Floating Storage and Regasification Unit (FSRU) Market to Witness Robust Growth
Floating Storage and Regasification Unit (FSRU) Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2022 to 2027. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. 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.
Market Segments' Analysis
According to Stratview Research, the Floating Storage and Regasification Unit (FSRU) Market is segmented by Construction Type (Newly Built and Converted), by Storage Type (Small, Medium, and Large), by Application Type (Industrial, Power Generation, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
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.
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.
Which region is expected to dominate the market?
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.
Top key vendors in the market:
The report mentions a list of key players in the Floating Storage and Regasification Unit (FSRU) Market. Some of them are mentioned below –
· 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.
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