C-Type LNG Carrier Market Size & Share | Global Analysis 2028

C-Type LNG Carrier Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Cylindrical, Bi-Lobe, and Tri-Lobe), Application (Marine, Oil and Gas, Petrochemical, and Others), and Geography

  • Report Code : TIPRE00029686
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 150
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C-Type LNG Carrier Market Size & Share | Global Analysis 2028

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The C-type LNG carrier market size was valued US$ 3,920.84 million in 2021. It is expected to grow at a CAGR of 7.5% during 2022–2028.

The C-type tanks are insulated cylindrical, bi-lobe-shaped, or tri-lobe-shaped tanks that can be fully or partially pressurized, depending on the liquefied gas to be stored. These tanks are found onboard small and mid-sized LPG carriers and small-scale LNG carriers. Type C tanks can store LNG at a higher pressure than Type A and Type B tanks, though space optimization in these tanks is lower. The growing consumption of LNG across the world from many end users, such as the power generation industry and industrial activities, is increasing the LNG liquefaction capacity. The surge in newbuild contracting and fleet expansion and the increase in demand for clean energy supported by favorable government regulations for reducing carbon emissions are propelling the demand for LNG, driving the C-type LNG carrier market. The rise in energy demand is propelling the need for LNG across Asia Pacific countries. The traditional markets, such as Japan and South Korea, have held their leading position in terms of LNG consumption, as their domestic markets have changed under the influence of liberalization policies, which have led to different opportunities for the transportation of LNG.

Owing to the rising need for LNG transportation, many industry players are looking forward to building the next generation of cargo containment systems. The surge in long-term contracts in 2021, owing to a rise in trading activities after a decrease experienced in 2020. For instance, in 2021, China-based Sinopec Corp signed the most long-term LNG contracts, gaining 5 million tonnes per annum (MTPA) of imported LNG; Vitol Group signed the second-highest number of long-term LNG contracts, gaining 4.3 mtpa LNG; and Royal Dutch Shell signed the third highest, gaining 4.0 mtpa LNG. As per the Wood Mackenzie report, in the next decade, around two-thirds of expected growth in LNG demand will come from China, India, Pakistan, and Bangladesh, which are the world’s fastest-growing markets for LNG imports. Alongside China, India is also expected to dominate Asia’s LNG regasification capacity in the coming years, accounting for around 60% of the region’s total capacity between 2020 and 2024. Therefore, the significant demand for LNG is expected to increase the transportation activities of LNG, which is likely to drive the need for LNG carriers in the coming years. However, as per the IEA report, by 2025, gas prices are projected to increase, which may hinder the demand for LNG and hamper the market growth.

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C-Type LNG Carrier Market: Strategic Insights

c-type-lng-carrier-market
Market Size Value inUS$ 3,920.84 Million in 2021
Market Size Value byUS$ 6,469.02 Million by 2028
Growth rateCAGR of 7.54% from 2022 to 2028
Forecast Period2022-2028
Base Year2021
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Impact of COVID-19 Pandemic on C-Type LNG Carrier Market Growth

The COVID-19 pandemic negatively impacted the global C-type LNG carrier market. In North America, the COVID-19 pandemic impacted LNG investment and near- and longer-term fundamentals. For example, in the US market, there has been surged in importance over the past decade because of the shale boom. COVID-19 has delayed construction and liquefaction projects, impacting the production of LNG carriers, and LNG projects could be an attractive option for cutting costs. The growing demand for c-type LNG carriers from the rapidly expanding economies of Asia Pacific is expected to be a key driving force in producing momentum for a worldwide economic recovery from the effects of the COVID-19 pandemic. Along with China, India is expected to lead Asia's LNG regasification capacity additions in the next few years, accounting for 60.0% of the region's total between 2020 and 2024. Amid the COVID-19 pandemic, changes in the LNG carrier market will be significant for LNG importing countries as they may have to rely on large portfolio players. Governments may have to step in more directly if they need volumes to grow beyond 2025. Japan's commitment of US$ 10 billion toward LNG infrastructure is the first step in this direction. An average liquefaction train costs nearly US$ 8 billion (4 million tons at US$ 2,000/ton). All these initiatives are expected to fuel the c-type LNG carrier market growth post-pandemic.

