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Report Scope & Overview:

The Floating Liquefied Natural Gas (FLNG) market size reached USD 19.21 Billion in 2022 and is expected to register a revenue CAGR of 4.7 % during the forecast period, according to latest analysis by Stringent datalytics.

FLNG Market Overview:

FLNG is a technology that allows for the production, liquefaction, storage, and offloading of natural gas from offshore gas fields without the need for onshore infrastructure. It involves deploying a floating facility, typically a ship or barge, that is equipped with the necessary processing and liquefaction capabilities.

The global FLNG market has witnessed significant growth in recent years. The increasing demand for natural gas, coupled with the depletion of onshore gas reserves and the exploration of offshore gas fields, has driven the adoption of FLNG technology. It offers several advantages, including the ability to access remote offshore gas fields, reduced infrastructure costs compared to onshore facilities, and the flexibility to move the facility to different locations as required.

The FLNG market is influenced by various factors, including the availability of offshore gas reserves, economic viability of FLNG projects compared to other development options, regulatory frameworks, and geopolitical considerations. The market is also impacted by factors such as natural gas prices, global LNG demand, and advancements in FLNG technology.


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FLNG Market Demand and Growth Points:

  • Increasing Offshore Natural Gas Exploration: The growing demand for natural gas, coupled with the depletion of onshore gas reserves, is driving the exploration and production of offshore gas fields, boosting the demand for Floating Liquefied Natural Gas (FLNG) facilities.
  • Cost Efficiency and Flexibility: FLNG offers cost-efficient and flexible solutions for monetizing remote offshore gas fields by eliminating the need for costly onshore infrastructure and enabling gas production and liquefaction directly at the offshore site.
  • Global LNG Market Expansion: The global liquefied natural gas (LNG) market is expanding, driven by increasing demand for clean energy sources. FLNG facilities contribute to the growth of LNG production capacity, facilitating international trade and meeting the growing demand for natural gas.
  • Technological Advancements: Continuous technological advancements in FLNG design, engineering, and construction enhance operational efficiency, safety, and reliability, further driving the growth of the FLNG market.
  • Offshore Energy Development in Emerging Economies: Emerging economies are increasingly focusing on offshore energy development to meet their growing energy demands. FLNG offers a viable solution for these economies to access and monetize their offshore gas resources, driving market growth.
  • Environmental Considerations: FLNG facilities offer environmental advantages compared to onshore LNG plants, with reduced land footprint, lower emissions, and improved spill prevention measures, aligning with sustainability goals and regulations

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Market Segmentations:

Global FLNG Market: By Company
• Golar LNG
• Hoegh LNG
• Excelerate Energy
• Exmar
• Eni
• Ophir Energy
• Mitsui O.S.K
• Lines
• Royal Dutch Shell
• Petronas
• Noble Energy
• Woodside Petroleum
• Samsung Heavy Industries
• DSME and Associates
• Hyundai Heavy Industries
• Mitsubishi Heavy Industries

Global FLNG Market: By Type
• LNG FPSO
• FSRU

Global FLNG Market: By Application
• Residential
• Commercial
• Industrial

Global FLNG Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global FLNG market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Report Attribute/MetricDetails
Market Size 2022USD 19.21 Billion 
Compound Annual Growth Rate (CAGR)4.7% (2023-2032)
Base Year2022
Forecast Period2023-2032
Historical Data2018-2022
Forecast UnitsValue (USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape,
Growth Factors, and Trends 
By Type• LNG FPSO
• FSRU

By Application• Residential
• Commercial
• Industrial
Key Companies Profiled• Golar LNG
• Hoegh LNG
• Excelerate Energy
• Exmar
• Eni
• Ophir Energy
• Mitsui O.S.K
• Lines
• Royal Dutch Shell
• Petronas
• Noble Energy
• Woodside Petroleum
• Samsung Heavy Industries
• DSME and Associates
• Hyundai Heavy Industries
• Mitsubishi Heavy Industries

Regions and Key Countries CoveredU.S., Canada, and Mexico in North America, Germany, France, U.K.,
Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium,
and Rest of Europe in Europe, Singapore, Malaysia, Australia,
Thailand, Indonesia, Philippines, China, Japan, India,
South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC),
Saudi Arabia, U.A.E, South Africa, Egypt, Israel,
Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA),
and Argentina, Brazil, and Rest of South America as part of South America
Customization ScopeAvailable on Request

Reasons to Purchase FLNG Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Overall, market research reports provide businesses and organizations with valuable information that can help them make informed decisions and stay competitive in their industry. They can provide a solid foundation for business planning, strategy development, and decision-making.

