openPR Logo
Press release

Floating Storage and Regasification Units (FSRU) Market - In-Depth Analysis & Forecast 2017-2025

01-05-2018 05:08 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

Floating Storage and Regasification Units (FSRU) Market -

Global Floating Storage and Regasification Units Market: Snapshot

A floating storage and regasification unit is considered as a vital component, which is required while transferring and transiting liquefied natural gas (LNG) using oceanic channels. It is also known as a special kind of ship that is only used for the transferring of LNG across the globe. The tremendous demand for liquefied natural gas across different parts of the world is one of the major factors projected to encourage the growth of the global floating storage and regasification units market in the next few years.

The growing need of LNG importers to fast track regasification access is anticipated to fuel the growth of the overall market in the coming years. As regions worldwide have comparatively unexpected and smaller gas requirements, the floating storage and regasification units are projected to fulfill their demands. In addition, the low cost of construction required for floating storage and regasification units is another essential aspect, which is likely to contribute towards the development of the global market in the coming few years.

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=344

The global market for floating storage and regasification units is expected to find application in the energy sector. As transferring of fuel is a complication task, as slight callousness can result in loss of the fuel, degrade the oceanic ecosystem, and can take a toll on lives of several people. As a result, the entire process of the transfer is done within the ship itself in order to avoid the need to unload the liquefied natural gas in its semi-frozen state. A high level of competition is expected in the near future with a potential rise in the number of players entering the global floating storage and regasification units market.

Global Floating Storage and Regasification Units Market: Overview

The global market for floating storage and regasification unit (FSRU) is predicted to ride on the need to transport liquefied natural gas (LNG) to remote locations. LNG is the most suitable form in which natural gas can be moved through long distances. An FSRU can cost-effectively and time-efficiently store and regasify LNG and provide a convenient access to the global LNG supply for LNG importers.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=344

Global Floating Storage and Regasification Units Market: Drivers

One of the primary drivers of the global FSRU market is the ability of FSRUs to help LNG importers gain a fast track regasification access. As the need for energy changes, these units can be easily relocated from one location to another. Regions that have comparatively unpredictable and typically smaller gas requirements can essentially benefit from floating regasification systems. In fact, these systems are considered to be an ideal means of supplying for the gas needs of such regions. Additionally, the systems have a lower cost of construction, which makes them more ideal.

The construction of large scale land-based terminals could be infeasible, considering the smaller requirements and remote locations of certain power generation facilities. A new set of risks is expected to be associated with the high pressure of FSRU operations, which is not the case with the conventional LNG carriers. Such downtrends could emerge as a restraint in successfully converting existing LNG carriers into FSRUs.

Howbeit, the adoption of FSRUs in the global market has increased considerably, owing to the significant mobility witnessed on the part of these units. Most remote power generation facilities use natural gas as a fuel for generating power. These facilities find it extremely convenient to get natural gas supplied to their faraway locations. While FSRUs can be constructed by transforming the old LNG carriers, they can also be built on demand.

Global Floating Storage and Regasification Units Market: Geography

In the current scenario, the international market for FSRU is observed to be one of the most profitable ones, especially in the energy sector. The overall FSRU market is poised to grow on a global platform on the back of the augmenting penetration of the LNG market in different economies of the world. South America and Europe are projected to witness multiple projects built to satisfy the substantial requirement of LNG to fulfill the energy demands. Especially in countries such as South Korea, Japan, and China, the Asia Pacific region is anticipated to demonstrate weighty growth prospects.

Get Discount @ https://www.tmrresearch.com/sample/sample?flag=D&rep_id=344

Global Floating Storage and Regasification Units Market: Companies

Excelerate Energy, Teekay Corporation, GDF Suez, Hoegh LNG, Flex LNG, BW Offshore, and Golar LNG among others are the significant industry players expected to exhibit a strong competition in the global FSRU market. Most players in the market are foreseen to take advantage of the diversification of energy sources by the major energy consuming economies. Such a diversification is deemed to have birthed from the need to reduce the dependence on imported petroleum and improve international competitiveness. Players are also looking to cash in on the developed and developing economies consuming natural gas in a significant measure.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

TMR Research,

3739 Balboa St # 1097,

San Francisco, CA 94121

United States

Tel: +1-415-520-1050

Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Floating Storage and Regasification Units (FSRU) Market - In-Depth Analysis & Forecast 2017-2025 here

