LNG Carrier Market Size (Value & Volume), Future Trends, Opportunities and Sales Channels, Forecast 2025

The report "LNG Carrier Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025" gives complete assessment of the latest trends, challenges of market.
The objectives of this study are as follows:

• To define, describe, and forecast the "LNG Carrier" market by type, application, component, delivery model, end user, and region
• To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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Global LNG Carrier Market: Introduction
Rising population across the globe has surged the demand for LNG as a source of fuel and, in turn, will propel the growth of the LNG carrier market. 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.
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.

Global LNG Carrier Market: Dynamics
Liquefied natural gas is widely recognized as a clean, safe and convenient form of energy. Attributing to ease of transportation and increased storage capacity, the liquefaction process has become increasingly diverse in recent years. Global consumption of LNG is expected to increase significantly during the forecast period, driven by regulations mandating emission reductions and increasing energy demands. Hence, the demand for production of LNG is expected to rise significantly, which will augment the LNG carrier market. Increasing marine pollution around the globe has led to the introduction of several stringent marine pollution regulations, which in turn are expected to positively impact the LNG carrier market over the forecast period.
LNG carriers have high installation costs as well as high operating costs, which restrains the growth of the LNG carrier market. Moreover, depressed crude oil prices have caused many Exploration and Production (E&P) companies to constraint their budgets, which is thereby restraining the growth of the global LNG carrier market. The relatively high price of LNG as compared to crude oil and coal is one of the key factors curbing growth of the global LNG carrier market.   
            
Global LNG Carrier Market: Segmentation
The global LNG carrier market can be segmented on the basis of containment type and storage capacity.
On the basis of containment type, the global LNG carrier market can be segmented into:
• Moss type (spherical storage tank)
• Membrane type
◦ GTT Technology
◦ 96 system (Gaz Transport system)
◦ Mark III system (Technigaz system)
On the basis of storage capacity, the global LNG carrier market can be segmented into:
• Under 120,000 cubic m
• 120,000 – 160,000 cubic m
• Above 160,000 cubic m

Global LNG Carrier Market: Regional Outlook
Asia Pacific dominates the global LNG carrier market and is expected retain its dominance during the forecast period, owing to the increase in demand in countries, such as, China, Japan, India and Pakistan. Japan is one of the largest importers of LNG across the globe. Moreover, the increasing demand for clean and green energy sources for power generation in most Asian countries is driving the LNG demand in the region. With the increasing offshore and onshore construction activities in the U.S., the LNG carrier market is expected to grow in the North American region. The European LNG Carrier market is also expected to grow with a steady rate during the forecast period, driven by the increasing exploration activity in the region.

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Global LNG Carrier Market: Market Participants
Examples of some of the market participants identified across the value chain of the global LNG market are:
• 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
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:
• Tailwinds and headwinds molding the market’s trajectory
• Market segments based on products, technology, and applications
• Prospects of each segment
• Overall current and possible future size of the market
• Growth pace of the market
• Competitive landscape and key players’ strategies
The main aim of the report is to:
• Enable key stakeholder’s in the market bet right on it
• Understand the opportunities and pitfalls awaiting them
• Assess the overall growth scope in the near term
• Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.

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