|Market Size in 2018||Market Forecast in 2025||CAGR (in %)||Base Year|
|USD 11.21 Billion||USD 15.56 Billion||4.9%||2018|
LNG Carrier Containment Market
The global LNG Carrier Containment Market size was evaluated at $11.21 billion in 2018 and is slated to hit $15.56 billion by the end of 2025 with a CAGR of nearly 4.9% between 2019 and 2025.
The report covers a forecast and an analysis of the LNG carrier containment market on a global and regional level. The study provides historical information from 2016 to 2018 along with a forecast from 2019 to 2025 based on both volume (K Units) and revenue (USD Billion). The study covers the key drivers and restraints of the global LNG carrier containment market and provides their market impact over the forecast period. Furthermore, the study also includes the analysis of opportunities available in the global LNG carrier containment market on a global level.Request Free Sample
In order to offer a comprehensive view of the global LNG carrier containment market, we have included a detailed value chain analysis. To understand the competitive landscape within the market, an analysis of Porter’s Five Forces model for the global LNG carrier containment market has additionally been included. The study includes a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study also includes the market share of the key participants operating in the global LNG carrier containment market. Moreover, the report covers the strategic development in the market along with acquisitions & mergers, agreements partnerships, collaborations & joint ventures, and regional growth of key market players on a global basis.
|Report Attributes||Report Details|
|Report Name||LNG Carrier Containment Market Research Report|
|Market Size in 2018||USD 11.21 Billion|
|Market Forecast in 2025||USD 15.56 Billion|
|Growth Rate||CAGR of 4.9%|
|Number of Pages||255|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||Gaztransport & Technigaz, Mitsui O.S.K Lines, Teekay LNG Partners, NYK Line, Gaslog, MISC Berhad, Dynagas LNG Partners, BW Gas, Samsung Heavy Industries, Hudong-Zhonghua Shipbuilding, and Kawasaki Heavy Industries.|
|Segments Covered||By Carrier Type, By Propulsion Type, By Capacity, By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)|
|Historical Year||2016 to 2018|
|Forecast Year||2019 - 2026|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
The increased demand for natural gas from a variety of industries, as well as the increasing number of residential and commercial applications of LNG, are the primary factors driving the market for LNG carrier containment. In addition, during the course of the recent past, there has been a meteoric rise in the demand for LNG as a fuel for automobiles. This has contributed to the strengthening of supportive government rules for cleaner fuel, which aim to minimize reliance on petroleum fuels.
The market for LNG carrier containment has benefited from technological developments that have been implemented for the purpose of making the liquefaction of natural gas more cost-effective and safe, as well as the transportation of LNG. However, the inconsistency of natural gas prices, the absence of infrastructure supportive of the liquefaction of natural gas, and the length of time needed for supply and acceptance of LNG in developing nations are all factors that could limit the market growth.
The study provides a crucial view of the global LNG carrier containment market by segmenting it based on carrier type, propulsion type, capacity, and region. The regional segment includes North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Some major players in the LNG carrier containment market are
Global LNG Carrier Containment Market: Carrier Type Analysis
Global LNG Carrier Containment Market: Propulsion Type Analysis
Global LNG Carrier Containment Market: Capacity Analysis
Global LNG Carrier Containment Market: Regional Analysis
The term "LNG carrier containment" refers to the specific design and technology utilized to ensure the secure transportation of liquefied natural gas (LNG) over great distances by water. Because of the low temperature at which LNG is kept in order to keep it in its liquid condition, which is roughly -160 degrees Celsius (-260 degrees Fahrenheit), it is essential to ensure that sufficient containment is maintained in order to prevent any leaks or mishaps that may occur while it is being transported.
The LNG carrier containment market is majorly driven by the rising demand for natural gas from various industries and LNG’s growing number of residential and commercial applications.
According to the report, the global LNG carrier containment market was USD 11.21 billion in 2018 and is expected to reach around USD 15.56 billion by 2025, growing at a CAGR of 4.9% between 2019 and 2025.
The Asia Pacific region held the largest share of the LNG carrier containment market globally in 2018. Moreover, the region is expected to witness the fastest CAGR over the forecast time period.
Some major players of the LNG carrier containment market are Gaztransport & Technigaz, Mitsui O.S.K Lines, Teekay LNG Partners, NYK Line, Gaslog, MISC Berhad, Dynagas LNG Partners, BW Gas, Samsung Heavy Industries, Hudong-Zhonghua Shipbuilding, and Kawasaki Heavy Industries.