Russia Lpg Tanker Market Size & Outlook, 2022-2030
Russia lpg tanker market, 2017-2030 (US$M)
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Russia lpg tanker market highlights
- The Russia lpg tanker market generated a revenue of USD 11.2 million in 2022 and is expected to reach USD 20.9 million by 2030.
- The Russia market is expected to grow at a CAGR of 8.1% from 2023 to 2030.
- In terms of segment, very large gas carriers was the largest revenue generating vessel size in 2022.
- Large 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 11.2 million |
| Market revenue in 2030 | USD 20.9 million |
| Growth rate | 8.1% (CAGR from 2022 to 2030) |
| Largest segment | Very large gas carriers |
| Fastest growing segment | Large 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, Russia accounted for 5.9% 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 Europe, Russia lpg tanker market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 13.3 million by 2030.
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LPG Tanker Market Scope
LPG Tanker Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia 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 29.46% in 2022. Horizon Databook has segmented the Russia 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.
Russia has been identified as a major contributor to global the LPG tanker market, and it held 19.49% of the market share in the region in 2021. This is attributed to the vast LPG applications in the country, including oil & gas, petrochemical, and power generation. Russia represents a very attractive market for the development of energy sector.
Russia is one of the largest manufacturers of LPG in the world. The country has been exporting LPG through pipelines to other European countries. It has planned to expand its shipping infrastructure by upgrading the ports for LPG export. The LPG tanker market is expected to grow in the country as government initiatives like upgrading the port infrastructure are fulfilled and the amount of LPG being exported via sea is increasing.
The improved socio-economic conditions and modernization of consumption patterns in Russia are anticipated to propel the demand for LPG tankers in the country. These factors create enormous opportunities for the use of LPG tankers in Russia over the forecast period.
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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 Russia lpg tanker market , including forecasts for subscribers. This country databook contains high-level insights into Russia lpg tanker market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Russia lpg tanker market size, by vessel size, 2017-2030 (US$M)
Russia LPG Tanker Market Outlook Share, 2022 & 2030 (US$M)
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