These next-generation energy storage technologies have the ability to change the face of the grid network by even more than we are currently experiencing.

Digitising processes with artificial intelligence and utilising the ‘internet of things’ to gain an advantage in predictive maintenance are significant factors that will likely contribute to the acceleration of this market’s growth over the next few years.

Growth in the global floating LNG power vessel market will be fuelled particularly increasing electricity demand coupled with a lack of power infrastructure.

By 2035, demand for natural gas is expected to reach more than 4,500 Bm3y, up from 3,600 Bm3y in 2018. During that period, LNG is forecast to lead the way among supply sources, growing at 4% per year.