Market Overview:
The global LNG-FSRU market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LNG as a fuel source and the growing popularity of FSRUs as an alternative to traditional LNG carriers. The global LNG-FSRU market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into retrofit and new. The retrofit segment is expected to account for a larger share of the global LNG-FSRU market than the new segment duringthe forecast period from 2018to 2030. This can be attributedtothe high installation costs associated withnew FSRUsand their longer gestation periods compared with retrofitted FSRUs.
Product Definition:
LNG-FSRU is a floating storage and regasification unit for liquefied natural gas (LNG). It is a vessel that receives LNG from tankers, stores the LNG, and then converts it back to natural gas for distribution. The importance of LNG-FSRU is that it provides a way to store and distribute large quantities of natural gas. This can be helpful in times of high demand or when there are disruptions in the supply of natural gas.
Retrofit:
Retrofit is a term used in the energy sector for referring to the replacement of an existing plant or facility with a new one that has been modified to deliver a specific output. In LNG-FSRU market, retrofit refers to modification of Existing Large Gas Turbine (ELGT) power plants for producing low carbon emission gas turbine power using clean coal technology and natural gas as fuel.
New:
The New is a new generation of gas turbine, which has higher thermal efficiency and lower emission than the conventional gas turbines. The major advantage of using this product is that it can reduce carbon dioxide emissions by approximately 80% when compared with the current average coal-based power plant.
This product also provides high fuel flexibility, as it can run on various types of fuels including natural gas, biogas and even liquid hydrogen.
Application Insights:
Inland transportation application dominated the global LNG-FSRU market in 2017, accounting for over 60% of the overall revenue share. The segment is projected to witness significant growth on account of increasing demand for natural gas as a fuel in trucks and buses across various regions including North America and Europe. In addition, growing FSRU production capacity in U.S., Australia, Brazil and China is expected to drive the product demand over the forecast period.
The outer river transportation application segment was valued at USD 1,227.3 million in 2017 owing to rising use of LNG as an alternative fuel source in large vessels such as oil barges and chemical tankers on account of its cleaner combustion quality when compared with other fossil fuels such as diesel or gasolineoil.
Regional Analysis:
Asia Pacific dominated the global LNG-FSRU market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for natural gas as a fuel in China, India, South Korea, and Japan. Moreover, rising infrastructure development along with growing industrialization is projected to drive regional product demand over the next eight years.
The Asia Pacific was followed by North America which accounted for 24% of total market share in terms of revenue in 2017 owing to increased inland transportation projects coupled with retrofit activities across major countries such as U.S., Canada, Mexico on account of stringent government norms regarding carbon emission into atmosphere resulting into need for cleaner fuels such as natural gasoil/fuel oil products which are anticipated to augment regional growth during the forecast period.
Europe also held a significant share due to increasing focus towards reducing dependency on other fossil fuels such as petroleum.
Growth Factors:
- Increasing demand for LNG as a cleaner fuel source compared to other traditional fuels sources such as diesel and heavy fuel oil.
- FSRUs provide a more flexible and cost effective option for smaller scale or isolated LNG import projects, when compared to traditional onshore liquefaction terminals.
- The global fleet of FSRUs is expected to grow over the next decade, which will help meet the increasing demand for LNG-FSRU services.
- Regulatory changes in certain countries are supporting the development of the LNG-FSRU market, such as in India where there is an increase in import tariffs on traditional fuels sources like diesel and heavy fuel oil .
Scope Of The Report
Report Attributes
Report Details
Report Title
LNG-FSRU Market Research Report
By Type
Retrofit, New
By Application
Inland Transportation, Outer River Transportation
By Companies
Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, Samsung Heavy Industries, Hudong-Zhonghua Shipbuilding, Sembcorp Marine, Keppel Offshore & Marine, Wison, The Kuok Group
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global LNG-FSRU Market Report Segments:
The global LNG-FSRU market is segmented on the basis of:
Types
Retrofit, New
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
Inland Transportation, Outer River Transportation
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:
- Hyundai Heavy Industries
- Daewoo Shipbuilding & Marine Engineering
- Samsung Heavy Industries
- Hudong-Zhonghua Shipbuilding
- Sembcorp Marine
- Keppel Offshore & Marine
- Wison
- The Kuok Group
Highlights of The LNG-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:
- Retrofit
- New
- By Application:
- Inland Transportation
- Outer River Transportation
- 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 LNG-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
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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?
LNG-FSRU is a software that helps companies manage their LNG supply chains. It provides a centralized platform for managing all aspects of an LNG supply chain, from procurement to delivery.
Some of the major players in the lng-fsru market are Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, Samsung Heavy Industries, Hudong-Zhonghua Shipbuilding, Sembcorp Marine, Keppel Offshore & Marine, Wison, The Kuok Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LNG-FSRU 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 LNG-FSRU Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LNG-FSRU 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 LNG-FSRU 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 LNG-FSRU Market Size & Forecast, 2020-2028
4.5.1 LNG-FSRU Market Size and Y-o-Y Growth
4.5.2 LNG-FSRU Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Retrofit
5.2.2 New
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Inland Transportation
6.2.2 Outer River Transportation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LNG-FSRU 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 LNG-FSRU 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Retrofit
9.6.2 New
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 Market Size Forecast by Applications
9.10.1 Inland Transportation
9.10.2 Outer River Transportation
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Retrofit
10.6.2 New
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 Market Size Forecast by Applications
10.10.1 Inland Transportation
10.10.2 Outer River Transportation
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Retrofit
11.6.2 New
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 Market Size Forecast by Applications
11.10.1 Inland Transportation
11.10.2 Outer River Transportation
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Retrofit
12.6.2 New
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 Market Size Forecast by Applications
12.10.1 Inland Transportation
12.10.2 Outer River Transportation
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Retrofit
13.6.2 New
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) Market Size Forecast by Applications
13.10.1 Inland Transportation
13.10.2 Outer River Transportation
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 LNG-FSRU Market: Competitive Dashboard
14.2 Global LNG-FSRU Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hyundai Heavy Industries
14.3.2 Daewoo Shipbuilding & Marine Engineering
14.3.3 Samsung Heavy Industries
14.3.4 Hudong-Zhonghua Shipbuilding
14.3.5 Sembcorp Marine
14.3.6 Keppel Offshore & Marine
14.3.7 Wison
14.3.8 The Kuok Group
