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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

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Date: 24-Aug-2018
No. of pages: 108
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“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 931.6million by 2023from an estimated USD 860.1million 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. Switch board 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 definedon 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.

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

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Limitations
    2.5 Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 28)
    4.1 Floating LNG Power Vessel Market Overview
    4.2 Floating LNG Power Vessel Market, By Vessel Type
    4.3 Floating LNG Power Vessel Market: Component & Region
    4.4 Floating LNG Power Vessel Market, By Power Output (2018–2023)
    4.5 Floating LNG Power Vessel Market, By Component (2018–2023)
    4.6 Power Generation Systems Floating LNG Power Vessel Market, By Key Components (2018)
    4.7 Power Distribution Systems Floating LNG Power Vessel Market, By Key Components (2018)

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Power, Coupled With the Lack of Power Infrastructure
                    5.2.1.2 Benefits Over Land-Based Power Plants
           5.2.2 Restraints
                    5.2.2.1 High Operating Cost Associated With Transportation, Logistics, & Accessibility Issues
                    5.2.2.2 Price Disparity Across Regional Markets
                    5.2.2.3 Increasing Focus on Renewable Energy – Floating Power Plants
           5.2.3 Opportunities
                    5.2.3.1 Stringent Emission Norms for Diesel Engine Powered Marine Gensets & Rise in Hybrid Fuel Engines
                    5.2.3.2 Growth in Adoption of LNG as an Energy Source
           5.2.4 Challenges
                    5.2.4.1 Growth in Distributed Energy Generation

6 Floating LNG Power Vessel Market, By Vessel Type (Page No. - 39)
    6.1 Introduction
    6.2 Power Barge
    6.3 Power Ship

7 Floating LNG Power Vessel Market, By Power Output (Page No. - 42)
    7.1 Introduction
    7.2 Small Scale (Up to 72 MW)
    7.3 Medium Scale (>72 MW–400 MW)
    7.4 High Scale (>400 MW)

8 Floating LNG Power Vessel Market, By Component (Page No. - 46)
    8.1 Introduction
    8.2 Power Generation System
           8.2.1 Gas Turbine & IC Engine
           8.2.2 Steam Turbine & Generator
    8.3 Power Distribution System
           8.3.1 Transformer
           8.3.2 Switchboard

9 Floating LNG Power Vessel Market, By Region (Page No. - 52)
    9.1 Introduction
    9.2 Asia Pacific
           9.2.1 By Component
           9.2.2 By Power Output
    9.3 Middle East & Africa
           9.3.1 By Component
           9.3.2 By Power Output
    9.4 North America
           9.4.1 By Component
           9.4.2 By Power Output
    9.5 Rest of the World
           9.5.1 By Component
           9.5.2 By Power Output

10 Competitive Landscape (Page No. - 61)
     10.1 Overview
     10.2 Key Players & Market Structure
     10.3 Competitive Scenario
             10.3.1 Contracts & Agreements
             10.3.2 New Product Launches
             10.3.3 Partnerships, Collaborations, Alliances, and Joint Ventures
     10.4 List of Component Providers
             10.4.1 Gas Turbine
             10.4.2 Steam Turbine
             10.4.3 Power Transformers
             10.4.4 Switchboard

11 Company Profiles (Page No. - 67)
(Business Overview, Products Offered, Recent Developments, MnM View)*
     11.1 Floating Power Vessel Manufacturers
             11.1.1 Benchmarking
             11.1.2 Waller Marine, Inc.
             11.1.3 Karpowership
             11.1.4 Power Barge Corporation
             11.1.5 Modec, Inc.
             11.1.6 Chiyoda Corporation
             11.1.7 Wison Group
             11.1.8 Samsung Heavy Industries Co., Ltd
             11.1.9 Sevan Marine Asa
             11.1.10 Hyundai Heavy Industries Co., Ltd.
             11.1.11 IHI Corporation
             11.1.12 Mitsui O.S.K. Lines, Ltd.
             11.1.13 Mitsubishi Heavy Industries, Ltd.
     11.2 Component Provider
             11.2.1 Benchmarking
             11.2.2 General Electric Company
             11.2.3 Siemens AG
             11.2.4 Wärtsilä Corporation
             11.2.5 Man Diesel & Turbo SE
             11.2.6 Caterpillar, Inc.

