Liquefied Natural Gas (LNG) as a fuel sources has extensive scope of application across marine industry for different processes and applications. As a result, a significant number of companies operating in the market offer broad range of solution and services that facilitate the usage of LNG over marine industry. Presently, significant number of companies operate in the market that offers numerous market related solution and service such as LNG loading, LNG storage, power generation, and regasification among other LNG related business offerings for the marine industry.
MARKET DYNAMICS
Factors such as notable surge in demand for shipment through sea routes and flourishing import & export has boosted the demand for fuel in marine industry. Moreover, the associated benefits of LNG such as lower emission, operational costs, and compliance with stringent regulator guidelines also has facilitated the growth of LNG powered vessels and floating barge in the marine industry. Thus, the market is expected to provide significant lucrative business growth opportunities for the LNG power vessel based solution and service provider during the forecast period.
MARKET SCOPE
The "Global Floating LNG Power Vessel Market Analysis to 2031" is a specialized and in-depth study of the construction & manufacturing industry with a special focus on the global market trend analysis. The report aims to provide an overview of floating LNG power vessel market with detailed market segmentation by offerings, vessel type and geography. The global floating LNG power vessel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading floating LNG power vessel market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global floating LNG power vessel market is segmented on the basis of offering and vessel type. Based on offering, the market is segmented into solution and services. Furthermore, based on vessel type the global floating LNG power vessel market is bifurcated into power barge and power ship.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global floating LNG power vessel market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The floating LNG power vessel market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting floating LNG power vessel market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the floating LNG power vessel market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global floating LNG power vessel market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The floating LNG power vessel market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting floating LNG power vessel market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the floating LNG power vessel market in these regions.
MARKET PLAYERS
The reports cover key developments in the floating LNG power vessel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from floating LNG power vessel market are anticipated to lucrative growth opportunities in the future with the rising demand for renewable energy in the global market. Below mentioned is the list of few companies engaged in the floating LNG power vessel market.
The report also includes the profiles for some of the key floating LNG power vessel companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Chiyoda Corporation
- Hyundai Heavy Industries Co., Ltd.
- IHI Corporation
- Karpowership
- Mitsubishi Heavy Industries, Ltd.
- Modec, Inc.
- Power Barge Corporation
- Samsung Heavy Industries Co., Ltd
- Waller Marine, Inc.
- Wison Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Floating LNG Power Vessel Market - By Offering
1.3.2 Floating LNG Power Vessel Market - By Vessel Type
1.3.3 Floating LNG Power Vessel Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FLOATING LNG POWER VESSEL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. FLOATING LNG POWER VESSEL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. FLOATING LNG POWER VESSEL MARKET - GLOBAL MARKET ANALYSIS
6.1. FLOATING LNG POWER VESSEL - GLOBAL MARKET OVERVIEW
