LNG carriers are the tank ships designed to carry Liquefied Natural Gas (LNG) at a cryogenic temperature of −161°C. These carriers are equipped with efficient steam turbine-driven propulsion systems, which are propelled by dual fuel diesel electric propulsion systems. This increases the efficiency of LNG carriers by approximate 30% as compared to conventional vessels.
LNG carriers have high resistance to thermal and mechanical stress and strain. LNG carrier manufacturers are constantly involved in innovation and development in order to save cost, increase carrier capacity and improve carrier design. Natural gas is one of the world’s most needed feedstock and with the ever-growing demand for clean energy sources, the demand for LNG is rising, which is subsequently driving the LNG carrier market. The LNG carrier market possesses pronounced growth opportunities for the growth of new as well as established players.
Asia Pacific dominates the global LNG carrier market and is expected retain its dominance during the forecast period, owing to the increase in demand in countries, such as, China, Japan, India and Pakistan.
Japan is one of the largest importers of LNG across the globe. Moreover, the increasing demand for clean and green energy sources for power generation in most Asian countries is driving the LNG demand in the region. With the increasing offshore and onshore construction activities in the U.S., the LNG carrier market is expected to grow in the North American region. The European LNG Carrier market is also expected to grow with a steady rate during the forecast period, driven by the increasing exploration activity in the region.
In 2019, the market size of LNG Carrier is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for LNG Carrier.
This report studies the global market size of LNG Carrier, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the LNG Carrier production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
STX Offshore & Shipbuilding
Samsung Heavy Industries
Mitsui O.S.K. Lines (MOL)
Mitsubishi Heavy Industries
Kawasaki Heavy Industries
Hyundai Heavy Industries
GasLog Ltd
Dynagas Ltd
Daewoo Shipbuilding and Marine Engineering (DSME)
China State Shipbuilding Corporation
Market Segment by Product Type
Under 120,000 m3
120,000–160,000 m3
Above 160,000 m3
Market Segment by Application
Government Organization
LNG Supplier
Other
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the LNG Carrier status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key LNG Carrier manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of LNG Carrier are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on LNG Carrier. Industry analysis & Market Report on LNG Carrier is a syndicated market report, published as Global (United States, European Union and China) LNG Carrier Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of LNG Carrier market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.