India Lpg Tanker Market Size & Outlook, 2022-2030
India lpg tanker market, 2017-2030 (US$M)
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India lpg tanker market highlights
- The India lpg tanker market generated a revenue of USD 10.0 million in 2022 and is expected to reach USD 16.0 million by 2030.
- The India market is expected to grow at a CAGR of 6.1% from 2023 to 2030.
- In terms of segment, very large gas carriers was the largest revenue generating vessel size in 2022.
- Medium Gas Carriers is the most lucrative vessel size segment registering the fastest growth during the forecast period.
Lpg tanker market data book summary
| Market revenue in 2022 | USD 10.0 million |
| Market revenue in 2030 | USD 16.0 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Very large gas carriers |
| Fastest growing segment | Medium Gas Carriers |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Very Large Gas Carriers, Large Gas Carriers, Medium Gas Carriers, Small Gas Carriers |
| Key market players worldwide | BW LPG Ltd, Dorian LPG Ltd, Exmar NV, Kawasaki Heavy Industries Ltd, Mitsubishi Heavy Industries Ltd, Namura Shipbuilding Co Ltd, StealthGas Inc, Hyundai Heavy Industries, PT Pertamina, Great Eastern Shipping Co. |
Other key industry trends
- In terms of revenue, India accounted for 5.3% of the global lpg tanker market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China lpg tanker market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 16.0 million by 2030.
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LPG Tanker Market Scope
LPG Tanker Market Companies
| Name | Profile | # Employees | HQ | Website |
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India lpg tanker market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lpg tanker market will help companies and investors design strategic landscapes.
Very large gas carriers was the largest segment with a revenue share of 29% in 2022. Horizon Databook has segmented the India lpg tanker market based on very large gas carriers, large gas carriers, medium gas carriers, small gas carriers covering the revenue growth of each sub-segment from 2017 to 2030.
India is the third most significant country, in terms of growth for the LPG tanker market, in the Asia Pacific region. The country proves to be an important hub for both the production and consumption of LPG. In India, the demand for LPG tankers is driven majorly by the oil & gas, petrochemical, and power generation industries.
ndia is the third-largest oil and gas importing country in the world and imports of LPG have also witnessed a rise in order to keep up with the demand. Most of this LPG is transported through LPG tankers as it is the cheapest way of transportation. With increasing demand and low domestic production, the LPG tanker market is expected to see an increase in demand in the future.
The government has also implemented a scheme to connect 6 million households to LPG. With government initiatives and growth in the petrochemical industry, the demand for LPG is expected to rise. Hence, the country’s LPG tanker industry is expected to gain more momentum in the coming years.
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Our clientele includes a mix of lpg tanker market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India lpg tanker market , including forecasts for subscribers. This country databook contains high-level insights into India lpg tanker market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India lpg tanker market size, by vessel size, 2017-2030 (US$M)
India LPG Tanker Market Outlook Share, 2022 & 2030 (US$M)
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