Floating Lng Power Plant Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00126506
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
Home Energy & Power floating lng power plant market....
  • Single User $3500
  • Multi User $4500
  • Enterprise User $5500
Report Description Table Of Content Research Methodology Download Free Sample

Market Snapshot

CAGR:7.3
2023
2032

Source: Market Expertz

RND-Favicon
Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 7.3
Energy & Power-companies
Energy & Power-Snapshot

Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries

Download Sample Pdf
Download Sample Pdf

Report Overview

Floating LNG Power Plant Market Analysis By Application (Offshore Power Generation, Remote Area Electrification), By Type (Converted Vessels, New-Build Vessels), and By Region Forecast to 2032:

The Floating LNG Power Plant Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the need for flexible and mobile power generation solutions in remote areas, advancements in floating LNG technology, and the growing demand for clean and reliable electricity supply across various industries. A floating LNG power plant refers to a technology framework that leverages liquefied natural gas (LNG) for electricity generation in offshore and remote locations.

Floating LNG Power Plant Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Floating LNG Power Plant Market is the demand for offshore power generation solutions. Floating LNG power plants offer a versatile and rapidly deployable source of electricity for offshore oil and gas platforms, reducing the need for costly and environmentally impactful diesel generators.

Furthermore, the market is driven by the need for remote area electrification. Floating LNG power plants can be stationed in remote locations with limited access to the grid, providing clean and reliable electricity to support industrial operations, mining activities, and rural communities.

Trends:

An emerging trend in the Floating LNG Power Plant Market is the use of converted vessels for power generation. These converted LNG carriers and floating storage and regasification units (FSRUs) are repurposed to function as floating power plants, offering cost-effective and sustainable solutions for power generation.

Additionally, new-build vessels designed specifically for LNG power generation are gaining traction. These purpose-built floating power plants are equipped with advanced technologies and are optimized for efficiency and environmental performance.

Restraints:

One of the key challenges hindering the growth of the Floating LNG Power Plant Market is the high initial investment required for new-build vessels. While purpose-built vessels offer long-term benefits, the upfront costs can be a barrier to entry for some operators.

Environmental and regulatory considerations are also potential restraints. Floating LNG power plants must adhere to stringent environmental standards and regulations to minimize emissions and ensure safe operations in offshore and remote areas.

Floating LNG Power Plant Market Segmentation By Application:

  • Offshore Power Generation: Floating LNG power plants provide electricity to offshore oil and gas platforms, reducing reliance on diesel generators and improving operational efficiency.
  • Remote Area Electrification: These power plants serve remote areas with limited access to the grid, supporting industrial activities, mining operations, and rural communities.

Floating LNG Power Plant Market Segmentation By Type:

  • Converted Vessels: Existing LNG carriers and FSRUs are converted into floating power plants, offering cost-effective solutions for power generation.
  • New-Build Vessels: Purpose-built vessels designed for LNG power generation are optimized for efficiency and environmental performance.

Regional Overview:


Download the report summary now!

Request pdf Sample

North America is poised to be a key contributor to the global Floating LNG Power Plant Market, accounting for approximately 38% of the market's growth during the forecast period. The region's offshore oil and gas activities, coupled with the need for remote electrification in northern regions, create a conducive environment for the deployment of floating LNG power plants.

Europe is another significant market for floating LNG power plants, driven by offshore energy projects in the North Sea and initiatives to reduce greenhouse gas emissions.

Floating LNG Power Plant Market Customer Landscape:

The Floating LNG Power Plant Market serves a diverse range of customers, including offshore energy operators, industrial facilities in remote areas, mining companies, and governments or utilities responsible for rural electrification. Customer decisions are influenced by factors such as energy costs, environmental impact, and grid accessibility.

Major Floating LNG Power Plant Market Companies:

Companies in the floating LNG power plant market are continuously innovating to provide efficient and sustainable power generation solutions.

Example companies include:

  1. Siemens Energy: Siemens Energy specializes in providing floating power solutions, including LNG-to-Power projects, to meet the growing demand for clean and flexible electricity supply.
  2. Karpowership: Karpowership operates a fleet of floating power plants that supply electricity to countries with energy deficits, offering a fast-track solution for power generation.
  3. Wärtsilä: Wärtsilä offers LNG solutions, including floating power plants, that combine efficient power generation with environmental sustainability.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

  • MAN Energy Solutions SE
  • General Electric Company
  • Novatek Gas & Power GmbH
  • Kawasaki Heavy Industries, Ltd.
  • Flex LNG Management AS
  • Excelerate Energy L.P.
  • Golar LNG Limited
  • Hyundai Heavy Industries Co., Ltd.
  • Royal Dutch Shell plc
  • BW Group Limited

Qualitative and quantitative analyses of these companies help stakeholders understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their market presence, technology offerings, and project portfolios.

Segment Overview:

The Floating LNG Power Plant Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Offshore Power Generation
    • Remote Area Electrification
  • Type Outlook (USD Million, 2019 - 2032):
    • Converted Vessels
    • New-Build Vessels
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Rest of Asia-Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Floating LNG power plant MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition   

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Floating LNG power plant MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Floating LNG power plant Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Floating LNG power plant Of Suppliers

    4.5.2. Floating LNG power plant Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Floating LNG power plant MARKET BY Component type landscape

SIGHTS & TRENDS                                                               

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Gas Engines or Gas Turbines

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 IC Engines

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Steam Turbines & Generators

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Floating LNG power plant MARKET BY Vessel type INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Power Ship

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Power Barge

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Floating LNG power plant MARKET REGIONAL OUTLOOK

7.1. Floating LNG power plant Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Floating LNG power plant Market Estimates And Forecast, 2016 – 2027 (USD Million)

    7.2.2. North America Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Floating LNG power plant Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Floating LNG power plant Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Floating LNG power plant Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Floating LNG power plant Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Floating LNG power plant Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Floating LNG power plant Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Floating LNG power plant Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Floating LNG power plant Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Floating LNG power plant Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Floating LNG power plant Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Floating LNG power plant Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Floating LNG power plant Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Floating LNG power plant Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Floating LNG power plant Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Floating LNG power plant Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Floating LNG power plant Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Floating LNG power plant Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Kawasaki Heavy Industries Ltd

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 Chiyoda Corp

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Karadeniz Holding

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Wison Group

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 Company 5

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

You can also purchase parts of this report. Do you want to check out a section wise price list?
Request for Special Pricing

Personalized Business Report Tailored to Your Requirements

  • Our expert analysts collaborate directly with you to comprehend your specific needs.
  • Get data on regions, segments, competitors, and vendors of your choice.
  • Information is presented in alignment with your exact preferences and formatting.
Request for customization
Report Snapshot
Free Sample Report

"Find new revenue generation opportunities"