Rising Adoption of LNG as a Clean Energy Source Fuels Growth in Land Transportation LNG Tank Container Market, According to New Research Report

Published Date: May 2023

Land Transportation LNG Tank Container are specialized containers used for the transportation of liquefied natural gas by land. These containers are designed to store and transport LNG at extremely low temperatures, typically between -160°C and -196°C, making them an essential part of the global LNG supply chain. LNG tank containers are typically made of high-quality materials such as stainless steel, aluminum, or carbon steel, which are chosen for their durability and ability to withstand extreme temperatures. They are insulated with advanced insulation materials such as vacuum insulation panels or multi-layered insulation systems to maintain the low temperature of the LNG.

Land Transportation LNG Tank Containers are becoming increasingly popular in the transportation industry due to their ability to transport large quantities of LNG safely and efficiently. LNG is generally less expensive than diesel and gasoline, which has led to increased demand from industries looking to reduce their operating costs. Further, the growth of Land Transportation LNG Tank Containers has been driven by a combination of economic, environmental, and technological factors and as these trends continue, the demand for Land Transportation LNG Tank Container Market is likely to continue to grow.

The report “Land Transportation LNG Tank Container Market, By Type (< 25 ft, 25-40 ft, and > 40 ft), By Application (Road, and Railway)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

  • In December 2022, COSCO Shipping has provided LNG tank containers for Liquefied Natural Gas (LNG) import from Canada. Supply chain services like shipping, ground transportation, and customs clearance were offered by COSCO SHIPPING Freight. LNG tank containers offer versatile solutions for end-user LNG storage and transportation while integrating energy storage and transportation to supplement the energy reserve for peak shaving and lower overall operating costs.
  • In November 2021, Tiger Gas (Shanghai) launched the world’s best largest LNG tank container ship named “Tiger Maanshan”. About 700 LNG ISO tank containers, or roughly 15,000 tonnes of LNG, are transported by this ship.

Analyst View:

The demand for cleaner-burning fuels is anticipated to increase further as the governments throughout the world enact stronger limits on greenhouse gas emissions and air pollution. LNG is a desirable alternative to conventional fossil fuels for businesses aiming to lower their carbon impact because it burns cleaner. In emerging markets, where there is a rising need for cleaner-burning fuels and a desire to lessen reliance on conventional fossil fuels, the use of LNG as a fuel is anticipated to rise. The future demand growth of land transportation LNG tank containers is expected to be strong driven by a combination of economic, environmental, and technological factors and also it is expected to fuel the growth of Land Transportation LNG Tank Container Market within the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Land Transportation LNG Tank Container Market, By Type (< 25 ft, 25-40 ft, and > 40 ft), By Application (Road, and Railway)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Land Transportation LNG Tank Container Market accounted for US$ XX billion in 2022 and is estimated to be US$ XX billion by 2032 and is anticipated to register a CAGR of XX%. Land Transportation LNG Tank Container Market is segmented based on Type, Application and Region.

  • Based on Type, Land Transportation LNG Tank Container Market is segmented into < 25 ft, 25-40 ft, and > 40 ft.
  • Based on Application, Land Transportation LNG Tank Container Market is segmented into Road, and Railway.
  • By Region, the Land Transportation LNG Tank Container Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Land Transportation LNG Tank Container Market:

The prominent players operating in the Land Transportation LNG Tank Container Market includes, M1 Engineering, CIMC, Bewellcn Shanghai, Rootselaar Group, Corban Energy Group, FURUISE, Uralcryomash, UBH International, Air Water Plant & Engineering, and LUXI Group.

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