“$929 Million Floating LNG Vessel Market Poised for Moderate Growth Due to Growing Electricity Demand and Focus on Clean Energy by Various Countries”

18 November 2019
Energy

Visiongain’s new report Floating LNG Power Vessel Market 2020-2030 reveals floating LNG power vessel market is valued at $929 million in 2020. The market is projected to follow a moderate growth trajectory over the next decade due to increasing electricity demand, coupled with the lack of power infrastructure and rising demand for clean energy due to strict government regulations. This will revolutionize the floating LNG power vessel industry and could potentially create $929mn opportunities for various types of companies within the floating LNG power vessel value chain.

Floating power plants have been used as a source of flexible, decentralized power generation for several reasons. It can be built cost-effectively and rapidly; they are mobile, which means they can be relocated or traded; and as they do not require a large site and sometimes have no land footprint.

Floating LNG Vessel market is poised for moderate growth in the upcoming years. Increasing electricity demand, coupled with the lack of power infrastructure is expected to drive the market. There is growing demand for electricity in developing countries such as India and China. Industrialization, lack of infrastructure in developing countries, and rising consumption of electricity will drive the floating LNG power vessel market.

This report will save you time, increase your industry knowledge, enhance your presentations and inform your investment decisions. The report will be benefit for turbine manufacturers, boiler manufacturers, utilities companies, operation and maintenance providers, technology providers, investors, banks, regulators, industry associations, governmental departments & agencies.

Note to editors
For further information, please contact sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

Visiongain is a leading business intelligence provider publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy ,telecoms and utilities sectors.

Visiongain is one of the fastest-growing and most innovative independent research companies in Europe. Based in London, UK Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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