Market Overview:
The global LNG bunkering market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for LNG as a marine fuel due to its environmental benefits over traditional fuels such as diesel and heavy fuel oil. In addition, the stringent emissions regulations being implemented by various countries are also driving the demand for LNG bunkering. The truck-to-ship segment is expected to account for the largest share of the global LNG bunkering market in 2018, followed by ship-to-ship and port-to-ship segments. The container vessels segment is expected to account for the largest share of the global LNG bunkering market in terms of application in 2018, followed by tanker vessels and bulk & general cargo vessels segments.
Product Definition:
LNG bunkering is the process of transferring liquefied natural gas (LNG) from a storage tank to a ship. LNG bunkering is important because it allows ships to run on cleaner fuel, which reduces emissions and helps protect the environment.
Truck-to-Ship:
Truck-to-ship (TTS) is a process of converting a shipping container or trailer into an energy storage unit. It's done by adding an on-board generator and electric vehicle charging system to provide grid support for when the container is not in use. The electricity generated can either be used to charge the electric vehicle or it can be supplied to the local power grid.
Ship-to-Ship:
The ship-to-ship (STS) is a transaction between two vessels, where one party delivers goods to the other party. The transaction can be done either at the port or in open sea. In LNG bunkering, ships are used to deliver LNG from a vessel that possesses it into another one located in a different geographical location.
It is an effective way of delivering gas to another vessel without having any intermediate distribution system in between the supplier and destination vessel.
Application Insights:
Container vessels were the largest application segment and accounted for over 60.0% of the global market in 2017. Container ships are designed to transport LNG in large volumes, thereby reducing its cost per unit volume as compared to that of liquid petroleum gas (LPG). The growing demand for intermodal containers is expected to drive growth over the forecast period.
Tanker vessels are projected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing trade activities across various regions coupled with growing investments by foreign oil companies in China, India, South Korea and Japan as these countries have one of the largest potential markets for such investments due largely their rapid economic development along with increasing consumption requirements resulting from rising population.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for LNG from developing economies, such as China and India. Asia Pacific was followed by Europe in terms of growth rate owing to stringent environmental regulations regarding greenhouse gas emissions coupled with growing demand for cleaner fuel alternatives such as natural gas. North America emerged as a prominent region in 2016 and is anticipated to grow at a CAGR of XX% over the forecast period owing to rising shale gas production that has resulted into lowering prices of LNG across global markets thereby attracting more players toward this region.
Latin America also presents significant opportunities due its geographical proximity towards major consuming countries, such as U.S.
Growth Factors:
- Increasing demand for LNG as a marine fuel due to its environmental benefits over traditional fuels such as heavy fuel oil and diesel.
- Stringent emissions regulations being introduced by various governments around the world, which is incentivising the use of LNG as a marine fuel.
- The development of new LNG bunkering infrastructure in key ports and maritime hubs around the world.
- The increasing popularity of LNG-powered vessels, particularly in the cruise ship and container shipping sectors.
- .The growth in global trade and seaborne traffic, which is driving demand for more efficient and environmentally-friendly maritime transportation solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
LNG Bunkering Market Research Report
By Type
Truck-to-Ship, Ship-to-Ship, Port-to-Ship, Others
By Application
Container Vessels, Tanker Vessels, Bulk & General Cargo Vessels, Ferries & OSV, Others
By Companies
Gasum, Shell (Gasnor), Equinor, Barents Naturgass, Engie, Bomin and Linde, Eni Norge, Harvey Gulf, Polskie LNG, Korea Gas Corp, Gaz Metro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global LNG Bunkering Market Report Segments:
The global LNG Bunkering market is segmented on the basis of:
Types
Truck-to-Ship, Ship-to-Ship, Port-to-Ship, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Container Vessels, Tanker Vessels, Bulk & General Cargo Vessels, Ferries & OSV, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gasum
- Shell (Gasnor)
- Equinor
- Barents Naturgass
- Engie
- Bomin and Linde
- Eni Norge
- Harvey Gulf
- Polskie LNG
- Korea Gas Corp
- Gaz Metro
Highlights of The LNG Bunkering Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Truck-to-Ship
- Ship-to-Ship
- Port-to-Ship
- Others
- By Application:
- Container Vessels
- Tanker Vessels
- Bulk & General Cargo Vessels
- Ferries & OSV
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LNG Bunkering Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LNG bunkering is the process of storing natural gas in an underground storage tank. When there is a need for more gas, the LNG can be quickly delivered to customers through this system.
