Global LNG Tank Container Market 2017-2021

  • ID: 4390847
  • Report
  • Region: Global
  • 81 pages
  • TechNavio
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FEATURED COMPANIES

  • Bewellcn Shanghai Co.
  • CIMC
  • Cryeng Group
  • Furuise Europe
  • LUXI Engineering Co.
  • THE ROOTSELAARGROUP
  • MORE

About LNG Tank Container

An LNG storage tank is a specific storage tank used for storing Liquefied Natural Gas (LNG). It can be utilized for the transportation of LNG through waterways and land. The main property of LNG storage tanks is their ability to store LNG at a temperature of -260°F. LNG storage tanks generally have double containers, where the inner part contains LNG and the outer part comprises insulation materials for maintaining the temperature. These tanks vary in size, depending on their use.

The analysts forecast the global LNG tank container market to grow at a CAGR of 6.83% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global LNG tank container market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of LNG container services to oil and gas extraction industrial companies for carrying LNG between various regions.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

The report, Global LNG Tank Container Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Chart
  • CIMC
  • Cryeng Group
  • Furuise Europe
  • Uralcryomash JSC

Other prominent vendors

  • AIR WATER PLANT & ENGINEERING
  • Bewellcn Shanghai Co.
  • Corban Energy Group
  • Cryocan
  • Hitachi High-Tech AW Cryo
  • LUXI Engineering Co.
  • M1 Engineering,
  • THE ROOTSELAARGROUP
  • UBH International.

Market drivers

  • Increasing intermodal freight transportation
  • For a full, detailed list, view the full report

Market challenges

  • Trade imbalance causes low back-haul utilization rate
  • For a full, detailed list, view the full report

Market trends

  • Decreased operational cost of LNG logistics carrier due to low crude oil price
  • For a full, detailed list, view the full report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.

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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Bewellcn Shanghai Co.
  • CIMC
  • Cryeng Group
  • Furuise Europe
  • LUXI Engineering Co.
  • THE ROOTSELAARGROUP
  • MORE

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Five forces analysis

PART 06: Market segmentation by transportation

  • Global LNG tank container market by transportation type
  • Global LNG tank container market by marine transportation
  • Global LNG tank container market by land transportation

PART 07: Geographical segmentation

  • Global LNG tank container market by geography
  • LNG tank container market in EMEA
  • LNG tank container market in APAC
  • LNG tank container market in Americas
  • PART 08: Decision framework
  • PART 09: Drivers and challenges
  • Market drivers
  • Market challenges

PART 10: Market trends

  • Decreased operational cost of LNG logistics carrier due to low crude oil price
  • Cost reduction by using high-capacity vessels
  • Rise in LNG liquefaction startups

PART 11: Key vendor analysis

  • Competitive scenario
  • Chart
  • CIMC
  • Cryeng Group
  • Furuise Europe
  • Uralcryomash JSC
  • Other prominent vendors

PART 12: Appendix

  • List of abbreviations

List of Exhibits
Exhibit 01: Global LNG tank container market overview
Exhibit 02: Global LNG tank container market 2016-2021 ($ millions)
Exhibit 03: Five forces analysis
Exhibit 04: Global LNG tank container market by type of transportation 2016-2021 (% revenue)
Exhibit 05: Global LNG tank container market by type of transportation 2017-2021 (Y-o-Y growth rate)
Exhibit 06: Global LNG tank container market by marine transportation 2016-2021 ($ millions)
Exhibit 07: Global LNG tank container market by land transportation 2016-2021 ($ millions)
Exhibit 08: Global LNG tank container market by geography 2017-2021 (Y-o-Y growth rate)
Exhibit 09: Global LNG tank container market by geography 2016-2021 (% revenue)
Exhibit 10: LNG tank container market in EMEA 2016-2021 ($ millions)
Exhibit 11: LNG tank container market in APAC 2016-2021 ($ millions)
Exhibit 12: LNG tank container market in Americas 2016-2021 ($ millions)
Exhibit 13: Crude oil price July 2013-April 2017 ($ per barrel)
Exhibit 14: Advantages of high-capacity vessels
Exhibit 15: Chart: Business segmentation 2016 (% revenue)
Exhibit 16: Chart: Geographical segmentation 2016 (% revenue)
Exhibit 17: CIMC: Business segmentation 2016 (% revenue)
Exhibit 18: CIMC: Geographical segmentation 2016 (% revenue)
Exhibit 19: Cryeng Group: Products and services
Exhibit 20: Furuise Europe: Product portfolio
Exhibit 21: Uralcryomash JSC: Product range
Exhibit 22: Uralcryomash JSC: Rail tank cars
Exhibit 23: Uralcryomash JSC: Tank containers

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FEATURED COMPANIES

  • Bewellcn Shanghai Co.
  • CIMC
  • Cryeng Group
  • Furuise Europe
  • LUXI Engineering Co.
  • THE ROOTSELAARGROUP
  • MORE
New Report Released: - Global LNG Tank Container Market 2017-2021

The author of the report recognizes the following companies as the key players in the global LNG tank container market: Chart, CIMC, Cryeng Group, Furuise Europe, and Uralcryomash JSC.

Other Prominent Vendors in the market are: AIR WATER PLANT & ENGINEERING, Bewellcn Shanghai Co., Corban Energy Group, Cryocan, Hitachi High-Tech AW Cryo, LUXI Engineering Co., M1 Engineering, THE ROOTSELAARGROUP, and UBH International.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Decreased operational cost of LNG logistics carrier due to low crude oil price. Crude oil prices have reduced drastically since 2013 from more than $100 per barrel to less than $50 per barrel in 2017. Due to the cut-down in crude oil prices, the operating cost of oil and gas logistics ship carriers has decreased and demand for oil tank containers has increased. For instance, the operating cost of the TFDE/DFDE LNG tanker was averaged more than $32,000/day during 2016, as compared to more than $36,000/day during 2015, which was a more than 6% decrease in the price.”

According to the report, one of the major drivers for this market is Increasing intermodal freight transportation. Shifting freight from over-the-road to intermodal has a cost saving of more than 20%. The infrastructure investments in intermodal facilities, including depots, container yards, and cargo terminals, are expected to grow during the forecast period, which will help intermodal with a more attractive option for shippers. The combination of road and marine for freight transportation is used for the intermodal freight transportation market. An intermodal freight shipment connects tank trucks to single hull and double hull tanker ships for transportation of oil and gas products, such as LNG. After reaching the terminus, oil and gas freight is distributed to the destination via trucks.

Further, the report states that one of the major factors hindering the growth of this market is Trade imbalance causes low back-haul utilization rate. Trade imbalance leads to lower vessel utilization in the back-haul direction. For example, Asia to Europe head-haul has a high utilization rate (more than 85%), but in 2016, the back-haul utilization rate ranged between 55%-75%, which is quite low. This is affecting the LNG tank container market in APAC, as back-haul LNG utilization rate is less than the head-haul rate.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Chart
  • CIMC
  • Cryeng Group
  • Furuise Europe
  • Uralcryomash JSC
  • AIR WATER PLANT & ENGINEERING
  • Bewellcn Shanghai Co.
  • Corban Energy Group
  • Cryocan
  • Hitachi High-Tech AW Cryo
  • LUXI Engineering Co.
  • M1 Engineering
  • THE ROOTSELAARGROUP
  • UBH International
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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