LNG bunkering market dimension to develop by USD 855.43 million from 2022 to 2027: A descriptive evaluation of buyer panorama, vendor evaluation, and market dynamics

NEW YORK, Jan. 9, 2023 /PRNewswire/ — Technavio categorizes the worldwide LNG bunkering market as part of the worldwide oil and fuel storage and transportation market inside the international oil and fuel market. The worldwide oil and fuel storage and transportation market cowl corporations engaged within the transportation and storage of fuel, oil and refined merchandise. The oil and fuel midstream or storage and transportation market are one of many three hyperlinks within the total oil and fuel worth chain. The worldwide LNG bunkering market dimension is estimated to extend by USD 855.43 million. The market’s progress momentum will progress at a CAGR of 17.39%.

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World LNG bunkering market – Buyer panorama
To assist corporations consider and develop progress methods, the report outlines –

World LNG bunkering market – Vendor evaluation
Vendor Panorama – The worldwide LNG bunkering market is fragmented, with the presence of a number of international in addition to regional distributors. A number of outstanding distributors that provide LNG bunkering available in the market are Arkas Holding SA, Broadview Vitality Options B.V., Crowley Maritime Corp., Eagle LNG Companions, Equinor ASA, EVOL LNG, Fluxys SA, Gasum Oy, Harvey Gulf Worldwide Marine LLC, Naturgy Vitality Group SA, Petroliam Nasional Berhad, Petronet LNG Ltd., QLNG Transport LLC, Shell plc, Singapore Applied sciences Engineering Ltd., TotalEnergies SE, SHV Vitality, and Trelleborg AB and others.
The worldwide LNG bunkering market is at its rising stage. This suggests that the market in focus is characterised by a rise within the provide of LNG, a rising marine logistics enterprise, and stringent authorities laws pertaining to marine transport emissions.

Vendor Choices –

• Arkas Holding SA: The corporate provides bodily provides in addition to bunkers and lubricants

• Broadview Vitality Options B.V.: The corporate provides varied on-shore LNG bunkering stations.

• Crowley Maritime Corp.: The corporate provides a variety of LNG marine bunkering ships

• Eagle LNG Companions: The corporate provides an environment friendly and dependable provide of marine gas to ships

• EVOL LNG: The corporate provides varied LNG bunkers throughout Australia

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Story continues

World LNG bunkering market – Segmentation evaluation

Section overview
Technavio has segmented the market based mostly on software (tanker, ferry and ro-ro, container, and others), end-user (industrial and protection), and geography (Europe, APAC, North America, South America, and Center East and Africa).

• The market share progress of the tanker section will probably be increased than the opposite segments through the forecast interval. In the course of the projected interval, there may be anticipated to be progress within the international liquefied pure fuel (LNG) bunkering marketplace for tankers as a result of growth of fuel-efficient tanker applied sciences and strict laws.

Geography overview
By geography, the worldwide LNG bunkering market is segmented into Europe, APAC, North America, South America, and Center East and Africa. The report offers actionable insights and estimates the contribution of all areas to the expansion of the worldwide LNG bunkering market.

• Europe will account for 58% of the market’s progress through the forecast interval. Within the Yamal Peninsula, Russia, the second-largest pure fuel producer on this planet after the US, has a large quantity of untapped manufacturing capability. Russia is trying to diversify its pure fuel export markets via a pipeline to China. By 2023, Russia is anticipated to contribute 15 bcm of the 140 bcm whole worldwide liquefaction capability, after the US and Australia, which is able to maintain the highest and second-largest liquefaction capability, respectively.

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World LNG bunkering market – Market dynamics

Main drivers – One of many key elements driving the worldwide liquefied pure fuel bunkering market progress is the rise within the provide of LNG. Because of the rise within the international provide of coalbed methane, shale fuel, and tight fuel, pure fuel has develop into the fastest-growing fossil gas. Therefore, the worldwide oil and fuel trade will expertise a big enhance in unconventional oil and fuel assets. Different elements like rising marine logistics enterprise and stringent authorities laws pertaining to marine transport emissions will additional drive the market through the forecast interval.

Key traits – Enhance in demand for cleaner fuels is without doubt one of the main traits for the worldwide liquefied pure fuel bunkering market progress. Elevated gas consumption from the growth of the maritime and different modes of transportation results in elevated air pollution emissions. Fuels with a excessive sulfur focus have significantly elevated native air air pollution, leading to linked well being issues. Air air pollution has been considerably impacted by the transportation trade. To scale back air pollution, cleaner fuels at the moment are required. Because of this, through the projected years, the necessity for cleaner gas is anticipated to gas market growth.

Main challenges – One of many key challenges to the expansion of world liquefied pure fuel bunkering is the excessive capital necessities of utilizing LNG as a marine gas. The most important challenges are the excessive capital and operational bills related to utilizing LNG to energy ships. The quantity of space wanted for tanks and tank connections, bunkering amenities, automation and interfaces, and yard prices all have an effect on the capital funding. Moreover, putting in LNG tanks, that are 250% bigger in dimension than HFO tanks, will increase the price of constructing a dual-fueled ship by round one-fifth in comparison with a ship that makes use of typical gas. Over 50% of a container ship’s whole working bills go towards gas. Subsequently, utilizing LNG as a marine gas might have excessive capital and working bills, which might restrain the expansion of the worldwide LNG bunkering market through the forecast interval.

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What are the important thing information lined on this LNG bunkering market report?

• CAGR of the market through the forecast interval

• Detailed data on elements that may drive the expansion of the LNG bunkering market between 2023 and 2027

• Exact estimation of the dimensions of the LNG bunkering market and its contribution to the dad or mum market

• Correct predictions about upcoming traits and adjustments in shopper habits

• Development of the LNG bunkering market throughout Europe, APAC, North America, South America, and Center East and Africa

• An intensive evaluation of the market’s aggressive panorama and detailed details about distributors

• Complete evaluation of things that may problem the expansion of LNG bunkering market distributors

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Desk of Contents

1 Government Abstract

2 Market Panorama

3 Market Sizing

4 Historic Market Measurement

5 5 Forces Evaluation

6 Market Segmentation by Software

7 Market Segmentation by Finish-user

8 Buyer Panorama

9 Geographic Panorama

10 Drivers, Challenges, and Developments

11 Vendor Panorama

12 Vendor Evaluation

13 Appendix

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