Floating LNG Power Vessel Market by Component, Power Output, Vessel Type and Region - Global Forecast to 2023 - ResearchAndMarkets.com
The "Floating
LNG Power Vessel Market by Component (Power Generation System and Power
Distribution System), Power Output (Up to 72 MW, 72 MW-400 MW, Above 400
MW), Vessel Type (Power Barge and Power Ship), and Region - Global
Forecast to 2023" report has been added to ResearchAndMarkets.com's
offering.
The floating LNG power vessel market is projected to reach USD 931.6
million by 2023 from an estimated USD 860.1 million in 2018, at a CAGR
of 1.61%.
This growth can be attributed to the increasing demand for power and the
lack of power infrastructure. However, price disparity across regional
markets, increasing focus on renewable energy, and high capital cost
associated with operations, maintenance, transportation, and logistics
could hinder the growth of the floating LNG power vessel market.
The power distribution system is estimated to be the fastest growing
segment during the forecast period. It is further classified into
transformer and switchboard. Switchboard is estimated to be the fastest
growing sub-segment during the forecast period, as it provides a key
link in the dependability chain that ensures the smooth and reliable
flow of power from the power generation units to end-users.
The Asia Pacific is expected to be the largest market for floating LNG
power vessel in 2023 and is projected to grow at the highest CAGR during
the forecast period. The Asia Pacific is one of the most populated
regions in the world and witnesses a high demand for electricity. By and
large, the demand for power vessel market is recorded from South East
Asian island countries, owing to the limited land availability for power
plant construction. Therefore, the governments of South East Asian
island countries are investing heavily in fulfilling the increasing
demand for power.
For instance, Myanmar Electric Power Generation Enterprise awarded a
contract to Karpowership, one of the leading players in the power ship
market, to provide an FPP in Rangoon, Myanmar. Such activities are
expected to drive the demand for floating LNG power vessel in the region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Floating LNG Power Vessel Market, By Vessel Type
7 Floating LNG Power Vessel Market, By Power Output
8 Floating LNG Power Vessel Market, By Component
9 Floating LNG Power Vessel Market, By Region
10 Competitive Landscape
11 Company Profiles
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ABB
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Ansaldo Energia
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Caterpillar, Inc.
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Centrax
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Chiyoda Corporation
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Crompton Greaves Ltd.
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Dongfang Electric Corporation Limited
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Doosan Skoda Power
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Eaton Corporation
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Emerson Electric Company
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Fuji Electric Co., Ltd.
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General Electric Company
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Hyosung Corporation
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Hyundai Heavy Industries Co., Ltd.
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IHI Corporation
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Karpowership
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Kawasaki Heavy Industries
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Man Diesel & Turbo SE
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Mitsubishi Electric Corporation
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Mitsubishi Heavy Industries, Ltd.
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Mitsui O.S.K. Lines, Ltd.
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Modec, Inc.
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OPRA
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Power Barge Corporation
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Rockwell Automation
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SPX Transformer Solutions, Inc.
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Samsung Heavy Industries Co., Ltd
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Sevan Marine Asa
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Siemens AG
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Toshiba Corporation
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Vericor Power
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Waller Marine, Inc.
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Wison Group
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Wrtsil Corporation
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Zorya
For more information about this report visit https://www.researchandmarkets.com/research/kc5qq9/floating_lng?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180927005685/en/
Copyright Business Wire 2018
Source: Business Wire
(September 27, 2018 - 12:06 PM EDT)
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