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LNG Carriers Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 136
  • SKU: IRTNTR72920
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The LNG carriers market share is expected to increase by USD 3.16 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.43%.

This LNG carriers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers LNG carriers market segmentations by type (membrane and moss) and geography (North America, Middle East and Africa, Europe, APAC, and South America). The LNG carriers market report also offers information on several market vendors, including BW Group, DSME Co. Ltd., Flex LNG Ltd., GasLog Ltd, Gaztransport and Technigaz SA, Golar LNG Ltd., Hudong-Zhonghua Shipbuilding Co. Ltd., IMABARI SHIPBUILDING CO. LTD., Japan Marine United Corp., K Shipbuilding Co. Ltd, Kawasaki Heavy Industries Ltd., Maran Gas Maritime Inc., Mitsubishi Heavy Industries Ltd., Mitsui E&S Holdings Co. Ltd., Nakilat, Petroliam Nasional Berhad, Samsung Heavy Industries Co. Ltd., Shell plc, Teekay LNG Partners L.P, and Wartsila Corp. among others.

What will the LNG Carriers Market Size be During the Forecast Period?

LNG Carriers Market Size

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LNG Carriers Market: Key Drivers, Trends, and Challenges

The increase in demand for natural gas is notably driving the LNG carriers market growth, although factors such as fluctuation in oil gas prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the LNG carriers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key LNG Carriers Market Driver

The increase in demand for natural gas is one of the key drivers supporting the LNG carriers market growth. LNG is gaining popularity over CNG due to its energy density. It ensures traveling long distances and enables increased storage of natural gas in fuel tanks, which is an advantage for vehicles with increased horsepower. As a result, in 2013, a project called LNG Blue Corridors was launched in Europe to establish a network of LNG fuel stations. Hence, more than 100 LNG stations were operational by mid-2017. Hence, the popularity of natural gas in the industrial and transportation sector is likely to boost the demand for natural gas in the world, which will increase the need for transporting natural gas. Since transportation of natural gas in the form of LNG is efficient and common, it will positively boost the growth of the global LNG carriers market during the forecast period.

Key LNG Carriers Market Trend

An increase in demand for cleaner fuels is one of the key LNG carriers market trends that is contributing to the market growth. Moreover, the environmental benefits of natural gas are resulting in the increase in the use of natural gas instead of coal in various applications, which led to the improvement of urban air quality in China because coal-fired power plants were replaced with gas-fired power plants. Hence, carbon emissions have been reduced significantly. According to the US EIA, natural gas-fired power plants accounted for 32% of the total production of electricity in the US in 2017, which is further expected to increase. Thus, the demand for natural gas is expected to increase during the forecast period due to the demand for clean fuels, thus positively impacting the growth of the global LNG carriers market.

Key LNG Carriers Market Challenge

Fluctuation in oil gas prices is one of the factors hindering the LNG carriers market growth. Natural gas is a popular choice, particularly in the transportation, power, and industrial sectors due to its economic benefits over other fuels like gasoline and diesel. However, as diesel and gasoline can be substitutes for natural gas, the consistently declining prices of diesel and gasoline make it difficult for end-users to switch to alternative fuels like natural gas, thereby adversely impacting investments in natural gas infrastructure. Since oil and gas are primarily traded in the international market, an impact on the prices of crude oil and gas imports affects the profitability of the companies involved. Hence, such fluctuations in the prices of crude oil affect the production and use of natural gas, which is likely to pose a challenge to the growth of the global LNG carriers market during the forecast period.

This LNG carriers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global LNG carriers market as a part of the global oil field equipment and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the LNG carriers market during the forecast period.

Who are the Major LNG Carriers Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • BW Group
  • DSME Co. Ltd.
  • Flex LNG Ltd.
  • GasLog Ltd
  • Gaztransport and Technigaz SA
  • Golar LNG Ltd.
  • Hudong-Zhonghua Shipbuilding Co. Ltd.
  • IMABARI SHIPBUILDING CO. LTD.
  • Japan Marine United Corp.
  • K Shipbuilding Co. Ltd
  • Kawasaki Heavy Industries Ltd.
  • Maran Gas Maritime Inc.
  • Mitsubishi Heavy Industries Ltd.
  • Mitsui E&S Holdings Co. Ltd.
  • Nakilat
  • Petroliam Nasional Berhad
  • Samsung Heavy Industries Co. Ltd.
  • Shell plc
  • Teekay LNG Partners L.P
  • Wartsila Corp.

 

This statistical study of the LNG carriers market encompasses successful business strategies deployed by the key vendors. The LNG carriers market is fragmented and the vendors are deploying growth strategies such as cost, quality, reliability, and aftermarket service to compete in the market.

Product Insights and News

  • Bw-group.com - The company offers LNG carriers that includes floating solutions for LNG such as BW LNG, BW LPG, BW Epic Kosan, BW Offshore, BW Energy, BW Dry Cargo.
  • Dsme.co.kr - The company offers LNG carriers that is used in FLNG, FPSO, FPU, fixed platform, onshore modules, drilling rigs and drillships, floating power plant, OSV.
  • Flexlng.com - The company offers LNG carriers that includes flex endeavor, flex enterprise, flex ranger, flex rainbow, flex constellation, flex courageous.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The LNG carriers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

LNG Carriers Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the LNG carriers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for LNG Carriers Market?

LNG Carriers Market Market segmentation by region

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31% of the market's growth will originate from North America during the forecast period. The US and Bermuda are the key markets for LNG carriers market in North America. Market growth in this region will be slower than the growth of the market in South America.

The increase in LNG trade will facilitate the LNG carriers market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Countries in North America were severely affected by the COVID-19 pandemic in 2020, which adversely affected the regional market. However, owing to the lifting of lockdown and travel restrictions, manufacturing units have slowly started returning back to normal, including import and export activities done by ships, with COVID-19-appropriate behavior in place. Such factors will increase the demand for LNG carriers in this region, which will drive the growth of the regional market during the forecast period.

What are the Revenue-generating Type Segments in the LNG Carriers Market?

LNG Carriers Market Segmentation

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The LNG carriers market share growth by the membrane segment will be significant during the forecast period. Membrane containment systems consist of insulated cargo tanks enclosed within an inner hull and are placed in-line from forward to aft. Spaces between the inner hull and the outer hull are used for ballast and to protect tanks during emergency situations like collision or grounding. The membrane-type LNG carriers have increased visibility when compared with the moss-type containments that have protrusions that affect visibility. Moreover, membrane containment systems have a higher carrying capacity than that of moss-type containments. Such factors of membrane containment systems will drive market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the LNG carriers market size and actionable market insights on post COVID-19 impact on each segment.

 

LNG Carriers Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.43%

Market growth 2022-2026

$ 3.16 billion

Market structure

Fragmented

YoY growth (%)

4.06

Regional analysis

North America, Middle East and Africa, Europe, APAC, and South America

Performing market contribution

North America at 31%

Key consumer countries

Qatar, Japan, Malaysia, UK, and Greece

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BW Group, DSME Co. Ltd., Flex LNG Ltd., GasLog Ltd, Gaztransport and Technigaz SA, Golar LNG Ltd., Hudong-Zhonghua Shipbuilding Co. Ltd., IMABARI SHIPBUILDING CO. LTD., Japan Marine United Corp., K Shipbuilding Co. Ltd, Kawasaki Heavy Industries Ltd., Maran Gas Maritime Inc., Mitsubishi Heavy Industries Ltd., Mitsui E&S Holdings Co. Ltd., Nakilat, Petroliam Nasional Berhad, Samsung Heavy Industries Co. Ltd., Shell plc, Teekay LNG Partners L.P, and Wartsila Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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What are the Key Data Covered in this LNG Carriers Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive LNG carriers market growth during the next five years
  • Precise estimation of the LNG carriers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the LNG carriers industry across North America, Middle East and Africa, Europe, APAC, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of LNG carriers market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

