LNG Bunkering Market 2020 by End-user (Tanker Fleet, Bulk and General Cargo, Offshore Vessels and Ferries, Others) and Geography

LNG Bunkering is the providing of LNG fuel to vessels for its own consumption. The benefits of LNG as a fuel is the mass reduction in sulfur content and produce low NOx as compare to MDO and MGO. Hence, rising development to promote the LNG as a bunker fuel is boosting the growth of the LNG bunkering market. Growing seaborne trade and increasing shale production are influencing the growth of the LNG bunkering market. Rising demand for low cost and eco-friendly marine fuel is also triggering the growth of the LNG bunkering market.

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Key Players:
1.Eagle LNG
2.ENGIE
3.EVOL LNG
4.Gazprom Neft PJSC
5.Harvey Gulf International Marine, LLC
6.KANON Loading Equipment B.V.
7.KLAW LNG
8.Nauticor GmbH and Co. KG
9.Shell International B.V.
10.Titan LNG

Growing shifting towards clean energy coupled with strict government rules to minimize emissions, including nitrous oxide and sulfur, drives the growth of the LNG bunkering market. Factor such as to reduce maintenance, improve performance, reliability, safety, and enhance fuel are some of the key factors that are augmenting the growth of the LNG bunkering market. Increasing laws by international maritime organization (IMO) and government are focusing on encouraging the use of LNG as a bunker fuel is expected to drive the growth of the LNG bunkering market.

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The global LNG bunkering market is segmented on the basis of end-user. On the basis end-user the market is segmented as tanker fleet, bulk and general cargo, offshore vessels and ferries, others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global LNG bunkering market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The LNG bunkering market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting LNG bunkering market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the LNG bunkering market in these regions.

Sameer Joshi
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