North America Gas Carrier Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.3 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The North American gas carrier market is experiencing significant growth, driven by the increasing demand for liquefied natural gas (LNG) and liquefied petroleum gas (LPG) transportation. This surge is largely attributed to the region's expanding energy production and the North America shift towards cleaner fuel alternatives.
Key Applications of Gas Carriers in North America:
LNG Transportation: The United States has emerged as a leading LNG exporter, necessitating a robust fleet of carriers to transport LNG to international markets. The expansion of U.S. LNG export terminals is projected to require an additional 400 specialized vessels to meet North America demand.
LPG Transportation: With the rise in shale gas production, North America has become a significant exporter of LPG. Very Large Gas Carriers (VLGCs) are essential for transporting LPG to regions like Asia-Pacific, where demand is high.
Domestic Distribution: Gas carriers also play a crucial role in distributing LNG and LPG within North America, ensuring energy availability across various states and provinces.
Industry Requirements and Trends:
Fleet Expansion and Modernization: To keep pace with the growing export demands, companies are investing in expanding and modernizing their fleets. For instance, Pertamina International Shipping plans to double its fleet over the next decade, focusing on LNG transportation.
Advanced Propulsion Systems: Modern gas carriers are equipped with efficient propulsion systems, enhancing fuel efficiency and reducing operational costs. This technological advancement is becoming a standard requirement in the industry.
Environmental Compliance: Stricter environmental regulations necessitate that gas carriers adopt cleaner fuels and technologies. Companies are exploring alternative fuels such as biofuel, methanol, hydrogen, and ammonia to meet decarbonization goals.
Safety Standards: Transporting LNG and LPG involves inherent risks. Therefore, adherence to stringent safety protocols and regular crew training are paramount to prevent accidents and ensure safe operations.
In my professional experience within the maritime industry, I've observed firsthand the rapid advancements in gas carrier technologies and the emphasis on environmental sustainability. Collaborating with industry stakeholders, it's evident that the North American gas carrier market is poised for continued growth, driven by technological innovation and a commitment to meeting North America energy needs responsibly.
North America Gas Carrier Market
Get an In-Depth Research Analysis of the North America Gas Carrier Market Size And Forecast [2025-2032]
Samsung Heavy Industries
Hudong Zhonghua
Wison
Sembcorp Marine
Keppel Offshore & Marine
MHI Nagasaki
Fiskerstrand
Knutsen Group
Hyundai Mipo
Daewoo Shipbuilding & Marine Engineering
Mitsui O.S.K. Lines
Hyundai Heavy Industries
Namura Shipbuilding
Hyundai Samho Heavy Industries
Barkmeijer Stroobos BV
Damen Shipyard
Meyer Werft
Kawassaki HI Sakaide
Meyer Turku
Stx Shipbuilding
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the North America Gas Carrier Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the North America Gas Carrier Market
Inland Waterway Transport
Outer Waterway Transport
Based on Types the Market is categorized into Below types that held the largest Gas Carrier market share In 2023.
Liquefied Petroleum Gas Carrier (LPG Carrier)
Liquefied Natural Gas Carrier (LNG Carrier)
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Gas Carrier Market Research Analysis
1. Introduction of the North America Gas Carrier Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Gas Carrier Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Gas Carrier Market, By Type
6. North America Gas Carrier Market, By Application
7. North America Gas Carrier Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Gas Carrier Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading North America Research and Consulting firm servicing over 5000+ North America clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/