Market Insight – C-Type LNG Carrier Market

Surge in New Shipbuilding Contracts and New Fleet Expansion       

Market players are building new LNG carriers due to the rising demand for LNG. For instance, in January 2022, TGE Marine proudly announced the completion of the tank-building phase for two large LNG cargo tanks at Jiangnan Shipyard. Also, in August 2022, NYK Line announced a long-term time-charter contract with Qatar Energy for seven new LNG carriers. The companies also executed shipbuilding contracts for the seven 174,000 m3 LNG carriers with Hyundai Heavy Industries Co., Ltd. Thus, the rise in new shipbuilding contracts among the leading players is driving the C-type LNG carrier market.

Furthermore, in July 2022, Gaztransport & Technigaz (GTT) received a tank design contract from Samsung Heavy Industries (SHI), its South Korean partner, for designing a series of new LNG carriers. As per the contract, the Gaztransport & Technigaz (GTT) company will design the tank of 14 new LNGCs. Two of the ships are for a shipowner from Asia, while the other 12 are for an American shipowner. Similarly, in November 2021, Jiangsu Yangzijiang Shipbuilding launched the LNG-powered MSC Washington, which features a 12,300-cbm type C bi-lobe LNG tank. Thus, such contracts for the manufacturing of LNG carriers and expansion of new fleets are bolstering the C-type LNG carrier market growth.

C-Type LNG Carrier Market Report Scope

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.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type, Application, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the incremental growth rate of the global C-Type LNG carrier market during the forecast period?

The incremental growth rate of the global C-Type LNG carrier market is 7.5%.

What is the estimated global market size for the global C-Type LNG carrier market in 2021?

The market for C-Type LNG carrier was valued at US$ 3,920.84 Mn in 2021.

What are the future trends of the global C-Type LNG carrier market?

Rising Demand for Natural Gas from Several Industries.

What are the driving factors impacting the global C-Type LNG carrier market?

The driving factors for the market are:
Growing LNG Liquefaction Capacity Globally
Surge in New Shipbuilding Contracts and New Fleet Expansion

Which are the key players holding the major market share of global C-Type LNG carrier market?

DSME Co. Ltd; Hyundai Heavy Industries Co. Ltd; Mitsubishi Heavy Industries Ltd; TGE Marine AG; and Gas Entec

Which is the fastest growing regional market?

Asia Pacific (APAC) is anticipated to grow with the highest CAGR over the forecast period.

Which country is holding the major market share of global C-Type LNG carrier market?

The country of China is anticipated to hold the largest market share in 2021.

Which countries are registering a high growth rate during the forecast period?

The countries anticipated to grow with the highest CAGR are US, Germany, Japan, Saudi Arabia, and Argentina.

Which is the leading product type segment in the global C-Type LNG carrier market?

The cylindrical segment held the largest share in 2021.

What will be the global market size for C-Type LNG carrier market by 2028?

The market for C-Type LNG carrier was valued at US$ 6,469.02 Mn in 2028.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Global C-Type LNG Carrier Market – By Product Type

1.3.2 Global C-Type LNG Carrier Market – By Application

1.3.3 Global C-Type LNG Carrier Market – By Geography

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. C-Type LNG Carrier Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 APAC

4.2.4 MEA

4.2.5 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. C-Type LNG Carrier Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing LNG Liquefaction Capacity Globally

5.1.2 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 – Global Market Analysis

6.1 C-Type LNG Carrier Market Global Overview

6.2 Global C-Type LNG Carrier Market Forecast and Analysis

6.3 Market Positioning- Top Five Players

7. C-Type LNG Carrier Market Revenue and Forecast to 2028 – Product Type

7.1 Overview

7.2 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. Global C-Type LNG Carrier Market Analysis – By Application

