C-Type LNG Carrier Market Competitor Analysis Winning Strategies and Growth Drivers 2028

The "C-type LNG Carrier Market" size was valued at US$ 6,469.02 million by 2028 from US$ 3,920.84 million in 2021. It is expected to grow at a CAGR of 7.5% during 2022-2028.

C-Type LNG carriers are widely adopted in the oil & gas industry. Refined natural gas, such as methane, is transported by pipeline to population centers for industrial, commercial, and residential use, which is first processed at oil and gas facilities for refinement. Further, the rising demand for oil and gas has led to deeper drilling, with many drilling rigs located further offshore, which has increased the need for LNG carriers for storage. LNG shipping to different locations is done through pipelines, oil tankers, railroads, etc. Pipelines play a crucial role in transportation as a larger amount of the oil moves through pipelines for at least some part of the route.

Get a Sample PDF of report @: https://www.premiummarketinsights.com/sample/TIP00073662?utm_source=OpenPr&utm_medium=10688

Companies Profiled in this report includes:

• China Shipbuilding Trading Co., Ltd
• DSME Co., Ltd
• GAS Entec
• Gaslog Ltd
• HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD.
• Knutsen OAS Shipping
• Komarine Co
• Mitsubishi Heavy Industries, Ltd.
• TGE Marine Gas Engineering GmbH

In addition, the agreement between the US and the European Union (EU) on the additional supply of liquefied natural gas (LNG) will contribute to the global market. Under the deal, Europe will receive at least 15 billion cubic meters of additional LNG shipments by 2022. In addition, the US Commission is working with EU countries to ship 50 billion cubic meters of additional materials by 2030. Hence, inter-regional trade is on the rise, which is expected to provide lucrative opportunities for C-Type LNG carrier market vendors over the forecast period. Further, government authorities across the globe are continuously focusing on increasing private sector participation as a part of their strategy to manage their country's petroleum resources. For example, the Ministry of Petroleum and Natural Gas, India, and the Government of Trinidad and Tobago have taken initiatives to monetize their petroleum resources. The petrochemical sector makes substantial use of LNG pressure carriers or vessels, reactors, and heat exchangers to transform petroleum and other fossil fuels into chemical products such as ethylene and propylene.

Get Full Reports here @: https://www.premiummarketinsights.com/reports-tip/c-type-lng-carrier-market

C-Type LNG Carrier Market Segmentation:

By Product Type:
• Cylindrical
• Bi-lobe Shaped Tanks
• Tri-lobe Shaped Tanks

By Application:
• Marine
• Oil and Gas
• Petrochemical

The growing demand for C-Type LNG carriers from the rapidly expanding economies of Asia Pacific is expected to be a key driving force in producing momentum for a worldwide economic recovery from the effects of the COVID-19 pandemic. Along with China, India is expected to lead Asia's LNG regasification capacity additions in the next few years, accounting for 60.0% of the region's total between 2020 and 2024. As economies started to reopen after the restrictions related to COVID-19 were eased, the LNG demand in the Asia market may return to the 2018 level. In addition, shipyards in China and South Korea could not accommodate the demand for new LNG vessels as they worked to meet a flood of orders for new container ships following global supply chain disruptions and port congestions that held up ships in the US and China during the pandemic.

Buy this report @: https://www.premiummarketinsights.com/buy/TIP00073662?utm_source=OpenPr&utm_medium=10688

The overall C-Type LNG carrier market analysis has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the C-Type LNG carrier market. The process also serves the purpose of obtaining overview and forecast of the C-Type LNG carrier market size with respect to all market segments. Also, industry participants and commentators have conducted multiple primary interviews to validate the data and gain more analytical insights. The participants typically involved in the C-Type LNG carrier market study include VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the C-Type LNG carrier market.

Contact Us:

If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:

Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.