Market Dynamics

An increase in demand for cleaner fuels is expected to drive the growth of Global LNG Bunkering market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Bunkering is the practice of supplying fuel to a ship for its own consumption. This operation is generally located at seaports and they contain the storage of "bunker" fuel and the provision of the fuel to vessels. The shipping industry is facing stringent government regulations to reduce chemical emissions and maintain sustainability. Because of this reason LNG vessels are increasing in the shipping industry. Liquefied Natural Gas (LNG) contains low sulfur which results it emits low pollutants as compared to other gases.

Segment Analysis

By product type, this market is segmented into portable tanks, ship-to-ship, truck-to-ship, port-to-ship. The ship-to-ship segment is expected to rapidly grow due to ship-to-ship operations are feasible for all types of vessels. This operation can be done within less time due to its feasibility. On the basis of end-user is categories into ferries, bulk & general cargo fleet, offshore support vessels, cruise-ships, tanker fleet, container fleet. The global LNG bunkering market is anticipated to boom in Europe because of Norway is considered as the biggest bunking center, as it offers more than 18,000 LNG bunk stations. Also, this market is expected to grow rapidly in the Asia-Pacific region due to this region is considered as a manufacturing hub, due to this, manufacturing activities in this region have a high demand for energy.

Regional Analysis

The regional outlook for the global LNG bunkering market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for the global LNG bunkering market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of the global LNG bunkering market in these regions. Some of the major countries covered in this region include the US, Germany, UK, France, Italy, Canada, and so on. Asia Pacific has estimated one of the fastest-growing regions for the global LNG bunkering market during the forecast period. Some of the fastest-growing economies and increasing demand for energy & power to cater to high population & industries are expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. The rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Key Factors Impacting Market Growth:

• Growing marine logistics business

• Increase in demand for cleaner fuels

Companies Covered: Gazpromneft Marine Bunker LLC, Royal Dutch Shell PLC, Bomin Linde LNG GmbH & Co. KG, Skangass AS, Korea Gas Corporation, Harvey Gulf International Marine LLC, ENGIE, Polskie LNG SA, Eagle LNG Partners, and ENN Group...

Market Segmentation:

By Product Type:

• Portable Tanks

• Ship-to-ship

• Truck-to-ship

• Port-to-ship

By End User:

• Ferries

• Bulk & General Cargo Fleet

• Offshore Support Vessels

• Cruise-ships

• Tanker Fleet

• Container Fleet

By Region:

• North America

• By Country (US, Canada, Mexico)

• By Product Type

• By End User

• Western Europe

• By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

• By Product Type

• By End User

• Eastern Europe

• By Country (Russia, Turkey, Rest of Eastern Europe)

• By Product Type

• By End User

• Asia Pacific

• By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

• By Product Type

• By End User

• Middle East

• By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

• By Product Type

• By End User

• Rest of the World

• By Region (South America, Africa)

• By Product Type

• By End-User

Reasons To Buy This Report:

• Market size estimation of the global LNG bunkering market on a regional and global basis

• The unique research design for market size estimation and forecast

• Profiling of major companies operating in the market with key developments

• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment

• By Sub-segment

• By Region/Country

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