Floating Gas Power Generation (FSRP) Market

The floating gas power generation market is divided into LNG and NGTEs. The LNG segment is expected to dominate the market owing to its higher technical feasibility and lower cost of ownership. However, the NGTE segment is emerging as an important player due to its wide application scope and low installation costs.

The floating gas power generation market is segmented based on technology, end-user, and region. The technology segment includes both hydrocarbon-based and renewable energy sources. The end-user segment includes both commercial and industrial sectors.

The floating gas power generation market is expected to grow at a CAGR of XX% during the forecast period of 2018–2031. The market is segmented based on technology, namely, liquefied natural gas (LNG) and natural gas turbine engines (NGTEs).

Asia Pacific is expected to be the fastest-growing region in the floating gas power generation market during the forecast period. This is due to rising investments in renewable energy projects in China and India. North America is also projected to be a significant player in the market, owing to its increasing industrial installations.

Some major players operating in the floating gas power generation market include Wison, Karpower International, Mitsui O.S.K. Lines, and CIMC.