Global FSRU (Floating Storage and Regasification Unit) Market Size Study, by Construction (Newly Built, Converted), by Storage (Small, Medium, Large), by Application (Industrial, Power Generation, Others), and Regional Forecasts 2022-2032

Global FSRU (Floating Storage and Regasification Unit) Market Size Study, by Construction (Newly Built, Converted), by Storage (Small, Medium, Large), by Application (Industrial, Power Generation, Others), and Regional Forecasts 2022-2032


Global FSRU (Floating Storage and Regasification Unit) Market is valued approximately at USD 2.05 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.01% over the forecast period 2024-2032. FSRU stands for Floating Storage and Regasification Unit. It is a specialized vessel used in the liquefied natural gas (LNG) industry for the import, storage, and regasification of LNG. FSRUs are preferred in regions where there is a need for flexible and rapid LNG import capability. They offer advantages over traditional onshore LNG terminals in terms of lower cost, faster deployment, and operational flexibility. FSRUs can be moored offshore near coastal areas or ports, enabling quick connection to existing gas infrastructure and reducing environmental and land use impacts compared to building new onshore facilities. The market growth is driven by the cost-effectiveness of FSRUs, rising natural gas demand, and stabilizing prices for crude oil globally. FSRUs offer a significant cost advantage, with construction costs nearly half that of onshore facilities and operational readiness in just a year, making them attractive to both emerging and established LNG markets.

The demand for Floating Storage and Regasification Units (FSRUs) is driven significantly by their cost-effectiveness compared to building new onshore LNG terminals. FSRUs offer substantial savings in capital expenditure and operational costs. They eliminate the need for extensive land acquisition, construction of onshore infrastructure, and associated environmental mitigation measures. This cost advantage is particularly attractive in regions where establishing traditional onshore terminals is economically challenging or where rapid deployment of LNG import capacity is required. FSRUs also provide flexibility in terms of scalability and mobility, allowing for adjustments in storage and regasification capacities as market demands evolve. Moreover, their offshore placement minimizes environmental impact and reduces permitting complexities, further enhancing their appeal. As global demand for natural gas continues to rise and energy markets seek efficient, flexible solutions, FSRUs are poised to play a crucial role in expanding LNG import capabilities and enhancing energy security worldwide.

The key region in the Global FSRU (Floating Storage and Regasification Unit) Market includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2023, the North America dominates the FSRU Market, attributed to the extensive availability of LNG production and supply. The U.S. held the largest market share within North America. Europe accounted for a significant market share, driven by the supply of LNG and intellectual property laws protecting patented industrial designs. The Asia-Pacific region is expected to register significant growth, with well-established LNG markets in China, India, South Korea, Japan, and emerging markets in Indonesia, Pakistan, and Bangladesh.

Key Companies Covered in the Report:

Excelerate Energy

Hoegh LNG

Golar LNG

BW Gas

Gazprom FLEX LNG

Exmar

Maran Gas Maritime Inc.

Offshore LNG Toscana SpA

Mitsui O.S.K. Lines

Bumi Armada

Teekay LNG Partners, L.P

The detailed segments and sub-segment of the market are explained below:

By Construction:

Newly Built

Converted

By Storage:

Small

Medium

Large

By Application:

Industrial

Power Generation

Others

By Region:

North America

U.S.

Canada

Europe

Germany

U.K.

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

RoMEA

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.


