Fsru Floating Storage And Regasification Unit Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00130331
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
Home Energy & Power fsru floating storage and regas....
  • Single User $3500
  • Multi User $4500
  • Enterprise User $5500
Report Description Table Of Content Research Methodology Download Free Sample

Market Snapshot

CAGR:8.51
2023
2032

Source: Market Expertz

RND-Favicon
Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 8.51
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

FSRU (Floating Storage and Regasification Unit) Market Analysis By Application (LNG Import Terminals, LNG Bunkering), By Type (Converted, New Build), and By Region Forecast to 2032:

The FSRU (Floating Storage and Regasification Unit) Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 6.85% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 9,876.54 million in market size. The expansion of this market is influenced by several key factors, including the increasing demand for natural gas as a cleaner energy source, the need for flexible LNG (Liquefied Natural Gas) import infrastructure, and the cost-effectiveness of FSRUs in meeting energy demands.

FSRU Market Overview:

Drivers:

One of the primary drivers fueling the growth of the FSRU Market is the rising demand for natural gas as a more environmentally friendly energy source. Natural gas is considered a cleaner alternative to coal and oil, and its use is increasing in various industries and for power generation. FSRUs provide a flexible and efficient solution for delivering LNG, which can be regasified and used as natural gas.

Furthermore, the need for flexible LNG import infrastructure is driving the adoption of FSRUs. These units can be rapidly deployed and provide the capability to establish LNG import terminals in areas lacking traditional onshore facilities, meeting the growing demand for natural gas.

Trends:

An emerging trend in the FSRU Market is the deployment of new-build FSRUs. New-build FSRUs are designed and constructed specifically for their role, incorporating the latest technologies and safety features. These units offer enhanced performance and efficiency, making them attractive options for LNG import projects.

Additionally, LNG bunkering is becoming a significant application of FSRUs. LNG bunkering involves supplying LNG to ships for use as fuel, reducing emissions compared to traditional marine fuels. FSRUs can play a pivotal role in supporting the growth of LNG bunkering infrastructure at key ports worldwide.

Restraints:

One of the key challenges hindering the growth of the FSRU Market is the potential regulatory and permitting complexities associated with LNG import projects. Different regions and countries have varying regulations and standards for LNG handling, storage, and transportation. Navigating these regulatory hurdles can be time-consuming and require significant compliance efforts.

Moreover, the initial investment required for new-build FSRUs can be a barrier to entry for some market players. Ensuring a return on investment in a reasonable timeframe is crucial for the market's sustained growth.

FSRU Market Segmentation By Application:

The LNG import terminals segment is anticipated to witness substantial growth during the forecast period. FSRUs are integral to LNG import terminals, providing the capability to receive, store, and regasify LNG for distribution to end-users. As the demand for natural gas continues to rise, the need for efficient and flexible import infrastructure drives the growth of this segment.

LNG bunkering through FSRUs is another significant application area. FSRUs can serve as key infrastructure for supplying LNG to ships, contributing to the adoption of LNG as a cleaner marine fuel.

FSRU Market Segmentation By Type:

The new-build FSRUs segment is expected to drive market growth significantly. New-build FSRUs are purpose-built for their role, offering advanced features, higher efficiency, and greater capacity compared to converted units. These FSRUs are well-suited for addressing the increasing demand for LNG import infrastructure.

Converted FSRUs, which are existing vessels repurposed for LNG storage and regasification, also play a vital role in the market. They offer cost-effective solutions for meeting LNG import needs in regions with budget constraints.

Regional Overview:


Download the report summary now!

Request pdf Sample

Asia-Pacific is poised to be a key contributor to the global FSRU Market, accounting for approximately 45% of the market's growth during the forecast period. The region's growing energy demand, industrialization, and focus on cleaner energy sources drive the adoption of FSRUs for LNG import and distribution.

Europe also plays a significant role in the market, with countries like the United Kingdom, France, and the Netherlands investing in FSRUs to diversify their energy sources and reduce emissions. The European Union's emphasis on reducing greenhouse gas emissions further supports the adoption of cleaner energy sources like natural gas.

FSRU Market Customer Landscape:

The FSRU Market report encompasses the customer adoption lifecycle, ranging from early adopters to mainstream users. It delves into adoption rates across different regions based on penetration and includes key purchase criteria and price sensitivity drivers to assist companies in formulating effective growth strategies.

Major FSRU Market Companies:

Companies in the FSRU Market are employing diverse strategies such as partnerships, investments in infrastructure, geographic expansion, and technology advancements to strengthen their market presence.

Example companies include:

  1. Hoegh LNG: Hoegh LNG specializes in the ownership and operation of FSRUs, providing flexible and efficient LNG import solutions to a global customer base.
  2. Excelerate Energy: Excelerate Energy is a leader in FSRU technology and provides comprehensive FSRU solutions, including regasification services, for LNG import projects worldwide.
  3. Golar LNG: Golar LNG focuses on FSRU operations and has a fleet of FSRUs that serve various markets. The company's expertise lies in delivering LNG to regions with limited access to onshore infrastructure.

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

  • BW Gas
  • Mitsui O.S.K. Lines
  • Royal Dutch Shell
  • Teekay LNG Partners
  • GasLog Ltd.
  • Maran Gas Maritime Inc.
  • Dynagas LNG Partners LP
  • Flex LNG
  • Gas Natural SDG SA
  • Keppel Offshore & Marine Ltd.

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on focus, dominance, and strength.

Segment Overview:

The FSRU 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):
    • LNG Import Terminals
    • LNG Bunkering
  • Type Outlook (USD Million, 2019 - 2032):
    • Converted
    • New Build
  • Geography Outlook (USD Million, 2019 - 2032):
    • Asia-Pacific
      • China
      • Japan
      • India
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • North America
      • United States
      • Canada
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) 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. FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. FSRU (Floating Storage and Regasification Unit) 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. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET BY Construction INSIGHTS & TRENDS

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

5.2. Newly built

    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. Converted

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

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

Chapter 6. FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET BY Application INSIGHTS & TRENDS

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

6.2. Industrial

    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 Generation

    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. FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET REGIONAL OUTLOOK

7.1. FSRU (Floating Storage and Regasification Unit) Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America FSRU (Floating Storage and Regasification Unit) Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America FSRU (Floating Storage and Regasification Unit) 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. Excelerate Energy (U.S)

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. Hoegh LNG (Bermuda)

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3. Golar LNG (Bermuda)

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4. BW gas (Norway)

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5. Gazprom FLEX LNG (U.K)

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6. Exmar (Belgium)

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7. Maran Gas Maritime Inc. (Greece)

    9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8. Offshore LNG Toscana SpA (Italy)

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9. Mitsui O.S.K. Lines (Japan)

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10. Bumi Armada (Malaysia)

    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"