Objectives of FLNG Market Study:
The objectives of FLNG market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of FLNG market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Overall, the objectives of FLNG market research report are to provide businesses and organizations with valuable insights and data-driven recommendations that can help them make informed business decisions and stay competitive in their industry.

Frequently Asked Questions

  The Floating Liquefied Natural Gas (FLNG) market size reached USD 19.21 Billion in 2022 and is expected to register a revenue CAGR of 4.7 % during the forecast period, according to latest analysis by Stringent datalytics.

  The key factors driving the growth of the Global FLNG Market include increasing offshore natural gas exploration, cost efficiency and flexibility of FLNG solutions, the expansion of the global LNG market, technological advancements in FLNG design, offshore energy development in emerging economies, and environmental considerations.

  • Golar LNG • Hoegh LNG • Excelerate Energy • Exmar • Eni • Ophir Energy • Mitsui O.S.K • Lines • Royal Dutch Shell • Petronas • Noble Energy • Woodside Petroleum • Samsung Heavy Industries • DSME and Associates • Hyundai Heavy Industries • Mitsubishi Heavy Industries

  Emerging trends in the Global FLNG Market include the development of larger and more efficient FLNG units, advancements in liquefaction and storage technologies, increasing focus on modular and standardized FLNG designs, and the integration of digital and automation solutions for improved operations.

  Some of the challenges faced by the Global FLNG Market include high initial costs, regulatory complexities, geopolitical risks, and the need for skilled labor and expertise for FLNG operations and maintenance.

