Please Wait.....
Report
North America C-Type LNG Carrier Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product Type (Cylindrical, Bi-Lobe, and Tri-Lobe) and Application (Marine, Oil and Gas, Petrochemical, and Others)
Market Report I 2022-12-19 I 97 Pages I The Insight Partners
The C-type LNG carrier market in North America is expected to grow from US$ 449.71 million in 2022 to US$ 595.78 million by 2028. It is estimated to grow at a CAGR of 4.8% from 2022 to 2028.
Increasing Demand for Clean Energy
Natural gas is gaining momentum in many sectors as it is a cheap, environment-friendly, and efficient fossil fuel. It emits around 40% less carbon dioxide than coal and roughly 20% less carbon than oil. LNG is considered as a cleaner alternative to fuel oil and coal. It is widely adopted for generating the power. Thus, the rise in demand for clean gas is primarily attributed by the industrial and commercial applications which is further expected to drive the market growth.
The surging demand for natural gases by residential, industrial, and commercial sectors, mainly from the developing economies, and the growing usage of LNG carriers for a wide range of end-use applications, such as defense and transport, are among the major factors holding potential opportunity for the growth of the C-type LNG carrier market. Thus, the increase in demand for clean energy sources across various applications is expected to provide lucrative opportunities for the market growth in the coming years.
Market Overview
North America is one of the important markets for C-type LNG carrier providers, owing to the presence of major liquefied natural gas (LNG) manufacturers such as Cheniere Energy, Royal Dutch Shell, and Total. Countries in North America have gradually boosted their LNG export capability. According to the report by US Energy Information, the LNG export capacity of the US has expanded by 1.9 Bcf/d nominals (2.1 Bcf/d peaks) since November 2021. Furthermore, in 2021, US LNG shipments to 41 nations set a new high of around 1,819 Bcf, accounting for 39% of total US natural gas exports. Hence, the increasing export trade from the country is anticipated to create lucrative opportunities for the C-Type LNG carrier market vendors.
Further, the US shipping sector has already begun investing in the LNG market. It expects to do so in the future, owing to the increasing availability of natural gas in the US. Domestic shipyards have developed or are amid developing LNG-transporting assets. For instance, Conrad Shipyard in Orange, Texas, built the first LNG bunker barge in North America in 2018. In addition, VT Halter is also working on a 4,000 cubic meter LNG Articulated Tug and Barge (ATB) and has signed a letter of intent to build an 8,000 cubic meter version of the vessel. LNG technology, which is currently in use at American shipyards, has been scaled up to meet customer requests, resulting in a burgeoning market for C-Type LNG carriers.
North America C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)
North America C-Type LNG Carrier Market Segmentation
The North America C-type LNG carrier market is segmented into product type, application, and country.
Based on product type, the North America C-type LNG carrier market is segmented into cylindrical, bi-lobe and tri-lobe segments. The cylindrical segment registered the largest market share in 2022. Based on application, the North America C-type LNG carrier market is segmented into marine, petrochemicals, oil and gas and others segment. The marine segment registered the largest market share in 2022. Based on country, the market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022. China Shipbuilding Trading Co., Ltd.; DSME Co., Ltd.; Gaslog Ltd.; HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD.; Knutsen OAS Shipping; Komarine Co.; Mitsubishi Heavy Industries, Ltd.; and TGE Marine Gas Engineering GmbH are the leading companies operating in the c-type LNG carrier market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America C-Type LNG Carrier Market - By Product Type
1.3.2 North America C-Type LNG Carrier Market - By Application
1.3.3 North America C-Type LNG Carrier Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America C-Type LNG Carrier Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America C-Type LNG Carrier Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in New Shipbuilding Contracts and New Fleet Expansion
5.2 Key Market Restraints
5.2.1 Operational and Financial Challenges Associated with LNG Carriers
5.3 Key Market Opportunities
5.3.1 Increasing Demand for Clean Energy
5.4 Trends
5.4.1 Rising Demand for Natural Gas from Several Industries
5.5 Impact analysis of Drivers and Restraints
6. C-Type LNG Carrier Market - North America Analysis
6.1 C-Type LNG Carrier Market Overview
6.2 North America C-Type LNG Carrier Market Forecast and Analysis
7. North America C-Type LNG Carrier Market Revenue and Forecast to 2028 - Product Type
7.1 Overview
