Liquefied Natural Gas Carrier Industry Size, Growth, Demand, Opportunities and Forecast By 2028


Data Bridge Market Research analyses that the liquefied natural gas (LNG) carrier market will witness a CAGR of 6.50% for the forecast period of 2021-2028. Increasing demand of natural gases by industrial, commercial and residential sectors especially in the developing economies, growing use of liquefied natural gas (LNG) carrier for a wide range of end use applications such as transport, defense and others and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the liquefied natural gas (LNG) carrier market. Therefore, the market value would rise up to USD 16,549.96 million by 2028.

From the name itself, it is clear that liquefied natural gas (LNG) carriers are the tank ships that are used to transport liquefied natural gas (LNG) at cryogenic temperature of −161°C. These carriers are equipped with efficient propulsion systems which in turn increases the efficiency of carriers.


The major players covered in the liquefied natural gas (LNG) carrier market report are Shell group of companies, NYK Line., Mitsui O.S.K.Lines, MISC Berhad, Teekay Corporation, STX Offshore & Shipbuilding Co., Ltd., Samsung Heavy Industries Co., Ltd., Hyundai Heavy Industries Co., Ltd., HYUNDAI MIPO DOCKYARD., IMABARI SHIPBUILDING CO., LTD., HANJIN HEAVY INDUSTRIES & CONSTRUCTION HOLDINGS CO., LTD., HYUNDAI SAMHO HEAVY INDUSTRIES CO.,LTD., MITSUBISHI HEAVY INDUSTRIES, LTD., Kawasaki Heavy Industries, Ltd., GasLog Ltd., Dynagas., China State Shipbuilding Corporation Limited, Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., MARAN GAS MARITIME INC., Japan Marine United Corporation and Teekay Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Global Liquefied Natural Gas (LNG) Carrier Market Scope and Market Size:

  • On the basis of containment type, the liquefied natural gas (LNG) carrier market is segmented into moss type and membrane type. Membrane type segment is sub-segmented into GTT Technology, 96 system (gaz transport system) and mark III system (technigaz system).
  • On the basis of storage capacity, the liquefied natural gas (LNG) carrier market is segmented into under 120,000 cubic meter, 120,000-160,000 cubic meter and above 160,000 cubic meter.
  • On the basis of propulsion type, the liquefied natural gas (LNG) carrier market is segmented into steam turbines, dual fuel diesel engine/tri-fuel diesel engine (DFDE/TFDE), slow-speed diesel (SSD), m-type electronically controlled gas injection (ME-GI), XDF- two stroke engine and steam re-heat and stage.
  • On the basis of end user industry, the liquefied natural gas (LNG) carrier market is segmented into transport, defense and others.


Liquefied Natural Gas (LNG) Carrier Market Country Level Analysis

The liquefied natural gas (LNG) carrier market is analysed and market size, volume information is provided by country, containment type, storage capacity, propulsion type and end user industry as referenced above.

The countries covered in the liquefied natural gas (LNG) carrier market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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