Energy & Power
Global FSRU (Floating Storage and Regasification Unit) Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global FSRU (Floating Storage and Regasification Unit) Market, By Construction Type (Newly Built and Converted), Storage Type (Small, Medium, and Large), Application (Industrial, Power Generation, and Others), Regasification Capacity (Less than 2.5 MTA, 2.2 to 5.5 MTA, and Above 5.5 MTA), Storage Capacity (Upto 140,000 m3, 140,000 to 180,000 m3, and Above 180,000 m3), Platform Type (Offshore and Inshore), Design Type (Barge Based and Carrier Vessel Based), Heating (Open Looped, Closed-roofed, IFV, Floating, and Others), End-User (Oil & Gas Industry, Marine, Transportation, and Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global FSRU (Floating Storage and Regasification Unit) market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
A Floating Storage and Regasification Unit (FSRU) is a crucial component in the liquefied natural gas (LNG) supply chain. It serves as a floating terminal for the import, storage, and regasification of LNG before it is transported to consumers via pipelines or other means.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Decommissioning of traditional facilities
- Energy transition and environmental regulations
RESTRAINTS
- Geopolitical risks and regulatory uncertainty
- Supply chain disruptions and construction delays
OPPORTUNITIES
- Infrastructure development in offshore gas discoveries
- Small-scale LNG and bunkering
CHALLENGES
- High initial investment
- Market volatility
SEGMENTATION
- Construction Type
- Newly Built
- Converted
- Storage Type
- Small
- Medium
- Large
- Application
- Industrial
- Power Generation
- Others
- Regasification Capacity
- Less than 2.5 MTA
- 2.2 to 5.5 MTA
- Above 5.5 MTA
- Storage Capacity
- Upto 140,000 m3
- 140,000 to 180,000 m3
- Above 180,000 m3
- Platform Type
- Offshore
- Inshore
- Design Type
- Barge Based
- Carrier Vessel Based
- Heating
- Open Looped
- Closed-roofed
- IFV
- Floating
- Others
- End-User
- Oil & Gas Industry
- Marine
- Transportation
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Excelerate energy
- BW Gas
- Trafigura
- Golar LNG
- Bumi Armada
- FLEX LNG
- HOEGH LNG
- EXMAR
- GAZPROM, PAO
- Maran Gas Maritime Inc.
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global FSRU (Floating Storage and Regasification Unit) Market, by Construction Type
- 3.2 Global FSRU (Floating Storage and Regasification Unit) Market, by Storage Type
- 3.3 Global FSRU (Floating Storage and Regasification Unit) Market, by Application
- 3.4 Global FSRU (Floating Storage and Regasification Unit) Market, by Regasification Capacity
- 3.5 Global FSRU (Floating Storage and Regasification Unit) Market, by Storage Capacity
- 3.6 Global FSRU (Floating Storage and Regasification Unit) Market, by Platform Type
- 3.7 Global FSRU (Floating Storage and Regasification Unit) Market, by Design Type
- 3.8 Global FSRU (Floating Storage and Regasification Unit) Market, by Heating
- 3.9 Global FSRU (Floating Storage and Regasification Unit) Market, by End-User
- 3.10 Global FSRU (Floating Storage and Regasification Unit) Market, by Geography
- 3.11 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Modular and small-scale FSRUs
- 5.1.2 Decarbonization initiatives
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Decommissioning of traditional facilities
- 5.2.2 Energy transition and environmental regulations
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Geopolitical risks and regulatory uncertainty
- 5.3.2 Supply chain disruptions and construction delays
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Infrastructure development in offshore gas discoveries
- 5.4.2 Small-scale LNG and bunkering
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 High initial investment
- 5.5.2 Market volatility
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET, BY CONSTRUCTION TYPE
- 6.1 Construction Type Summary
- 6.2 Market Attractive Index
- 6.3 Global FSRU (Floating Storage and Regasification Unit) Market, by Construction Type (2019-2032)
- SECTION 7 - GLOBAL FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET, BY STORAGE TYPE
- 7.1 Storage Type Summary
- 7.2 Market Attractive Index
- 7.3 Global FSRU (Floating Storage and Regasification Unit) Market, by Storage Type (2019-2032)
- SECTION 8 - GLOBAL FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET, BY APPLICATION
