The global floating storage and regasification unit market is anticipated to grow rapidly at a CAGR of 13.88% CAGR during the forecast period. The global FSRU (floating storage and regasification unit) market is driven by use of LNG in automobiles and its benefits over fossil fuel. These factors have helped shape the FSRU (floating storage and regasification unit) market and are expected to boost the growth. Companies in the FSRU (floating storage and regasification unit) market could also face challenges such as lack of awareness about green fuel as well as limited use. The details covered in the FSRU (floating storage and regasification unit) market report cover all the aspects of the industry. Analysts studying the FSRU (floating storage and regasification unit) market have also shared growth projections in the report and have suggested FSRU (floating storage and regasification unit) market players to plan business strategies accordingly.
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Market Segmentation
The global FSRU (floating storage and regasification unit) market has been segmented based on construction, storage, and application. On the basis of construction, the market for FSRU (floating storage and regasification unit) is segmented based on newly built and converted. Additionally, the market on the basis of storage, is segmented into small, medium and large. The global market for FSRU (floating storage and regasification unit) is also covered based on the application segment which is further split into industrial and power generation.
Factors like LNG acting as a replacement for petrol and diesel in automobiles as well as depletion of fuel support the FSRU (floating storage and regasification unit) market growth. The performance of FSRU (floating storage and regasification unit) market has also been studied for the past and current years. Additionally, the FSRU (floating storage and regasification unit) market report provides analysis of these segments. The FSRU (floating storage and regasification unit) market segmental analysis provided in the report offers major details about the FSRU (floating storage and regasification unit) market based on the data and forecasts till 2023.
Regional Overview
Companies in the global FSRU market are spread across the world. The FSRU (floating storage and regasification unit) market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American FSRU (floating storage and regasification unit) market has many companies across the United States, Canada, and Mexico. The FSRU (floating storage and regasification unit) market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the FSRU (floating storage and regasification unit) market can be found in the market research report. Europe has companies in the FSRU (floating storage and regasification unit) market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the FSRU market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Competitive Landscape
The floating storage and regasification unit market is supported by demand for clean and renewable energy resources. The population growth around the world and increasing demand of floating storage and regasification unit market-based services and products also support the market growth. However, the FSRU market growth can be affected due to high initial cost. The report covers all such details which will help companies in the FSRU (floating storage and regasification unit) market to strengthen their business plan and improve their product portfolio. The FSRU (floating storage and regasification unit) market research report also provides company profiles of major companies. The company profiles of many organizations operating in the FSRU (floating storage and regasification unit) market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the FSRU (floating storage and regasification unit) market. New companies and established businesses can plan their strategies based on this data provided in the FSRU (floating storage and regasification unit) market research report.
Key Players
The competitors of the global FSRU market are Teekay Lng Partners, L.P. (Bermuda), Bumi Armada (Malaysia), Offshore LNG Toscana SpA (Italy), Mitsui O.S.K. Lines (Japan), Maran Gas Maritime Inc. (Greece), Gazprom FLEX LNG (U.K), Exmar (Belgium), B.W. gas (Norway), Hoegh LNG (Bermuda), Golar LNG (Bermuda), and Excelerate Energy (U.S), and a few more.
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