The global floating LNG power vessel market is estimated to register a CAGR of approximately 1.52% in terms of value during forecast period 2018 to 2027. 

Floating LNG power vessel is suitable for the areas where the large electrical demand exists. Growing adoption of floating LNG power vessel, owing to increasing use of electricity is a major factor driving growth of the global floating LNG power vessel market.

High capital cost associated with operations, maintenance, transportation, and logistics are major factors expected to limit growth of the global floating LNG power vessel market over the forecast period. Also, increasing focus on renewable energy could act as restraining factor for the global floating LNG power vessel market. Also, increasing use of renewable energy is another factor expected to restrain growth of the floating LNG power vessel market in the near future.

Currently, market in Asia-Pacific accounts for highest market share in the global floating LNG power vessel market in terms of revenue. Growing population in the region has increased the demand for electricity which is one of the major factor driving growth of the global floating LNG power vessel market in the region.

The market in Europe is also expected to witness significant growth over the forecast period, owing to increasing demand for floating LNG power vessel due to its benefits over land-based power plants, in the region. Also the market in Asia-Pacific is expected to register a CAGR of X.X% during the forecast period.

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The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global floating LNG power vessel market has been segmented on the basis of vessel type, component, power output, and region.

Global floating LNG power vessel market segmentation:

By vessel type:

• Power Barge
• Power Ship

By component:

• Power Generation System
• Gas Turbine & IC Engine
• Steam Turbine & Generator
• Power Distribution System
• Transformer
• Switchboard

By power output:

• Small Scale (Up to 72 MW)
• Medium Scale (72 MW to 400 MW)
• High Scale (Above 400 MW)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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