We have produced a new premium report LNG Carrier Market. The report covers the analysis of global as well as regional markets of LNG Carrier. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of LNG Carrier Market by Technology (Moss Type, Prism Type, and Membrane Type) through main geographies in the Global Market such as North America, Europe, Asia-Pacific and RoW. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the LNG Carrier Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global LNG Carrier Market are Samsung Heavy Industries, According to Exxon Mobil, the demand for natural gas which is essentially methane is expected to double by 2040, that is, more than for any other kind of fuel.
The surge in demand for natural gas is likely to have favourable impact on the midstream segment of oil and gas industry as the produced gas would be required to be shipped from production areas to the demand centers across the world. Gas carriers or what we call LNG vessels are of the prime choice while dealing with outbound gas transportation across oceans, and can (demand) experience strong tailwinds.
A huge wave of upcoming LNG projects across Oceania and North America will certainly augment the demand for LNG Carriers. Shale gas boom in the U.S. has completely upturned the natural gas supply scenario. The U.S. which used to be one of the largest buyers of super chilled fuel is now converting its re-gasification terminals into the exporting (Liquefaction) terminals. Four LNG export terminals namely Corpus Christi, Cameron LNG Terminal, Cove Point and Freeport with combined capacity of more than 6 Bcf/d are under construction and are expected to be online before 2021. Once completed, these projects will certainly boost the demand for LNG carriers. Similarly several LNG projects are expected to come online before 2020 in Australia, that will make country one of the largest LNG producer across the globe. It is to be noted that there is a direct and a close linkage between the demand for natural gas and LNG carriers. Thus any factor enhancing demand or production of natural gas is bound to augment the demand for gas carriers as well. Despite a multitude of positive factors restraints such as dwindling Chinese and European Economy (leads to less consumption of primary energy), restart of nuclear reactors in Japan (possible switch back to nuclear fuel for power generation) and regular cost overruns amid dwindling oil and gas prices leading to a delay in scheduled start date of LNG projects could dampen or delay the demand for LNG carriers.
Segmentation of the LNG carrier market can be done on the basis of capacity added per type of technology and geography. Prismatic Design, Moss Type and Membrane type are the major type of vessels used to transport LNG. Majority of the LNG Vessels are in between 4,400,000 to 4,800,000 cu ft. in capacity and contains facilities to maintain cryogenic temperatures for storage of natural gas. In this report the LNG carrier market is segmented by technology and further segmented by volume and revenue. By technology segmentation by volume and revenue covers moss type, prism type and membrane type.
The LNG carrier market covers analysis of regions such as North America, Europe, Asia-Pacific and RoW (including Latin America, Middle East and Africa). Among the geographies, EIA forecasts that natural gas is likely to become a vital cog of future primary energy demand and is expected to account for nearly 29% of total primary energy consumed in the U.S.
Samsung Heavy Industries,
Daewoo Shipbuilding & Marine Engineering Co., Ltd,
Hyundai Heavy Industries Co., Ltd.,
STX Offshore & Shipbuilding Co., Ltd.,
China State Shipbuilding Corporation
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, provides insights on the factors that are driving and restraining the demand globally as well as regionally. By using analytical tools such as Porter’s five forces analysis and value chain analysis of LNG carrier provides insights into the market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023.
Infinium Global Research- Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. We also have highlighted future trends in the LNG carrier that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
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