Floating Storage and Regasification Unit FSRU Market Report 2025 (Global Edition)

Global Floating Storage and Regasification Unit FSRU Market Report 2025 Market Size Split by Construction Type (Newly built, Converted), by Application (Industrial, Power Generation, Others), by Stora...

Floating Storage and Regasification Unit FSRU Market Report Description

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Impact of Trumph Tariff on Energy and Power Industry

In 2025, global trade entered a turbulent phase as the U.S., under President Donald Trump, introduced aggressive "Liberation Day Tariffs" to address trade imbalances. These tariffs, ranging from 10% to 46%, heavily impacted the energy and power sector, which relies on global supply chains for critical components like rare earth metals, solar panels, wind turbines, and lithium. The U.S.–China trade war escalated, with reciprocal tariffs and China's trade surplus with the U.S. reaching USD 102.6 billion. Retaliatory tariffs from the EU and Canada further disrupted energy supply chains, raising material costs and causing delays in key projects.

The U.S. imposed a 20% tariff on rare earths, impacting EVs and clean tech; 25% on solar panels, increasing installation costs; 15–25% on wind turbine parts, affecting project timelines; and 10–15% on oil and gas equipment, pushing producers to rethink supply networks. Sub-sectors like renewables, EVs, oil & gas, and power generation are all experiencing rising costs, supply bottlenecks, and delayed investments. For instance, solar and wind projects now face 10–30% higher costs, and EV producers are struggling with battery input inflation.

China remains central to the U.S. energy supply chain, with even indirect imports via countries like Vietnam and Malaysia tightly linked to Chinese inputs. As a result, U.S. energy firms are exploring alternative sourcing from Southeast Asia, Latin America, and domestic production to reduce exposure. However, switching suppliers requires significant investment, coordination, and time.

In this volatile environment, market research is critical. It helps energy firms map supplier risks, track price trends, and explore alternative sourcing. It enables supply chain optimization through AI and predictive analytics, while regulatory tracking and scenario planning allow companies to anticipate future disruptions. Energy firms like NextEra and First Solar are responding by diversifying suppliers, investing in local production, and leveraging digital tools to improve procurement and adapt to tariff-driven challenges. Those using data-driven strategies and flexible operations are best positioned to thrive amid rising trade tensions.

Recent Developments

• In January 2023, MOL and Karpowership JV seals Senegal FSRU financing

The floating storage and regasification unit (FSRU) in Senegal will be financed by Japanese banks through the joint venture KARMOL between Turkey's Karpowership and Japan's Mitsui OSK Lines. KARMOL negotiated a transaction for up to $71 million through Senegal LNGT Company with Japan Bank for International Cooperation (JBIC) and MUFG Bank. The FSRU will provide LNG to the Karadeniz Powership Ay?egül Sultan, a Karpowership floating power plant that has been generating 15% of Senegal's electricity since it began operating in October 2019. In 2019, a company called LNG to Power was founded. Developed by Singapore-based Sembcorp Marine, the joint venture's first FSRU, the 125,000 cu m KARMOL LNGT Powership Africa, landed in Senegal in May 2021.

• In April 2022, Elpedison plans new gas facility

Ellison, a company owned by Edison in Italy and Hellenic Petroleum, will take the lead in advancing Greece's position. By putting in place a separate Floating Storage Regasification Unit in Thessaloniki, it will provide the shipping of liquefied natural gas to Europe. The business has asked the Regulatory Authority for Energy for an FSRU licence. By 2025, the project will be operational and will be developed in the Thermaikos Gulf off Thessaloniki.

