52.4% CAGR Expected In Global LNG Bunkering Market Size 2021 | Royal Dutch Shell Plc., Skangas, ENN Energy, Korea Gas Corporation

Global LNG Bunkering market was valued at US$ 265.3 million in 2016, according to Global LNG Bunkering Market by Product Type (Portable Tanks, Ship-to-Ship, Port-to-Ship, Truck-to-Ship), by Vessel Type (Ferries, Offshore Support Vessels, Container Fleet, Others).

During the forecast period (2017–2025), the LNG bunkering market is expected to increase significantly. Because LNG is a clean fuel, an increasing number of ships and boats are using it. Stringent rules on the emission of hazardous gases are being implemented by both government and non-government organisations. The America Bureau of Shipping (ABS), for example, has incorporated a risk assessment methodology for LNG leakage during bunkering, which covers leaks from LNG pipelines, pumps, tanks, or hoses, unintended hose disconnections, overfilling vessel fuel tanks, and external impact.

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The major players in the global LNG bunkering market include Royal Dutch Shell Plc., Skangas, ENN Energy, Korea Gas Corporation, Prima LNG, Harvey Gulf International Marine LLC, Bomin Linde LNG GmbH & Co KG, Fjord Line, Crowley Maritime Corporation, and Polskie LNG.

In 2016, Europe contributed the most revenue to the global market, accounting for 42.17 percent of total sales. This is due to the existence of the region's largest bunkering hub, Norway, which has over 18,000 LNG bunker stations. Furthermore, rising environmental concerns and increased investments in rebuilding and upgrading LNG infrastructure are expected to fuel the expansion of the LNG bunkering market in Europe. The European Union (EU) member states adopted the European Commission's proposal to invest US$ 24.18 million in seven steps to develop efficient and sustainable transportation and energy infrastructure, including LNG bunkering facilities, in 2017.

The complete knowledge of LNG Bunkering Market is based on the latest industry news, opportunities and trends. LNG Bunkering Market research report offers a clear insight about the influential factors that are expected to transform the global market in the near future. Both top-down and bottom-up approaches have been used to estimate and validate the market size of LNG Bunkering market, to estimate the size of various other dependent submarkets in the overall market.
The study objectives of the market are:
• To analyze and research the global LNG Bunkering market status and future forecast Involving, production, revenue, consumption, historical and forecast.
• Identifying any pricing issues, price ranges, and explanation of price variations of products in LNG Bunkering industry.
• To present the key LNG Bunkering manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
• To segment the data type by regions, type, manufacturers and applications.
• To analyze the global and key regions market potential, demand, Growth Outlook and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends, drivers, influence factors in global and regions.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• Lastly, we will predict the general impulse for supply and demand In the Global LNG Bunkering Market

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Detailed Segmentation:

Global LNG Bunkering Market, By Product Type:
Portable Tanks
Ship-to-Ship
Port-to-Ship
Truck-to-Ship

Global LNG Bunkering Market, By Vessel Type:
Ferries
Cruise-Ships
Bulk and General Cargo Fleet
Offshore Support Vessels
Tanker Fleet
Container Fleet
Others

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