Floating Storage And Regasification Unit (FSRU) Market Report

Market Insights

Floating Storage and Regasification Unit (FSRU) Market is likely to witness an impressive CAGR of 10.0% during the forecast period. The increasing demand for liquified natural gas (LNG) as an environmentally-friendly energy source is expected to drive the growth of the market over the forecast period. In addition, the FSRU market facilitates the delivery of natural gas in a shorter time frame and makes it readily available to local markets, which is projected to support market growth during the forecast period.

Segments' Analysis

Floating Storage and Regasification Unit (FSRU) Market Share: By Storage Type

Based on the storage type, the market is segmented as small, medium, and large. Medium storage type is expected to grow with the highest CAGR during the forecast period. The majority of FSRU (Floating Storage and Regasification Unit) vessels deployed in recent years are of medium size, and demand for medium storage capacity FSRU units is expected to remain stable during the forecast period.

Floating Storage and Regasification Unit (FSRU) Market Share: By Application Type

Based on the application type, the market is segmented as industrial, power generation, and others. The power generation application segment is estimated to account for the major share of the market during the forecast period, owing to the growing demand for LNG for power generation projects across the world. 

Floating Storage and Regasification Unit (FSRU) Market Share: By Region

In terms of regions, Rest of the World is estimated to hold the major share of the FSRU market during the forecast period. The growth of the region’s market is owing to the growing demand for natural gas across the world. Also, fast-growing economies in the Asia-Pacific region and the Middle East & Africa are expected to drive the FSRU (Floating Storage & Regasification Unit) market during the forecast period.  

Market Scope & Segmentation

A floating storage regasification unit (FSRU) is a component that is used for transferring and transmitting liquefied natural gas through the oceanic channels. Furthermore, it is known as a ship that is used for liquefied natural gas transfer. For fast-track projects, floating storage regasification is a quick and flexible technique of supplying natural gas.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Floating Storage and Regasification Unit (FSRU) Market is segmented into the following categories.

Floating Storage and Regasification Unit (FSRU) Market Size, Share, & Forecast, by Construction Type:

• Newly Built (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Converted (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Floating Storage and Regasification Unit (FSRU) Market Size, Share, & Forecast, by Storage Type:

• Small (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Medium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Large (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Floating Storage and Regasification Unit (FSRU) Market Size, Share, & Forecast, by Application Type:

• Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Power Generation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Floating Storage and Regasification Unit (FSRU) Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the Floating Storage and Regasification Unit (FSRU) Market are-

• Bumi Armada
• BW Gas AS
• Excelerate Energy LP
• EXMAR NV
• FLEX LNG Ltd.
• Golar LNG Ltd.
• Hoegh LNG AS
• Maran Gas Maritime Inc.
• Mitsui O.S.K. Lines Ltd.
• Teekay LNG Partners, L.P.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the storage types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.