The report provides a comprehensive analysis of segments in the LNG Bunkering Market, covering all the major regions and countries. The major regions analyzed in the study are North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The report also includes additional information about other factors such as drivers, restraints and challenges faced by this market along with an overview for each mentioned segment in the study.
Global LNG Bunkering Market is valued approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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Key Companies Covered in the LNG Bunkering Market Research are Broadview Energy Solutions B.V., Crowley Maritime Corporation, Exxon Mobil Corporation, Gasum Oy, Harvey Gulf International Marine, Klaw Lng, Korea Gas Corporation, Petroliam Nasional Berhad (Petronas), Polskie Lng S.A., Royal Dutch Shell Plc and other key market players.
The LNG Bunkering can be defined as the practice of providing liquefied natural gas fuel to a ship for its own use. The LNG as a fuel offers several advantages such as reduction in pollution as compared to other traditional fuels such as heavy fuel oil, marine diesel fuel (MDO) and marine gas oil (MGO). Different. The growing adoption of LNG carriers worldwide and rising concern over environmental pollution as well as strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to SEA-LNG (A multi-sector industry coalition) – during 2020, globally the number of LNG-fueled ships were estimated at 175 and order for over new 200 ships placed. Further, as per estimation around 10%-20% of the new orders booked would be LNG-fueled carriers. Furthermore, strategic initiatives from leading market players including new capacity expansion would influence the growth of the Market in forecast period.
For instance, in December 2021, Total Energies signed an agreement with the Ministry of Energy and Minerals of the Sultanate of Oman for the sustainable development of the country’s natural gas resources. Under the partnership both the players Would setup an integrated company between Total Energies (80%) and Oman National Oil Company, OQ (20%) named Marsa LNG. Marsa LNG would work towards the production of LNG for bunker fuel. Moreover, in March 2022, Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries, Ltd. (MHI) Group entered in a contract with KEYS Bunkering West Japan Co., Ltd. for construction of a liquefied natural gas (LNG) bunkering vessel. This new vessel would be the first to operate in western Japan region. Also, growing LNG bunkering infrastructure development activities as well as rising cross border trade in post covid era are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a slow penetration rate and availability of substitutes impede the growth of the market over the forecast period of 2022-2028.
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The key regions considered for the global LNG Bunkering Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing number of LNG Fleet carriers and leading LNG bunkering vendors. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of maritime sector and increasing penetration of leading market players in the region, would create lucrative growth prospects for the global LNG Bunkering Market across the Asia Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Type
Truck-to-Ship
Port-to-Ship
Ship-to-Ship
Portable Tanks
By Application
Container Fleet
Tanker Fleet
Cargo Fleet
Ferries
Inland Vessels
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Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Table of content
Market Overview
Market Definition and Scope
Market Dynamics
Market Industry Analysis
Market, Regional Analysis
Analysis of Leading Companies
Competitive Intelligence
Research Process
Market Analysis and Forecast, By Product Types
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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