Global LNG Carriers Market 2019-2023
About LNG Carriers
LNG (liquefied natural gas) carrier is a specialized tank ship which is designed for transportation of LNG.
Technavio’s analysts forecast the global LNG carriers market to grow at a CAGR of 4.74% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global LNG carriers market for 2019-2023. To calculate the market size, the report considers the revenue generated from the use of LNG carriers in different containment type.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global LNG Carriers Market 2019-2023
Technavio recognizes the following companies as the key players in the global LNG carriers market: AECOM, Babcock International Group, Bechtel, Holtec International, Orano.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increase in demand for cleaner fuels. The demand for natural gas is expected to increase during the forecast period due to the demand for clean fuels, therefore, have a positive in the growth.
According to the report, one of the major drivers for this market is the increase in demand for natural gas. The demand for end- user such as power sector, fertilizers sector and feedstocks will drive the demand for the market.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuation in oil and gas prices. The frequent fluctuation in the prices of crude oil affect the production and use of natural gas, which will pose challenge to the growth of the market.
Babcock International Group