LNG Carrier Market Size

LNG Carrier Market size was over USD 13.37 billion in 2024 and is anticipated to cross USD 25.84 billion by 2037, witnessing more than 5.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of LNG carrier is assessed at USD 13.93 billion. The widespread adoption of clean energy sources and the rising importance of liquefied natural gas (LNG) in the global energy market is majorly augmenting the growth of the market.

The adoption of stringent emission regulations worldwide is driving the demand for LNG not only in the industrial sectors but also is elevating in the commercial and residential sectors. Moreover, with the increasing demand for energy and the gradual depletion of global oil reserves worldwide, alternative energy options such as liquefied natural gas (LNG) are rapidly being explored and traded. Hence, this is creating numerous opportunities for the LNG carrier vessels. According to recent data, the year 2022 saw 162 new orders for LNG carriers, which was more than 99 orders ascertained in 2021.