Global Floating Storage Regasification Unit (FSRU) Market 2023-2027
The floating storage regasification unit (FSRU) market is forecasted to grow by USD 805.25 mn during 2022-2027, accelerating at a CAGR of 7.88% during the forecast period. The report on the floating storage regasification unit (FSRU) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by cost competitiveness of FSRU, increase in offshore gas exploration, and extensive use of natural gas in transportation sector.
Technavio's floating storage regasification unit (FSRU) market is segmented as below:
- By End-user
- Power generation
- Industrial
- Others
- By Type
- Newly built
- Converted
- By Geographical Landscape
- Middle East and Africa
- APAC
- Europe
- North America
- South America
This study identifies the stabilization of crude oil prices as one of the prime reasons driving the floating storage regasification unit (FSRU) market growth during the next few years. Also, increasing demand for cleaner bunker fuel and drop in CAPEX and deepwater activities will lead to sizable demand in the market.
The report on the floating storage regasification unit (FSRU) market covers the following areas:
- Floating storage regasification unit (FSRU) market sizing
- Floating storage regasification unit (FSRU) market forecast
- Floating storage regasification unit (FSRU) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading floating storage regasification unit (FSRU) market vendors that include BUMI ARMADA BERHAD, BW Group, Dynagas Ltd., Eni SpA, Excelerate Energy Inc., Exmar NV, Flex LNG Ltd., Golar LNG Ltd., H Energy Group of Companies, Hoegh LNG Holdings Ltd., Jaya Samudra Karunia Group, Karadeniz Holding A.S., LNG Hrvatska d.o.o, MITSUI and CO. LTD., OLT Offshore LNG Toscana Spa, RWE AG, SENER GRUPO DE INGENIERIA SA, Swan Energy Ltd., Teekay Corp., and Trafigura Group Pte. Ltd.. Also, the floating storage regasification unit (FSRU) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.