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.
The global LNG Carrier market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on LNG Carrier volume and value at global level, regional level and company level. From a global perspective, this report represents overall LNG Carrier market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of LNG Carrier in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their LNG Carrier manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers 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
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Under 120,000 m3
120,000–160,000 m3
Above 160,000 m3
Segment by Application
Government Organization
LNG Supplier
Other
Summary:
Get latest Market Research Reports on LNG Carrier. Industry analysis & Market Report on LNG Carrier is a syndicated market report, published as Global LNG Carrier Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of LNG Carrier market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.