- 8.1 Application Summary
- 8.2 Market Attractive Index
- 8.3 Global FSRU (Floating Storage and Regasification Unit) Market, by Application (2019-2032)
- SECTION 9 - GLOBAL FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET, BY REGASIFICATION CAPACITY
- 9.1 Regasification Capacity Summary
- 9.2 Market Attractive Index
- 9.3 Global FSRU (Floating Storage and Regasification Unit) Market, by Regasification Capacity (2019-2032)
- SECTION 10 - GLOBAL FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET, BY STORAGE CAPACITY
- 10.1 Storage Capacity Summary
- 10.2 Market Attractive Index
- 10.3 Global FSRU (Floating Storage and Regasification Unit) Market, by Storage Capacity (2019-2032)
- SECTION 11 - GLOBAL FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET, BY PLATFORM TYPE
- 11.1 Platform Type Summary
- 11.2 Market Attractive Index
- 11.3 Global FSRU (Floating Storage and Regasification Unit) Market, by Platform Type (2019-2032)
- SECTION 12 - GLOBAL FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET, BY DESIGN TYPE
- 12.1 Design Type Summary
- 12.2 Market Attractive Index
- 12.3 Global FSRU (Floating Storage and Regasification Unit) Market, by Design Type (2019-2032)
- SECTION 13 - GLOBAL FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET, BY HEATING
- 13.1 Heating Summary
- 13.2 Market Attractive Index
- 13.3 Global FSRU (Floating Storage and Regasification Unit) Market, by Heating (2019-2032)
- SECTION 14 - GLOBAL FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET, BY END-USER
- 14.1 End-User Summary
- 14.2 Market Attractive Index
- 14.3 Global FSRU (Floating Storage and Regasification Unit) Market, by End-User (2019-2032)
- SECTION 15 - GLOBAL FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET, BY GEOGRAPHY
- 15.1 Regional Summary
- 15.2 Market Attractive Index
- 15.3 Global FSRU (Floating Storage and Regasification Unit) Market, by Geography (2019-2032)
- SECTION 16 - NORTH AMERICA FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET
- 16.1 North America Summary
- 16.2 Market Attractive Index
- 16.3 North America FSRU (Floating Storage and Regasification Unit) Market, by Construction Type (2019-2032)
- 16.4 North America FSRU (Floating Storage and Regasification Unit) Market, by Storage Type (2019-2032)
- 16.5 North America FSRU (Floating Storage and Regasification Unit) Market, by Application (2019-2032)
- 16.6 North America FSRU (Floating Storage and Regasification Unit) Market, by Regasification Capacity (2019-2032)
- 16.7 North America FSRU (Floating Storage and Regasification Unit) Market, by Storage Capacity (2019-2032)
- 16.8 North America FSRU (Floating Storage and Regasification Unit) Market, by Platform Type (2019-2032)
- 16.9 North America FSRU (Floating Storage and Regasification Unit) Market, by Design Type (2019-2032)
- 16.10 North America FSRU (Floating Storage and Regasification Unit) Market, by Heating (2019-2032)
- 16.11 North America FSRU (Floating Storage and Regasification Unit) Market, by End-User (2019-2032)
- 16.12 North America FSRU (Floating Storage and Regasification Unit) Market, by Country (2019-2032)
- 16.12.1 U.S.
- 16.12.2 Canada
- 16.12.3 Mexico
- 16.12.4 Rest of North America
- SECTION 17 - EUROPE FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET
- 17.1 Europe Summary
- 17.2 Market Attractive Index
- 17.3 Europe FSRU (Floating Storage and Regasification Unit) Market, by Construction Type (2019-2032)
- 17.4 Europe FSRU (Floating Storage and Regasification Unit) Market, by Storage Type (2019-2032)
- 17.5 Europe FSRU (Floating Storage and Regasification Unit) Market, by Application (2019-2032)
- 17.6 Europe FSRU (Floating Storage and Regasification Unit) Market, by Regasification Capacity (2019-2032)
- 17.7 Europe FSRU (Floating Storage and Regasification Unit) Market, by Storage Capacity (2019-2032)
- 17.8 Europe FSRU (Floating Storage and Regasification Unit) Market, by Platform Type (2019-2032)
- 17.9 Europe FSRU (Floating Storage and Regasification Unit) Market, by Design Type (2019-2032)
- 17.10 Europe FSRU (Floating Storage and Regasification Unit) Market, by Heating (2019-2032)
- 17.11 Europe FSRU (Floating Storage and Regasification Unit) Market, by End-User (2019-2032)
- 17.12 Europe FSRU (Floating Storage and Regasification Unit) Market, by Country (2019-2032)
- 17.12.1 Germany
- 17.12.2 U.K.