Chapter 1. Global FSRU (Floating Storage and Regasification Unit) Market Executive Summary
1.1. Global FSRU Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Construction
1.3.2. By Storage
1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global FSRU (Floating Storage and Regasification Unit) Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global FSRU (Floating Storage and Regasification Unit) Market Dynamics
3.1. Market Drivers
3.1.1. Cost Efficiency
3.1.2. Environmental Benefits
3.1.3. Stabilizing Crude Oil Prices
3.2. Market Challenges
3.2.1. Infrastructure Dependency
3.2.2. Operational Risks
3.3. Market Opportunities
3.3.1. Rapid LNG Transportation
3.3.3. Clean Fuel Initiatives
Chapter 4. Global FSRU (Floating Storage and Regasification Unit) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global FSRU (Floating Storage and Regasification Unit) Market Size & Forecasts by Construction 2022-2032
5.1. Segment Dashboard
5.2. Global FSRU (Floating Storage and Regasification Unit) Market: Construction Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1 Newly Built
5.2.2 Converted
Chapter 6. Global FSRU (Floating Storage and Regasification Unit) Market Size & Forecasts by Storage 2022-2032
6.1. Segment Dashboard
6.2. Global FSRU (Floating Storage and Regasification Unit) Market: Storage Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. Small
6.2.2. Medium
6.2.3. Large
Chapter 7. Global FSRU (Floating Storage and Regasification Unit) Market Size & Forecasts by Application 2022-2032
7.1. Segment Dashboard
7.2.1. Global FSRU (Floating Storage and Regasification Unit) Market: Storage Revenue Trend Analysis, 2022 & 2032 (USD Billion)
7.2.1. Industrial
7.2.2. Power Generation
7.2.3. Others
Chapter 8. Global FSRU (Floating Storage and Regasification Unit) Market Size & Forecasts by Region 2022-2032
8.1. North America FSRU Market
8.1.1. U.S. FSRU Market
8.1.1.1. Construction breakdown size & forecasts, 2022-2032
8.1.1.2. Storage breakdown size & forecasts, 2022-2032
8.1.1.3. Application breakdown size & forecasts, 2022-2032
8.1.2. Canada FSRU Market
8.1.2.1. Construction breakdown size & forecasts, 2022-2032
8.1.2.2. Storage breakdown size & forecasts, 2022-2032
8.1.2.3. Application breakdown size & forecasts, 2022-2032
8.2. Europe FSRU Market
8.2.1. Germany FSRU Market
8.2.1.1. Construction breakdown size & forecasts, 2022-2032
8.2.1.2. Storage breakdown size & forecasts, 2022-2032
8.2.1.3. Application breakdown size & forecasts, 2022-2032
8.2.2. U.K. FSRU Market
8.2.2.1. Construction breakdown size & forecasts, 2022-2032
8.2.2.2. Storage breakdown size & forecasts, 2022-2032
8.2.2.3. Application breakdown size & forecasts, 2022-2032
8.2.3. France FSRU Market
8.2.4. Spain FSRU Market
8.2.5. Italy FSRU Market
8.2.6. Rest of Europe FSRU Market
8.3. Asia-Pacific FSRU Market
8.3.1. China FSRU Market
8.3.2. India FSRU Market
8.3.3. Japan FSRU Market
8.3.4. Australia FSRU Market
8.3.5. South Korea FSRU Market
8.3.6. Rest of Asia-Pacific FSRU Market
8.4. Latin America FSRU Market
8.4.1. Brazil FSRU Market
8.4.2. Mexico FSRU Market
8.4.3. Rest of Latin America FSRU Market
8.5. Middle East & Africa FSRU Market
8.5.1. Saudi Arabia FSRU Market
8.5.2. South Africa FSRU Market
8.5.3. Rest of Middle East & Africa FSRU Market
Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Excelerate Energy
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Market Strategies
9.3.2. Hoegh LNG
9.3.3. Golar LNG
9.3.4. BW Gas
9.3.5. Gazprom FLEX LNG
9.3.6. Exmar
9.3.7. Maran Gas Maritime Inc.
9.3.8. Offshore LNG Toscana SpA
9.3.9. Mitsui O.S.K. Lines
9.3.10. Bumi Armada
9.3.11. Teekay LNG Partners, L.P
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
List of Tables
TABLE 1. Global FSRU market, report scope
TABLE 2. Global FSRU market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global FSRU market estimates & forecasts by Construction 2022-2032 (USD Billion)
TABLE 4. Global FSRU market estimates & forecasts by Storage 2022-2032 (USD Billion)
TABLE 5. Global FSRU market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 6. Global FSRU market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global FSRU market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global FSRU market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global FSRU market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global FSRU market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global FSRU market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global FSRU market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global FSRU market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global FSRU market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. FSRU market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. FSRU market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. FSRU market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada FSRU market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada FSRU market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada FSRU market estimates & forecasts by segment 2022-2032 (USD Billion)
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.
List of Figures
FIGURE 1. Global FSRU market, research methodology
FIGURE 2. Global FSRU market, market estimation techniques
FIGURE 3. Global market size estimates & forecast methods.
FIGURE 4. Global FSRU market, key trends 2023
FIGURE 5. Global FSRU market, growth prospects 2022-2032
FIGURE 6. Global FSRU market, porters 5 force model
FIGURE 7. Global FSRU market, PESTEL analysis
FIGURE 8. Global FSRU market, value chain analysis
FIGURE 9. Global FSRU market by segment, 2022 & 2032 (USD Billion)
FIGURE 10. Global FSRU market by segment, 2022 & 2032 (USD Billion)
FIGURE 11. Global FSRU market by segment, 2022 & 2032 (USD Billion)
FIGURE 12. Global FSRU market by segment, 2022 & 2032 (USD Billion)
FIGURE 13. Global FSRU market by segment, 2022 & 2032 (USD Billion)
FIGURE 14. Global FSRU market, regional snapshot 2022 & 2032
FIGURE 15. North America FSRU market 2022 & 2032 (USD Billion)
FIGURE 16. Europe FSRU market 2022 & 2032 (USD Billion)
FIGURE 17. Asia pacific FSRU market 2022 & 2032 (USD Billion)
FIGURE 18. Latin America FSRU market 2022 & 2032 (USD Billion)
FIGURE 19. Middle East & Africa FSRU market 2022 & 2032 (USD Billion)
FIGURE 20. Global FSRU market, company market share analysis (2023)
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings