Market Overview:
The global FLNG market is expected to grow from USD 9.5 billion in 2018 to USD 23.8 billion by 2030, at a CAGR of 11.9% from 2018 to 2030. The growth of the global FLNG market can be attributed to the increasing demand for natural gas across the globe and rising investments in LNG infrastructure projects. The LNG FPSO segment is projected to lead the global FLNG market during the forecast period, owing to its advantages such as low capital expenditure and easy installation process as compared with other types of floating liquefaction terminals such as FSRUs and TLPs (terminal liquefaction plants). Furthermore, Asia Pacific is expected to account for a major share of the global FLNG market during the forecast period, owingtothe high demand for natural gas in countries such as China and India.
Product Definition:
FLNG stands for Floating Liquefied Natural Gas. FLNG is important because it allows gas to be exported from offshore locations where it would otherwise not be possible. This is done by converting the gas into a liquid form, which can then be transported in tankers.
LNG FPSO:
LNG floating, storage and production (FPSO) vessel is a type of ship that enables producers to gain access to low-cost liquefied natural gas (LNG), which is stored in the tanks on its deck.
FSRU:
FSRU (Floating, Storage, Refrigeration and Utilization) is a ship design that combines storage space, refrigeration facilities for food and beverages as well as utility spaces. FSRU’s can be used in both offshore and onshore locations.
Application Insights:
The global market is segmented by application into residential, commercial and industrial. The residential application segment accounted for the largest share in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for gas as a fuel source in power generation, transportation applications coupled with growing population will drive this growth.
Increasing use of LNG as an energy carrier in Japan and China on account of its clean combustion quality along with high performance compared to other fossil fuels such as coal and crude oil will further propel industry expansion over the coming years.
Regional Analysis:
North America dominated the global industry in 2017 and is expected to continue its dominance over the forecast period. The U.S., in particular, has been witnessing a growing demand for natural gas from various end-use industries, such as power generation and chemicals. This trend is projected to continue over the next eight years, thereby driving regional growth.
Asia Pacific also witnessed significant gains at LNG market during 2017 owing to increasing demand from countries like China and India along with other Southeast Asian nations that are opting for cleaner fuel sources due to environmental concerns or regulations by regulatory bodies like Environment Protection Agency (EPA) of China or Ministry of Environment & Forest (MoEF). Indonesia has also emerged as a major consumer after Australia shifted its focus towards domestic supply through projects such as Papua Gas Project (PGP) which will be operational by 2019/2020 timeframe and Bumi Gas project in South Sumatra province which will start operations before 2020/21 season.
Growth Factors:
- The global gas market is growing, and with it the demand for FLNG.
- FLNG offers a way to monetize stranded gas reserves, making them more attractive to developers and investors.
- FLNG technology is becoming more advanced and efficient, making it a more viable option for commercial development.
- There is an increasing need for cleaner energy sources, and FLNG fits that bill perfectly; it produces no emissions whatsoever!
- Governments are beginning to see the benefits of using FLNG as a way to reduce their carbon footprints – which could lead to even more investment in this technology down the road
Scope Of The Report
Report Attributes
Report Details
Report Title
FLNG Market Research Report
By Type
LNG FPSO, FSRU
By Application
Residential, Commercial, Industrial
By Companies
Golar LNG, Hoegh LNG, Excelerate Energy, Exmar, Eni, Ophir Energy, Mitsui O.S.K, Lines, Royal Dutch Shell, Petronas, Golar LNG, Woodside Petroleum, Samsung Heavy Industries, DSME and Associates, Hyundai Heavy Industries, Mitsubishi Heavy Industries
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global FLNG Market Report Segments:
The global FLNG market is segmented on the basis of:
Types
LNG FPSO, FSRU
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
Residential, Commercial, Industrial
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:
- Golar LNG
- Hoegh LNG
- Excelerate Energy
- Exmar
- Eni
- Ophir Energy
- Mitsui O.S.K
- Lines
- Royal Dutch Shell
- Petronas
- Golar LNG
- Woodside Petroleum
- Samsung Heavy Industries
- DSME and Associates
- Hyundai Heavy Industries
- Mitsubishi Heavy Industries
Highlights of The FLNG 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:
- LNG FPSO
- FSRU
- By Application:
- Residential
- Commercial
- Industrial
- 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 FLNG 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
- Identifying Appropriate Advertising Appeals
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?
FLNG is an abbreviation for Floating Liquefied Natural Gas.
Some of the key players operating in the flng market are Golar LNG, Hoegh LNG, Excelerate Energy, Exmar, Eni, Ophir Energy, Mitsui O.S.K, Lines, Royal Dutch Shell, Petronas, Golar LNG, Woodside Petroleum, Samsung Heavy Industries, DSME and Associates, Hyundai Heavy Industries, Mitsubishi Heavy Industries.
The flng market is expected to register a CAGR of 11.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 FLNG Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 FLNG Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 FLNG Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the FLNG Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global FLNG Market Size & Forecast, 2018-2028
4.5.1 FLNG Market Size and Y-o-Y Growth
4.5.2 FLNG Market Absolute $ Opportunity
Chapter 5 Global FLNG Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 FLNG Market Size Forecast by Type
5.2.1 LNG FPSO
5.2.2 FSRU
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global FLNG Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 FLNG Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global FLNG Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 FLNG Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America FLNG Analysis and Forecast
9.1 Introduction
9.2 North America FLNG Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America FLNG Market Size Forecast by Type
9.6.1 LNG FPSO
9.6.2 FSRU
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America FLNG Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe FLNG Analysis and Forecast
10.1 Introduction
10.2 Europe FLNG Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe FLNG Market Size Forecast by Type
10.6.1 LNG FPSO
10.6.2 FSRU
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe FLNG Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific FLNG Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific FLNG Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific FLNG Market Size Forecast by Type
11.6.1 LNG FPSO
11.6.2 FSRU
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific FLNG Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America FLNG Analysis and Forecast
12.1 Introduction
12.2 Latin America FLNG Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America FLNG Market Size Forecast by Type
12.6.1 LNG FPSO
12.6.2 FSRU
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America FLNG Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) FLNG Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) FLNG Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) FLNG Market Size Forecast by Type
13.6.1 LNG FPSO
13.6.2 FSRU
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) FLNG Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 FLNG Market: Competitive Dashboard
14.2 Global FLNG Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Golar LNG
14.3.2 Hoegh LNG
14.3.3 Excelerate Energy
14.3.4 Exmar
14.3.5 Eni
14.3.6 Ophir Energy
14.3.7 Mitsui O.S.K
14.3.8 Lines
14.3.9 Royal Dutch Shell
14.3.10 Petronas
14.3.11 Golar LNG
14.3.12 Woodside Petroleum
14.3.13 Samsung Heavy Industries
14.3.14 DSME and Associates
14.3.15 Hyundai Heavy Industries
14.3.16 Mitsubishi Heavy Industries