TABLE OF CONTENT

1 FLNG Market Overview
1.1 Product Definition
1.2 FLNG Segment by Type
1.2.1 Global FLNG Market Value Growth Rate Analysis by Type 2023 VS 2032
1.2.2 LNG FPSO
1.2.3 FSRU
1.3 FLNG Segment by Application
1.3.1 Global FLNG Market Value Growth Rate Analysis by Application: 2023 VS 2032
1.3.2 Residential
1.3.3 Commercial
1.3.4 Industrial
1.4 Global Market Growth Prospects
1.4.1 Global FLNG Production Value Estimates and Forecasts (2017-2032)
1.4.2 Global FLNG Production Capacity Estimates and Forecasts (2017-2032)
1.4.3 Global FLNG Production Estimates and Forecasts (2017-2032)
1.4.4 Global FLNG Market Average Price Estimates and Forecasts (2017-2032)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global FLNG Production Market Share by Manufacturers (2017-2023)
2.2 Global FLNG Production Value Market Share by Manufacturers (2017-2023)
2.3 Global Key Players of FLNG, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global FLNG Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global FLNG Average Price by Manufacturers (2017-2023)
2.6 Global Key Manufacturers of FLNG, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of FLNG, Product Offered and Application
2.8 Global Key Manufacturers of FLNG, Date of Enter into This Industry
2.9 FLNG Market Competitive Situation and Trends
2.9.1 FLNG Market Concentration Rate
2.9.2 Global 5 and 10 Largest FLNG Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 FLNG Production by Region
3.1 Global FLNG Production Value Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.2 Global FLNG Production Value by Region (2017-2032)
3.2.1 Global FLNG Production Value Market Share by Region (2017-2023)
3.2.2 Global Forecasted Production Value of FLNG by Region (2023-2032)
3.3 Global FLNG Production Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.4 Global FLNG Production by Region (2017-2032)
3.4.1 Global FLNG Production Market Share by Region (2017-2023)
3.4.2 Global Forecasted Production of FLNG by Region (2023-2032)
3.5 Global FLNG Market Price Analysis by Region (2017-2023)
3.6 Global FLNG Production and Value, Year-over-Year Growth
3.6.1 North America FLNG Production Value Estimates and Forecasts (2017-2032)
3.6.2 Europe FLNG Production Value Estimates and Forecasts (2017-2032)
3.6.3 China FLNG Production Value Estimates and Forecasts (2017-2032)
3.6.4 Japan FLNG Production Value Estimates and Forecasts (2017-2032)
4 FLNG Consumption by Region
4.1 Global FLNG Consumption Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
4.2 Global FLNG Consumption by Region (2017-2032)
4.2.1 Global FLNG Consumption by Region (2017-2023)
4.2.2 Global FLNG Forecasted Consumption by Region (2023-2032)
4.3 North America
4.3.1 North America FLNG Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.3.2 North America FLNG Consumption by Country (2017-2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe FLNG Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.4.2 Europe FLNG Consumption by Country (2017-2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific FLNG Consumption Growth Rate by Region: 2018 VS 2023 VS 2032
4.5.2 Asia Pacific FLNG Consumption by Region (2017-2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa FLNG Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.6.2 Latin America, Middle East & Africa FLNG Consumption by Country (2017-2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global FLNG Production by Type (2017-2032)
5.1.1 Global FLNG Production by Type (2017-2023)
5.1.2 Global FLNG Production by Type (2023-2032)
5.1.3 Global FLNG Production Market Share by Type (2017-2032)
5.2 Global FLNG Production Value by Type (2017-2032)
5.2.1 Global FLNG Production Value by Type (2017-2023)
5.2.2 Global FLNG Production Value by Type (2023-2032)
5.2.3 Global FLNG Production Value Market Share by Type (2017-2032)
5.3 Global FLNG Price by Type (2017-2032)
6 Segment by Application
6.1 Global FLNG Production by Application (2017-2032)
6.1.1 Global FLNG Production by Application (2017-2023)
6.1.2 Global FLNG Production by Application (2023-2032)
6.1.3 Global FLNG Production Market Share by Application (2017-2032)
6.2 Global FLNG Production Value by Application (2017-2032)
6.2.1 Global FLNG Production Value by Application (2017-2023)
6.2.2 Global FLNG Production Value by Application (2023-2032)
6.2.3 Global FLNG Production Value Market Share by Application (2017-2032)
6.3 Global FLNG Price by Application (2017-2032)
7 Key Companies Profiled
7.1 Golar LNG
7.1.1 Golar LNG FLNG Corporation Information
7.1.2 Golar LNG FLNG Product Portfolio
7.1.3 Golar LNG FLNG Production, Value, Price and Gross Margin (2017-2023)
7.1.4 Golar LNG Main Business and Markets Served
7.1.5 Golar LNG Recent Developments/Updates
7.2 Hoegh LNG
7.2.1 Hoegh LNG FLNG Corporation Information
7.2.2 Hoegh LNG FLNG Product Portfolio
7.2.3 Hoegh LNG FLNG Production, Value, Price and Gross Margin (2017-2023)
7.2.4 Hoegh LNG Main Business and Markets Served
