Product Code: MRFR/E&P/6272-CR
LNG Bunkering Market Research Report Forecast to2027
Market Overview
The LNG Bunkering market industry is projected to register a CAGR of 45.13% during the review period. Increasingly shipping organizations are adopting energy-effective petrol systems are the key market drivers enhancing market growth. Market CAGR for LNG bunkering is being driven by the rising interest in energy-effective fuel systems across the globe. LNG bunkering is the technique of loading a boat with LNG for its own utilization. The essential improvement factor for the LNG bunkering market is expected to be stringent ecological guidelines regarding contamination from transport transportation.
Also, increasing quantities of vessels and boats are utilizing LNG because of the requirement for greener powers and stringent unofficial laws to diminish compound discharges. For instance, a 2020 International Oceanic Association (IMO) guideline expects boats to lessen their sulfur content in fuel from 4.5% to 3.5%. LNG enjoys a tremendous expense upper hand over ordinary energizes like flammable gas, and subsequently, a growing number of end purchasers are considering switching to LNG from customary powers like petroleum gas. LNG has high burning proficiency, is handily redeployed capable, and has a more modest volume than gaseous petrol, which makes its transportation and capacity less complex and generally savvier.
Market Segmentation
Container Fleet, Tanker Fleet, Cargo Fleet, Ferries, and Inland Vessels are included in the LNG Bunkering market segmentation based on Application.
Ferries, cruise ships, fleets of bulk and general cargo ships, offshore support vessels, and tanker fleets are all included in the LNG Bunkering market segmentation based on end-use.
Regional Insights
The North American LNG Bunkering market region will dominate this market since nations, for example, the US and Canada concentrate on seaward creation in unambiguous areas within their separate boundaries. Moreover, the ascent in the development of shale gas exercises adds to the extension of the market.
Europe's LNG Bunkering market represents the second-biggest market share because of increased exercises in the Unified Kingdom and Norway presents growth and valuable open doors for the region. Further, the German LNG Bunkering market held the biggest market share, and the UK LNG Bunkering market was the quickest developing market in the European region.
The Asia-Pacific LNG Bunkering Market is supposed to develop at the quickest CAGR from 2018 to2027. It is guessed that nations like India, China, and Singapore will push the marine exchange. Likewise, the nations are focusing on drafting stringent natural guidelines to diminish air contamination, as would be considered normal to support the utilization of LNG as a marine fuel. Additionally, China's LNG Bunkering market held the biggest market share, and the Indian LNG Bunkering market was the quickest developing market in the Asia-Pacific region.
Major Players
Key Companies in the LNG Bunkering market include Bomin Linde LNG, Barents Naturgass AS, GmbH & Co. KG, Gasnor AS, ENI Norge AS, Korea Gas Corp, Polskie LNG SA, Statoil ASA, Skangas AS, SEALNG Ltd, Harvey Gulf International Marine LLC, and LNG Bunkering Industry Developments.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL LNG BUNKERING MARKET, BY VESSEL TYPE