8.1 Overview

8.2 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 – Geographic Analysis

9.1 Overview

9.2 North America: C-Type LNG Carrier Market

9.2.1 Overview

9.2.2 North America C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.2.3 North America C-Type LNG Carrier Market Breakdown, By Product Type

9.2.4 North America C-Type LNG Carrier Market Breakdown, By Application

9.2.5 North America C-Type LNG Carrier Market Breakdown, by Country

9.2.5.1 US C-Type LNG Carrier Market, Revenue and Forecast to 2028

9.2.5.1.1 US C-Type LNG Carrier Market Breakdown, By Product Type

9.2.5.1.2 US C-Type LNG Carrier Market Breakdown, By Application

9.2.5.2 Canada C-Type LNG Carrier Market, Revenue and Forecast to 2028

9.2.5.2.1 Canada C-Type LNG Carrier Market Breakdown, By Product Type

9.2.5.2.2 Canada C-Type LNG Carrier Market Breakdown, By Application

9.2.5.3 Mexico C-Type LNG Carrier Market, Revenue and Forecast to 2028

9.2.5.3.1 Mexico C-Type LNG Carrier Market Breakdown, By Product Type

9.2.5.3.2 Mexico C-Type LNG Carrier Market Breakdown, By Application

9.3 Europe: C-Type LNG Carrier Market

9.3.1 Overview

9.3.2 Europe C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ million)

9.3.3 Europe C-Type LNG Carrier Market Breakdown, By Product Type

9.3.4 Europe C-Type LNG Carrier Market Breakdown, By Application

9.3.5 Europe C-Type LNG Carrier Market Breakdown, by Country

9.3.5.1 Germany C-Type LNG Carrier Market, Revenue and Forecast to 2028

9.3.5.1.1 Germany C-Type LNG Carrier Market Breakdown, By Product Type

9.3.5.1.2 Germany C-Type LNG Carrier Market Breakdown, By Application

9.3.5.1.3 France C-Type LNG Carrier Market, Revenue and Forecast to 2028

9.3.5.1.4 France C-Type LNG Carrier Market Breakdown, By Product Type

9.3.5.1.5 France C-Type LNG Carrier Market Breakdown, By Application

9.3.5.2 Italy C-Type LNG Carrier Market, Revenue and Forecast to 2028

9.3.5.2.1 Italy C-Type LNG Carrier Market Breakdown, By Product Type

9.3.5.2.2 Italy C-Type LNG Carrier Market Breakdown, By Application

9.3.5.3 UK C-Type LNG Carrier Market, Revenue and Forecast to 2028

9.3.5.3.1 UK C-Type LNG Carrier Market Breakdown, By Product Type

9.3.5.3.2 UK C-Type LNG Carrier Market Breakdown, By Application

9.3.5.4 Russia C-Type LNG Carrier Market, Revenue and Forecast to 2028

9.3.5.4.1 Russia C-Type LNG Carrier Market Breakdown, By Product Type

9.3.5.4.2 Russia C-Type LNG Carrier Market Breakdown, By Application

9.3.5.5 Rest of Europe C-Type LNG Carrier Market, Revenue and Forecast to 2028

9.3.5.5.1 Rest of Europe C-Type LNG Carrier Market Breakdown, By Product Type

9.3.5.5.2 Rest of Europe C-Type LNG Carrier Market Breakdown, By Application

9.4 APAC: C-Type LNG Carrier Market

9.4.1 Overview

9.4.2 APAC C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.4.3 APAC C-Type LNG Carrier Market Breakdown, By Product Type

9.4.4 APAC C-Type LNG Carrier Market Breakdown, By Application

9.4.5 APAC C-Type LNG Carrier Market Breakdown, by Country

9.4.5.1 Australia C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.4.5.1.1 Australia C-Type LNG Carrier Market Breakdown, By Product Type

9.4.5.1.2 Australia C-Type LNG Carrier Market Breakdown, By Application

9.4.5.2 China C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.4.5.2.1 China C-Type LNG Carrier Market Breakdown, By Product Type

9.4.5.2.2 China C-Type LNG Carrier Market Breakdown, By Application

9.4.5.3 India C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.4.5.3.1 India C-Type LNG Carrier Market Breakdown, By Product Type

