LNG ISO Tank Container 2019 Global Key Players – Chart Industries, Cryeng Group, Air Water Plant & Engineering, Uralcryomash.....
Wiseguyreports.Com Adds “LNG ISO Tank Container– Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2025” To Its Research Database.
The market research report suggests that the growing demand for intermodal freight transportation is expected to positively influence the growth of the global LNG tank container market. Besides, substantial investment in intermodal facilities, including container yards, cargo terminals, depots to offer various options for shippers, drive the growth of this market. In general, intermodal freight provides a lot of advantages, which boosts the demand for it. On the other side, such products also help oil and gas companies for transportation.
All these factors will propel the market toward an impressive growth in the future. One of the significant trends which will get traction in this market is the reduction of expenses by employing large and secure vessels to transport goods. The large-sized LNG container can easily carry more LNG. On the other side, the integration of advanced technology in this sector has brought various advantages which will help in generating more revenue. So, during the forecast period, i.e., from 2019 to 2025, the global LNG ISO Tank Container market value will increase at a decent CAGR.
As per the study, in the coming years, the global LNG ISO Tank Container market will witness a Compound Annual Growth Rate of 8.3 percent. In the year 2019, the global market size was $ 140 million. However, looking at the increasing LNG project across the world, the market is expected to reach USD140 million by the end of 2025. This market research report includes the market share of major companies in this business, the growth opportunities of the market, and more.
The major manufacturers covered in this report:-
Air Water Plant & Engineering
Corban Energy Group
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Market Segmentation of The Container: –
The Global LNG ISO Tank Container market is divided by product type, end-users or applications, and regions. On the basis of product type, it is split into < 25 ft, 25-40 ft, and > 40 ft. The experts have suggested that the 25 to 40 ft product segment will capture a considerable market share during the forecast period. Now, based on end-users or applications, the product is divided into land transportation and marine transportation. It is expected that the marine transportation segment will be accounted for the maximum shares in the global market. The growing LNG projects will also propel the demand for this.
Geographical Market Segmentation of This Container: –
Geographically, the report includes a detailed analysis of top consumers and producers, focuses on market growth and share opportunities in major regions. The report covers Asia Pacific, North America, South America, Europe, the Middle East, and Others. Besides, it also includes country-level market reports. The key countries which included in this market report are United States, Canada, China, Japan, India, Mexico, South Korea, Indonesia, Australia, Singapore, Europe, Italy, UK, France, Germany, Spain, Russia, Central & South America, Brazil, Saudi Arabia, Turkey, Argentina and others. As per the report, the Asia Pacific region will witness maximum share during the forecasting period as it houses some major LNG ISO Tank Container manufacturers.
CIMC ENRIC launched its new ship tank container, which is the perfect match for LNG transportation. The vessels can transport a large quantity of surplus natural gas through ships from south to north. The company is now acquiring new manufacturing technology to come up with new containers for LNG transportation.
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