7.2 North America C-Type LNG Carrier Market, By Product (2021 And 2028)
7.3 Cylindrical
7.3.1 Overview
7.3.2 Cylindrical: C-Type LNG Carrier Market Revenue and Forecast To 2028 (US$ Million)
7.4 Bi-lobe Shaped Tanks
7.4.1 Overview
7.4.2 Bi-lobe Shaped Tanks: C-Type LNG Carrier Market Revenue and Forecast To 2028 (US$ Million)
7.5 Tri-lobe Shaped Tanks
7.5.1 Overview
7.5.2 Tri-lobe Shaped Tanks: C-Type LNG Carrier Market Revenue and Forecast To 2028 (US$ Million)
8. North America C-Type LNG Carrier Market Analysis - By Application
8.1 Overview
8.2 North America C-Type LNG Carrier Market, By Application (2021 And 2028)
8.3 Marine
8.3.1 Overview
8.3.2 Marine: C-Type LNG Carrier Market Revenue and Forecast To 2028 (US$ Million)
8.4 Oil and Gas
8.4.1 Overview
8.4.2 Oil and Gas: C-Type LNG Carrier Market Revenue and Forecast To 2028 (US$ Million)
8.5 Petrochemical
8.5.1 Overview
8.5.2 Petrochemical: C-Type LNG Carrier Market Revenue and Forecast To 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: C-Type LNG Carrier Market Revenue and Forecast To 2028 (US$ Million)
9. C-Type LNG Carrier Market - Country Analysis
9.1 Overview
9.1.1 Overview
9.1.2 North America C-Type LNG Carrier Market Breakdown, by Country
9.1.2.1 US C-Type LNG Carrier Market, Revenue and Forecast to 2028
9.1.2.1.1 US C-Type LNG Carrier Market Breakdown, By Product Type
9.1.2.1.2 US C-Type LNG Carrier Market Breakdown, By Application
9.1.2.2 Canada C-Type LNG Carrier Market, Revenue and Forecast to 2028
9.1.2.2.1 Canada C-Type LNG Carrier Market Breakdown, By Product Type
9.1.2.2.2 Canada C-Type LNG Carrier Market Breakdown, By Application
9.1.2.3 Mexico C-Type LNG Carrier Market, Revenue and Forecast to 2028
9.1.2.3.1 Mexico C-Type LNG Carrier Market Breakdown, By Product Type
9.1.2.3.2 Mexico C-Type LNG Carrier Market Breakdown, By Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Product Launch
11. Company Profiles
11.1 Mitsubishi Heavy Industries, Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Komarine Co.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 TGE Marine Gas Engineering GmbH
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 China Shipbuilding Trading Co., Ltd.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Knutsen OAS Shipping
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 DSME Co., Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Gaslog Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. North America C-Type LNG Carrier Market, Revenue and Forecast, 2019-2028 (US$ Million)
Table 2. North America C-Type LNG Carrier Market, Revenue and Forecast To 2028 - By Country (US$ million)
Table 3. US C-Type LNG Carrier Market, Revenue and Forecast to 2028 - By Product Type (US$ million)
Table 4. US C-Type LNG Carrier Market, Revenue and Forecast to 2028 - By Application (US$ million)
Table 5. Canada C-Type LNG Carrier Market, Revenue and Forecast to 2028 - By Product Type (US$ million)
Table 6. Canada C-Type LNG Carrier Market, Revenue and Forecast to 2028 - By Application (US$ million)
Table 7. Mexico C-Type LNG Carrier Market Breakdown, By Product Type
Table 8. Mexico C-Type LNG Carrier Market, Revenue and Forecast to 2028 - By Application (US$ million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. North America C-Type LNG Carrier Market Segmentation
Figure 2. North America C-Type LNG Carrier Market Segmentation - Country
Figure 3. North America C-Type LNG Carrier Market Overview
Figure 4. North America C-Type LNG Carrier Market, By Product Type
Figure 5. North America C-Type LNG Carrier Market, By Application
Figure 6. North America C-Type LNG Carrier Market, By Country
Figure 7. North America: PEST Analysis
Figure 8. North America C-Type LNG Carrier Market Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. North America C-Type LNG Carrier Market: Impact Analysis of Drivers and Restraints
Figure 11. North America C-Type LNG Carrier Market, Forecast and Analysis (US$ Million)
Figure 12. North America C-Type LNG Carrier Market, By Product (2021 and 2028)
Figure 13. North America Cylindrical: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Bi-lobe Shaped Tanks: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Tri-lobe Shaped Tanks: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America C-Type LNG Carrier Market, By Application (2021 and 2028)
Figure 17. North America Marine: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Oil and Gas: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Petrochemical: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Others: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America C-Type LNG Carrier Market, by Key Country- Revenue (2021) (US$ million)
Figure 22. North America C-Type LNG Carrier Market Breakdown, by Country, 2021 & 2028 (%)
Figure 23. US C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)
Figure 24. Canada C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)
Figure 25. Mexico C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security