Floating Storage Regasification Unit (FSRU) Market Size to Grow by USD 708.98 Million, BUMI ARMADA BERHAD and BW Group Among Key Vendors - Technavio

NEW YORK, Nov. 14, 2022 /PRNewswire/ -- The floating storage regasification unit (FSRU) market size is expected to grow by USD 708.98 million from 202 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 7.61% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request our Latest Free Sample Report 

Floating Storage Regasification Unit (FSRU) Market 2022-2026: Scope

The floating storage regasification unit (FSRU) market report covers the following areas:

• Floating Storage Regasification Unit (FSRU) Market Size
• Floating Storage Regasification Unit (FSRU) Market Trends
• Floating Storage Regasification Unit (FSRU) Market Industry Analysis

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Floating Storage Regasification Unit (FSRU) Market 2022-2026: Vendor Analysis

Angelicoussis Group, BUMI ARMADA BERHAD, BW Group, Daewoo Shipbuilding & Marine Engineering Co Ltd, Dynagas Ltd., Eni Spa, Excelerate Energy Inc., Exmar NV, Flex LNG Ltd., Golar LNG Ltd., H Energy Group of Companies, Hoegh LNG Holdings Ltd., Jaya Samudra Karunia Group, LNG Hrvatska d.o.o, Mitsui & Co. Ltd, OLT Offshore LNG Toscana Spa, SENER GRUPO DE INGENIERIA SA, Swan Energy Ltd., Teekay Corp., and Trafigura Group Pte. Ltd. are among some of the major market participants. The key offerings of some of these vendors are listed below:

• BUMI ARMADA BERHAD - The company offers floating storage regasification units such as Armada TGT 1 and Armada sterling.
• BW Group - The company offers floating storage regasification units to create floating solutions for LNG.
• Daewoo Shipbuilding & Marine Engineering Co Ltd - The company offers floating storage regasification units such as LNG carriers and LNG FSRUs.
• Excelerate Energy Inc. - The company offers floating storage regasification units such as FSRU 101.
• Exmar NV - The company offers floating storage regasification units, which include over 10 new building FSRUs, 5 FSRU conversions, and the commissioning of in total more than 15 FSRU terminals.

This report provides a full list of key vendors, their strategies, and the latest developments. Request a FREE PDF Sample Now

Floating Storage Regasification Unit (FSRU) Market 2022-2026: Driver and Challenge

The cost competitiveness of FSRUs is driving the global floating storage regasification unit (FSRU) market growth. An FSRU is a floating LNG facility that can be deployed easily for end-to-end transportation. It uses a hybrid shipping vessel for the transportation of LNG. These ships offer a solution to the shortage of fuel, which drives their rate of adoption. These competitive advantages as well as the global measures toward increasing the adoption of clean fuels are expected to drive the growth of the FSRU market during the forecast period.

The growth in a number of alternatives for natural gas transportation is challenging the global floating storage regasification unit (FSRU) market growth. The transportation of LNG includes the use of vessels such as FSRUs, floating production storage and offloading (FPSO) vessels, and floating storage and offloading (FSO) units. An FPSO unit contains a hydrocarbon storage system underneath the deck. The advantages of FPSO units include less investment, rapid development of the fleet, easy relocation to other fields, and low cost of abandonment. These alternatives are used mainly for offshore gas storage and transportation. Hence, the high rate of adoption of FSO and FPSO will impede the growth of the market during the forecast period.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Buy Now for detailed segment information

Floating Storage Regasification Unit (FSRU) Market 2022-2026: Segmentation

• End-user 
• Power Generation
• Industrial
• Others
• Geography 
• Middle East And Africa
• APAC
• Europe
• North America
• South America

Floating Storage Regasification Unit (FSRU) Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist floating storage regasification unit (FSRU) market growth during the next five years
• Estimation of the floating storage regasification unit (FSRU) market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the floating storage regasification unit (FSRU) market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of floating storage regasification unit (FSRU) market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Power generation - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Power generation - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Power generation - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Power generation - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Power generation - Year-over-year growth 2021-2026 (%)

• 5.4 Industrial - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Industrial - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Industrial - Year-over-year growth 2021-2026 (%)

