Global FSRU (Floating Storage and Regasification Unit) Market- Industry Analysis and Forecast (2019 – 2027

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Global FSRU (Floating Storage and Regasification Unit) Marketis expected to reach US$ XX Mn by 2027 from US$ XX Mn in 2019 at a CAGR of 8.7% during the forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Global FSRU (Floating Storage and Regasification Unit) Market Dynamics:

The FSRU (i.e. Floating Storage Regasification Unit) is used to produce hydrocarbons, supply natural gas, and energy sectors. The FSRU is a flexible and quick way of supplying natural gas for fast track projects.

The global market for FSRU is expected to flourish over the upcoming years as demand for LNG continues to grow. The worldwide demand for eco-friendly fuels like LNG and CNG are expected to increase in the future. Also, these fuel variants come at lower costs as compared to other fossil fuels. LNG is the less harmful gas and it is increasingly used in major economies to expand their energy mix. Various LNG projects in economies such as the U.S. and Russia are likely to successfully operate in the next two years, are expected to drive the FSRU market globally.

Technological flexibility, mobility, feasibility, and availability are some of the major benefits of FSRUs, which is aiding to draw commercial interest towards them. However, low storage capacity to hold the storage of LNG may hamper the market growth globally. The MMR report contains a detailed study of factors that will drive and restrain the Global FSRU (Floating Storage and Regasification Unit) Market growth.
Global FSRU (Floating Storage and Regasification Unit) Market Segment Analysis:

The MMR report also covers the segments in the FSRU market such as heating, application, and end-user. By heating, the floating segment was valued at US$ XX Mn. in 2019 and is expected to reach US$ XX Mn. by 2027 at a CAGR of XX.33% over the forecast period. Floating is a type of FSRU, which is extensively used to control environmental pollution and securely store LNG.
Global FSRU (Floating Storage and Regasification Unit) Market Regional Insights:

APAC is expected to hold the largest XX% share in the FSRU market because of the growing need for gas and power conversion units. Rising investments in FSRU and lower cost of renewable energy is driving Asian economies like India and Bangladesh to expand their FSRU. The Asian market growth is supported the extensive availability, & accessibility from the supply side.

Middle East also plays important role in FSRU market, with market size of US$ XX Mn. in 2019 and will be US$ XX Mn. in 2027, with a CAGR of XX%. This growth is attributed to the abundant availability of LNG for production and it is a major supplier to the globe. Likewise, the MMR report offers a brief analysis of the major regions in the FSRU market, namely, Europe, North America, South America, Asia-Pacific, and the Middle East & Africa.

The research study includes the profiles of leading companies operating in the FSRU market globally. Such as, in Feb 2017, Excelerate energy, Ltd. signed an agreement with DSME (Daewoo Shipbuilding and Marine Engineering) for the delivery of able to 7 Floating Storage & Regasification Unit (FSRU) vessels.

The objective of the report is to present a comprehensive analysis of the Global FSRU (Floating Storage and Regasification Unit) Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global FSRU (Floating Storage and Regasification Unit) Market dynamics, structure by analyzing the market segments and projects the Global FSRU (Floating Storage and Regasification Unit) Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global FSRU (Floating Storage and Regasification Unit) Market make the report investor’s guide.
Global FSRU (Floating Storage and Regasification Unit) Market Scope:

Global FSRU (Floating Storage and Regasification Unit) Market, By Heating

• Open Looped
• Closed-roofed
• IFV
• Floating
• Others
Global FSRU (Floating Storage and Regasification Unit) Market, By Application

• Supply Natural Gas
• Hydrocarbon Production
• Other
Global FSRU (Floating Storage and Regasification Unit) Market, By End User

• Oil & Gas Industry
• Marine
• Transportation
• Others End Users
Global FSRU (Floating Storage and Regasification Unit) Market, By Region

• Asia Pacific
 India
 China
 Japan
 South Korea
 Australia
 Indonesia
 Malaysia
 Vietnam
 Rest of Asia
• North America
 U.S.
 Canada
• Europe
 U.K
 Germany
 France
 Russia
 Spain
 Italy
 Rest of EU
• South America
 Mexico
 Brazil
 Rest of South America
• Middle East & Africa
 GCC
 South Africa
 Rest of MEA
Global FSRU (Floating Storage and Regasification Unit) Market Key Players:

• Trafigura
• Excelerate energy, Ltd.
• EXMAR
• FLEX LNG
• Bumi Armada
• Golar LNG
• HOEGH LNG
• BW Gas
• Mitsui O.S.K. Lines
• Teekay LNG Partners
• Maran Gas Maritime Inc.
• Offshore LNG Toscana SpA
• Gazprom FLEX LNG
• Others

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