Global LNG Carrier Market Growth 2024-2030

Global LNG Carrier Market Growth 2024-2030

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.

The global LNG Carrier market size is projected to grow from US$ 11670 million in 2023 to US$ 15620 million in 2030; it is expected to grow at a CAGR of 4.3% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “LNG Carrier Industry Forecast” looks at past sales and reviews total world LNG Carrier sales in 2023, providing a comprehensive analysis by region and market sector of projected LNG Carrier sales for 2024 through 2030. With LNG Carrier sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LNG Carrier industry.

This Insight Report provides a comprehensive analysis of the global LNG Carrier landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LNG Carrier portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global LNG Carrier market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LNG Carrier and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LNG Carrier.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of LNG Carrier market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Under 120,000 m3
120,000–160,000 m3
Above 160,000 m3

Segmentation by application
Government Organization
LNG Supplier
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global LNG Carrier market?

What factors are driving LNG Carrier market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do LNG Carrier market opportunities vary by end market size?

How does LNG Carrier break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.