- 1.1.2 GLOBAL LNG BUNKERING MARKET, BY PRODUCT
- 1.1.3 GLOBAL LNG BUNKERING MARKET, BY REGION
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 DATA MINING
- 3.2 SECONDARY RESEARCH
- 3.3 PRIMARY RESEARCH
- 3.3.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS
- 3.3.2 BREAKDOWN OF PRIMARY RESPONDENTS
- 3.4 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION
- 3.4.1 BOTTOM-UP APPROACH
- 3.4.2 TOP-DOWN APPROACH
- 3.5 DATA VALIDATION
- 3.6 ASSUMPTIONS & LIMITATIONS
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 INCREASING DEMAND IN SHIPPING INDUSTRY
- 4.2.2 RISING PREFERENCE FOR SEABORNE TRADE
- 4.3 RESTRAINT
- 4.4 OPPORTUNITIES
- 4.4.1 HIGH OPPORTUNITY IN EMERGING COUNTRIES
- 4.4.2 REGULATORY APPROVALS FOR LNG BUNKERING TO BOOST MARKET EXPANSION
- 4.4.3 GROWING INNOVATION IN LNG BUNKERING
- 4.5 IMPACT OF CORONAVIRUS OUTBREAK ON GLOBAL MARKET
- 4.5.1 OVERVIEW
- 4.5.2 IMPACT ON THE GLOBAL LNG BUNKERING MARKET
- 4.5.3 IMPACT ON SUPPLY CHAIN OF LNG BUNKERING MARKET
- 4.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS
- 4.5.3.2 PRODUCTION SHUTDOWN
- 4.5.3.3 CASH FLOW CONSTRAINTS
- 4.5.3.4 IMPACT ON IMPORT/EXPORT
- 4.5.4 IMPACT OF MARKET DEMAND FOR LNG BUNKERING
- 4.5.4.1 IMPACT DUE TO LOCKDOWN
- 4.5.5 IMPACT ON PRICING LNG BUNKERING MARKET
5 MARKET FACTOR ANALYSIS
- 5.1 VALUE CHAIN ANALYSIS/SUPPLY CHAIN ANALYSIS
- 5.1.1 LNG BUNKERING MANUFACTURERS
- 5.1.2 DISTRIBUTION & SALES CHANNEL
- 5.1.3 END-USERS
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 BARGAINING POWER OF SUPPLIERS
- 5.2.2 BARGAINING POWER OF BUYERS
- 5.2.3 THREAT OF NEW ENTRANTS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY
6 GLOBAL LNG BUNKERING MARKET, BY VESSEL TYPE
- 6.1 INTRODUCTION
- 6.2 CONTAINER SHIPS
- 6.3 TANKERS
- 6.4 BULK AND GENERAL CARGO VESSEL
- 6.5 FERRIES AND OFFSHORE SUPPORT VESSEL
7 GLOBAL LNG BUNKERING MARKET, BY PRODUCT
- 7.1 INTRODUCTION
- 7.2 PORTABLE TANKS
- 7.3 PORT TO SHIP
- 7.4 SHIP TO SHIP
- 7.5 TRUCK SHIP
8 GLOBAL LNG BUNKERING MARKET, BY REGION
- 8.1 INTRODUCTION
- 8.2 NORTH AMERICA
- 8.2.1 US
- 8.2.2 CANADA
- 8.2.3 MEXICO
- 8.3 EUROPE
- 8.3.1 GERMANY
- 8.3.2 FRANCE
- 8.3.3 UK
- 8.3.4 ITALY
- 8.3.5 SPAIN
- 8.3.6 RUSSIA
- 8.3.7 REST OF EUROPE
- 8.4 ASIA PACIFIC
- 8.4.1 CHINA
- 8.4.2 JAPAN
- 8.4.3 INDIA
- 8.4.4 SOUTH KOREA
- 8.4.5 AUSTRALIA
- 8.4.6 INDONESIA
- 8.4.7 MALAYSIA
- 8.4.8 MYANMAR
- 8.4.9 PHILIPPINES
- 8.4.10 SINGAPORE
- 8.4.11 THAILAND
- 8.4.12 VIETNAM
- 8.4.13 REST OF ASIA PACIFIC
- 8.5 SOUTH AMERICA
- 8.5.1 BRAZIL
- 8.5.2 ARGENTINA
- 8.5.3 REST OF SOUTH AMERICA
- 8.6 MIDDLE-EAST AND AFRICA
- 8.6.1 SAUDI ARABIA
- 8.6.2 UAE
- 8.6.3 SOUTH AFRICA
- 8.6.4 EGYPT
- 8.6.5 IRAN
- 8.6.6 QATAR
- 8.6.7 REST OF MEA
9 COMPETITIVE LANDSCAPE
- 9.1 COMPETITIVE OVERVIEW
- 9.2 COMPETITOR DASHBOARD
- 9.3 MAJOR GROWTH STRATEGY IN THE GLOBAL LNG BUNKERING MARKET
- 9.4 COMPETITIVE BENCHMARKING
- 9.5 MARKET SHARE ANALYSIS
- 9.6 THE LEADING PLAYER IN TERMS OF NUMBER OF DEVELOPMENTS IN GLOBAL LNG BUNKERING MARKET
- 9.7 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 9.7.1 JOINT VENTURES, PARTNERSHIP, EXPANSION, INVESTMENT, CONTRACT, & COLLABORATION
- 9.7.2 EXPANSION
10 COMPANY PROFILES
- 10.1 ROYAL DUTCH SHELL PLC.
