The report “ Floating LNG Power Vessel Market by Component (Power Generation System and Power Distribution System), Power Output (Up to 72MW, 72MW-400MW, Above 400MW), Vessel Type (Power Barge and Power Ship), and Region – Global Forecast to 2023 „, The floating LNG power vessel market is expected to grow to an estimated $ 860.1 million in 2018 to $ 931.6 million by 2023, at a CAGR of 1.61%. LNG power vessel market. Factors such as growing population, industrialization and urban development.
Browse 27 market data Tables and 40 Figures spread through 108 Pages and in-depth TOC on „Floating LNG Power Vessel Market – Global Forecast to 2023“
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LNG power vessel market, by component, during the forecast period.
LNG power vessel market in 2017 and is projected to hold the largest market share during the forecast period. The power generation system segment is further classified into gas turbine & IC engine and steam turbine & generator. R & D investments and evolution of the combined cycle technology, have led to increase in the application of gas turbines in the power generation system.
LNG power vessel market, by vessel type, during the forecast period.
The power ship segment of the LNG power vessel market in 2017. A power ship has been modified for power generation. It is generally used in the energy leasing market for short and mid-term contracts because of its self-propelling property. Karadeniz Holding (Turkey) holds the major share in supplying power to the market. Moreover, the World Bank provides FPPs, but the funding is restricted to 129MW per FPP.
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Asia Pacific: The leading market for floating LNG power vessel market
In this report, the floating LNG power vessel market has been analyzed with respect to 4 regions, namely, Asia Pacific, North America, the Middle East & Africa, and RoW. TheRoWincludes South America and Europe. The Asia Pacific is the global floating LNG power vessel market in 2017. It is one of the most populated regions in the world and continues to witness increasing demand for electricity. Moreover, due to the limited availability of power plant construction, the Southeast Asian countries are expected to generate high demand for LNG power vessels. The governments of several Southeast Asian countries are planning to increase investments to meet the increased demand for power. For instance, Myanmar Electric Power Generation Enterprise awarded a contract to provide carpentry to FPP in Rangoon, Myanmar. LNG power vessel market in Asia Pacific region.
To enable in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the floating LNG power vessel market. The key players include Siemens AG (Germany), MAN Diesel & Turbo SE (Germany), Wärtsilä Corporation (Finland), General Electric Company (US), and Caterpillar Inc. (US). LNG power vessel market.
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