Emergen Research latest document, titled ‘Global Floating Liquefied Natural Gas Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Floating Liquefied Natural Gas market. The report’s authors have offered necessary details on the latest Floating Liquefied Natural Gas market trends and the crucial parameters impacting both short-term and long-term market growth.
The global Floating Liquefied Natural Gas (FLNG) market size reached USD 19.21 Billion in 2022 and is expected to register a revenue CAGR of 4.7 % during the forecast period, according to latest analysis by Emergen Research. Rapid demand for floating liquefied natural gas (FLNG) for power generation is driving revenue growth of the market. Several leading offshore drilling companies are acquiring onshore floating liquefied natural gas technology to fuel production of Liquefied Natural Gas (LNG) in order to meet rising demand for industrial gas globally. According to the International Energy Agency (IEA), global gas production is expected to growth 30% by 2040. Additionally, technological advancements in offshore drilling technology is accelerating market revenue growth. FLNG technology helps to extract gas from underwater fields that were previously difficult to access due to economic or environmental reasons. Many industries are sourcing significant volumes of LNG to ease supply chain processes. Companies are investing in latest floating drilling technology to reduce costs and additional investments in compression units, dredging, pipelines, and others. However, rising concerns regarding regulatory, pollution, and climate change are restraining growth of the market. According to World Economic Forum (WEF), global emissions of carbon dioxide from fossil fuels and cement production rose by 1.0% in 2022, reaching a record high of 36.6 billion tons of CO2 (GtCO2). In January 2023, a German environmental organization filed a complaint against permission for a newly built floating liquefied natural gas terminal in Wilhelmshaven, claiming release of chlorine is harmful and German climate targets could be put at risk.
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Market Scope:
One of the report’s central components is the broad Floating Liquefied Natural Gas market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period.
The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Floating Liquefied Natural Gas market players.
Leading Players Profiled in the Report:
Shell Plc, BASF SE, ABB Limited, Chiyoda Corporation, Samsung Heavy Industries Co., Ltd., Linde plc, JGC Holdings Corporation., Excelerate Energy, Inc., BP Plc, TotalEnergies Trading SA, Petronas LNG Ltd. , Baker Hughes Company, Technip Energies N.V., Höegh LNG AS, Golar LNG Limited, Black Veatch Holding Company
Segmental Analysis
The global Floating Liquefied Natural Gas market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Floating Liquefied Natural Gas sector in a strategic manner.
The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Technology Outlook (Revenue, USD Billion; 2019-2032)
- Floating Storage Regasification Unit (FSRU)
- Floating Production Storage and Offloading (FPSO)
Capacity Outlook (Revenue, USD Billion; 2019-2032)
- Large-scale FLNG
- Mid-scale FLNG
- Small-scale FLNG
End-use Outlook (Revenue, USD Billion; 2019-2032)
- Power Generation
- Industrial
- Others
Key geographical areas:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Floating Liquefied Natural Gas market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Floating Liquefied Natural Gas market size
2.2 Latest Floating Liquefied Natural Gas market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Floating Liquefied Natural Gas market key players
3.2 Global Floating Liquefied Natural Gas size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Floating Liquefied Natural Gas market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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