
Floating Storage and Regasification Unit (FSRU) Market – OverviewThe CNG and LNG markets are evolving because of their low cost, low carbon emission, and easy transportation facilities. The factors driving the FSRU market growth are their mobility, technology feasibility, flexibility, and availability. Service providers from various ventures have highly appreciated this trade due to the above-mentioned reasons.
In terms of cost, the total capital cost of FSRU terminal consists of three major components, namely FSRU vessel, owner’s cost, and infrastructure cost whereas, the cost may be fluctuating according to service providers, client requirement, and specificity of location.
As per the estimation, the global FSRU market is expected to increase from 85 MTPA in 2018 to 230 MTPA in 2023, at a CAGR of approx. 13.88%, which is due to the increase in demand for natural gas.
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Global Market Floating Storage and Regasification Unit (FSRU) –
Competitive Dashboard
• Excelerate Energy
• Hoegh LNG
• Golar LNG
• BW gas
• Gazprom FLEX LNG
• Exmar
• Maran Gas Maritime Inc.
• Offshore LNG Toscana SpA
• Mitsui O.S.K. Lines
• Bumi Armada
• Teekay Lng Partners, L.P.
Global FSRU Market Analysis:-
In 2016, Asia Pacific contributed approx. 160 MTPA to the global market. Thus, it can be predicted that it will have further growth during the forecast period. This growth was for the easy availability, accessibility, and flexibility from the supply side of LNG because of FRSUs. The Middle East has the maximum number of FSRU across the world and possess reserves that can fulfill the demand for LNG across the world.
Scope of the Report:-
This report provides an in-depth analysis of the global FSRU market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia Pacific (APAC), Middle East, Africa and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the FSRU market by construction type, storage, application, and by region.
By Construction Type
• Newly Built
• Converted
By Storage
• Small
• Medium
• Large
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By Application
• Industrial
• Power Generation
• Others
By Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
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