9.4.5.3.2 India C-Type LNG Carrier Market Breakdown, By Application

9.4.5.4 Japan C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.4.5.4.1 Japan C-Type LNG Carrier Market Breakdown, By Product Type

9.4.5.4.2 Japan C-Type LNG Carrier Market Breakdown, By Application

9.4.5.5 South Korea C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.4.5.5.1 South Korea C-Type LNG Carrier Market Breakdown, By Product Type

9.4.5.5.2 South Korea C-Type LNG Carrier Market Breakdown, By Application

9.4.5.6 Rest of APAC C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.4.5.6.1 Rest of APAC C-Type LNG Carrier Market Breakdown, By Product Type

9.4.5.6.2 Rest of APAC C-Type LNG Carrier Market Breakdown, By Application

9.5 MEA: C-Type LNG Carrier Market

9.5.1 Overview

9.5.2 MEA C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.5.3 MEA C-Type LNG Carrier Market Breakdown, By Product Type

9.5.4 MEA C-Type LNG Carrier Market Breakdown, By Application

9.5.5 MEA C-Type LNG Carrier Market Breakdown, By Country

9.5.5.1 Saudi Arabia C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.5.5.1.1 Saudi Arabia C-Type LNG Carrier Market Breakdown, By Product Type

9.5.5.1.2 Saudi Arabia C-Type LNG Carrier Market Breakdown, By Application

9.5.5.2 UAE C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.5.5.2.1 UAE C-Type LNG Carrier Market Breakdown, By Product Type

9.5.5.2.2 UAE C-Type LNG Carrier Market Breakdown, By Application

9.5.5.3 South Africa C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.5.5.3.1 South Africa C-Type LNG Carrier Market Breakdown, By Product Type

9.5.5.3.2 South Africa C-Type LNG Carrier Market Breakdown, By Application

9.5.5.4 Rest of MEA C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.5.5.4.1 Rest of MEA C-Type LNG Carrier Market Breakdown, By Product Type

9.5.5.4.2 Rest of MEA C-Type LNG Carrier Market Breakdown, By Application

9.6 SAM: C-Type LNG Carrier Market

9.6.1 Overview

9.6.2 SAM C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

9.6.3 SAM C-Type LNG Carrier Market Breakdown, By Product Type

9.6.4 SAM C-Type LNG Carrier Market Breakdown, By Application

9.6.5 SAM C-Type LNG Carrier Market Breakdown, by Country

9.6.5.1 Brazil C-Type LNG Carrier Market, Revenue and Forecast to 2028

9.6.5.1.1 Brazil C-Type LNG Carrier Market Breakdown, By Product Type

9.6.5.1.2 Brazil C-Type LNG Carrier Market Breakdown, By Application

9.6.5.2 Argentina C-Type LNG Carrier Market, Revenue and Forecast to 2028

9.6.5.2.1 Argentina C-Type LNG Carrier Market Breakdown, By Product Type

9.6.5.2.2 Argentina C-Type LNG Carrier Market Breakdown, By Application

9.6.5.3 Rest of SAM C-Type LNG Carrier Market, Revenue and Forecast to 2028

9.6.5.3.1 Rest of SAM C-Type LNG Carrier Market Breakdown, By Product Type

9.6.5.3.2 Rest of SAM C-Type LNG Carrier Market Breakdown, By Application

10. Impact of COVID-19 Pandemic on C-Type LNG Carrier Market

10.1 Overview

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 APAC: Impact Assessment of COVID-19 Pandemic

10.5 MEA: Impact Assessment of COVID-19 Pandemic

10.6 SAM: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Merger and Acquisition

11.4 New Product Launch

12. Company Profiles

12.1 Mitsubishi Heavy Industries, Ltd.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Komarine Co.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Torgy LNG AS

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 GAS Entec

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 TGE Marine Gas Engineering GmbH

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 China Shipbuilding Trading Co., Ltd.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Knutsen OAS Shipping

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD.

