LNG Bunkering Market, By Product Type, By Application, By Geography

Description

The global LNG bunkering market is estimated to be valued at USD 1.24 Bn in 2024 and is expected to reach USD 7.91 Bn by 2031, growing at a compound annual growth rate (CAGR) of 30.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 1.24 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	30.30%	2031 Value Projection:	US$ 7.91 Bn

Figure 1.LNG Bunkering Market Share (%), By Region, 2024

The global LNG bunkering market has been growing steadily over the past few years. LNG is currently one of the most viable alternatives to conventional marine fuels owing to its environmental and cost benefits. Several shipping companies and ports are encouraging the use of LNG as a marine fuel to meet the stringent environmental regulations on SOx and particulate emissions. The growing international trade and seaborne transportation have been increasing the demand for energy-efficient and low emission fuels in the shipping industry. The International Maritime Organization's push for greener shipping has further boosted the adoption of LNG as a bunker fuel. Various ports across major trading hubs have started investing in LNG bunkering infrastructure to accommodate more LNG fueled vessels. With growing focus on sustainability, the global LNG bunkering market is expected to witness significant growth in the coming years.

Market Dynamics:

The global LNG bunkering market is driven by the stringent environmental norms imposed by IMO on sulphur emissions from ships. The growing popularity of LNG as a cleaner alternative to conventional bunker fuels is a key driver. LNG produces less emissions and offers 40-50% higher efficiency than conventional fuels. Initiatives by governments and ports worldwide to set up LNG bunkering infrastructure is expected to boost market growth. For instance, countries like Japan, China, and Norway are investing heavily in LNG terminals and networks. However, high setup and transportation costs involved in LNG bunkering can hinder market revenues. Lack of standardized regulations is another challenge. Meanwhile, emerging opportunities lie in developing small and mid-scale liquefaction facilities near ports. Growing preference for dual-fuel engines and transition towards gas-powered ships will also support the market expansion.

Key Features of the Study:

This report provides an in-depth analysis of the global LNG bunkering market and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global LNG bunkering market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Royal Dutch Shell PLC, Korea Gas Corporation, ENGIE SA, Skangas AS, Gasum Oy, Total S.A., ENN Energy Holdings Limited, Crowley Maritime Corporation, Bomin Linde LNG GmbH & Co. KG, Harvey Gulf International Marine LLC, Fjord Line AS, Gazpromillioneft Marine Bunker LLC, Statoil ASA, Eagle LNG Partners, Titan LNG BV, Naturgy Energy Group SA, Gasnor AS, EVOL LNG Pty Ltd, Polskie LNG S.A., and Transgas Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global LNG bunkering market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global LNG bunkering market.

Detailed Segmentation-

By Product Type:
- Portable Tanks
- Ship-to-Ship
- Port-to-Ship
- Truck-to-Ship
By Application:
- Container Fleet
- Tanker Fleet
- Cargo Fleet
- Ferries
- Inland Vessels
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Royal Dutch Shell PLC
- Korea Gas Corporation
- ENGIE SA
- Skangas AS
- Gasum Oy
- Total S.A.
- ENN Energy Holdings Limited
- Crowley Maritime Corporation
- Bomin Linde LNG GmbH & Co. KG
- Harvey Gulf International Marine LLC
- Fjord Line AS
- Gazpromillioneft Marine Bunker LLC
- Statoil ASA
- Eagle LNG Partners
- Titan LNG BV
- Naturgy Energy Group SA
- Gasnor AS
- EVOL LNG Pty Ltd
- Polskie LNG S.A.
- Transgas Inc.

Product Code: CMI1085

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

4. Global LNG Bunkering Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global LNG Bunkering Market - COVID-19
Impact Analysis

5. Global LNG Bunkering Market, By Product Type, 2019-2031 (US$ BN)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Portable Tanks
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Ship-to-Ship
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Port-to-Ship
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Truck-to-Ship
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global LNG Bunkering Market, By Application, 2019-2031 (US$ BN)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Container Fleet
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Tanker Fleet
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Cargo Fleet
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Ferries
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Inland Vessels
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global LNG Bunkering Market, By Region, 2019-2031 (US$ BN)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ BN)
- Market Size and Forecast, By Application, 2019- 2031 (US$ BN)
- Countries
  - U.S.
  - Canada
  - Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ BN)
- Market Size and Forecast, By Application, 2019- 2031 (US$ BN)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ BN)
- Market Size and Forecast, By Application, 2019- 2031 (US$ BN)
- Countries
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ BN)
- Market Size and Forecast, By Application, 2019- 2031 (US$ BN)
- Countries
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2019 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031 (US$ BN)
- Market Size and Forecast, By Application, 2019- 2031 (US$ BN)
- Sub-regions/Countries
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Royal Dutch Shell PLC
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Korea Gas Corporation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- ENGIE SA
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Skangas AS
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Gasum Oy
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Total S.A.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- ENN Energy Holdings Limited
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Crowley Maritime Corporation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Bomin Linde LNG GmbH & Co. KG
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Harvey Gulf International Marine LLC
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Fjord Line AS
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Gazpromillioneft Marine Bunker LLC
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Statoil ASA
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Eagle LNG Partners
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Titan LNG BV
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Naturgy Energy Group SA
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Gasnor AS
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- EVOL LNG Pty Ltd
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Polskie LNG S.A.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Transgas Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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