November 08, 2019
According to the latest study titled ‘Global LNG Carrier Containment Market: Analysis By Carrier Type (Moss, Membrane), By Propulsion Type (Steam Reheat, ME-GI, DFDE, SSD, Steam, XDF, TFDE, Others), By Capacity (30,000-124,999cm, 125,000-149,999cm, 150,000-180,000cm, >180,000cm), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (Americas, Europe, APAC, ROW), By Country (United States, Bermuda, Greece, Norway, United Kingdom, China, Japan, Malaysia, South Korea, Qatar)’ available with Market Study Report LLC, the global LNG carrier containment market is estimated to grow substantially by the year 2024.
Liquefied natural gas (LNG) is free of impurities such as carbon and sulphur oxides. The LNG is usually cooled to low temperatures and is not pressurized much above the atmospheric pressure. Factors such as increasing fuel demand, growing manufacturing sectors, technological advancements, and rising economy are propelling the growth of LNG carrier containment market. Reduction in fuel prices, coupled with growing consumer preference for enhanced functionality are further aiding the market growth.
The study encompasses details about market size based on value, volume and number of fleets. It analyses the competitive landscape of LNG carrier containment market using SWOT analysis and Porter’s Five Force analysis methods. Information about the market dynamics which influence the market growth are also given in the report.
Based on carrier type, the LNG carrier containment market is segmented as membrane and moss. While based on propulsion type, the industry is divided into steam reheat, DFDE, ME-GI, steam, SSD, XDF, TFDE, and others. Speaking of capacity, the LNG carrier containment market is split into 30,000-124,999cm, 125,000-149,999cm, 150,000-180,000cm, and more than 180,000cm.
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Considering the geographical landscape, the global LNG carrier containment market is fragmented into four major regions, namely, Europe, Americas, APAC, and rest of the world. As per the report, APAC LNG carrier containment market is expected to grow with a CAGR of 2.30% through the predicted time period, owing to economic development and expansion of manufacturing sector in the region. Strict government regulations regarding the use of cleaner fuel will also contribute towards the regional growth.
Some of the vendors that operate in LNG carrier containment market are Gaztransport & Technigaz (GTT), Nakilat, Teekay LNG Partners L.P., Mitsui O.S.K Lines (MOL), Gaslog Ltd, NYK Line, Dynagas LNG Partners LP, MISC Berhad, Golar LNG, and BW Gas.
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