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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

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
“The floating LNG power vessel market is projected to grow at a CAGR of 1.61% from 2018 to 2023.”
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 segment is expected to be the fastest growing market in the floating LNG power vessel market from 2018 to 2023.”
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.

“Asia Pacific: The fastest growing market for floating LNG power vessel”
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.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess the future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 60%, Tier 2- 23%, and Tier 3- 17%
By Designation: Director Level- 35%, C-Level- 25%, and Others- 40%
By Region: Asia Pacific- 40%, the Middle East & Africa - 20%, North America- 18%, and RoW- 22%

Note: Others includes product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: >USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million

The leading players in the floating LNG power vessel market include Siemens AG (Germany), MAN Diesel & Turbo SE (Germany), Wärtsilä Corporation (Finland), General Electric Company (US), and Caterpillar Inc. (US).

Research Coverage:
The report defines, describes, and forecasts the global floating LNG power vessel market by vessel type, component, power output, and region. It also offers a detailed qualitative and quantitative analysis of the market. It provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the floating LNG power vessel market.

Why Buy this Report?
1. The report identifies and addresses key markets for floating LNG power vessel, which would help manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • LIMITATIONS
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table GLOBAL FLOATING LNG POWER VESSEL MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • FLOATING LNG POWER VESSEL MARKET OVERVIEW
    • FLOATING LNG POWER VESSEL MARKET, BY VESSEL TYPE
    • FLOATING LNG POWER VESSEL MARKET: COMPONENT & REGION
    • FLOATING LNG POWER VESSEL MARKET, BY POWER OUTPUT (2018–2023)
    • FLOATING LNG POWER VESSEL MARKET, BY COMPONENT (2018–2023)
    • POWER GENERATION SYSTEMS FLOATING LNG POWER VESSEL MARKET, BY KEY COMPONENTS (2018)
    • POWER DISTRIBUTION SYSTEMS FLOATING LNG POWER VESSEL MARKET, BY KEY COMPONENTS (2018)
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table GLOBAL URBAN POPULATION OVERVIEW, BY REGION - 1990, 2014, 2030, AND 2050
        • Table GLOBAL ACCESS TO ELECTRICITY, BY REGION (2016)
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • FLOATING LNG POWER VESSEL MARKET, BY VESSEL TYPE
    • INTRODUCTION
      • Table FLOATING LNG POWER VESSEL MARKET, BY VESSEL TYPE, 2016–2023 (USD MILLION)
    • POWER BARGE
    • POWER SHIP
  • FLOATING LNG POWER VESSEL MARKET, BY POWER OUTPUT
    • INTRODUCTION
      • Table FLOATING LNG POWER VESSEL MARKET, BY POWER OUTPUT, 2016–2023 (USD MILLION)
    • SMALL SCALE (UP TO 72 MW)
      • Table SMALL SCALE: FLOATING LNG POWER VESSEL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • MEDIUM SCALE (>72 MW–400 MW)
      • Table MEDIUM SCALE: FLOATING LNG POWER VESSEL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • HIGH SCALE (>400 MW)
      • Table HIGH SCALE: FLOATING LNG POWER VESSEL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • FLOATING LNG POWER VESSEL MARKET, BY COMPONENT
    • INTRODUCTION
      • Table FLOATING LNG POWER VESSEL MARKET, BY COMPONENT, 2016–2023 (USD MILLION)
    • POWER GENERATION SYSTEM
      • Table POWER GENERATION SYSTEM: FLOATING LNG POWER VESSEL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • Table POWER GENERATION SYSTEM: FLOATING LNG POWER VESSEL MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
      • GAS TURBINE & IC ENGINE
        • Table GAS TURBINE & IC ENGINE: FLOATING LNG POWER VESSEL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • STEAM TURBINE & GENERATOR
        • Table STEAM TURBINE & GENERATOR: FLOATING LNG POWER VESSEL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • POWER DISTRIBUTION SYSTEM