• 5.5 Others - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by End-user 
• Exhibit 40: Market opportunity by End-user ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 46: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026 
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026 
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 North America - Market size and forecast 2021-2026 
• Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026 
• Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 Russia - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Russia - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Russia - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Russia - Year-over-year growth 2021-2026 (%)

• 7.9 Iran - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Iran - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Iran - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Iran - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Iran - Year-over-year growth 2021-2026 (%)

• 7.10 Qatar - Market size and forecast 2021-2026 
• Exhibit 74: Chart on Qatar - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Qatar - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Qatar - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Qatar - Year-over-year growth 2021-2026 (%)

• 7.11 China - Market size and forecast 2021-2026 
• Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.12 US - Market size and forecast 2021-2026 
• Exhibit 82: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 BUMI ARMADA BERHAD
• Exhibit 93: BUMI ARMADA BERHAD - Overview
• Exhibit 94: BUMI ARMADA BERHAD - Business segments
• Exhibit 95: BUMI ARMADA BERHAD - Key offerings
• Exhibit 96: BUMI ARMADA BERHAD - Segment focus

• 10.4 BW Group
• Exhibit 97: BW Group - Overview
• Exhibit 98: BW Group - Product / Service
• Exhibit 99: BW Group - Key offerings

• 10.5 Daewoo Shipbuilding & Marine Engineering Co Ltd 
• Exhibit 100: Daewoo Shipbuilding & Marine Engineering Co Ltd - Overview
• Exhibit 101: Daewoo Shipbuilding & Marine Engineering Co Ltd - Product / Service
• Exhibit 102: Daewoo Shipbuilding & Marine Engineering Co Ltd - Key offerings

• 10.6 Excelerate Energy Inc. 
• Exhibit 103: Excelerate Energy Inc. - Overview
• Exhibit 104: Excelerate Energy Inc. - Product / Service
• Exhibit 105: Excelerate Energy Inc. - Key news
• Exhibit 106: Excelerate Energy Inc. - Key offerings

• 10.7 Exmar NV
• Exhibit 107: Exmar NV - Overview
• Exhibit 108: Exmar NV - Business segments
• Exhibit 109: Exmar NV - Key offerings
• Exhibit 110: Exmar NV - Segment focus

• 10.8 Golar LNG Ltd.
• Exhibit 111: Golar LNG Ltd. - Overview
• Exhibit 112: Golar LNG Ltd. - Business segments
• Exhibit 113: Golar LNG Ltd. - Key news
• Exhibit 114: Golar LNG Ltd. - Key offerings
• Exhibit 115: Golar LNG Ltd. - Segment focus

• 10.9 H Energy Group of Companies 
• Exhibit 116: H Energy Group of Companies - Overview
• Exhibit 117: H Energy Group of Companies - Product / Service
• Exhibit 118: H Energy Group of Companies - Key offerings

• 10.10 Hoegh LNG Holdings Ltd. 
• Exhibit 119: Hoegh LNG Holdings Ltd. - Overview
• Exhibit 120: Hoegh LNG Holdings Ltd. - Business segments
• Exhibit 121: Hoegh LNG Holdings Ltd. - Key news
• Exhibit 122: Hoegh LNG Holdings Ltd. - Key offerings
• Exhibit 123: Hoegh LNG Holdings Ltd. - Segment focus

• 10.11 Jaya Samudra Karunia Group 
• Exhibit 124: Jaya Samudra Karunia Group - Overview
• Exhibit 125: Jaya Samudra Karunia Group - Product / Service
• Exhibit 126: Jaya Samudra Karunia Group - Key offerings

• 10.12 Mitsui & Co. Ltd
• Exhibit 127: Mitsui & Co. Ltd - Overview
• Exhibit 128: Mitsui & Co. Ltd - Business segments
• Exhibit 129: Mitsui & Co. Ltd - Key offerings
• Exhibit 130: Mitsui & Co. Ltd - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 131: Inclusions checklist
• Exhibit 132: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 133: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 134: Research methodology
• Exhibit 135: Validation techniques employed for market sizing
• Exhibit 136: Information sources

• 11.5 List of abbreviations 
• Exhibit 137: List of abbreviations

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