Market Overview:
The global floating storage and regasification unit (FSRU) market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The FSRU market is segmented on the basis of type, application, and region. On the basis of type, the FSRU market is segmented into newly built and converted. The newly built FSRUs are those that are specifically designed for storage and regasification purposes, while converted FSRUs are those that were originally used for other purposes but have been repurposed for storage and regasification activities. On the basis of application, the FSRU market is divided into industrial applications and power generation applications. Industrial applications include LNG terminals/LNG-to-power projects/LNG bunkering terminals/other industrial uses while power generation includes combined cycle plants/thermal plants/renewable energy plants etc.). Regionally, North America dominates the global floating storage and regasification unit (FSRU) market followed by Europe Asia Pacific , Latin America , Middle East & Africa .
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Product Definition:
A Floating Storage and Regasification Unit (FSRU) is a floating vessel that serves as a storage and regasification facility for liquefied natural gas (LNG). An FSRU typically has a storage capacity of around 160,000 cubic meters of LNG and can regasify up to 5 million cubic meters of LNG per day. This makes it an important piece of infrastructure for countries that import or export LNG.
Newly Built:
Recently, there is a growing demand for FSRU in the market. This growth can be attributed to factors such as low cost and high energy efficiency. The emergence of floating storage and regasification unit (FSRU) has been one of the most significant developments in recent times, impacting positively on various aspects of the industry landscape including business models, supply chain dynamics and regulatory policies.
Converted:
Converted is a type of fuel that has been used in marine and power generation industries for many years. It can be defined as the solid or liquid material that has been changed from its original form by chemical or physical means. The process of converting a material into another form is called conversion, i.e.
Application Insights:
The power generation application segment led the market in 2017 and accounted for a share of over 40.0% in terms of volume. The FSRU is widely used by power generation companies as it allows them to store petroleum products ranging from jet fuel to diesel and gasoline, which are consumed frequently during the year. These units are also used by refineries as storage facilities for crude oil products such as gasoline, diesel and heating fuels that they produce annually.
Global floating storage.
Increasing demand for electricity has resulted in an increased requirement of coal-based energy resources across various regions including Asia Pacific & Middle East Africa.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major power generation companies, such as China General Nuclear Power Corp., China Huaneng Group, and others are driving the demand for FSRU’s in this region. In addition, increasing investments in nuclear power plants by countries such as India and South Korea are further driving the regional market growth.
The Asia Pacific regional market was followed by Europe with a share of over 20%. Countries like Germany, France, U.K., Russia among others have been investing heavily in renewable energy sources owing to growing environmental concerns coupled with government regulations on carbon emission caused during fuel consumption for electricity generation purposes. This factor is anticipated to reduce or eliminate reliance on traditional fuels used for generating electricity resulting into a decline or stabilization of FSRU’s demand over the forecast period.
Growth Factors:
- Increasing demand for natural gas due to its environment-friendly nature as compared to other fuels.
- Rapid industrialization and urbanization in developing countries is expected to drive the growth of FSRU market over the forecast period.
- Proliferation of LNG terminals and increasing investments in LNG infrastructure are some of the key factors that would fuel the growth of FSRU market during the forecast period.
- Stringent environmental regulations pertaining to emissions from traditional fuel sources is likely to boost demand for natural gas, which in turn would propel growth of FSRU market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Floating Storage and Regasification Unit (FSRU) Market Research Report
By Type
Newly Built, Converted
By Application
Industrial, Power Generation
By Companies
Excelerate Energy, Hoegh LNG, Golar LNG, BW Gas, Gazprom, FLEX LNG, EXMAR, DSME, OLT, MOL, Bumi Armada, Teekay
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Floating Storage and Regasification Unit (FSRU) Market Report Segments:
The global Floating Storage and Regasification Unit (FSRU) market is segmented on the basis of:
Types
Newly Built, Converted
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Power Generation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Excelerate Energy
- Hoegh LNG
- Golar LNG
- BW Gas
- Gazprom
- FLEX LNG
- EXMAR
- DSME
- OLT
- MOL
- Bumi Armada
- Teekay
 Market Overview.svg)
Highlights of The Floating Storage and Regasification Unit (FSRU) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Newly Built
- Converted
- By Application:
- Industrial
- Power Generation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Floating Storage and Regasification Unit (FSRU) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Floating Storage and Regasification Unit (FSRU) is a specialized vessel used to store natural gas liquids (NGLs), such as ethane, propane, butanes, and pentanes. FSRUs are also used to regasify these NGLs into pipeline-quality gas.
Some of the key players operating in the floating storage and regasification unit (fsru) market are Excelerate Energy, Hoegh LNG, Golar LNG, BW Gas, Gazprom, FLEX LNG, EXMAR, DSME, OLT, MOL, Bumi Armada, Teekay.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Floating Storage and Regasification Unit (FSRU) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Floating Storage and Regasification Unit (FSRU) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Floating Storage and Regasification Unit (FSRU) Market - Supply Chain
4.5. Global Floating Storage and Regasification Unit (FSRU) Market Forecast
4.5.1. Floating Storage and Regasification Unit (FSRU) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Floating Storage and Regasification Unit (FSRU) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Floating Storage and Regasification Unit (FSRU) Market Absolute $ Opportunity
5. Global Floating Storage and Regasification Unit (FSRU) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Type
5.3.1. Newly Built
5.3.2. Converted
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Floating Storage and Regasification Unit (FSRU) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Power Generation
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Floating Storage and Regasification Unit (FSRU) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Floating Storage and Regasification Unit (FSRU) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Floating Storage and Regasification Unit (FSRU) Demand Share Forecast, 2019-2026
9. North America Floating Storage and Regasification Unit (FSRU) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Power Generation
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Type
9.7.1. Newly Built
9.7.2. Converted
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Floating Storage and Regasification Unit (FSRU) Demand Share Forecast, 2019-2026
10. Latin America Floating Storage and Regasification Unit (FSRU) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Power Generation
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Type
10.7.1. Newly Built
10.7.2. Converted
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Floating Storage and Regasification Unit (FSRU) Demand Share Forecast, 2019-2026
11. Europe Floating Storage and Regasification Unit (FSRU) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Power Generation
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Type
11.7.1. Newly Built
11.7.2. Converted
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Floating Storage and Regasification Unit (FSRU) Demand Share, 2019-2026
12. Asia Pacific Floating Storage and Regasification Unit (FSRU) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Power Generation
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Type
12.7.1. Newly Built
12.7.2. Converted
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Floating Storage and Regasification Unit (FSRU) Demand Share, 2019-2026
13. Middle East & Africa Floating Storage and Regasification Unit (FSRU) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Power Generation
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Floating Storage and Regasification Unit (FSRU) Market Size and Volume Forecast by Type
13.7.1. Newly Built
13.7.2. Converted
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Floating Storage and Regasification Unit (FSRU) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Floating Storage and Regasification Unit (FSRU) Market: Market Share Analysis
14.2. Floating Storage and Regasification Unit (FSRU) Distributors and Customers
14.3. Floating Storage and Regasification Unit (FSRU) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Excelerate Energy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hoegh LNG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Golar LNG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BW Gas
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gazprom
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. FLEX LNG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. EXMAR
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DSME
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. OLT
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MOL
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bumi Armada
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Teekay
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
