Global LNG Carrier Market Size study, by Capacity, by Containment Type, By Application and Regional Forecasts 2022-2032

Description

List of Tables

Global LNG Carrier Market is valued at approximately USD 13.21 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.27% over the forecast period 2024-2032. An LNG (Liquefied Natural Gas) carrier is a specialized vessel designed for transporting liquefied natural gas. These ships utilize advanced cryogenic technology to store and transport LNG at temperatures as low as -162 degrees Celsius. LNG carriers play a crucial role in the global energy trade, facilitating the transportation of natural gas from production sites to consumption centers around the world. The membrane-type LNG carrier has gained widespread adoption due to its increased carrying capacity and associated benefits. Gaz transport and Techni Gaz (GTT) pioneered the design of the most prevalent membrane tank systems. Numerous GTT systems have been operational on LNG carriers for years, alongside alternative designs from various firms. This containment technology segment is projected to maintain dominance in the Global LNG Carrier Market for the foreseeable future.

Factors like versatile deployment capabilities, heightened efficiency, and rising global LNG consumption due to government regulations and demand from diverse end-user industries are anticipated to propel the market. Moreover, the Global LNG Carrier market includes a significant shift in the shipping industry's fuel mix, catalyzed by MARPOL regulations limiting sulfur emissions from ships. This regulation prompts operators to explore alternatives like LNG as a marine transport fuel, thus elevating the demand for LNG carriers. Additionally, the expanding LNG tanker fleet, propelled by technological advancements and increasing LNG trade, is expected to further stimulate the market. As of 2021, the global LNG tanker fleet comprised over 700 vessels. However, challenges persist, including the high manufacturing and accommodation costs of LNG carriers, the complexity and expense of constructing LNG pipelines due to the need for extensive insulation, inadequate supporting infrastructure, and prolonged delivery times. Conversely, the influx of new carrier fleets and regional shipping disparities has led to fluctuating charter rates. These factors necessitate strategic considerations for market players to navigate effectively.

The key regions considered for the global LNG Carrier market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, The Asia-Pacific region commands the LNG carrier market with dominating share, driven by escalating natural gas demand fueled by industrial expansion and the adoption of clean energy, notably led by China. China's vigorous emissions reduction strategy, particularly through coal-to-gas conversion, has propelled its LNG consumption by 15.0%, with significant increases in LNG imports observed in South Korea and Chinese Taipei. China's LNG imports surged by 16.8% in 2021, affirming its pivotal role in global LNG advancement. Furthermore, expanding consumption across diverse sectors such as manufacturing, petrochemicals, and fertilizers is poised to further propel market growth. Additionally, North America anticipates to register fastest growth during the forecasted period of 2022-2032.

Major market player included in this report are:

Royal Dutch Shell PLC
Nippon Yusen Kabushiki Kaisha
MISC Berhad
Mistui O.S.K. Lines Ltd.
Seapeak
Gaztransport & Technigaz S.A
Hudong-Zhonghua Shipbuilding Corporation
Teekay Lng Partners, L.P
GasLog Ltd.
BW Group

The detailed segments and sub-segment of the market are explained below:

By Capacity

30,000-125,000 cm
125,000-150,000 cm
150,000-175,000 cm
above 175,000cm

By Containment Type

Membrane
Moss

By Application

Domestic Transportation
International Transportation

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global LNG Carrier Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. Global LNG Carrier Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
- 2.3.1. By Capacity
- 2.3.2. By Containment Type
- 2.3.3. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

Chapter 3. Global LNG Carrier Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. Global LNG Carrier Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global LNG Carrier Market Size & Forecasts by Capacity 2022-2032

5.1. 30,000-125,000 cm
5.2. 125,000-150,000 cm
5.3. 150,000-175,000 cm
5.4. above 175,000cm

Chapter 6. Global LNG Carrier Market Size & Forecasts by Containment Type 2022-2032

