Global LNG Bunkering Market Growth 2023-2029

Global LNG Bunkering Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “LNG Bunkering Industry Forecast” looks at past sales and reviews total world LNG Bunkering sales in 2022, providing a comprehensive analysis by region and market sector of projected LNG Bunkering sales for 2023 through 2029. With LNG Bunkering sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LNG Bunkering industry.
This Insight Report provides a comprehensive analysis of the global LNG Bunkering landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LNG Bunkering portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LNG Bunkering market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LNG Bunkering and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LNG Bunkering.
The global LNG Bunkering market size is projected to grow from US$ 988 million in 2022 to US$ 2105.1 million in 2029; it is expected to grow at a CAGR of 2105.1 from 2023 to 2029.
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%.
This report presents a comprehensive overview, market shares, and growth opportunities of LNG Bunkering market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Truck-to-Ship
Ship-to-Ship
Port-to-Ship
Others
Segmentation by application
Container Vessels
Tanker Vessels
Bulk & General Cargo Vessels
Ferries & OSV
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Gasum
Shell (Gasnor)
Equinor
Barents Naturgass
Engie
Bomin and Linde
Eni Norge
Harvey Gulf
Polskie LNG
Korea Gas Corp
Gaz Metro
Key Questions Addressed in this Report
What is the 10-year outlook for the global LNG Bunkering market?
What factors are driving LNG Bunkering market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do LNG Bunkering market opportunities vary by end market size?
How does LNG Bunkering break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.