Global LNG Bunkering Market Research Report 2023(Status and Outlook)

Global LNG Bunkering Market Research Report 2023(Status and Outlook)

Report Overview

Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport.

LNG is an attractive fuel choice for many vessels because it exceeds the air quality standards set forth. It takes up about 1/600th the volume of natural gas in the gaseous state. It is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia.

The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately −162 °C (−260 °F); maximum transport pressure is set at around 25 KPa (4 psi).

LNG Bunkering is a particular type of operation where LNG fuel is transferred from a given distribution source to a LNG fuelled ship. It involves the participation of different stakeholders, from the ship-side, LNG supplier, ports, safety personnel, administrations and policy makers. In this report, LNG bunkering only refers to LNG bunkering fuel.

The major players in global LNG Bunkering market include Skangas, Shell (Gasnor), Statoil, etc. The top 3 players occupy about 50% shares of the global market. Europe and Asia-Pacific are main markets, they occupy about 75% of the global market. Truck-to-Ship is the main type, with a share about 70%. Ferries & OSV is the main application, which holds a share about 40%.

The Global LNG Bunkering Market Size was estimated at USD 975.00 million in 2022 and is projected to reach USD 36066.86 million by 2029, exhibiting a CAGR of 67.50% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global LNG Bunkering market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global LNG Bunkering Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the LNG Bunkering market in any manner.

Global LNG Bunkering Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Gasum

Shell (Gasnor)

Equinor

Barents Naturgass

Engie

Bomin and Linde

Eni Norge

Harvey Gulf

Polskie LNG

Korea Gas Corp

Gaz Metro

Market Segmentation (by Type)

Truck-to-Ship

Ship-to-Ship

Port-to-Ship

Others

Market Segmentation (by Application)

Packaging Industry

Automotive Industry

Building And Construction Industry

Footwear Industry

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the LNG Bunkering Market

Overview of the regional outlook of the LNG Bunkering Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors