October 20, 2023:The global floating storage regasification unit (FSRU) market is expected to grow by $805.25 million from 2022 to 2027, at a CAGR of 7.88%, according to a new report by Research and Markets.
The growth of the FSRU market is attributed to several factors, including:
Asia Pacific is the largest market for FSRUs, followed by Europe and North America. The growth of the FSRU market in Asia Pacific is attributed to the rising demand for LNG in the region. The growth of the FSRU market in Europe is attributed to the increasing need for flexible and scalable LNG import solutions. The growth of the FSRU market in North America is attributed to the growing availability of FSRU vessels.
The key players in the FSRU market include Exmar, Höegh LNG, BW LNG, and Excelerate Energy. These companies offer various FSRU services, including vessel chartering, regasification services, and FSRU project development.
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