BANGALORE, India, April 1, 2021 /PRNewswire/ — The LNG Bunkering Market is segmented by Product Kind Truck-to-Ship, Port-to-Ship, Ship-to-Ship, and Transportable tanks, by Finish-Consumer (Container Fleet, Tanker Fleet, Cargo Fleet, Ferries, Inland Vessels and Others). The report covers world alternative evaluation and trade forecast from 2020 to 2027. It’s revealed on Valuates Reports within the Oil & Gas Class.
International LNG bunkering market measurement was valued at USD 0.38 Billion in 2019 and is projected to succeed in USD 5.14 Billion by 2027, rising at a CAGR of 45.2% from 2020 to 2027.
Main elements driving the expansion of LNG bunkering market measurement are stringent environmental regulation towards air pollution brought on by ship transportation and the decrease working & cargo prices.
Global LNG Bunkering Market Report
TRENDS INFLUENCING THE GROWTH OF LNG BUNKERING MARKET SIZE
- The emission regulation set by IMO (Worldwide Maritime Group) on sulfur content material within the marine gas is predicted to be the first driver for the expansion of LNG bunkering market measurement. Liquified pure fuel (LNG), with its low sulfur content material, favorable hydrogen-to-carbon ratio, and decrease nitrogen oxide emission in comparison with typical fuels, fulfills all Worldwide Maritime Group (IMO) air emission laws.
- When in comparison with HFO (heavy gas oil) and different marine fuels, LNG is cheaper. Thus the cost-effective function of LNG is predicted to additional enhance the expansion of LNG bunkering market measurement.
- The rise in fuel exploration and manufacturing actions together with rising cargo resulting from commerce exercise is predicted to drive the expansion of the LNG bunkering market measurement.
- The emphasis on strengthening LNG distribution infrastructure, in addition to the variety of LNG-powered ships, is predicted to spice up the LNG bunkering market measurement throughout the forecast interval.
LNG BUNKERING MARKET SHARE ANALYSIS
- The ship-to-ship section had the best market share of about 60.5 p.c in 2019 and is predicted to carry this place throughout the forecast interval. This is because of a rise within the variety of ships utilizing LNG as a cleaner gas to adjust to strict authorities laws.
- Based mostly on utility, the cargo fleet section has the most important share in 2019 and is projected to increase at a CAGR of 45.4 p.c in 2020. This is because of a rise in demand for cargo transportation by ships in addition to a rise in trade-related agreements. Moreover, the cargo shipping market’s development is predicted to be fuelled by a rise within the variety of manufacturing items and factories in areas corresponding to Asia-Pacific and LAMEA.
- Based mostly on the area, Europe dominated the LNG bunkering trade in 2019, and it’s anticipated to proceed to take action over the forecast interval. This is because of a lot of elements, together with a broad buyer base and an increase in maritime commerce actions within the area. Moreover, the elevated growth of LNG bunkering infrastructure within the European area is predicted to contribute to the market’s development in Europe.
LNG Bunkering Market Regional Report
LNG BUNKERING MARKET SEGMENTS
By Area
- North America
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Remainder of Europe
- Asia-Pacific
- China
- Japan
- India
- Singapore
- South Korea
- Remainder of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Remainder of LAMEA
By Product Kind
- Truck-to-Ship
- Port-to-Ship
- Ship-to-Ship
- Transportable Tanks
By Software
- Container Fleet
- Tanker Fleet
- Cargo Fleet
- Ferries
- Inland Vessels
- Others
Main Corporations
- Broadview Vitality Options B.V.,
- Crowley Maritime Company,
- Gasum Oy,
- Harvey Gulf Worldwide Marine,
- Klaw LNG,
- Korea Gasoline Company,
- Polskie LNG S.A.,
- Royal Dutch Shell Plc,
- SHV Vitality,
- Complete SE,
- PETRONAS,
- Exxon Mobil Company.
- ENN Vitality Holdings, Ltd.,
- Statoil ASA,
- Gasoline Pure Fenosa,
- Eagle LNG,
- EVOL LNG,
- Fjord Line.
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SIMILAR REPORTS
– Container Fleet Market size is predicted to develop from USD 18,030.68 Million in 2019 to USD 30,685.42 Million by the tip of 2025 at a CAGR of 9.26%.
– LNG Market size is projected to succeed in USD 15590 Million by 2027, from USD 8706.6 Million in 2020, at a CAGR of 10.2% throughout 2022-2027.
– Planned LNG market size was valued at USD 102.2 Billion in 2019, and is projected to succeed in USD 58.9 Billion by 2030, rising at a CAGR of 9.9% from 2020 to 2030.
– LNG Carrier Market size is projected to succeed in USD 16250 Million by 2027, from USD 11930 Million in 2020, at a CAGR of 4.1% throughout 2021-2027.
– LNG Bunkering Vessel Market is segmented by Kind Small-scale, Medium-scale, Giant-scale, by Software Civil, Navy and by varied areas.
– LNG Fuelling Station Market is segmented by Kind Cellular Station, Everlasting Station, by Software Car, Ship and by varied areas.
– The LNG Tanker Market is segmented by Kind LPG Tanker, LNG Tanker, by Software Aviation, Marine, Industrial and by varied areas.
– LNG Cryogenic Equipment Market size is projected to succeed in USD 5683.6 Million by 2026, from USD 4007 Million in 2019, at a CAGR of 5.1% throughout 2021-2026.
– LNG Barge Market is segmented by Kind Beneath 1000 Cu m, 1000-2000 Cu m, 2000-3000 Cu m, 3000-5000 Cu m, above 5000 Cu m, by Software Logistics Transportation, Industrial Transportation, Cruise Leisure Business and by varied areas.
– LNG Truck Market is segmented by Kind Tractor Truck, Dump Monitor, by Software Transportation, Building and by varied areas.
– LNG Loading & Offloading Systems Market is segmented by Kind CBM (Standard Buoy Mooring), SPM (Single Level Mooring), by Software Gasoline Business and by varied areas.
– LNG Carrier Containment Market is segmented by Kind 30,000-124,999cm, 125,000-149,999cm, 150,000-180,000cm, above 180,000cm, by Software Home Transportation, Worldwide Transportation and by varied areas.
– Small Scale LNG (SSLNG) Market size is projected to succeed in USD 15350 Million by 2027, from USD 7770.6 Million in 2020, at a CAGR of 10.1% throughout 2021-2027.
– Large Scale LNG Terminals Market is segmented by Kind Liquefaction, Regasification, by Software Industrial, Industrial, Residential and by varied areas.
– The LNG as a Bunker Fuel Market size was valued at USD 4828.5 Million in 2020 and is projected to succeed in USD 46020 Million by 2027, at a CAGR of 38.0% throughout the 2021-2027.
– Liquefied Natural Gas (LNG) Infrastructure Market is segmented by Kind Liquefaction Terminal, Regasification Terminal, by Software Heavy-duty Automobiles, Electrical Energy Era, Marine Transport and by varied areas.
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