LNG Carrier Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The LNG carrier market is expected to grow at a CAGR of about 3% during the forecast period. An LNG (Liquid Natural Gas) carrier is a container designed for the transportation of liquefied natural gas in its tank. To facilitate transport, natural gas is cooled at atmospheric pressure to about -163° C (-261° C), at which time the gas condenses into liquid form. The tank of the LNG ship effectively acts as a giant thermos to ensure the liquid gas winding during storage. The carrier is equipped with an efficient steam turbine driven propulsion system propelled by a dual fuel diesel electric propulsion system. This will increase the efficiency of long vessels by about 30% compared to conventional vessels. LNG carriers are highly resistant to thermal and mechanical stress & stress. In addition, it is equipped with advanced gas and fire detection and suppression systems to detect even small leaks that can cause fatal fires in LNG vessels.

Company Profile

• Royal Dutch Shell plc,(Shell)
• Nippon Yusen Kabushiki Kaisha (NYK)
• Mitsui O.S.K. Lines, Ltd. (MOL)
• Misc Berhad (Misc)
• Teekay Corporation
• Mitsubishi Heavy Industries
• Kawasaki Heavy Industries
• Hyundai Heavy Industries Co.
• GasLog Ltd
• Dynagas Ltd

 

Market Segmentation

By Containment Type

• Moss Type
• Membrane Type

By Storage Capacity

• Under 120,000 cubic meter
• 120,000-160,000 cubic meter
• Above 160,000 cubic meter

 

Scope of the Report

The research study analyzes the LNG Carrier Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by LNG Carrier Market Report

1. What was the LNG Carrier Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of LNG Carrier Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the LNG Carrier Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.