6.1. Membrane
6.2. Moss

Chapter 7. Global LNG Carrier Market Size & Forecasts by Application 2022-2032

7.1. Domestic Transportation
7.2. International Transportation

Chapter 8. Global LNG Carrier Market Size & Forecasts by Region 2022-2032

8.1. North America LNG Carrier Market
- 8.1.1. U.S. LNG Carrier Market
  - 8.1.1.1. Capacity breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Containment Type breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Application breakdown size & forecasts, 2022-2032
- 8.1.2. Canada LNG Carrier Market
8.2. Europe LNG Carrier Market
- 8.2.1. U.K. LNG Carrier Market
- 8.2.2. Germany LNG Carrier Market
- 8.2.3. France LNG Carrier Market
- 8.2.4. Spain LNG Carrier Market
- 8.2.5. Italy LNG Carrier Market
- 8.2.6. Rest of Europe LNG Carrier Market
8.3. Asia-Pacific LNG Carrier Market
- 8.3.1. China LNG Carrier Market
- 8.3.2. India LNG Carrier Market
- 8.3.3. Japan LNG Carrier Market
- 8.3.4. Australia LNG Carrier Market
- 8.3.5. South Korea LNG Carrier Market
- 8.3.6. Rest of Asia Pacific LNG Carrier Market
8.4. Latin America LNG Carrier Market
- 8.4.1. Brazil LNG Carrier Market
- 8.4.2. Mexico LNG Carrier Market
- 8.4.3. Rest of Latin America LNG Carrier Market
8.5. Middle East & Africa LNG Carrier Market
- 8.5.1. Saudi Arabia LNG Carrier Market
- 8.5.2. South Africa LNG Carrier Market
- 8.5.3. Rest of Middle East & Africa LNG Carrier Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Royal Dutch Shell PLC
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Nippon Yusen Kabushiki Kaisha
- 9.3.3. MISC Berhad
- 9.3.4. Mistui O.S.K. Lines Ltd.
- 9.3.5. Seapeak
- 9.3.6. Gaztransport & Technigaz S.A
- 9.3.7. Hudong-Zhonghua Shipbuilding Corporation
- 9.3.8. Teekay Lng Partners, L.P
- 9.3.9. GasLog Ltd.
- 9.3.10. BW Group

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global LNG Carrier market, report scope
TABLE 2. Global LNG Carrier market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global LNG Carrier market estimates & forecasts by Capacity 2022-2032 (USD Billion)
TABLE 4. Global LNG Carrier market estimates & forecasts by Containment Type 2022-2032 (USD Billion)
TABLE 5. Global LNG Carrier market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 6. Global LNG Carrier market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global LNG Carrier market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global LNG Carrier market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global LNG Carrier market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global LNG Carrier market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global LNG Carrier market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global LNG Carrier market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global LNG Carrier market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global LNG Carrier market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Global LNG Carrier market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. U.S. LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. U.S. LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. Canada LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 20. Canada LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. Canada LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. UK LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 23. UK LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. UK LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. Germany LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 26. Germany LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. Germany LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. France LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 29. France LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. France LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31. Italy LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 32. Italy LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Italy LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. Spain LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 35. Spain LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. Spain LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 37. RoE LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 38. RoE LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. RoE LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 40. China LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 41. China LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. China LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 43. India LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 44. India LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. India LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 46. Japan LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 47. Japan LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Japan LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 49. Australia LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 50. Australia LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. Australia LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 52. South Korea LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 53. South Korea LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54. South Korea LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 55.
TABLE 56. RoAPAC LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 57. RoAPAC LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58. RoAPAC LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 59. Brazil LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 60. Brazil LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Brazil LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 62. Mexico LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 63. Mexico LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. Mexico LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 65. RoLA LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 66. RoLA LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. RoLA LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. Saudi Arabia LNG Carrier market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 71. South Africa LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 72.
TABLE 73. South Africa LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. South Africa LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. RoMEA LNG Carrier market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 78. List of secondary sources, used in the study of Global LNG Carrier Market.
TABLE 79. List of primary sources, used in the study of Global LNG Carrier Market.
TABLE 80. Years considered for the study.
TABLE 81. Exchange rates considered

LIST OF FIGURES

FIG 1. Global LNG Carrier market, research methodology
FIG 2. Global LNG Carrier market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global LNG Carrier market, key trends 2023
FIG 5. Global LNG Carrier market, growth prospects 2022-2032
FIG 6. Global LNG Carrier market, porters 5 force model
FIG 7. Global LNG Carrier market, pestel analysis
FIG 8. Global LNG Carrier market, value chain analysis
FIG 9. Global LNG Carrier market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global LNG Carrier market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global LNG Carrier market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global LNG Carrier market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global LNG Carrier market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global LNG Carrier market, regional snapshot 2022 & 2032
FIG 15. North America LNG Carrier market 2022 & 2032 (USD Billion)
FIG 16. Europe LNG Carrier market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific LNG Carrier market 2022 & 2032 (USD Billion)
FIG 18. Latin America LNG Carrier market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa LNG Carrier market 2022 & 2032 (USD Billion)
FIG 20. Global LNG Carrier market, company market share analysis (2023)