Floating LNG Vessel Market Worth US$1,307 Million by 2031: Visiongain Research Inc.

Global Floating LNG Power Vessel Market Forecast from 2021 to 2031: Market Segmentation by Type (LNG Power Barge, LNG Power Ship) Market Segmentation by System (Power Generation System, Power Distribution System) Market Segmentation by Component (Gas Turbine & IC Engine, Steam Turbine & Generator, Transformer, Switchboard) Market Segmentation by Power Output (Up to 72 MW, 72 MW to 400 MW, Above 400 MW) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies such as Caterpillar Inc. NYSE: CAT plus Region and Country analysis are included in this report.

Global Floating LNG Vessel Market Outlook

According to Visiongain analysis, global floating LNG vessel market was valued at US$870 million in 2020 and is projected to reach at a market value of US$1307 million by 2031. The Global market is expected to grow at a CAGR of 3.8% during the forecast period 2021-2031.

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Key Questions Answered by this Report:

  • What is the current size of the overall global floating LNG vessel market? How much will this market be worth from 2021 to 2031?
  • What are the main drivers and restraints that will shape the overall Floating LNG Vessel market over the next ten years?
  • What are the main segments within the overall Floating LNG Vessel market?
  • How much will each of these segments be worth for the period 2021 to 2031?
  • How will the composition of the market change during that time, and why?
  • What factors will affect that industry and market over the next ten years?
  • What are the largest national markets for the world floating LNG vessel?
  • What is their status and how will they develop over the next ten years?
  • What are their revenue potentials to 2031?
  • How will political and regulatory forces influence regional markets?
  • How will market shares of the leading national markets change by 2031, and which geographical region will lead the market in 2031?
  • Who are the leading companies and what are their activities, results, developments, and prospects?
  • What is the leading Floating LNG Vessel? What are their revenues and latest developments?
  • What are some of the most prominent Floating LNG Vessel currently in development?
  • What are the main trends that will affect the world floating LNG vessel market between 2021 and 2031?
  • What are the main strengths, weaknesses, opportunities, and threats for the market?
  • What are the social, technological, economic, and political influences that will shape that industry over the next ten years?
  • How will the global Floating LNG Vessel market evolve over the forecasted period, 2021 to 2031?
  • What will be the main commercial drivers for the market from 2021 to 2031?
  • How will market shares of prominent national markets change from 2021, and which countries will lead the market in 2031, achieving highest revenues and fastest growth?
  • How will that industry evolve between 2021 and 2031, especially in R&D?

Increasing Demand for LNG

The recent drop in liquefied natural gas (LNG) prices, combined with significant new supply from both existing market players and new market entrants, including those set to come online in Australia, Canada, and the United States over the next few years, has significantly altered gas pricing and supply metrics. Over the next 20 years, LNG supply is expected to more than treble, resulting in a surge in demand — mainly in the Far East. Because of the booming power business, rapid industrialization, and expanding urbanization, governments are investing in floating LNG power boats. Major countries include China, Japan, Indonesia, Malaysia, and India.

Licensing And Management of LNG Refuelling Are Inconsistent.

Another stumbling block has been variability in the licensing and control of LNG refuelling between (and sometimes within) countries. The process of harmonizing standards and operations across all potential markets is progressing. The Society for Gas as a Marine Fuel (SGMF) and SEALNG, for example, have made major contributions to the development of standardized procedures to safe handling, custody transfer, and competency evaluation. Nonetheless, for many port authorities, LNG is a new fuel, and a lack of understanding of the major differences between LNG and oil products is critical.

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How the Floating LNG Power Vessel Market report helps you?
In summary, our 486-page report provides you with the following knowledge:

  • Revenue forecasts to 2031 for Floating LNG Power Vessel Market, 2021 to 2031 Market, with forecasts for market value, vessel type, system, component, power output each forecasted at a global and regional level- discover the industry's prospects, finding the most lucrative places for investments and revenues
  • Revenue forecasts to 2031 for 5 regional and 20 key national markets - See forecasts for the Floating LNG Power Vessel Market, 2021 to 2031 market in North America, Europe, Asia-Pacific and LAMEA. Also forecasted is the market in the US, Canada, Brazil, Germany, Norway, UK, Italy, China, India, Indonesia among other prominent economies.
  • Prospects for established firms and those seeking to enter the market- including company profiles for 20 of the major companies involved in the Floating LNG Power Vessel Market.

Leading player’s features in this report include:

  • Hyundai Heavy Industries Holdings Co Ltd
  • Samsung Heavy Industries Co Ltd.
  • Daewoo Shipbuilding & Marine Engineering Co., Ltd
  • Waller Marine, Inc. (WMI)
  • Karpowership
  • Modec, Inc.
  • Chiyoda Corporation
  • Caterpillar Inc. NYSE: CAT
  • Power Barge
  • Sevan SSP AS
  • Kawasaki Heavy Industries
  • Wartsila Oyj Abp
  • General Electric Corporation LON: GEC
  • IHI Corporation
  • Kensa Heat Pumps
  • Modine Manufacturing Company

In this Visiongain report you will find quantitative and qualitative analyses with independent predictions. By reading this study you will receive information that is unique to our report. This is the best route to get in-depth market insight into the Global Floating LNG Vessel Market. Read this research piece today.

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About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports means that you can have a bespoke piece of market intelligence customized to your very own business needs.


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