*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 100)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (27 Tables)

Table 1 Global Floating LNG Power Vessel Market Snapshot
Table 2 Global Urban Population Overview, By Region - 1990, 2014, 2030, and 2050
Table 3 Global Access to Electricity, By Region (2016)
Table 4 Floating LNG Power Vessel Market, By Vessel Type, 2016–2023 (USD Million)
Table 5 Floating LNG Power Vessel Market, By Power Output, 2016–2023 (USD Million)
Table 6 Small Scale: Floating LNG Power Vessel Market Size, By Region, 2016–2023 (USD Million)
Table 7 Medium Scale: Floating LNG Power Vessel Market Size, By Region, 2016–2023 (USD Million)
Table 8 High Scale: Floating LNG Power Vessel Market Size, By Region, 2016–2023 (USD Million)
Table 9 Floating LNG Power Vessel Market, By Component, 2016–2023 (USD Million)
Table 10 Power Generation System: Floating LNG Power Vessel Market Size, By Region, 2016–2023 (USD Million)
Table 11 Power Generation System: Floating LNG Power Vessel Market Size, By Component, 2016–2023 (USD Million)
Table 12 Power Distribution System: Floating LNG Power Vessel Market Size, By Region, 2016–2023 (USD Million)
Table 13 Power Distribution System: Floating LNG Power Vessel Market Size, By Component, 2016–2023 (USD Million)
Table 14 Floating LNG Power Vessel Market Size, By Region, 2016–2023 (USD Million)
Table 15 Asia Pacific: Floating LNG Power Vessel Market Size, By Component, 2016–2023 (USD Million)
Table 16 Aisa Pacific: Floating LNG Power Vessel Market Size, By Power Output, 2016–2023 (USD Million)
Table 17 Middle East & Africa: Floating LNG Power Vessel Market Size, By Component, 2016–2023 (USD Million)
Table 18 Middle East & Africa: Floating LNG Power Vessel Market Size, By Power Output, 2016–2023 (USD Million)
Table 19 North America: Floating LNG Power Vessel Market Size, By Component, 2016–2023 (USD Million)
Table 20 North America: Floating LNG Power Vessel Market Size, By Power Output, 2016–2023 (USD Million)
Table 21 Rest of the World: Floating LNG Power Vessel Market Size, By Component, 2016–2023 (USD Million)
Table 22 Rest of the World: Floating LNG Power Vessel Market Size, By Power Output, 2016–2023 (USD Million)
Table 23 Market Ranking of the Major Players in the Floating LNG Power Vessel Market, By Value, 2016
Table 24 Karpownership Was the Most Active Player in the Market, January 2014–April 2018
Table 25 Contracts & Agreements
Table 26 New Product Launches
Table 27 Partnerships, Collaborations, Alliances, and Joint Ventures


List of Figures (40 Figures)

Figure 1 Market Segmentation: Floating LNG Power Vessel Market
Figure 2 Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions
Figure 7 Asia Pacific to Dominate the Floating LNG Power Vessel Market During the Forecast Period
Figure 8 Power Generation System Segment to Dominate the Floating LNG Power Vessel Market From 2018–2023
Figure 9 High Scale (>400 MW) Segment Dominates the Floating LNG Power Vessel Market From 2018–2023
Figure 10 Increasing Demand for Power and Lack of Power Infrastructure to Drive the Floating LNG Power Vessel Market
Figure 11 The Power Ships Segment is Expected to Dominate the Market From 2018 to 2023
Figure 12 Asia Pacific is Expected to Hold the Largest Share of the Floating LNG Power Vessel Market in 2018
Figure 13 Medium Scale Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 14 Power Generation Systems Segment to Dominate During the Forecast Period
Figure 15 Gas Turbines & IC Engines Segment to Hold the Largest Market Share in 2018
Figure 16 Transformer Segment to Hold the Largest Market Share in 2018
Figure 17 Market Dynamics: Floating LNG Power Vessel Market
Figure 18 Electrical Network Expenditure, By Region, 2016
Figure 19 Power Ship Floating LNG Power Vessel Segment is Expected to Have the Largest Market Share During the Forecast Period
Figure 20 High Scale Segment is Expected to Account for the Largest Market, 2018–2023
Figure 21 Power Distribution System Segment is Expected to Have the Highest Growth During the Forecast Period
Figure 22 Asia Pacific is the Largest Market in the Power Generation System Floating LNG Power Vessel Market Segment, 2018–2023
Figure 23 Middle East & Africa Dominated the Floating LNG Power Vessel Market in 2016
Figure 24 Floating LNG Power Vessel Market Size, By Region, 2018–2023 (USD Million)
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Middle East & Africa: Market Snapshot
Figure 27 Key Developments in the Floating LNG Power Vessel Market, 2015–2018
Figure 28 Modec, Inc.: Company Snapshot
Figure 29 Chiyoda Corporation: Company Snapshot
Figure 30 Samsung Heavy Industries Co., Ltd: Company Snapshot
Figure 31 Sevan Marine ASA: Company Snapshot
Figure 32 Hyundai Heavy Industries Co., Ltd.: Company Snapshot
Figure 33 IHI Corporation: Company Snapshot
Figure 34 Mitsui O.S.K. Lines, Ltd.: Company Snapshot
Figure 35 Mitsubishi Heavy Industries, Ltd.: Company Snapshot
Figure 36 General Electric Company: Company Snapshot
Figure 37 Siemens AG: Company Snapshot
Figure 38 Wärtsilä Corporation: Company Snapshot
Figure 39 Man Diesel & Turbo SE: Company Snapshot
Figure 40 Caterpillar, Inc.: Company Snapshot

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