Top Companies Market Share in Floating Storage and Regasification Unit FSRU Industry: (In no particular order of Rank)

• Excelerate Energy
• Hoegh LNG
• Golar LNG
• BW Gas
• Gazprom
• FLEX LNG
• EXMAR
• DSME
• OLT
• MOL
• Bumi Armada
• Teekay
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Regional Analysis of the Floating Storage and Regasification Unit FSRU Market:

Asia Pacific market is expected to hold the largest 31.2% share in the global market, due to the increasing need for power and gas conversion units. Increasing investments in FSRU and decreased renewable energy costs in Bangladesh and India are anticipated to propel market expansion. The wide range of supply-side accessibility & availability supports the expansion of the Asian market.

The Middle East also plays a significant revenue share in the floating storage and regasification unit market. This growth is attributed to the LNG is widely available for production and is a significant global supplier.

The current report Scope analyzes Floating Storage and Regasification Unit FSRU Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

Floating Storage and Regasification Unit FSRU Market Analysis

The newly built segment is expected to register a high market share of 65.4% in the floating storage and regasification unit (FSRU) market:

The newly built segment is expected to register a high market share in the floating storage and regasification unit (FSRU) market. This is attributed to newly built floating storage and regasification unit having a high initial cost and requiring limited maintenance. 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Floating Storage and Regasification Unit FSRU Industry. Request a Free Sample PDF!

Application Segment Analysis of Floating Storage and Regasification Unit FSRU Market

The Floating Storage and Regasification Unit FSRU market report also delivers an application-driven analysis that examines how various business offerings cater to the unique demands of different sectors. This section evaluates the market size, growth prospects, and revenue contributions specific to each application, while also highlighting the technological innovations that are shaping these sectors. The report provides a global projection of revenue growth in the Floating Storage and Regasification Unit FSRU market, while also breaking down the performance and opportunities in specific regions and countries. By analyzing current trends and identifying future opportunities for each application, this section gives businesses a clearer understanding of the evolving dynamics within the industry and where to focus their efforts for optimal growth during the forecast period. (For a more in-depth review, feel free to request a sample of the pages or reach out to our team directly for further information.)

Some of the key Application of Floating Storage and Regasification Unit FSRU are:

• Industrial
• Power Generation
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Floating Storage and Regasification Unit FSRU Storage Capacity Segment Analysis

The medium segment held a major market share in the floating storage and regasification unit (FSRU) market:

The medium segment is expected to major market share of 42.8% during the forecast period, due to the majority of FSRU vessels deployed of medium size, and growing demand for medium storage capacity FSRU units is expected to remain stable during the forecast period.

• Small
• Medium
• Large

Floating Storage and Regasification Unit FSRU Platform Type Segment Analysis

• Offshore
• Inshore

Floating Storage and Regasification Unit FSRU Design Type Segment Analysis

Carrier vessel-based segment accounted for the major part of the revenue share of 71.3% in the floating storage and regasification unit (FSRU) market:

The carrier vessel-based floating storage & regasification unit segment dominated the market and is projected to continue the dominance over the forecast period. However, barge-based floating storage & regasification unit vessels are finding space for installations where small-scale LNG import is required. The expansion of storage or regasification capacity at existing floating storage & regasification unit terminals is another factor that is anticipated to help the barge-based floating storage & regasification unit segment.

• Barged Based
• Carrier Vessel Based

Floating Storage and Regasification Unit FSRU End User Segment Analysis

The oil & gas industry segment among the end-user segments is expected to account for the highest revenue share of 45.6% over the forecast period. This is due to the floating storage and regasification unit being a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil. The purpose of an FSRU vessel is to process and store oil until it can be put onto a tanker or, less frequently, delivered through a pipeline. It can also accept hydrocarbons generated on-site, from adjacent platforms, or from subsea templates. Due to their ease of installation and lack of need for a local pipeline infrastructure for oil export, floating storage and regasification units are chosen in frontier offshore locations. A floating storage and regasification unit may be a vessel that has been particularly designed for the purpose or it may be an oil tanker that has been converted. A floating storage and regasification unit is a ship that only serves as an oil storage facility.

• Oil & gas industry
• Marine
• Others

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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