Pune, India -- (SBWIRE) -- 04/09/2019 -- Our latest research report entitled LNG Carrier Market (by Technology (Moss Type, Prism Type, and Membrane Type)) The US and Global Industry Analysis, Technology and Regional Analysis by Volume and Revenue, Trends, and Forecasts up to 2023 provides complete and deep insights into the market dynamics and growth of LNG Carrier. Latest information on market risks, industry chain structure LNG Carrier cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential LNG Carrier growth factors.

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The forecast LNG carrier market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, LNG Carrier on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report.

LNG Carrier Market: Industry Insights

The LNG carrier is a dedicated carrier vehicle, used for the transportation of the liquefied natural gas (LNG). It is a highly sophisticated gas carrier, built for transportation of natural gas in a large amount at an extremely low temperature. The LNG carrier transport LNG at a low temperature of -160°C.

LNG Carrier Market: Drivers and Restraints

The growing demand for clean energy, replacement of the coal-based energy technology, and replacement of diesel and other oil fuel-based technology is helping to boost the demand of LNG carriers. Recently, China came in news for massive coal to gas switching policy for industrial and residential sectors. Owing to this policy, the demand for liquefied natural gas in China grow substantially and is expected to be the world biggest liquefied natural gas importer in the next few years. Additionally, growing demand to reduce the carbon emission level around the globe, and mounting pressure on the developing countries is expected to phase out the coal-based old technology in the near future. Some countries as India, China, and other developing countries are systematically phasing out the coal-based technology from the industrial and residential sector. The liquefied natural gas carriers are the costly carrier, and its operating cost is very high owing to the unique features. The costly operation and maintenance cost is hampering the growth of this market. Additionally, the availability of cheap fossil fuels is restricting the demand for liquefied natural gas carriers.

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LNG Carrier Market: Segmentation

The LNG Carrier market is divided on the basis of technology. By technology, the liquefied natural gas (LNG) carrier market is divided into three segments, namely moss type, prism type, and membrane type. The moss type market holds a significant share in the liquefied natural gas carrier market in 2018.

LNG Carrier Market: Regional Insights

On the basis of region, the liquefied natural gas carrier market is divided into North America, Europe, Asia-pacific, and Rest of the World (RoW). Among the geographic region, the Asia-Pacific dominates the liquefied natural gas market, owing to the major importing nations like China, Japan, and South Korea, in this region. The growing focus of developing countries in this region to adopt clean energy sources to reduce the carbon emission is helping to maintain the leading position of this region in the global liquefied natural gas carrier market.

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LNG Carrier Market: Competitive Analysis

The global LNG Carrier market is a competitive market. The prominent players in the global liquified natural gas carrier market is 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.