C Type Lng Carrier Market Scope And Analysis

Report Code : TIPRE00029686
Category : Automotive and Transportation

Status : Published
No. of Pages : 150

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C-Type LNG Carrier Market Analysis, Scope, and Growth by 2028

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C-Type LNG Carrier Market Report Scope

Report Attribute	Details
Market size in 2021	US$ 3.92 Billion
Market Size by 2028	US$ 6.47 Billion
Global CAGR (2021 - 2028)	7.54%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Product Type Cylindrical Bi-Lobe Tri-Lobe By Application Marine Oil and Gas Petrochemical
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	China Shipbuilding Trading Co Ltd DSME Co Ltd GAS Entec Gaslog Ltd HYUNDAI SAMHO HEAVY INDUSTRIES CO LTD Knutsen OAS Shipping Komarine Co Mitsubishi Heavy Industries Ltd TGE Marine Gas Engineering GmbH

Product Type-based Insights

The C-type LNG carrier market is segmented based on product type and application. Based on product type, the C-type LNG carrier market is segmented into cylindrical, bi-lobe, and tri-lobe. The cylindrical segment held the largest market share in 2021, as it holds flexibility and strength over the temperature range of 50ºC–180ºC.

Players operating in the C-type LNG carrier market are mainly focused on the development of advanced and efficient products.

In January 2022, Hyundai Samho Heavy Industries received an order worth US$ 1.3 billion for building seven ships—six very large container ships and one LNG carrier. Six 15,000 TEU (Twenty-foot Equivalent Unit) liquefied natural gas-powered container ships are projected to be delivered gradually to Europe-based shipping company in the first half of 2024.
In June 2022, Daewoo Shipbuilding & Marine Engineering Co. (DSME) received a KRW 1.07 trillion (US$ 850 million) order to build four LNG carriers under a deal with a Qatar state oil firm, which will be done by 2025.

The analysis of the C-type LNG carrier market is based on product type and application. Based on product type, the market is segmented into cylindrical, bi-lobe, and tri-lobe. Based on application, the market is segmented into marine, oil and gas, petrochemical, and others.

The C-type LNG carrier market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2021, Asia Pacific led the market with a substantial revenue share, followed by Europe and North America. The C-type LNG carrier market analysis helps to understand the upcoming trends, new technologies, and macro and micro factors that influence the market growth.

The key players profiled in the C-type LNG carrier market study include DSME Co. Ltd; Hyundai Heavy Industries Co. Ltd; Mitsubishi Heavy Industries Ltd; TGE Marine AG; Gas Entec; Komarine Co.; Torgy LNG AS; China Shipbuilding Trading Co., Ltd.; Knutsen OAS Shipping; and HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD. The C-type LNG carrier market report provides detailed market insights which help the key players to strategize their growth.