Floating Liquefied Natural Gas (LNG) Power Vessel Market Forecasts to 2028 – Global Analysis By Vessel Type (Power Ship, Power Barge), Component (Power Generation System, Power Distribution System) and By Geography
According to Stratistics MRC, the Global Floating Liquefied Natural Gas (LNG) Power Vessel Market is accounted for $654.14 million in 2020 and is expected to reach $868.06 million by 2028 growing at a CAGR of 3.6% during the forecast period. Factors such as increasing demand for power and lack of power infrastructure are driving the growth of the market. However, high operations and maintenance costs are hampering the growth of the market.
Floating LNG power vessel is a specialized offshore vessel using LNG to generate electricity through onboard components such as steam generators and gas turbines.
Based on the vessel type, the power ship segment is anticipated to expand at a rapid pace during the forecast period because of its self-propelling property. By geography, Asia Pacific is going to have high growth during the forecast period as the governments of this region are spending heavily to meet the increased demand for power.
Some of the key players profiled in the Floating Liquefied Natural Gas (LNG) Power Vessel Market include Caterpillar, Inc, Mitsubishi Heavy Industries, Ltd, Siemens AG , Hyundai Heavy Industries Co., Ltd, Samsung Heavy Industries Co., Ltd, Mitsui O.S.K. Lines, Ltd, Chiyoda Corporation, Power Barge Corporation, IHI Corporation, Man Diesel & Turbo SE, Wartsila Corporation, Wison Group, Sevan Marine Asa, Modec, Inc, and Waller Marine, Inc.
Vessel Types Covered:
• Power Ship
• Power Barge
• Power Generation System
• Power Distribution System
Power Outputs Covered:
• Small Scale (Up to 72 MW)
• Medium Scale (>72 MW-400 MW)
• High Scale (>400 MW)
Sales Channels Covered:
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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