By Containment Type (Moss Type (Spherical Storage Tank), and Membrane Type (GTT Technology, 96 System, and Mark III System)), By Storage Capacity (Under 120,000 Cubic M, 120,000 – 160,000 Cubic M, and Above 160,000 Cubic M), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
Liquefied Natural Gas (LNG) is a colorless, clear, non-corrosive and non-toxic liquid, which is converted to liquid by cooling of natural gas at a cryogenic temperature of -162°C. The increase in demand for natural gas especially in developing nations is the primary factor driving growth of the global LNG carriers market. The demand for natural gas is growing rapidly, owing to rising policies to reduce air pollution by substituting coal with gas and to improve economic growth. According to data published by International Energy Agency in 2019, demand for natural gas has increased by 4.6% in 2018, accounting for nearly half of overall demand growth. In China, gas demand increased by almost 18%, as the country accelerated efforts to reduce local air pollution.
In addition, the industry and power sector contribute to the rising consumption of natural gas, due to its use as feedstock for chemicals. Moreover, rapidly increasing need for energy due to the growth in global population and industrial development in emerging economies. This is attributed to drive growth of the global LNG carrier market over the forecast period. Nevertheless, LNG carrier manufacturers are constantly involved in development and innovation in order to increase carrier capacity, save cost, and improve carrier design, thus creating lucrative growth opportunities for the global market.....READ MORE
The report expected to answer various target market related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for related market in the forecast period
- Analysis and outcome for the global LNG carrier market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Key players in the global LNG carrier market includes
- STX Offshore & Shipbuilding Co.,
- Ltd., Samsung Heavy Industries,
- Mitsui O.S.K. Lines, Ltd. (MOL),
- Mitsubishi Heavy Industries, Kawasaki Heavy Industries,
- Hyundai Heavy Industries Co., GasLog Ltd.,
- Dynagas Ltd.,
- Daewoo Shipbuilding and Marine Engineering (DSME),
- China State Shipbuilding Corporation,
- Royal Dutch Shell Plc.
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