- 17.12.3 France
- 17.12.4 Italy
- 17.12.5 Spain
- 17.12.6 Russia
- 17.12.7 The Netherlands
- 17.12.8 Belgium
- 17.12.9 Turkey
- 17.12.10 Rest of Europe
- SECTION 18 - ASIA-PACIFIC FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET
- 18.1 Asia-Pacific Summary
- 18.2 Market Attractive Index
- 18.3 Asia-Pacific FSRU (Floating Storage and Regasification Unit) Market, by Construction Type (2019-2032)
- 18.4 Asia-Pacific FSRU (Floating Storage and Regasification Unit) Market, by Storage Type (2019-2032)
- 18.5 Asia-Pacific FSRU (Floating Storage and Regasification Unit) Market, by Application (2019-2032)
- 18.6 Asia-Pacific FSRU (Floating Storage and Regasification Unit) Market, by Regasification Capacity (2019-2032)
- 18.7 Asia-Pacific FSRU (Floating Storage and Regasification Unit) Market, by Storage Capacity (2019-2032)
- 18.8 Asia-Pacific FSRU (Floating Storage and Regasification Unit) Market, by Platform Type (2019-2032)
- 18.9 Asia-Pacific FSRU (Floating Storage and Regasification Unit) Market, by Design Type (2019-2032)
- 18.10 Asia-Pacific FSRU (Floating Storage and Regasification Unit) Market, by Heating (2019-2032)
- 18.11 Asia-Pacific FSRU (Floating Storage and Regasification Unit) Market, by End-User (2019-2032)
- 18.12 Asia-Pacific FSRU (Floating Storage and Regasification Unit) Market, by Country (2019-2032)
- 18.12.1 China
- 18.12.2 India
- 18.12.3 Japan
- 18.12.4 South Korea
- 18.12.5 Singapore
- 18.12.6 Malaysia
- 18.12.7 Australia
- 18.12.8 Thailand
- 18.12.9 Philippines
- 18.12.10 Rest of Asia-Pacific
- SECTION 19 - SOUTH AMERICA FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET
- 19.1 South America Summary
- 19.2 Market Attractive Index
- 19.3 South America FSRU (Floating Storage and Regasification Unit) Market, by Construction Type (2019-2032)
- 19.4 South America FSRU (Floating Storage and Regasification Unit) Market, by Storage Type (2019-2032)
- 19.5 South America FSRU (Floating Storage and Regasification Unit) Market, by Application (2019-2032)
- 19.6 South America FSRU (Floating Storage and Regasification Unit) Market, by Regasification Capacity (2019-2032)
- 19.7 South America FSRU (Floating Storage and Regasification Unit) Market, by Storage Capacity (2019-2032)
- 19.8 South America FSRU (Floating Storage and Regasification Unit) Market, by Platform Type (2019-2032)
- 19.9 South America FSRU (Floating Storage and Regasification Unit) Market, by Design Type (2019-2032)
- 19.10 South America FSRU (Floating Storage and Regasification Unit) Market, by Heating (2019-2032)
- 19.11 South America FSRU (Floating Storage and Regasification Unit) Market, by End-User (2019-2032)
- 19.12 South America FSRU (Floating Storage and Regasification Unit) Market, by Country (2019-2032)
- 19.12.1 Brazil
- 19.12.2 Argentina
- 19.12.3 Chile
- 19.12.4 Colombia
- 19.12.5 Rest of South America
- SECTION 20 - MIDDLE EAST AND AFRICA FSRU (FLOATING STORAGE AND REGASIFICATION UNIT) MARKET
- 20.1 Middle East and Africa Summary
- 20.2 Market Attractive Index
