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LNG Bunkering Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global LNG Bunkering Market: By Product Type (Truck-to-Ship, Port-to-Ship, Ship-to-Ship, and Portable Tanks); Application (Container Fleet, Tanker Fleet, Cargo Fleet, Ferries, Inland Vessels, and Others); and Region—Industry Dynamics, Market Size and Opportunity Forecast till 2031

  • Published On: 01-Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0222148
    Delivery: 2 to 4 Hours
LNG Bunkering Market

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Report AttributeDetails
Market Size Value in 2022US$ 4,124.2 Mn
Expected Revenue in 2031US$ 12,0729.9 Mn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Product Type, By Application, By Region
Key Companies                                                                               Bomin Linde LNG GmbH & Co. KG, Engie SA, ENN Energy Holdings Ltd, FueLNG Bellina, Gas Natural Fenosa, GazproBneft Marine Bunker LLC, Harvey, Gulf International Marine LLC, Kawasaki, Korea Gas Corporation, Mitsui OSK Lines Ltd., Royal Dutch Shell PLC, Sembcorp Marine Ltd., Statoil AS, Skangas AS (Gasum), Total SA, Toyota Tsusho Corp., Other Prominent Players
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Global LNG Bunkering Market is projected to grow at a CAGR of 46.2% during the forecast period 2023-2031.

LNG Bunkering is the practice of providing liquefied natural gas fuel to a ship for its own consumption.

The size of the Global LNG Bunkering Market in 2022 was US$ 4,124.2 Million. 

IMO regulation on sulfur content in the marine fuel and increase in gas exploration and production activities. 

Product type and application are the different segments of the Global LNG Bunkering Market.

Cargo fleet segment are expected to drive the adoption of LNG bunkering. 

Less shipping emissions in comparison to more traditional method, lower operating cost, safety and others are the advantages of using LNG in the shipping industry.

Port-to-Ship segment is projected to grow at the highest CAGR during the forecast period.

Demand and supply gap for LNG bunkering restrain the growth in the Global LNG Bunkering Market. 

Russia is expected to project a fastest CAGR in the Europe LNG bunkering market during the forecast period.

Rapid urbanization & industrialization across the developed and developing regions in the world further fuels the demand for bulk cargo shipping.

Royal Dutch Shell PLC, Total SA, Engie SA, Korea Gas Corporation, Linde, Bomin Linde LNG GmbH & Co. KG, ENN Energy Holdings Ltd, Harvey Gulf International Marine and Kawasaki heavy industries Ltd among others.