Global LNG Carrier Containment Market to Grow by a CAGR of ~6% during 2022 – 2035

Research Nester published a report titled “LNG Carrier Containment Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global LNG carrier containment market in terms of market segmentation by capacity, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
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The global LNG carrier containment market is estimated to witness growth at a CAGR of ~6% over the forecast period, i.e., 2022 – 2035. The market is segmented on the basis of application into domestic transportation, international transportation, and others. Out of which, the international transportation segment is anticipated to hold the notable share over the forecast period on the back of the increasing need for import and export of natural gas amongst different countries. Moreover, the transportation through waterways is majorly international, which is further estimated to boost the segment growth.
The global LNG carrier containment market is anticipated to grow on the back of increasing production and transportation of liquefied natural gas globally. Basically, the sources of natural gas are concentrated in specific geographical areas, which raises the need for efficient transportation system to support import and export of natural gas. Moreover, it is easier to store and transport natural gas in liquefied form, instead of its gaseous state. Such factors are estimated to boost the market growth.
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On the basis of geographical analysis, the global LNG carrier containment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period, owing to the large reserves of natural gas in the region. Moreover, North America exports a significant amount of LNG globally. According to the data by the U.S. Energy Information Administration, United States exported 2,389.84 billion cubic feet LNG in 2020. Such factors are estimated to boost the regional market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Consumption of Natural Gas to Boost the Market Growth
As per the data by the IEA, 76,005,496 terajoule natural gas was consumed in 2019, globally.
Natural gas is being increasingly used for transportation, domestic fuel, and electricity generation, among others. LNG is also being used in vehicles as a replacement of petrol or diesel. This is why, the demand for natural gas is increasing amongst every sector, globally, which is expected to generate the need for LNG carrier containment for transportation. Moreover, natural gas is transported in liquefied form, when gas pipelines are not feasible, which is further estimated to propel the market growth.
However, the fluctuating prices of crude oil and depleting oil and gas reserves are expected to operate as key restraint to the growth of global LNG carrier containment market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global LNG carrier containment market which includes company profiling of Teekay Lng Partners, L.P., Hudong–Zhonghua Shipbuilding Corporation, Nippon Yusen Kabushiki Kaisha, Mitsui O.S.K. Lines, Kawasaki Heavy Industries Ltd., Dynagas LNG Partners LP., GasLog Ltd., Gaztransport & Technigaz SA, BW Group, and MISC Group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global LNG carrier containment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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