Global LNG Bunkering Vessel Market Growth 2023-2029

Global LNG Bunkering Vessel Market Growth 2023-2029

LNG Bunkering is the practice of providing liquefied natural gas fuel to a ship for its own consumption. The key advantage of LNG as a fuel is the vast reduction in pollutant caused by the more traditional method of fueling ships such as heavy fuel oil, marine diesel fuel (MDO) and marine gas oil (MGO). LNG bunkering Vessels are used for refueling LNG-powered vessels at sea.

LPI (LP Information)' newest research report, the “LNG Bunkering Vessel Industry Forecast” looks at past sales and reviews total world LNG Bunkering Vessel sales in 2022, providing a comprehensive analysis by region and market sector of projected LNG Bunkering Vessel sales for 2023 through 2029. With LNG Bunkering Vessel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LNG Bunkering Vessel industry.

This Insight Report provides a comprehensive analysis of the global LNG Bunkering Vessel 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 Vessel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LNG Bunkering Vessel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LNG Bunkering Vessel 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 Vessel.

The global LNG Bunkering Vessel market size is projected to grow from US$ 425.8 million in 2022 to US$ 2210.1 million in 2029; it is expected to grow at a CAGR of 2210.1 from 2023 to 2029.

Global top three LNG bunkering vessel manufacturers include CIMC, Keppel Offshore & Marine, and Hudong Zhonghua Shipbuilding, with a total market share of about 90%. The largest manufacturer is CMIC, with a market share of more than 40%. South Korea is the global leading LNG bunkering vessel producing area. In terms of type, large-scale has a market share of over 45%. In the application field, the market share of vessel charter accounts for more than 70%.

This report presents a comprehensive overview, market shares, and growth opportunities of LNG Bunkering Vessel market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Small-scale
Medium-scale
Large-scale

Segmentation by application
Self-use
Vessel Charter

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.
CMIC
Sembcorp Marine
Hyundai Heavy Industries
Keppel Offshore & Marine
Hudong-Zhonghua Shipbuilding
Damen ShipyardsGroup
Kawasaki Heavy Industries
Japan Marine United Corporation
K Shipbuilding
Royal Bodewes
HJ Shipbuilding & Construction
Tai zhou Wuzhou Shipbuilding Industry co , Ltd

Key Questions Addressed in this Report

What is the 10-year outlook for the global LNG Bunkering Vessel market?

What factors are driving LNG Bunkering Vessel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do LNG Bunkering Vessel market opportunities vary by end market size?

How does LNG Bunkering Vessel 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.