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 DSME Co., Ltd.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Gaslog Ltd.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. Global 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 Product Type (US$ million)

Table 3. North America C-Type LNG Carrier Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 4. North America C-Type LNG Carrier Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 5. US C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 6. US C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 7. Canada C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 8. Canada C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 9. Mexico C-Type LNG Carrier Market Breakdown, By Product Type

Table 10. Mexico C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 11. Europe C-Type LNG Carrier Market, Revenue and Forecast To 2028 – By Product Type (US$ million)

Table 12. Europe C-Type LNG Carrier Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 13. Europe C-Type LNG Carrier Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 14. Germany C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 15. Germany C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 16. France C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 17. France C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 18. Italy C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 19. Italy C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 20. UK C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 21. UK C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 22. Russia C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 23. Russia C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 24. Rest of Europe C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 25. Rest of Europe C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 26. APAC C-Type LNG Carrier Market, Revenue and Forecast To 2028 – By Product Type (US$ million)

Table 27. APAC C-Type LNG Carrier Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 28. APAC C-Type LNG Carrier Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 29. Australia C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 30. Australia C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 31. China C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 32. China C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 33. India C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 34. India C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 35. Japan C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 36. Japan C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 37. South Korea C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 38. South Korea C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 39. Rest of APAC C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 40. Rest of APAC C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 41. MEA C-Type LNG Carrier Market, Revenue and Forecast To 2028 – By Product Type (US$ million)

Table 42. MEA C-Type LNG Carrier Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 43. MEA C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Country (US$ million)

Table 44. Saudi Arabia C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 45. Saudi Arabia C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 46. UAE C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 47. UAE C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 48. South Africa C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 49. South Africa C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 50. Rest of MEA C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 51. Rest of MEA C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 52. SAM C-Type LNG Carrier Market, Revenue and Forecast To 2028 – By Product Type (US$ million)

Table 53. SAM C-Type LNG Carrier Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 54. SAM C-Type LNG Carrier Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 55. Brazil C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 56. Brazil C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 57. Argentina C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 58. Argentina C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 59. Rest of SAM C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 60. Rest of SAM C-Type LNG Carrier Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 61. List of Abbreviation

LIST OF FIGURES

Figure 1. C-Type LNG Carrier Market Segmentation

Figure 2. C-Type LNG Carrier Market Segmentation – Geography

Figure 3. C-Type LNG Carrier Market Overview

Figure 4. C-Type LNG Carrier Market, By Product Type

Figure 5. C-Type LNG Carrier Market, By Application

Figure 6. C-Type LNG Carrier Market, By Region

Figure 7. North America: PEST Analysis

Figure 8. Europe: PEST Analysis

Figure 9. APAC: PEST Analysis

Figure 10. MEA: PEST Analysis

Figure 11. SAM: PEST Analysis

Figure 12. C-Type LNG Carrier Market Ecosystem Analysis

Figure 13. Expert Opinion

Figure 14. C-Type LNG Carrier Market: Impact Analysis of Drivers and Restraints

Figure 15. Geographic Overview of C-Type LNG Carrier Market

Figure 16. Global C-Type LNG Carrier Market, Forecast and Analysis (US$ Million)

Figure 17. Market Positioning- Top Five Players

Figure 18. C-Type LNG Carrier Market, By Product (2021 and 2028)

Figure 19. Cylindrical: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. Bi-lobe Shaped Tanks: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)

Figure 21. Tri-lobe Shaped Tanks: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)

Figure 22. C-Type LNG Carrier Market, By Application (2021 and 2028)

Figure 23. Marine: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)

Figure 24. Oil and Gas: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)

Figure 25. Petrochemical: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)

Figure 26. Others: C-Type LNG Carrier Market Revenue and Forecast to 2028 (US$ Million)

Figure 27. Global C-Type LNG Carrier Market Breakdown, by Region, 2021 & 2028 (%)

Figure 28. North America C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 29. North America C-Type LNG Carrier Market Breakdown, By Product Type, 2021 & 2028 (%)

Figure 30. North America C-Type LNG Carrier Market Breakdown, By Application, 2021 & 2028 (%)

