A floating liquefied natural gas (FLNG) facility serves as a floating storage and offloading facility that deploys liquefied natural gas (LNG) and conducts LNG operations for the development of offshore natural resources. An FLNG facility produces, liquefies, stores and transfers LNG at sea.
MARKET SCOPE
The "Global Floating Liquefied Natural Gas Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Floating Liquefied Natural Gas Market with detailed market segmentation into by technology, by capacity, and by region. The Floating Liquefied Natural Gas Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Floating Liquefied Natural Gas Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Floating Liquefied Natural Gas Market has been segmented into by technology and by capacity. By technology the market has been bifurcated into LNG, FPSO, FSRU, and others. By capacity the market has been bifurcated into small scale, mid-scale and large scale.
MARKET DYNAMICS
Growth Factors
- Emergence of new offshore projects to cater increasing gas demand
- High onshore terminal costs
- Decreasing production costs due to FLNG
Restraints
- Shift towards cleaner fuel alternatives
- Design and construction challenges
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Floating Liquefied Natural Gas Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Floating Liquefied Natural Gas Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the District Heating Pipeline Network in these regions.
Impact of Covid 19 on Floating Liquefied Natural Gas Market
The Floating Liquefied Natural Gas Market was impacted significantly due to the Covid 19 pandemic. As there was a rise in the number of cases several governments and regulatory authorities imposed strict regulations and mass lockdowns. The pandemic has hampered the FLNG supply chain, particularly in terms of raw material. Travel restrictions and lockdowns resulted in less production of FLNG and there was a decline in the demand as well which had an impact on the Floating Liquefied Natural Gas Market. As the number of cases are on a decline the market is expected to grow in the coming years.
MARKET PLAYERS
The report covers vital developments in the Floating Liquefied Natural Gas Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Floating Liquefied Natural Gas Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Floating Liquefied Natural Gas Market. Below mentioned is the list of a few companies engaged in the Floating Liquefied Natural Gas Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Floating Liquefied Natural Gas Market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Royal Dutch Shell
- GC Corporation
- Exmar
- Hoegh LNG
- PETRONAS
- Excelerate Energy
- Golar LNG
- Chiyoda Corporation
- Bechtel Corporation
- Bluewater