Some of the key players operating in the lng bunkering market are Gasum, Shell (Gasnor), Equinor, Barents Naturgass, Engie, Bomin and Linde, Eni Norge, Harvey Gulf, Polskie LNG, Korea Gas Corp, Gaz Metro.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LNG Bunkering Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LNG Bunkering Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LNG Bunkering Market - Supply Chain
4.5. Global LNG Bunkering Market Forecast
4.5.1. LNG Bunkering Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LNG Bunkering Market Size (000 Units) and Y-o-Y Growth
4.5.3. LNG Bunkering Market Absolute $ Opportunity
5. Global LNG Bunkering Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LNG Bunkering Market Size and Volume Forecast by Type
5.3.1. Truck-to-Ship
5.3.2. Ship-to-Ship
5.3.3. Port-to-Ship
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LNG Bunkering Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LNG Bunkering Market Size and Volume Forecast by Application
6.3.1. Container Vessels
6.3.2. Tanker Vessels
6.3.3. Bulk & General Cargo Vessels
6.3.4. Ferries & OSV
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LNG Bunkering Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LNG Bunkering Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LNG Bunkering Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LNG Bunkering Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LNG Bunkering Demand Share Forecast, 2019-2026
9. North America LNG Bunkering Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LNG Bunkering Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LNG Bunkering Market Size and Volume Forecast by Application
9.4.1. Container Vessels
9.4.2. Tanker Vessels
9.4.3. Bulk & General Cargo Vessels
9.4.4. Ferries & OSV
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LNG Bunkering Market Size and Volume Forecast by Type
9.7.1. Truck-to-Ship
9.7.2. Ship-to-Ship
9.7.3. Port-to-Ship
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LNG Bunkering Demand Share Forecast, 2019-2026
10. Latin America LNG Bunkering Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LNG Bunkering Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LNG Bunkering Market Size and Volume Forecast by Application
10.4.1. Container Vessels
10.4.2. Tanker Vessels
10.4.3. Bulk & General Cargo Vessels
10.4.4. Ferries & OSV
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LNG Bunkering Market Size and Volume Forecast by Type
10.7.1. Truck-to-Ship
10.7.2. Ship-to-Ship
10.7.3. Port-to-Ship
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LNG Bunkering Demand Share Forecast, 2019-2026
11. Europe LNG Bunkering Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LNG Bunkering Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LNG Bunkering Market Size and Volume Forecast by Application
11.4.1. Container Vessels
11.4.2. Tanker Vessels
11.4.3. Bulk & General Cargo Vessels
11.4.4. Ferries & OSV
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LNG Bunkering Market Size and Volume Forecast by Type
11.7.1. Truck-to-Ship
11.7.2. Ship-to-Ship
11.7.3. Port-to-Ship
11.7.4. Others
11.8. Basis Point Share (BPS) Analyis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LNG Bunkering Demand Share, 2019-2026
12. Asia Pacific LNG Bunkering Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LNG Bunkering Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LNG Bunkering Market Size and Volume Forecast by Application
12.4.1. Container Vessels
12.4.2. Tanker Vessels
12.4.3. Bulk & General Cargo Vessels
12.4.4. Ferries & OSV
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LNG Bunkering Market Size and Volume Forecast by Type
12.7.1. Truck-to-Ship
12.7.2. Ship-to-Ship
12.7.3. Port-to-Ship
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LNG Bunkering Demand Share, 2019-2026
13. Middle East & Africa LNG Bunkering Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LNG Bunkering Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LNG Bunkering Market Size and Volume Forecast by Application
13.4.1. Container Vessels
13.4.2. Tanker Vessels
13.4.3. Bulk & General Cargo Vessels
13.4.4. Ferries & OSV
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LNG Bunkering Market Size and Volume Forecast by Type
13.7.1. Truck-to-Ship
13.7.2. Ship-to-Ship
13.7.3. Port-to-Ship
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LNG Bunkering Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LNG Bunkering Market: Market Share Analysis
14.2. LNG Bunkering Distributors and Customers
14.3. LNG Bunkering Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Gasum
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shell (Gasnor)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Equinor
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Barents Naturgass
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Engie
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bomin and Linde
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Eni Norge
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Harvey Gulf
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Polskie LNG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Korea Gas Corp
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Gaz Metro
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
