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Floating LNG Power Vessel Market Size, Share, Growth

Floating LNG Power Vessel Market Size, Share, Growth
Floating LNG Power Vessel Market Scenario Floating LNG Power Vessel Market size is projected to reach USD 668.8 Million by 2025, with 4.16% CAGR between 2019 and 2025. The major factors driving the growth of the global floating LNG power vessel market is the lack of adequate power generation infrastructure in developing countries and lower pollution levels. The industrial output from developing countries in Asia-Pacific and Africa is growing at a significant rate, which directly increases the demand for electricity. Furthermore, floating LNG power vessels can support the electricity grid during peak loads. For instance, in September 2019, Siemens (Germany) announced that two power barges would be installed offshore New York with a capacity of 600 MW to support the cities electricity requirements. Key Players The global floating LNG power vessel market has been segmented based on vessel type, power output, and component. Market Segmentation Intended Audience Report Scope:

https://www.marketresearchfuture.com/reports/floating-lng-power-vessel-market-8586

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