News-ID: 885803 • Views:

More Releases from TMR Research

Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - 2031
Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - …
Automotive Vision System Market: Introduction A system that increases the vehicle driver's perception during night or bad weather conditions is termed as Automotive night vision system (ANVS). The system is otherwise beyond the reach of the vehicle's headlights, thereby prevents accidents at night. It can also be defined as a system which assists the driver by increasing visibility during bad whether while providing safety. Vehicle which have automotive vision system integrated are
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market: Snapshot The waste heat recovery market has been expected to reach a valuation of US$ 65.87 Bn and expand at a CAGR of 6.90% in the foreseeable years from 2020 to 2030. The growth opportunities in the waste heat recovery market are attributed to the increasing prices of electricity and energy in the emerging economies. In addition to this, government regulations and incentives are also estimated to contribute
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2021 to 2031.
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Ma …
Global Physical Fitness Equipment Market: Snapshot The physical fitness equipment market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2020 to 2030. The revenue generation opportunities in the physical fitness equipment market are attributed to the increasing enthusiasm among people toward fitness. In recent years, the fitness industry has been growing at a noticeable speed owing to
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Growing Regions like North America, Europe and Asia Pacific.
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Grow …
Global Molecular Spectrometry Market: Snapshot  Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule's energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation

All 5 Releases


More Releases for LNG

LNG Bunkering Market Key Players Polskie LNG, Eagle LNG, ENN Energy, EVOL LNG, F …
The LNG Bunkering Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the LNG Bunkering industry based on product segment, technology, end user segment and region. As per a recent news snippet, the Caribbean is one of the most lucrative regions for LNG bunkering market, as the shipping sector seeks compliance
LNG Bunkering Industry to surpass $12bn by 2024:ENGIE,Polskie LNG,Eagle LNG, ENN …
LNG Bunkering Market size is set to exceed USD 12 billion by 2024.Growing demand for cleaner fuel coupled with strict emission regulations to reduce the airborne emissions predominantly in North America and Europe will stimulate LNG bunkering market. In 2015, International Maritime Organization (IMO) introduced Tier III norms to curb NOx emissions from marine vessels among Emission Control Areas (ECAs) under maritime boundaries. Request for a sample copy of this
Global Liquefied Natural Gas (LNG) Market 2018-22 : LNG bunkering, progressing L …
ResearchMoz presents Professional and In-depth Study of "Global Liquefied Natural Gas (LNG) Market: Industry Analysis & Outlook (2018-2022)" with coming years Industries Trends, Projections of Global Growth, Major Key Player and Case Study, Review, Share, Size, Effect. ' ' Liquefied Natural Gas (LNG) is a liquid form of natural gas, which is composed mainly of methane and other gases such as Ethane, Propane, Butane and Nitrogen. LNG liquefaction is a procedure
Floating LNG Market Forecast 2017-2022 Hegh LNG, Excelerate Energy, Royal Dutch …
Floating LNG Market Research 2017 A market study ” Global Floating LNG Market ” will help you understand, formulate and implement strategic decisions by offering critical data, insights and analysis from technology as well as commercial perspective on the Floating LNG market. It encloses an in-depth Research of the Floating LNG market state and the competitive landscape globally. This report consist of comprehensive market data, on a granular level, providing a
Global Floating LNG Tanker Market Research Report 2017 Golar LNG, Hoegh LNG, Roy …
Floating LNG Tanker Industry Research Report 2017 A market study ” Floating LNG Tanker Market ” will help you understand, formulate and implement strategic decisions by offering critical data, insights and analysis from technology as well as commercial perspective on the Floating LNG Tanker market. It encloses an in-depth Research of the Floating LNG Tanker market state and the competitive landscape globally. This report consist of comprehensive market data, on a
Floating LNG Global Market Outlook 2017-2022 Excelerate Energy, Golar LNG, Hegh …
Floating LNG Market Research Report A market study ” Global Floating LNG Market ” examines the performance of the Floating LNG market Size 2017. It encloses an in-depth Research of the Floating LNG market state and the competitive landscape globally. This report analyzes the potential of Floating LNG market in the present and the future prospects from various angles in detail. Request For Sample Report: http://bit.ly/2wD0Ue2 The Global Floating LNG Market 2017