Spain Lpg Tanker Market Size & Outlook, 2022-2030
Spain lpg tanker market, 2017-2030 (US$M)
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Spain lpg tanker market highlights
- The Spain lpg tanker market generated a revenue of USD 7.6 million in 2022 and is expected to reach USD 10.4 million by 2030.
- The Spain market is expected to grow at a CAGR of 4% 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 7.6 million |
| Market revenue in 2030 | USD 10.4 million |
| Growth rate | 4% (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, Spain accounted for 4.0% 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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Spain 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 30.26% in 2022. Horizon Databook has segmented the Spain 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.
Like other European countries, Spain has also adopted LPG in various applications such as oil & gas, petrochemical, and power generation to fight environmental pollution and move toward sustainable development. Players operating in Spain are banking upon aggressive marketing and innovation strategies to develop the different markets like LPG fueling stations, LPG as a feedstock in power generation, LPG in HVAC systems.
The demand for LPG as an auto fuel is on the rise in the country owing to the low taxes on LPG and government initiatives to promote the use of LPG over diesel and gasoline. The number of LPG filling stations has been increasing year on year, leading to an increased demand for LPG and LPG tankers.
The presence of established companies offers more scope for research & development in energy sector, which can promote market growth at an exponential rate. Increasing demand for a clean and better living environment has increased the consumption of LPG in applications such as oil & gas, petrochemical, and power generation in the country. This is expected to boost the demand for LPG tankers over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain lpg tanker market , including forecasts for subscribers. This country databook contains high-level insights into Spain lpg tanker market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Spain lpg tanker market size, by vessel size, 2017-2030 (US$M)
Spain LPG Tanker Market Outlook Share, 2022 & 2030 (US$M)
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