6.2. FLOATING LNG POWER VESSEL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FLOATING LNG POWER VESSEL MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING
7.1. OVERVIEW
7.2. OFFERING MARKET FORECASTS AND ANALYSIS
7.3. SOLUTIONS
7.3.1. Overview
7.3.2. Solutions Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. FLOATING LNG POWER VESSEL MARKET - REVENUE AND FORECASTS TO 2028 - VESSEL TYPE
8.1. OVERVIEW
8.2. VESSEL TYPE MARKET FORECASTS AND ANALYSIS
8.3. POWER BARGE
8.3.1. Overview
8.3.2. Power Barge Market Forecast and Analysis
8.4. POWER SHIP
8.4.1. Overview
8.4.2. Power Ship Market Forecast and Analysis
9. FLOATING LNG POWER VESSEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Floating LNG Power Vessel Market Overview
9.1.2 North America Floating LNG Power Vessel Market Forecasts and Analysis
9.1.3 North America Floating LNG Power Vessel Market Forecasts and Analysis - By Offering
9.1.4 North America Floating LNG Power Vessel Market Forecasts and Analysis - By Vessel Type
9.1.5 North America Floating LNG Power Vessel Market Forecasts and Analysis - By Countries
9.1.5.1 United States Floating LNG Power Vessel Market
9.1.5.1.1 United States Floating LNG Power Vessel Market by Offering
9.1.5.1.2 United States Floating LNG Power Vessel Market by Vessel Type
9.1.5.2 Canada Floating LNG Power Vessel Market
9.1.5.2.1 Canada Floating LNG Power Vessel Market by Offering
9.1.5.2.2 Canada Floating LNG Power Vessel Market by Vessel Type
9.1.5.3 Mexico Floating LNG Power Vessel Market
9.1.5.3.1 Mexico Floating LNG Power Vessel Market by Offering
9.1.5.3.2 Mexico Floating LNG Power Vessel Market by Vessel Type
9.2. EUROPE
9.2.1 Europe Floating LNG Power Vessel Market Overview
9.2.2 Europe Floating LNG Power Vessel Market Forecasts and Analysis
9.2.3 Europe Floating LNG Power Vessel Market Forecasts and Analysis - By Offering
9.2.4 Europe Floating LNG Power Vessel Market Forecasts and Analysis - By Vessel Type
9.2.5 Europe Floating LNG Power Vessel Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Floating LNG Power Vessel Market
9.2.5.1.1 Germany Floating LNG Power Vessel Market by Offering
9.2.5.1.2 Germany Floating LNG Power Vessel Market by Vessel Type
9.2.5.2 France Floating LNG Power Vessel Market
9.2.5.2.1 France Floating LNG Power Vessel Market by Offering
9.2.5.2.2 France Floating LNG Power Vessel Market by Vessel Type
9.2.5.3 Italy Floating LNG Power Vessel Market
9.2.5.3.1 Italy Floating LNG Power Vessel Market by Offering
9.2.5.3.2 Italy Floating LNG Power Vessel Market by Vessel Type
9.2.5.4 United Kingdom Floating LNG Power Vessel Market
9.2.5.4.1 United Kingdom Floating LNG Power Vessel Market by Offering
9.2.5.4.2 United Kingdom Floating LNG Power Vessel Market by Vessel Type
9.2.5.5 Russia Floating LNG Power Vessel Market
9.2.5.5.1 Russia Floating LNG Power Vessel Market by Offering
9.2.5.5.2 Russia Floating LNG Power Vessel Market by Vessel Type
9.2.5.6 Rest of Europe Floating LNG Power Vessel Market
9.2.5.6.1 Rest of Europe Floating LNG Power Vessel Market by Offering
9.2.5.6.2 Rest of Europe Floating LNG Power Vessel Market by Vessel Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Floating LNG Power Vessel Market Overview
9.3.2 Asia-Pacific Floating LNG Power Vessel Market Forecasts and Analysis
9.3.3 Asia-Pacific Floating LNG Power Vessel Market Forecasts and Analysis - By Offering
9.3.4 Asia-Pacific Floating LNG Power Vessel Market Forecasts and Analysis - By Vessel Type
9.3.5 Asia-Pacific Floating LNG Power Vessel Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Floating LNG Power Vessel Market
9.3.5.1.1 Australia Floating LNG Power Vessel Market by Offering
9.3.5.1.2 Australia Floating LNG Power Vessel Market by Vessel Type
9.3.5.2 China Floating LNG Power Vessel Market
9.3.5.2.1 China Floating LNG Power Vessel Market by Offering
9.3.5.2.2 China Floating LNG Power Vessel Market by Vessel Type
9.3.5.3 India Floating LNG Power Vessel Market
9.3.5.3.1 India Floating LNG Power Vessel Market by Offering
9.3.5.3.2 India Floating LNG Power Vessel Market by Vessel Type
