Market Overview:
The global LNG tanks market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LNG as a fuel source for marine transportation and land transportation. Additionally, the growing demand for LNG in emerging economies is also contributing to the growth of this market. North America is expected to lead the global LNG tanks market during the forecast period, followed by Europe and Asia Pacific. Latin America and Middle East & Africa are expected to experience high growth rates during the forecast period.
Product Definition:
LNG tanks are the storage tanks used to store liquefied natural gas. The importance of LNG tanks is that they provide a safe and secure way to store large quantities of liquefied natural gas.
< 25 ft:
The term < 25 ft is used for measuring the depth of a vessel below the lowest point where the usable floor space on deck is less than 25 feet. The LNG tanks market size was valued at USD 1,64,000 million in 2016 and it's expected to grow at an estimated CAGR of XX% over the forecast period.
25-40 ft:
25-40 ft is the size of a standard LNG tanker. It measures 25' to 40' in length and has a capacity of approximately 80,000 cubic meters. The 25-40 ft range is commonly used for transportation of liquid natural gas (LNG).
The global LNG trade increased rapidly from 2012 to 2016 owing to growing demand in Asia Pacific and Europe regions.
Application Insights:
The global demand for LNG vehicles is expected to grow on account of the increasing number of fueling stations and growing awareness regarding environment-friendly transportation solutions. The use of LNG in marine transport applications accounted for a major share in 2017 owing to the availability of various types, grades and sizes of vessels that utilize this fuel.
LNG has gained popularity as an alternative fuel source with regard to its cleaner combustion quality compared to other fuels such as gasoline or diesel. This factor is projected to drive its demand from land transportation applications over the forecast period due to stringent government regulations regarding vehicle emissions across various regions coupled with rising consumer awareness about reducing vehicle emissions through technological advancements and cleaner fuels sources. Increasing investments by companies including Toyota Group, Honda Motor Co., Ltd., Nissan Motors Ltd., Suzuki Motor Corp.
Regional Analysis:
Asia Pacific dominated the global LNG tanks market in 2016 and is expected to continue its dominance over the forecast period. The region has a large number of upcoming projects, which are likely to be completed by 2020. These projects include expansion of existing terminals such as Gungahol (Japan), Kishiwada LNG Terminal (Japan), Petronet LNG (India) and Nansha Port Group (China). This will lead to an increase in demand for storage facilities for these liquefied gases, thereby driving the global market growth.
North America is anticipated to witness significant growth over the forecast period owing to increasing imports of natural gas across pipeline systems such as Trans-Alaska Pipeline System, Northern Border Pipeline and Canada's portion of Alaskan North Slope pipeline system. In addition, growing exports from U.S.
Growth Factors:
- Increasing demand for natural gas as a fuel source for electricity generation and transportation
- Rapid growth in the number of LNG-powered vehicles worldwide
- Stringent environmental regulations that favor the use of cleaner-burning fuels such as natural gas
- The development of new LNG export terminals and pipelines that will increase global supply
- Growing interest in using LNG as a fuel for maritime transportation
Scope Of The Report
Report Attributes
Report Details
Report Title
LNG Tanks Market Research Report
By Type
< 25 ft, 25-40 ft, > 40 ft
By Application
Marine Transpotaion, Land Transportation
By Companies
CIMC, Rootselaar Group, FURUISE, Uralcryomash, UBH International, M1 Engineering, Air Water Plant & Engineering, LUXI Group, Corban Energy Group, Bewellcn Shanghai
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global LNG Tanks Market Report Segments:
The global LNG Tanks market is segmented on the basis of:
Types
< 25 ft, 25-40 ft, > 40 ft
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Marine Transpotaion, Land Transportation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CIMC
- Rootselaar Group
- FURUISE
- Uralcryomash
- UBH International
- M1 Engineering
- Air Water Plant & Engineering
- LUXI Group
- Corban Energy Group
- Bewellcn Shanghai
Highlights of The LNG Tanks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- < 25 ft
- 25-40 ft
- > 40 ft
- By Application:
- Marine Transpotaion
- Land Transportation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LNG Tanks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LNG tanks are large, cylindrical containers used to store liquefied natural gas.
Some of the key players operating in the lng tanks market are CIMC, Rootselaar Group, FURUISE, Uralcryomash, UBH International, M1 Engineering, Air Water Plant & Engineering, LUXI Group, Corban Energy Group, Bewellcn Shanghai.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LNG Tanks Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 LNG Tanks Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 LNG Tanks Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the LNG Tanks Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global LNG Tanks Market Size & Forecast, 2018-2028 4.5.1 LNG Tanks Market Size and Y-o-Y Growth 4.5.2 LNG Tanks Market Absolute $ Opportunity
Chapter 5 Global LNG Tanks Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 LNG Tanks Market Size Forecast by Type
5.2.1 < 25 ft
5.2.2 25-40 ft
5.2.3 > 40 ft
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LNG Tanks Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 LNG Tanks Market Size Forecast by Applications
6.2.1 Marine Transpotaion
6.2.2 Land Transportation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LNG Tanks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LNG Tanks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America LNG Tanks Analysis and Forecast
9.1 Introduction
9.2 North America LNG Tanks Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America LNG Tanks Market Size Forecast by Type
9.6.1 < 25 ft
9.6.2 25-40 ft
9.6.3 > 40 ft
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America LNG Tanks Market Size Forecast by Applications
9.10.1 Marine Transpotaion
9.10.2 Land Transportation
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe LNG Tanks Analysis and Forecast
10.1 Introduction
10.2 Europe LNG Tanks Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe LNG Tanks Market Size Forecast by Type
10.6.1 < 25 ft
10.6.2 25-40 ft
10.6.3 > 40 ft
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe LNG Tanks Market Size Forecast by Applications
10.10.1 Marine Transpotaion
10.10.2 Land Transportation
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific LNG Tanks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LNG Tanks Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific LNG Tanks Market Size Forecast by Type
11.6.1 < 25 ft
11.6.2 25-40 ft
11.6.3 > 40 ft
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific LNG Tanks Market Size Forecast by Applications
11.10.1 Marine Transpotaion
11.10.2 Land Transportation
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America LNG Tanks Analysis and Forecast
12.1 Introduction
12.2 Latin America LNG Tanks Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America LNG Tanks Market Size Forecast by Type
12.6.1 < 25 ft
12.6.2 25-40 ft
12.6.3 > 40 ft
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America LNG Tanks Market Size Forecast by Applications
12.10.1 Marine Transpotaion
12.10.2 Land Transportation
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) LNG Tanks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LNG Tanks Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) LNG Tanks Market Size Forecast by Type
13.6.1 < 25 ft
13.6.2 25-40 ft
13.6.3 > 40 ft
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) LNG Tanks Market Size Forecast by Applications
13.10.1 Marine Transpotaion
13.10.2 Land Transportation
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LNG Tanks Market: Competitive Dashboard
14.2 Global LNG Tanks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CIMC
14.3.2 Rootselaar Group
14.3.3 FURUISE
14.3.4 Uralcryomash
14.3.5 UBH International
14.3.6 M1 Engineering
14.3.7 Air Water Plant & Engineering
14.3.8 LUXI Group
14.3.9 Corban Energy Group
14.3.10 Bewellcn Shanghai