Authored By: Sarah
17 Feb 2022

Floating Liquefied Natural Gas Market: Key Drivers and Leading Segments

Lloyds Energy DMCC, Royal Dutch Shell Plc, Samsung Heavy Industries Co. Ltd., and TechnipFMC Plc are some of the key vendors discused in the research report

The Floating Liquefied Natural Gas (FLNG) Market is projected to post an incremental growth of $ 4.68 billion, at a CAGR of 6.12% till 2025. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary to design future ready strategies for growth and development.


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Floating Liquefied Natural Gas Market: Key Market Drivers

One of the key factors that will drive growth is rise in global oil and gas consumption. This research report provides a comprehensive analysis of this and all the other factors that will boost growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. Our analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.

Floating Liquefied Natural Gas | Market Size to Grow by $ 4.68 Billion During 2021-2025 | Growth Drivers and Leading Segments

Floating Liquefied Natural Gas Market: Segments and Geographical Regions

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Floating Liquefied Natural Gas Market is segmented by Market Landscape (Large-scale capacity and Small-scale capacity) and Geography (North America, MEA, APAC, Europe, and South America).

The floating liquefied natural gas market share growth by the large-scale capacity segment will be significant during the forecast period. The large-scale capacity FLNG projects include those whose capacity is greater than 3 MTPA. Though the investment in large-scale capacity FLNG projects is high, the return on investment in the long-term is also high, as it safeguards the company from the fluctuation in the commodity prices since the operating cost and the additional cost associated with the onshore liquefaction plants and pipelines are reduced. 35% of the market growth will originate from North America with the US and Canada emerging as the key markets for floating liquefied natural gas. Market growth in this region will be faster than the growth of the market in South America. The steady growth of the transportation market and the presence of leading vehicle manufacturers will facilitate the floating liquefied natural gas market growth in North America during the forecast period.

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Floating Liquefied Natural Gas Market: Vendor Analysis

The Floating Liquefied Natural Gas Market is fragmented and market growth of the depends on market conditions, government support, and industry development. Our report offers a detailed study of all the factors that can influence growth. Black & Veatch Holding Co., Excelerate Energy LP, EXMAR NV, Golar LNG Ltd., Lloyds Energy DMCC, Royal Dutch Shell Plc, Samsung Heavy Industries Co. Ltd., and TechnipFMC Plc are some of the major market participants. The report also provides insights into the growth prospects of each of these leading players along with their product pipelines.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of 6.12%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 4.68 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Rising global oil and gas consumption will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, MEA, APAC, Europe, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    35% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Black & Veatch Holding Co., Excelerate Energy LP, EXMAR NV, Golar LNG Ltd., Lloyds Energy DMCC, Royal Dutch Shell Plc, Samsung Heavy Industries Co. Ltd., and TechnipFMC Plc

     
  7. What are the market segments covered in this report?
    The market is segmented by Market Landscape (Large-scale capacity and Small-scale capacity) and Geography (North America, MEA, APAC, Europe, and South America)
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