LNG as a Bunker Fuel Market Size, Share, By Product (Portable Tanks, Port to Ship, Ship to Ship and Truck to Ship), Component (LNG Storage Tanks, Bunker Station, Control & Safety structures, Fuel Pumps, and Others), Vessel Type (Offshore Tugs & Services,

LNG as a Bunker Fuel Market Size, Share, By Product (Portable Tanks, Port to Ship, Ship to Ship and Truck to Ship), Component (LNG Storage Tanks, Bunker Station, Control & Safety structures, Fuel Pumps, and Others), Vessel Type (Offshore Tugs & Services, Ferries, Oil & Chemical Tankers, Container Ships, Gas Carriers, Bilk & General Cargo, and Others), and Region - Trends, Analysis, and Forecast till 2035

The LNG as a bunker fuel market size is projected to grow from US$ 0.66 billion in 2018 to US$ 1.57 billion by 2029, at 8.55% CAGR.

LNG as a Bunker Fuel market is expected to register lucrative growth over the forecast period. This is attributed to increasing environmentally friendly policies regarding the level of emission of sulfur.

Liquefied natural gas (LNG) as a bunker fuel has recently gained more attention in Europe, Asia Pacific, and the U.S. As LNG far outperforms conventional marine fuels on a local emissions basis, effectively insulating companies from the impact of future, more demanding, and regulations.

List of Key Players in the Market:

• Broadview Energy Solutions B.V.
• Arkas Holding
• Crowley
• Eagle LNG Partners
• Equinor ASA
• EVOL LNG
• Fluxys
• Gasum Ltd
• Harvey Gulf International Marine
• Naturgy
• Petroliam Nasional Berhad
• Petronet LNG Ltd.
• QLNG Transport LLC
• Shell plc
• TotalEnergies

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2025 to 2035.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
• Market intelligence to enable effective decision-making
• Growth opportunities and trend analyses
• Market estimates and forecasts from 2025 to 2035
• Segment and regional revenue forecasts for market assessment
• Competition strategy and market share analysis

Key Highlights:

• In October 2016, the International Maritime Organization affirmed its decision to implement a much tighter global sulfur cap of 0.5% on marine fuels from January 2020, which shifted the bunker manufacturers from traditional fuel to LNG fuel.
• In September 2015, China announced a five-year scheme to reduce SOx and NOx by up to 65% in three ECAs, which includes some of China’s major ports.

Key Market Insights from the report:

The market report has been segmented on the basis of navigation area, application, and region.

• By navigation area the global LNG as a Bunker Fuel market is segmented into inland waterways and ocean & sea, where the ocean & sea segment is expected to account for the highest share.
• By application the global LNG as a Bunker Fuel market is segmented into LNG ships and others. Where the LNG ships are projected to dominate the market.
• By region, the Europe market accounted for a major revenue share of the global LNG as a Bunker Fuels market and is further anticipated to maintain its dominance over the forecast period.

The prominent players operating in the global LNG as a Bunker Fuel market include Royal Dutch Shell Plc, Gasum Oy, Statoil ASA, Barents Natural Gas AS, The Linde Group, ENGIE SA, Korea Gas Corporation, Kunlun Energy Company Ltd., Eni s.p.A, CNOOC Limited, and Energize.

Segmentation:

By Product:

• Portable Tanks
• Port to Ship
• Ship to Ship
• Truck to Ship

By Component:

• LNG Storage Tanks
• Bunker Station
• Control and Safety Structures
• Fuel Pumps
• Others.

By Vessel Type:

• Hybrid Lens Offshore Tugs & Services
• Ferries
• Oil and Chemical Tankers
• Container Ships
• Gas Carriers
• Bilk and General Cargo
• Others.

By Region:

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• Indonesia
• Malaysia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• GCC
• Israel
• South Africa
• Rest of Middle East & Africa

Key Questions Answered:

• How is the LNG as a Bunker Fuel Market expected to evolve by 2035?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2035?
• Who are the leading players in the market, and what are their prospects?