Press release
Floating liquefied natural gas Market Will Hit Big Revenues in Future | ABB, BASF SE, Shell
Floating liquefied natural gas Market
Some of the key players profiled in the study are:
ABB Ltd., Woodside Energy Group Ltd, Petroliam Nasional Berhad (PETRONAS), EXMAR, Hoegh LNG, Shell plc, Excelerate Energy Inc., BASF SE, Golar LNG Limited, Mitsui O.S.K.Lines, Eni S.p.A.
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Scope of the Report of Floating liquefied natural gas
The size of the Floating liquefied natural gas Market was valued at USD 12.5 Billion in 2023 and is projected to reach USD 25.46 Billion by 2032, with an expected CAGR of 10.7% during the forecast period. The floating liquefied natural gas (FLNG) market is characterized by the research, construction, operation, and use of floating facilities whose objective is the extraction, liquefaction, and storage of natural gas offshore. Innovative platforms of this sort enable the exploitation of offshore fields containing natural gas reserves, where traditional onshore facilities may not be an option due to environmental or logistical challenges. Driving rebuilding the growth in the FLNG market is spurred by various factors. First is the increasing global demand for natural gas, partly based on the premise that natural gas contains "clean" carbon compounds in comparison to coal and oil. The transition of many countries to a cleaner energy system will spur several solutions relating to sustainable and flexible natural gas supply-determining gas supply; therefore, FLNG provides this available solution. Secondly, initiatives for developing remote and stranded gas fields drive FLNG technology since it is attractive for operators willing to commercialize gas reserves that would not otherwise make sense without such initiatives.
The titled segments and sub-section of the market are illuminated below:
Technology : LNG FPSO, FSRU, Others, End Use : Small/Mid-Scale, Large Scale, Others
Market Drivers:
INCREASE IN DEMAND FOR NATURAL GAS
MONETIZATION OF OFFSHORE GAS
Market Trends:
Increase in demand for Natural Gas
Restrains:
HIGH CAPITAL INVESTMENTS AND LIMITED TECHNOLOGICAL ADVANCES
What can be explored with the Floating liquefied natural gas Market Study?
• Gain Market Understanding
• Identify Growth Opportunities
• Analyse and Measure the Global Floating liquefied natural gas Market by Identifying Investment across various Industry Verticals
• Understand the Trends that will drive Future Changes in Floating liquefied natural gas
• Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Floating liquefied natural gas Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Floating liquefied natural gas market
Chapter 2: Exclusive Summary - the basic information of the Floating liquefied natural gas Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Floating liquefied natural gas
Chapter 4: Presenting the Floating liquefied natural gas Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2019-2023
Chapter 6: Evaluating the leading manufacturers of the Floating liquefied natural gas market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Floating liquefied natural gas Market is a valuable source of guidance for individuals and companies.
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