Floating Storage and Regasification Unit (FSRU)
Market
Floating Storage and Regasification Unit (FSRU)
Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Floating Storage and Regasification Unit (FSRU)
Market Size and Growth
The Floating Storage and Regasification Unit (FSRU) market research reports indicate a growing demand for FSRUs due to their flexibility and costeffectiveness in LNG storage and regasification. The market size is projected to reach $1.5 billion by 2025, driven by increasing LNG trade and rising focus on cleaner fuel sources.
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Companies Covered (Covid 19 Impact Covered)
◍ Excelerate Energy
◍ Hoegh LNG
◍ Golar LNG
◍ BW Gas
◍ Gazprom
◍ FLEX LNG
◍ EXMAR
◍ DSME
◍ OLT
◍ MOL
◍ Bumi Armada
◍ Teekay
The FSRU market is highly competitive with key players such as Excelerate Energy, Höegh LNG, Golar LNG, BW Gas, Gazprom, FLEX LNG, EXMAR, DSME, OLT, MOL, Bumi Armada, and Teekay. These companies utilize FSRUs for liquefied natural gas storage and regasification, contributing to the market's growth.
- Excelerate Energy: Reported sales revenue of $350 million
- Höegh LNG: Reported sales revenue of $250 million
- Golar LNG: Reported sales revenue of $600 million
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Market Segmentation
By Application
◍ Industrial
◍ Power Generation
By Product
◍ Newly Built
◍ Converted
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$ X Billion USD
Market Growth
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