- 20.3 Middle East and Africa FSRU (Floating Storage and Regasification Unit) Market, by Construction Type (2019-2032)
- 20.4 Middle East and Africa FSRU (Floating Storage and Regasification Unit) Market, by Storage Type (2019-2032)
- 20.5 Middle East and Africa FSRU (Floating Storage and Regasification Unit) Market, by Application (2019-2032)
- 20.6 Middle East and Africa FSRU (Floating Storage and Regasification Unit) Market, by Regasification Capacity (2019-2032)
- 20.7 Middle East and Africa FSRU (Floating Storage and Regasification Unit) Market, by Storage Capacity (2019-2032)
- 20.8 Middle East and Africa FSRU (Floating Storage and Regasification Unit) Market, by Platform Type (2019-2032)
- 20.9 Middle East and Africa FSRU (Floating Storage and Regasification Unit) Market, by Design Type (2019-2032)
- 20.10 Middle East and Africa FSRU (Floating Storage and Regasification Unit) Market, by Heating (2019-2032)
- 20.11 Middle East and Africa FSRU (Floating Storage and Regasification Unit) Market, by End-User (2019-2032)
- 20.12 Middle East and Africa FSRU (Floating Storage and Regasification Unit) Market, by Country (2019-2032)
- 20.12.1 Kingdom of Saudi Arabia
- 20.12.2 South Africa
- 20.12.3 U.A.E.
- 20.12.4 Egypt
- 20.12.5 Rest of Middle East and Africa
- SECTION 21 - COMPANY SHARE ANALYSIS
- 21.1 Global FSRU (Floating Storage and Regasification Unit) Market, Company Share Analysis
- 21.2 North America FSRU (Floating Storage and Regasification Unit) Market, Company Share Analysis
- 21.3 Europe FSRU (Floating Storage and Regasification Unit) Market, Company Share Analysis
- 21.4 Asia-Pacific FSRU (Floating Storage and Regasification Unit) Market, Company Share Analysis
- SECTION 22 - COMPANY PROFILES
- 22.1 Excelerate energy
- 22.1.1 Company Snapshot
- 22.1.2 Financial Overview
- 22.1.3 Product Portfolio
- 22.1.4 Recent Developments
- 22.2 BW Gas
- 22.2.1 Company Snapshot
- 22.2.2 Financial Overview
- 22.2.3 Product Portfolio
- 22.2.4 Recent Developments
- 22.3 Trafigura
- 22.3.1 Company Snapshot
- 22.3.2 Financial Overview
- 22.3.3 Product Portfolio
- 22.3.4 Recent Developments
- 22.4 Golar LNG
- 22.4.1 Company Snapshot
- 22.4.2 Financial Overview
- 22.4.3 Product Portfolio
- 22.4.4 Recent Developments
- 22.5 Bumi Armada
- 22.5.1 Company Snapshot
- 22.5.2 Financial Overview
- 22.5.3 Product Portfolio
- 22.5.4 Recent Developments
- 22.6 FLEX LNG
- 22.6.1 Company Snapshot
- 22.6.2 Financial Overview
- 22.6.3 Product Portfolio
- 22.6.4 Recent Developments
- 22.7 HOEGH LNG
- 22.7.1 Company Snapshot
- 22.7.2 Financial Overview
- 22.7.3 Product Portfolio
- 22.7.4 Recent Developments
- 22.8 EXMAR
- 22.8.1 Company Snapshot
- 22.8.2 Financial Overview
- 22.8.3 Product Portfolio
- 22.8.4 Recent Developments
- 22.9 GAZPROM, PAO
- 22.9.1 Company Snapshot
- 22.9.2 Financial Overview
- 22.9.3 Product Portfolio
- 22.9.4 Recent Developments
- 22.10 Maran Gas Maritime Inc.
- 22.10.1 Company Snapshot
- 22.10.2 Financial Overview
- 22.10.3 Product Portfolio
- 22.10.4 Recent Developments
- SECTION 23 - RELATED REPORTS
- SECTION 24 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.