Ontario, CA -- (SBWIRE) -- 04/14/2020 -- The global LNG tanker market will grow steadily during the forecast period and in terms of trade volume, the market will post a CAGR of almost 12% by 2020. The significant increase in the marine pollution has resulted in the increase in the focus of countries around the globe on marine environment protection and attempt to revive the marine ecosystem. Several countries have introduced stringent marine pollution regulations, which is considered to be one of the major factors that will have a positive impact on the growth of the LNG storage tank market. Crude or refined oil is one of the most culpable of all marine pollutants and affects the marine life in several ways. Additionally, several organizations hold the shipping industry responsible for several other forms of pollution that include sewage disposal and the emission of nitrous and sulfurous oxides by the burning of diesel/gas. The use of the natural gas as LNG does present several environmentally detrimental factors and will soon be the most sought after alternative fuel by the shipping industry. This estimated increase in demand will drive the demand for liquefied natural gas tankers.

The global LNG Tanker Market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.

Conventional LNG tankers are equipped with a reliable and moderately efficient steam turbine-driven propulsion system. GDF SUEZ Global Energy and Provalys vessels are propelled by a dual-fuel diesel-electric propulsion (DFDE) system that utilizes both diesel oil as well as boil-off gases, which increases the efficiency of the vessel by almost 30% when compared to conventional vessels. This will increase the adoption of DFDE systems in the next few years, and the revamping of carrier propulsion systems is considered to be one of the major trends that will gain traction in the market during the predicted period.

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Segment by Key players:
- Samsung Heavy Industries
- Mitsubishi Heavy Industries
- Hyundai Heavy Industries
- DSME
- Mitsui OSK Lines
- NYK Lines
- Yamal

Segment by Type:
- LPG (Liquefied Petroleum Gas) Tanker
- LNG (Liquefied Natural Gas) Tanker

Segment by Application:
- Aviation
- Marine
- Industrial

Segment by Regions:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa

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Table of Content:

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. LNG Tanker Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LNG Tanker Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LNG Tanker Market - Supply Chain
4.5. Global LNG Tanker Market Forecast
4.5.1. LNG Tanker Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LNG Tanker Market Size (000' Units) and Y-o-Y Growth
4.5.3. LNG Tanker Market Absolute $ Opportunity

5. Global LNG Tanker Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LNG Tanker Market Size and Volume Forecast by Type
5.3.1. Fabricated Frame
5.3.2. Tube and Coupler
5.3.3. Mobile
5.3.4. Pole
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global LNG Tanker Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LNG Tanker Market Size and Volume Forecast by Application
6.3.1. Personal Decoration
6.3.2. Commercial Decoration
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global LNG Tanker Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LNG Tanker Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global LNG Tanker Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LNG Tanker Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LNG Tanker Demand Share Forecast, 2019-2029

Continued……

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