  • 5.1 Market segments
    • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
  • 5.2 Comparison by Type
    • Exhibit 26: Chart on Comparison by Type
    • Exhibit 27: Data Table on Comparison by Type
  • 5.3 Membrane - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Membrane - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 29: Data Table on Membrane - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 30: Chart on Membrane - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Membrane - Year-over-year growth 2021-2026 (%)
  • 5.4 Moss - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Moss - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 33: Data Table on Moss - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 34: Chart on Moss - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Moss - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Type
    • Exhibit 36: Market opportunity by Type ($ billion)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 47: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 48: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 APAC - Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 UK - Market size and forecast 2021-2026
    • Exhibit 62: Chart on UK - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 63: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 64: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.9 Japan - Market size and forecast 2021-2026
    • Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.10 Qatar - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Qatar - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 71: Data Table on Qatar - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 72: Chart on Qatar - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Qatar - Year-over-year growth 2021-2026 (%)
  • 7.11 Greece - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Greece - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 75: Data Table on Greece - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 76: Chart on Greece - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Greece - Year-over-year growth 2021-2026 (%)
  • 7.12 Malaysia - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Malaysia - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 79: Data Table on Malaysia - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 80: Chart on Malaysia - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Malaysia - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 BW Group
    • Exhibit 89: BW Group - Overview
    • Exhibit 90: BW Group - Product / Service
    • Exhibit 91: BW Group - Key offerings
  • 10.4 DSME Co. Ltd.
    • Exhibit 92: DSME Co. Ltd. - Overview
    • Exhibit 93: DSME Co. Ltd. - Business segments
    • Exhibit 94: DSME Co. Ltd. - Key offerings
    • Exhibit 95: DSME Co. Ltd. - Segment focus
  • 10.5 Flex LNG Ltd.
    • Exhibit 96: Flex LNG Ltd. - Overview
    • Exhibit 97: Flex LNG Ltd. - Product / Service
    • Exhibit 98: Flex LNG Ltd. - Key offerings
  • 10.6 GasLog Ltd
    • Exhibit 99: GasLog Ltd - Overview
    • Exhibit 100: GasLog Ltd - Product / Service
    • Exhibit 101: GasLog Ltd - Key offerings
  • 10.7 Gaztransport and Technigaz SA
    • Exhibit 102: Gaztransport and Technigaz SA - Overview
    • Exhibit 103: Gaztransport and Technigaz SA - Business segments
    • Exhibit 104: Gaztransport and Technigaz SA - Key offerings
    • Exhibit 105: Gaztransport and Technigaz SA - Segment focus
  • 10.8 Kawasaki Heavy Industries Ltd.
    • Exhibit 106: Kawasaki Heavy Industries Ltd. - Overview
    • Exhibit 107: Kawasaki Heavy Industries Ltd. - Business segments
    • Exhibit 108: Kawasaki Heavy Industries Ltd. - Key news
    • Exhibit 109: Kawasaki Heavy Industries Ltd. - Key offerings
    • Exhibit 110: Kawasaki Heavy Industries Ltd. - Segment focus
  • 10.9 Mitsubishi Heavy Industries Ltd.
    • Exhibit 111: Mitsubishi Heavy Industries Ltd. - Overview
    • Exhibit 112: Mitsubishi Heavy Industries Ltd. - Business segments
    • Exhibit 113: Mitsubishi Heavy Industries Ltd. - Key news
    • Exhibit 114: Mitsubishi Heavy Industries Ltd. - Key offerings
    • Exhibit 115: Mitsubishi Heavy Industries Ltd. - Segment focus
  • 10.10 Nakilat
    • Exhibit 116: Nakilat - Overview
    • Exhibit 117: Nakilat - Business segments
    • Exhibit 118: Nakilat - Key offerings
    • Exhibit 119: Nakilat - Segment focus
  • 10.11 Samsung Heavy Industries Co. Ltd.
    • Exhibit 120: Samsung Heavy Industries Co. Ltd. - Overview
    • Exhibit 121: Samsung Heavy Industries Co. Ltd. - Business segments
    • Exhibit 122: Samsung Heavy Industries Co. Ltd. - Key offerings
    • Exhibit 123: Samsung Heavy Industries Co. Ltd. - Segment focus
  • 10.12 Teekay LNG Partners L.P
    • Exhibit 124: Teekay LNG Partners L.P - Overview
    • Exhibit 125: Teekay LNG Partners L.P - Business segments
    • Exhibit 126: Teekay LNG Partners L.P - Key offerings
    • Exhibit 127: Teekay LNG Partners L.P - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 128: Inclusions checklist
    • Exhibit 129: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 130: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 131: Research methodology
    • Exhibit 132: Validation techniques employed for market sizing
    • Exhibit 133: Information sources
  • 11.5 List of abbreviations
    • Exhibit 134: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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LNG Carriers Market market growth will increase by $3.16 bn during 2022-2026.
The lng carriers market market is expected to grow at a CAGR of 4.43% during 2022-2026.
Technavio has segmented the lng carriers market market by type (Membrane and Moss) and geography (North America, Middle East and Africa, Europe, APAC, and South America).
BW Group, DSME Co. Ltd., Flex LNG Ltd., GasLog Ltd, Gaztransport and Technigaz SA, Golar LNG Ltd., Hudong-Zhonghua Shipbuilding Co. Ltd., IMABARI SHIPBUILDING CO. LTD., Japan Marine United Corp., K Shipbuilding Co. Ltd, Kawasaki Heavy Industries Ltd., Maran Gas Maritime Inc., Mitsubishi Heavy Industries Ltd., Mitsui E&S Holdings Co. Ltd., Nakilat, Petroliam Nasional Berhad, Samsung Heavy Industries Co. Ltd., Shell plc, Teekay LNG Partners L.P, Wartsila Corp. are a few of the key vendors in the lng carriers market market.
North America will register the highest growth rate of 31% among the other regions. Therefore, the lng carriers market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the lng carriers market market growth are:
  • increase in demand for natural gas
  • Increase in demand for cleaner fuels
The lng carriers market market vendors should focus on grabbing business opportunities from the membrane segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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