      • Table POWER DISTRIBUTION SYSTEM: FLOATING LNG POWER VESSEL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • Table POWER DISTRIBUTION SYSTEM: FLOATING LNG POWER VESSEL MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
      • TRANSFORMER
        • Table TRANSFORMER: FLOATING LNG POWER VESSEL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • SWITCHBOARD
        • Table SWITCHBOARD: FLOATING LNG POWER VESSEL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • FLOATING LNG POWER VESSEL MARKET, BY REGION
    • INTRODUCTION
      • Table FLOATING LNG POWER VESSEL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • Table FLOATING LNG POWER VESSEL MARKET SIZE, BY REGION, 2016–2023 (MW)
    • ASIA PACIFIC
      • BY COMPONENT
        • Table ASIA PACIFIC: FLOATING LNG POWER VESSEL MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
        • Table ASIA PACIFIC: POWER GENERATION SYSTEM FLOATING LNG POWER VESSEL MARKET, BY KEY COMPONENTS, 2016–2023 (USD MILLION)
        • Table ASIA PACIFIC: POWER DISTRIBUTION SYSTEM FLOATING LNG POWER VESSEL MARKET, BY KEY COMPONENTS, 2016–2023 (USD MILLION)
      • BY POWER OUTPUT
        • Table AISA PACIFIC: FLOATING LNG POWER VESSEL MARKET SIZE, BY POWER OUTPUT, 2016–2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY COMPONENT
        • Table MIDDLE EAST & AFRICA: FLOATING LNG POWER VESSEL MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
        • Table MIDDLE EAST & AFRICA: POWER GENERATION SYSTEM FLOATING LNG POWER VESSEL MARKET, BY KEY COMPONENTS, 2016–2023 (USD MILLION)
        • Table MIDDLE EAST & AFRICA: POWER DISTRIBUTION SYSTEM FLOATING LNG POWER VESSEL MARKET, BY KEY COMPONENTS, 2016–2023 (USD MILLION)
      • BY POWER OUTPUT
        • Table MIDDLE EAST & AFRICA: FLOATING LNG POWER VESSEL MARKET SIZE, BY POWER OUTPUT, 2016–2023 (USD MILLION)
    • NORTH AMERICA
      • BY COMPONENT
        • Table NORTH AMERICA: FLOATING LNG POWER VESSEL MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
        • Table NORTH AMERICA: POWER GENERATION SYSTEM FLOATING LNG POWER VESSEL MARKET, BY KEY COMPONENTS, 2016–2023 (USD MILLION)
        • Table NORTH AMERICA: POWER DISTRIBUTION SYSTEM FLOATING LNG POWER VESSEL MARKET, BY KEY COMPONENTS, 2016–2023 (USD MILLION)
      • BY POWER OUTPUT
        • Table NORTH AMERICA: FLOATING LNG POWER VESSEL MARKET SIZE, BY POWER OUTPUT, 2016–2023 (USD MILLION)
    • REST OF THE WORLD
      • BY COMPONENT
        • Table REST OF THE WORLD: FLOATING LNG POWER VESSEL MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
        • Table REST OF THE WORLD: POWER GENERATION SYSTEM FLOATING LNG POWER VESSEL MARKET, BY KEY COMPONENTS, 2016–2023 (USD MILLION)
        • Table REST OF THE WORLD: POWER DISTRIBUTION SYSTEM FLOATING LNG POWER VESSEL MARKET, BY KEY COMPONENTS, 2016–2023 (USD MILLION)
      • BY POWER OUTPUT
        • Table REST OF THE WORLD: FLOATING LNG POWER VESSEL MARKET SIZE, BY POWER OUTPUT, 2016–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • KEY PLAYERS & MARKET STRUCTURE
      • Table MARKET RANKING OF THE MAJOR PLAYERS IN THE FLOATING LNG POWER VESSEL MARKET, BY VALUE, 2016
    • COMPETITIVE SCENARIO
      • Table KARPOWERSHIP WAS THE MOST ACTIVE PLAYER IN THE MARKET, JANUARY 2014–APRIL 2018
      • CONTRACTS & AGREEMENTS
        • Table CONTRACTS & AGREEMENTS
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES
      • PARTNERSHIPS, COLLABORATIONS, ALLIANCES, AND JOINT VENTURES
        • Table PARTNERSHIPS, COLLABORATIONS, ALLIANCES, AND JOINT VENTURES
    • LIST OF COMPONENT PROVIDERS
      • GAS TURBINE
      • STEAM TURBINE
      • POWER TRANSFORMERS
      • SWITCHBOARD
  • COMPANY PROFILES
    • FLOATING POWER VESSEL MANUFACTURERS
      • BENCHMARKING
      • WALLER MARINE, INC.
      • KARPOWERSHIP
      • POWER BARGE CORPORATION
      • MODEC, INC.
      • CHIYODA CORPORATION
      • WISON GROUP
      • SAMSUNG HEAVY INDUSTRIES CO., LTD
      • SEVAN MARINE ASA
      • HYUNDAI HEAVY INDUSTRIES CO., LTD.
      • IHI CORPORATION
      • MITSUI O.S.K. LINES, LTD.
      • MITSUBISHI HEAVY INDUSTRIES, LTD.
    • COMPONENT PROVIDER
      • BENCHMARKING
      • GENERAL ELECTRIC COMPANY
      • SIEMENS AG
      • WÄRTSILÄ CORPORATION
      • MAN DIESEL & TURBO SE
      • CATERPILLAR, INC.
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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