North America FLNG Market Size (2024 - 2029)

The North American FLNG market is poised for growth, driven by the increasing adoption of FLNG technology for natural gas production, liquefaction, and storage. Despite the challenges posed by high investment costs, the market is expected to expand due to the rising demand for clean fuel technologies and a sustainable energy mix. The United States, in particular, is set to experience significant growth, supported by the demand for natural gas and the development of new FLNG facilities. The market has rebounded to pre-pandemic levels, indicating a positive trajectory for the forecast period.

Home Market Analysis Energy & Power Research Oil and Gas Research Liquefied Natural Gas (LNG) Research Floating LNG Research North America FLNG Market Market Size

Market Size of North America FLNG Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
North America FLNG Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 3.00 %
Market Concentration Medium

Major Players

North America FLNG Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

North America FLNG Market Analysis

The North American FLNG market is expected to register a CAGR of over 3% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has reached pre-pandemic levels.

  • The upcoming FLNG projects, accelerated by the rising demand for clean fuel technologies and a growing emphasis on a sustainable energy mix, are expected to drive the growth of the market studied.
  • On the other hand, the high costs of investments are expected to hamper the growth of FLNG during the forecast period.
  • Nevertheless, the increasing adoption of FLNG technology for the production, liquefaction, and storage of natural gas is likely to create lucrative growth opportunities for the North American FLNG market in the forecast period.
  • The United States dominates the market and is also likely to witness significant growth during the forecast period. This growth is attributed to the increasing demand for natural gas and upcoming FLNG facilities resulting in massive demand for North American FLNG market.

North America FLNG Industry Segmentation

Floating liquefied natural gas (FLNG) performs the gas treatment and liquefaction (production of LNG) from the natural gases produced in offshore gas fields and the storage/offloading of product LNG to LNG carriers for ocean transportation. FLNG technology is complementary to conventional onshore liquefied natural gas (LNG) as it helps to accelerate the development of gas resources to meet the world's growing demand. 

The North American FLNG market is segmented by geography. The report covers the market size and forecasts for the North American FLNG market across major countries. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

Need A Different Region Or Segment?
Customize Now

North America FLNG Market Size Summary

The North American FLNG market is poised for growth, driven by the increasing demand for clean fuel technologies and a focus on sustainable energy solutions. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. The United States plays a dominant role in this market, benefiting from its substantial LNG export capacity and the development of new FLNG facilities. These facilities offer flexibility and cost-effective solutions for natural gas production, liquefaction, and storage, particularly in remote areas. Despite the high initial investment costs, the adoption of FLNG technology is expected to create significant opportunities for market expansion during the forecast period.

The market landscape is moderately consolidated, with key players such as Shell PLC, Eni SpA, Technip Energies NV, Black & Veatch Holding Company, and New Fortress Energy actively participating in the sector. Recent developments include strategic partnerships and projects aimed at enhancing FLNG capabilities, such as the collaboration between New Fortress Energy and Pemex in Mexico and the proposed floating LNG facility in British Columbia. These initiatives underscore the growing importance of FLNG technology in meeting the rising global demand for natural gas and the strategic positioning of North America in the international energy market.

Explore More

North America FLNG Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION - By Geography

    1. 2.1 United States

    2. 2.2 Canada

    3. 2.3 Rest of North America

North America FLNG Market Size FAQs

The North America FLNG Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Shell plc, Eni S.p.A., Technip Energies N.V., Black & Veatch Holding Company and New Fortress Energy are the major companies operating in the North America FLNG Market.

North America FLNG Report Snapshots

North America FLNG Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)