LNG Marine Bunkering Market Trends, Opportunities, and Forecast by 2031

MARKET INTRODUCTION

LNG is a potential solution for meeting these requirements owing to its negligible sulfur content, and its combustion produces low NOx compared to fuel oil and marine diesel oil. LNG is not only a cleaner-burning fuel, but has economic advantages on a calorific value basis.

MARKET DYNAMICS

Increase in ocean-borne trade, especially in ton-km travelled, and the lower cost of LNG bunker fuel than other variants of ECA-compliant fuels are the factors that drive the growth of the global LNG bunkering market. However, the demand-supply gap for LNG bunkering is expected to increase with the implementation of IMO regulations; hence, supply must expand rapidly to meet global demand and premium priced Asia-Pacific demand in particular.

MARKET SCOPE

The "Global LNG Marine Bunking Market Analysis to 2031" is a specialized and in-depth study of the LNG marine bunking market with a special focus on the global market trend analysis. The report aims to provide an overview of LNG marine bunking market with detailed market segmentation by product, end user. The global LNG marine bunking market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading LNG marine bunking market players and offers key trends and opportunities in the LNG marine bunking market.

MARKET SEGMENTATION

The global LNG marine bunking market is segmented on the basis of product, end user. On the basis of product, the market is segmented as truck-to-ship, ship-to-ship, port-to-ship, portable tanks. On the basis of end user, the market is segmented as container vessels, cruise-ships, bulk carriers, ferries, offshore support vessels (OSVS).

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global LNG marine bunking market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The LNG marine bunking market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting LNG marine bunking market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the LNG marine bunking market in these regions.

MARKET PLAYERS

The reports cover key developments in the LNG marine bunking market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from LNG marine bunking market are anticipated to lucrative growth opportunities in the future with the rising demand for LNG marine bunking market. Below mentioned is the list of few companies engaged in the LNG marine bunking market.

The report also includes the profiles of key LNG marine bunking market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   American Gas Association
  
•   Eagle LNG
  
•   EVOL LNG
  
•   Gasum Oy
  
•   Gazprom Neft PJSC
  
•   Harvey Gulf International Marine, LLC
  
•   Pavilion Energy Pte Ltd
  
•   PETRONAS LNG Limited
  
•   Shell International B.V.
  
•   Titan LNG
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

LNG Marine Bunkering Report Scope