Figure 31. North America C-Type LNG Carrier Market Breakdown, by Country, 2021 & 2028 (%)

Figure 32. US C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 33. Canada C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 34. Mexico C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 35. Europe C-Type LNG Carrier Market, Revenue and Forecast To 2028 (US$ million)

Figure 36. Europe C-Type LNG Carrier Market Breakdown, By Product Type, 2021 & 2028 (%)

Figure 37. Europe C-Type LNG Carrier Market Breakdown, By Application, 2021 & 2028 (%)

Figure 38. Europe C-Type LNG Carrier Market Breakdown, by Country, 2018 & 2027(%)

Figure 39. Germany C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 40. France C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 41. Italy C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 42. UK C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 43. Russia C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 44. Rest of Europe C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 45. APAC C-Type LNG Carrier Market, Revenue and Forecast To 2028 (US$ million)

Figure 46. APAC C-Type LNG Carrier Market Breakdown, By Product Type, 2021 & 2028 (%)

Figure 47. APAC C-Type LNG Carrier Market Breakdown, By Application, 2021 & 2028 (%)

Figure 48. APAC C-Type LNG Carrier Market Breakdown, by Country, 2021 & 2028 (%)

Figure 49. Australia C-Type LNG Carrier Market, Revenue and Forecast To 2028 (US$ million)

Figure 50. China C-Type LNG Carrier Market, Revenue and Forecast To 2028 (US$ million)

Figure 51. India C-Type LNG Carrier Market, Revenue and Forecast To 2028 (US$ million)

Figure 52. Japan C-Type LNG Carrier Market, Revenue and Forecast To 2028 (US$ million)

Figure 53. South Korea C-Type LNG Carrier Market, Revenue and Forecast To 2028 (US$ million)

Figure 54. Rest of APAC C-Type LNG Carrier Market, Revenue and Forecast To 2028 (US$ million)

Figure 55. MEA C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 56. MEA C-Type LNG Carrier Market Breakdown, By Product Type, 2021 & 2028 (%)

Figure 57. MEA C-Type LNG Carrier Market Breakdown, By Application, 2021 & 2028 (%)

Figure 58. MEA C-Type LNG Carrier Market Breakdown, By Country, 2021 & 2028 (%)

Figure 59. Saudi Arabia C-Type LNG Carrier Market, Revenue and Forecast To 2028 (US$ million)

Figure 60. UAE C-Type LNG Carrier Market, Revenue and Forecast To 2028 (US$ million)

Figure 61. South Africa C-Type LNG Carrier Market, Revenue and Forecast To 2028 (US$ million)

Figure 62. Rest of MEA C-Type LNG Carrier Market, Revenue and Forecast To 2028 (US$ million)

Figure 63. SAM C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 64. SAM C-Type LNG Carrier Market Breakdown, By Product Type, 2021 & 2028 (%)

Figure 65. SAM C-Type LNG Carrier Market Breakdown, By Application, 2021 & 2028 (%)

Figure 66. SAM C-Type LNG Carrier Market Breakdown, by Country, 2021 & 2028 (%)

Figure 67. Brazil C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 68. Argentina C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 69. Rest of SAM C-Type LNG Carrier Market, Revenue and Forecast to 2028 (US$ million)

Figure 70. Impact of COVID-19 Pandemic on North American Country Markets

Figure 71. Impact of COVID-19 Pandemic on European Country Markets

Figure 72. Impact of COVID-19 Pandemic on APAC Country Markets

Figure 73. Impact of COVID-19 Pandemic on MEA Country Markets

Figure 74. Impact of COVID-19 Pandemic on SAM Country Markets

The List of Companies - C-Type LNG Carrier Market

  1. China Shipbuilding Trading Co., Ltd
  2. DSME Co., Ltd
  3. GAS Entec
  4. Gaslog Ltd
  5. HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD.
  6. Knutsen OAS Shipping
  7. Komarine Co
  8. Mitsubishi Heavy Industries, Ltd.
  9. TGE Marine Gas Engineering GmbH
  10. Torgy LNG AS

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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