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 FINANCIAL OVERVIEW
- 10.1.3 PRODUCTS OFFERED
- 10.1.4 KEY DEVELOPMENTS
- 10.1.5 SWOT ANALYSIS
- 10.1.6 KEY STRATEGY
- 10.2 ENGIE
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 FINANCIAL OVERVIEW
- 10.2.3 PRODUCTS OFFERED
- 10.2.4 SWOT ANALYSIS
- 10.2.5 KEY STRATEGY
- 10.3 BOMIN LINDE LNG GMBH & CO. KG
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 PRODUCTS OFFERED
- 10.3.3 SWOT ANALYSIS
- 10.3.4 KEY STRATEGY
- 10.4 GASUM LTD
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 PRODUCTS OFFERED
- 10.4.3 KEY DEVELOPMENTS
- 10.4.4 SWOT ANALYSIS
- 10.4.5 KEY STRATEGY
- 10.5 GASNOR AS
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 PRODUCTS OFFERED
- 10.5.3 KEY DEVELOPMENTS
- 10.5.4 SWOT ANALYSIS
- 10.5.5 KEY STRATEGY
- 10.6 KOREA GAS CORPORATION
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.3 PRODUCTS OFFERED
- 10.6.4 KEY DEVELOPMENTS
- 10.6.5 SWOT ANALYSIS
- 10.6.6 KEY STRATEGY
- 10.7 HARVEY GULF INTERNATIONAL MARINE LLC
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 PRODUCTS OFFERED
- 10.7.3 SWOT ANALYSIS
- 10.7.4 KEY STRATEGY
- 10.8 POLSKIE LNG S.A.
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 PRODUCTS OFFERED
- 10.8.3 SWOT ANALYSIS
- 10.8.4 KEY STRATEGY
- 10.9 EAGLE LNG
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 PRODUCTS OFFERED
- 10.9.3 KEY DEVELOPMENTS
- 10.9.4 SWOT ANALYSIS
- 10.9.5 KEY STRATEGY
- 10.10 ENN ENERGY HOLDINGS LIMITED
- 10.10.1 COMPANY OVERVIEW
- 10.10.2 FINANCIAL OVERVIEW
- 10.10.3 PRODUCTS OFFERED
- 10.10.4 SWOT ANALYSIS
- 10.10.5 KEY STRATEGY
- 10.11 EVOL LNG
- 10.11.1 COMPANY OVERVIEW
- 10.11.2 PRODUCTS OFFERED
- 10.11.3 SWOT ANALYSIS
- 10.11.4 KEY STRATEGY
- 10.12 FJORD LINE
- 10.12.1 COMPANY OVERVIEW
- 10.12.2 PRODUCTS OFFERED
- 10.12.3 SWOT ANALYSIS
- 10.12.4 KEY STRATEGY
- 10.13 CROWLEY MARITIME CORPORATION
- 10.13.1 COMPANY OVERVIEW
- 10.13.2 PRODUCTS OFFERED
- 10.13.3 SWOT ANALYSIS
- 10.13.4 KEY STRATEGY
- 10.14 SHV ENERGY
- 10.14.1 COMPANY OVERVIEW
- 10.14.2 PRODUCTS OFFERED
- 10.14.3 SWOT ANALYSIS
- 10.14.4 KEY STRATEGY
- 10.15 GAZPROMNEFT MARINE BUNKER LLC
- 10.15.1 COMPANY OVERVIEW
- 10.15.2 PRODUCTS OFFERED
- 10.15.3 KEY DEVELOPMENTS
- 10.15.4 SWOT ANALYSIS
- 10.15.5 KEY STRATEGY
11 APPENDIX
- 16.1 REFERENCES
- 16.2 RELATED REPORTS