7.2.5 Hoegh LNG Recent Developments/Updates
7.3 Excelerate Energy
7.3.1 Excelerate Energy FLNG Corporation Information
7.3.2 Excelerate Energy FLNG Product Portfolio
7.3.3 Excelerate Energy FLNG Production, Value, Price and Gross Margin (2017-2023)
7.3.4 Excelerate Energy Main Business and Markets Served
7.3.5 Excelerate Energy Recent Developments/Updates
7.4 Exmar
7.4.1 Exmar FLNG Corporation Information
7.4.2 Exmar FLNG Product Portfolio
7.4.3 Exmar FLNG Production, Value, Price and Gross Margin (2017-2023)
7.4.4 Exmar Main Business and Markets Served
7.4.5 Exmar Recent Developments/Updates
7.5 Eni
7.5.1 Eni FLNG Corporation Information
7.5.2 Eni FLNG Product Portfolio
7.5.3 Eni FLNG Production, Value, Price and Gross Margin (2017-2023)
7.5.4 Eni Main Business and Markets Served
7.5.5 Eni Recent Developments/Updates
7.6 Ophir Energy
7.6.1 Ophir Energy FLNG Corporation Information
7.6.2 Ophir Energy FLNG Product Portfolio
7.6.3 Ophir Energy FLNG Production, Value, Price and Gross Margin (2017-2023)
7.6.4 Ophir Energy Main Business and Markets Served
7.6.5 Ophir Energy Recent Developments/Updates
7.7 Mitsui O.S.K
7.7.1 Mitsui O.S.K FLNG Corporation Information
7.7.2 Mitsui O.S.K FLNG Product Portfolio
7.7.3 Mitsui O.S.K FLNG Production, Value, Price and Gross Margin (2017-2023)
7.7.4 Mitsui O.S.K Main Business and Markets Served
7.7.5 Mitsui O.S.K Recent Developments/Updates
7.8 Lines
7.8.1 Lines FLNG Corporation Information
7.8.2 Lines FLNG Product Portfolio
7.8.3 Lines FLNG Production, Value, Price and Gross Margin (2017-2023)
7.8.4 Lines Main Business and Markets Served
7.7.5 Lines Recent Developments/Updates
7.9 Royal Dutch Shell
7.9.1 Royal Dutch Shell FLNG Corporation Information
7.9.2 Royal Dutch Shell FLNG Product Portfolio
7.9.3 Royal Dutch Shell FLNG Production, Value, Price and Gross Margin (2017-2023)
7.9.4 Royal Dutch Shell Main Business and Markets Served
7.9.5 Royal Dutch Shell Recent Developments/Updates
7.10 Petronas
7.10.1 Petronas FLNG Corporation Information
7.10.2 Petronas FLNG Product Portfolio
7.10.3 Petronas FLNG Production, Value, Price and Gross Margin (2017-2023)
7.10.4 Petronas Main Business and Markets Served
7.10.5 Petronas Recent Developments/Updates
7.11 Noble Energy
7.11.1 Noble Energy FLNG Corporation Information
7.11.2 Noble Energy FLNG Product Portfolio
7.11.3 Noble Energy FLNG Production, Value, Price and Gross Margin (2017-2023)
7.11.4 Noble Energy Main Business and Markets Served
7.11.5 Noble Energy Recent Developments/Updates
7.12 Woodside Petroleum
7.12.1 Woodside Petroleum FLNG Corporation Information
7.12.2 Woodside Petroleum FLNG Product Portfolio
7.12.3 Woodside Petroleum FLNG Production, Value, Price and Gross Margin (2017-2023)
7.12.4 Woodside Petroleum Main Business and Markets Served
7.12.5 Woodside Petroleum Recent Developments/Updates
7.13 Samsung Heavy Industries
7.13.1 Samsung Heavy Industries FLNG Corporation Information
7.13.2 Samsung Heavy Industries FLNG Product Portfolio
7.13.3 Samsung Heavy Industries FLNG Production, Value, Price and Gross Margin (2017-2023)
7.13.4 Samsung Heavy Industries Main Business and Markets Served
7.13.5 Samsung Heavy Industries Recent Developments/Updates
7.14 DSME and Associates
7.14.1 DSME and Associates FLNG Corporation Information
7.14.2 DSME and Associates FLNG Product Portfolio
7.14.3 DSME and Associates FLNG Production, Value, Price and Gross Margin (2017-2023)
7.14.4 DSME and Associates Main Business and Markets Served
7.14.5 DSME and Associates Recent Developments/Updates
7.15 Hyundai Heavy Industries
7.15.1 Hyundai Heavy Industries FLNG Corporation Information
7.15.2 Hyundai Heavy Industries FLNG Product Portfolio
7.15.3 Hyundai Heavy Industries FLNG Production, Value, Price and Gross Margin (2017-2023)
7.15.4 Hyundai Heavy Industries Main Business and Markets Served
7.15.5 Hyundai Heavy Industries Recent Developments/Updates
7.16 Mitsubishi Heavy Industries
7.16.1 Mitsubishi Heavy Industries FLNG Corporation Information
7.16.2 Mitsubishi Heavy Industries FLNG Product Portfolio
7.16.3 Mitsubishi Heavy Industries FLNG Production, Value, Price and Gross Margin (2017-2023)
7.16.4 Mitsubishi Heavy Industries Main Business and Markets Served
7.16.5 Mitsubishi Heavy Industries Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 FLNG Industry Chain Analysis
8.2 FLNG Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 FLNG Production Mode & Process
8.4 FLNG Sales and Marketing
8.4.1 FLNG Sales Channels
8.4.2 FLNG Distributors
8.5 FLNG Customers
9 FLNG Market Dynamics
9.1 FLNG Industry Trends
9.2 FLNG Market Drivers
9.3 FLNG Market Challenges
9.4 FLNG Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

Golar LNG
Hoegh LNG
Excelerate Energy
Exmar
Eni
Ophir Energy
Mitsui O.S.K
Lines
Royal Dutch Shell
Petronas
Noble Energy
Woodside Petroleum
Samsung Heavy Industries
DSME and Associates
Hyundai Heavy Industries
Mitsubishi Heavy Industries

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