A report on the LNG Bunkering Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the LNG Bunkering Market. The historic years considered for the study are 2015-2020 the base year is 2021, and the forecast period is 2021-2026.
The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.
LNG Bunkering Market is likely to grow at an impressive CAGR of 46% during the forecast period. Revolutionary trends towards clean energy combined with strict government regulations to reduce airborne emissions including sulfur and nitrous oxide will lead the LNG bunkering market during the forecast period. Furthermore, technological advancements in vessel design to cut down maintenance, enhance fuel efficiency and improve performance, reliability and safety are some of the key parameters likely to push the product demand.
The Market is segmented by Product Type (Truck-to-Ship, Port-to-Ship, Ship-to-Ship, and Portable Tanks), by End-Use Type (Container Vessels, Cruise-ships, Bulk Carriers, Ferries, and Offshore Support Vessels), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on LNG Bunkering Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.
The report delivers a detailed view of the industry based on LNG Bunkering Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-
– Market structure: Overview, industry life cycle analysis, supply chain analysis
– Covid-19 Impact analysis.
– Market environment analysis: Growth drivers and constraints, and SWOT analysis.
– Market trend and forecast analysis.
– Market segment trend and forecast.
– Competitive landscape and dynamics: Market share, product launches, etc.
– Attractive Market segments and associated growth opportunities.
– Emerging trends.
– Strategic growth opportunities for the existing and new players.
The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.
Key Segments LNG Bunkering Market Report Covers:
Based on the product type, the market is segmented as truck-to-ship, port-to-ship, ship-to-ship, and portable tanks. The ship-to-ship LNG bunkering market is expected to observe expansion over 60% by 2024, owing to its quick transfer operations and high capacity. Capacity to allow the movement of cargo and bunkering operation to occur simultaneously, which will further glorify the industry landscape during the forecast period. On the other hand, availability of pipeline on ports along with larger hose to elevate the bunkering rate; this will positively influence the port-to-ship market size. Low cost and quick transfer operation will go a long way in promoting the acceptance of truck-to-ship operations.
Based on the end-use type, the market is segmented as container vessels, cruise-ships, bulk carriers, ferries, and offshore support vessels. The RO-Pax LNG bunkering market is likely to experience strong growth over the forecast period on account of its high fuel consumption. The segment consists of cruise-ships, ferries and Roll-On Roll-Off car carriers. Sanguine outlook towards international maritime trade coupled with stringent environmental regulations to steer the LNG bunkering market with lucrative returns.
In terms of region, North America led the market for LNG bunkering in 2020, and is expected to maintain its indubitable lead during the forecast period as well. The growth of the region can be attributed to the current shale production with stringent emission norms, which will flourish the business growth. Furthermore, increasing focus to maintain fossil fuel sustainability along with rising concern to reduce environmental impact will lead the market growth. Also, growing investments towards the upgradation and rebuilding of LNG infrastructure to further augment the industry outlook. Europe and Asia-Pacific are also expected to substantial growth opportunities over the forecast period.
According to the report, brands or companies that are leading globally in this Market are –
- Bomin Linde LNG GmbH & Co. KG
- Eagle LNG Partners.
- Engie SA
- ENN Energy Holdings Limited.
- Gasnor AS
- Harvey Gulf International Marine LLC.
- Korea Gas Corporation
- Polskie LNG
- Royal Dutch Shell plc.
- Skangass AS.
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