Home > CityNews > Global Floating Liquefied Natural Gas (FLNG) Market is expected to reach USD 73.7 Billion in 2024| I

Global Floating Liquefied Natural Gas (FLNG) Market is expected to reach USD 73.7 Billion in 2024| I

Added: (Sat Mar 10 2018)

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According to Goldstein Research, Global floating liquefied natural gas market is expected to reach USD 73.7 billion by the end of 2024 from USD 7.1 billion in 2016, growing at a CAGR of 24.0% over the forecast period, 2016-2024. The inclination towards sustainable environment has aroused the demand for clean and affordable fuel and gas fueled power plants, thus being the major driver in the growth of FLNG market. Global floating liquefied natural gas Industry Analysis has been done on the basis of technology, production capacity, mode of deployment and geography. With the growing demand for FLNG, there are major hurdles in the growth of the market such as complex nature of the projects, license expiration, government regulations and fluctuating oil and gas prices globally. Global floating liquefied natural gas market Size is dominated by Middle East and Africa with 48% market share on account of the major projects established in region. Asia-Pacific region is expected to grow at fast rate over the forecast period being the most opportunistic region for the growth of FLNG market.

Market Segmentation
On the basis of our in-depth analysis, GlobalFloating Liquefied Natural Gas Market can be segmented as follows:
• Based on Type of Technology
o LNG Floating Production Storage and Offloading (FPSO)
o Floating Storage Regasification Unit (FSRU)
• Based on Production Capacity
o Small/Mid-Scale (0-2.9 MTPA)
o Large Scale (3 MTPA and above)
• Based on Mode of Deployment
o Near Shore
o Offshore
• Based on region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Floating Liquefied Natural Market Research”contains detailed overview of the Global floating liquefied natural gas market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology, production capacity and mode of deployment.
Further, for the in-depth analysis, Global Floating Liquefied Natural Gas Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asRoyal Dutch Shell, Golar LNG, Excelerate Energy L.P., Exmar NV, Höegh LNG, Eni, Mitsui O.S.K. Lines, Petronas, Ophir Energy, Noble Energy, Samsung Heavy Industries, Hyundai Heavy Industries, Woodside Petroleum, Perenco, Mitsubishi Heavy Industries, Black & Veatch Holding Company, JGC Corporation, KBR Inc., Saipem S.p.A., TechnipFMC plc, DAEWOO Shipbuilding & Marine Engineering Co., Ltd. (DSME),etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the Globalfloating liquefied natural gas market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of Global and regional variations along with competitors’ overview. Our analysts working on energy resources reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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Submitted by:Steveblade
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