Industries > Energy > Global Floating LNG Power Vessel Market Report 2019-2029

Global Floating LNG Power Vessel Market Report 2019-2029

Analysis by Component (Power Generation System, Power Distribution System), by Power Output (Up to 72 MW, 72 MW-400 MW, Above 400 MW) and by Vessel Type (Power Barge, Power Ship), Company and Country Analysis and Forecasts

PUBLISHED: 04 June 2019
PAGES: 177
SUBMARKET: Electric Power

WOOCS 2.2.1
SKU: ENE0220 Categories: , Tag:

Market Definition:
• Floating LNG Power Vessel is a special Vessel Type of ship that is modified for power generation.
• Floating LNG Power Vessel is generally used in the energy leasing market for short and mid-term contracts.

Market Overview and Trends
• The floating LNG power vessels are eco-friendly in nature and have the potential to reduce carbon footprint.
• The shortage of power infrastructure facility along with massive opportunities provided by the land-based power units is expected to trigger the growth of global floating LNG power vessel market.
• The floating LNG power vessels helps in providing power supplies in remote areas and small islands and helps in meeting their electricity crisis.

Market Dynamics:

Factors Influencing the Market Growth:
• Increasing demand of power combined with lack of power infrastructure.
• Increase in Hybrid fuel engines.
• Advantages over land-based power plants.

Factors Restraining the Market Growth:
• Huge capital investment required for maintenance and transport facilities
• Big cost difference observed across various regions.

Market Segmentation 2019-2029:

By Component
• Power Generation System Market, 2019-2029
• Power Distribution System Market, 2019-2029

By Vessel Type
• Power Barge Market, 2019-2029
• Power Ship Market, 2019-2029

By Power Output
• Up to 72 MW Market
• 72 MW-400 MW Market
• Above 400 MW Market

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• Latin America Market, 2019-2029
• Middle East Market, 2019-2029
• Africa Market, 2019-2029

Competitive Analysis:
• Chiyoda Corporation developed a LNG-powered floating power plant.
• MODEC developed a floating power plant (power ship), which runs on LNG for power generation.
• Wison Group entered into a strategic cooperation agreement with Shanghai Electric Power Generation Group.
• Wison Group entered into a strategic cooperation agreement with GTT.

Major Market Players:
• Waller Marine, Inc., Karpowership, Power Barge Corporation, Modec, Inc., Chiyoda Corporation, Wison Group, Samsung Heavy Industries Co., Ltd, Samsung Heavy Industries Co., Ltd, Sevan Marine Asa, Hyundai Heavy Industries Co., Ltd., IHI Corporation, Mitsui O.S.K. Lines, Ltd., and Mitsubishi Heavy Industries, Ltd. are also included in the report.

Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6

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