9.3.5.4 Japan Floating LNG Power Vessel Market
9.3.5.4.1 Japan Floating LNG Power Vessel Market by Offering
9.3.5.4.2 Japan Floating LNG Power Vessel Market by Vessel Type
9.3.5.5 South Korea Floating LNG Power Vessel Market
9.3.5.5.1 South Korea Floating LNG Power Vessel Market by Offering
9.3.5.5.2 South Korea Floating LNG Power Vessel Market by Vessel Type
9.3.5.6 Rest of Asia-Pacific Floating LNG Power Vessel Market
9.3.5.6.1 Rest of Asia-Pacific Floating LNG Power Vessel Market by Offering
9.3.5.6.2 Rest of Asia-Pacific Floating LNG Power Vessel Market by Vessel Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Floating LNG Power Vessel Market Overview
9.4.2 Middle East and Africa Floating LNG Power Vessel Market Forecasts and Analysis
9.4.3 Middle East and Africa Floating LNG Power Vessel Market Forecasts and Analysis - By Offering
9.4.4 Middle East and Africa Floating LNG Power Vessel Market Forecasts and Analysis - By Vessel Type
9.4.5 Middle East and Africa Floating LNG Power Vessel Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Floating LNG Power Vessel Market
9.4.5.1.1 South Africa Floating LNG Power Vessel Market by Offering
9.4.5.1.2 South Africa Floating LNG Power Vessel Market by Vessel Type
9.4.5.2 Saudi Arabia Floating LNG Power Vessel Market
9.4.5.2.1 Saudi Arabia Floating LNG Power Vessel Market by Offering
9.4.5.2.2 Saudi Arabia Floating LNG Power Vessel Market by Vessel Type
9.4.5.3 U.A.E Floating LNG Power Vessel Market
9.4.5.3.1 U.A.E Floating LNG Power Vessel Market by Offering
9.4.5.3.2 U.A.E Floating LNG Power Vessel Market by Vessel Type
9.4.5.4 Rest of Middle East and Africa Floating LNG Power Vessel Market
9.4.5.4.1 Rest of Middle East and Africa Floating LNG Power Vessel Market by Offering
9.4.5.4.2 Rest of Middle East and Africa Floating LNG Power Vessel Market by Vessel Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Floating LNG Power Vessel Market Overview
9.5.2 South and Central America Floating LNG Power Vessel Market Forecasts and Analysis
9.5.3 South and Central America Floating LNG Power Vessel Market Forecasts and Analysis - By Offering
9.5.4 South and Central America Floating LNG Power Vessel Market Forecasts and Analysis - By Vessel Type
9.5.5 South and Central America Floating LNG Power Vessel Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Floating LNG Power Vessel Market
9.5.5.1.1 Brazil Floating LNG Power Vessel Market by Offering
9.5.5.1.2 Brazil Floating LNG Power Vessel Market by Vessel Type
9.5.5.2 Argentina Floating LNG Power Vessel Market
9.5.5.2.1 Argentina Floating LNG Power Vessel Market by Offering
9.5.5.2.2 Argentina Floating LNG Power Vessel Market by Vessel Type
9.5.5.3 Rest of South and Central America Floating LNG Power Vessel Market
9.5.5.3.1 Rest of South and Central America Floating LNG Power Vessel Market by Offering
9.5.5.3.2 Rest of South and Central America Floating LNG Power Vessel Market by Vessel Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FLOATING LNG POWER VESSEL MARKET, KEY COMPANY PROFILES
11.1. CHIYODA CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. HYUNDAI HEAVY INDUSTRIES CO., LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. IHI CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KARPOWERSHIP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MITSUBISHI HEAVY INDUSTRIES, LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MODEC, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. POWER BARGE CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAMSUNG HEAVY INDUSTRIES CO., LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. WALLER MARINE, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WISON GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Chiyoda Corporation
2.Hyundai Heavy Industries Co., Ltd.
3.IHI Corporation
4.Karpowership
5.Mitsubishi Heavy Industries, Ltd.
6.Modec, Inc.
7.Power Barge Corporation
8.Samsung Heavy Industries Co., Ltd
9.Waller Marine, Inc.
10.Wison Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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