According to [URL=https://www.goldsteinresearch.com]Goldstein Research[/URL], floating liquefied natural gas market is expected to reach USD 73.7 billion by the end of 2024 from USD 7.1 billion in 2016, growing at a CAGR of 24.0% over the forecast period, 2016-2024. The inclination towards sustainable environment has aroused the demand for clean and affordable fuel and gas fueled power plants, thus being the major driver in the growth of FLNG market. [URL=https://www.goldsteinresearch.com/pressrelease/floating-liquefied-natural-gas-market-flng-forecast]Floating liquefied natural gas Industry Analysis[/URL] has been done on the basis of technology, production capacity, mode of deployment and geography. With the growing demand for FLNG, there are major hurdles in the growth of the market such as complex nature of the projects, license expiration, government regulations and fluctuating oil and gas prices globally. Floating liquefied natural gas market Size is dominated by Middle East and Africa with 48% market share on account of the major projects established in region. Asia-Pacific region is expected to grow at fast rate over the forecast period being the most opportunistic region for the growth of FLNG market.Market Segmentation
On the basis of our in-depth analysis, Floating Liquefied Natural Gas Market can be segmented as follows:
• Based on Type of Technology
o LNG Floating Production Storage and Offloading (FPSO)
o Floating Storage Regasification Unit (FSRU)
• Based on Production Capacity
o Small/Mid-Scale (0-2.9 MTPA)
o Large Scale (3 MTPA and above)
• Based on Mode of Deployment
o Near Shore
o Offshore
• Based on region
o North America
o Europe
o Middle East and Africa
o Latin America
o Asia Pacific
“Global Floating Liquefied Natural Market Research”contains detailed overview of the [URL=https://www.goldsteinresearch.com/report/global-floating-liquefied-natural-gas-flng-market-outlook ]floating liquefied natural gas market[/URL]. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology, production capacity and mode of deployment.
Further, for the in-depth analysis, Floating Liquefied Natural Gas Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Royal Dutch Shell, Golar LNG, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the Floating liquefied natural gas market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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