Growing Demand for Propelling the LNG Carrier Market: Product Intelligence Market 2023

21 Jul

Growing Demand for Propelling the LNG Carrier Market: Product Intelligence Market 2023

  • By admin

  • January, 1970

Infinium Global Research has undertaken a new report on Global  LNG Carriers Market: Trends Analysis and Forecast to 2023  The report presents analysis global as well as regional markets of Agriculture drones over the period of 2015 to 2023 Moreover, the IGR-Growth Matrix given in the report provides key focus areas and investment areas the market players can focus on. The market size is presented in terms of value for the historic year 2015 and estimated for forecast period of 2017 to 2023.

Get 15% discount for early purchase of “Global LNG Carriers Market by region (North America, Europe, Asia Pacific, Latin America and RoW)” report on

Declining prices of natural gas means we could witness a three way battle between coal, crude and natural gas over becoming the choice of primary fuel. Although, not as cheap as coal and crude oil, the natural gas is a clean fuel and fits the global consensus of reducing the global carbon footprint. 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.  Moreover, 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. The surge in demand for natural gas is likely to have favorable 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.

Major players in global LNG carriers market include companies such as Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co., Ltd, Hyundai Heavy Industries Co., Ltd., STX Offshore & Shipbuilding Co., Ltd., China State Shipbuilding Corporation and others.

Reasons to buy this report

  • Comprehensive analysis of global as well as regional markets of LNG carrier
  • Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2023.
  • Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
  • Infinium Global Research- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.