LNG Bunkering Market Analysis, Trends, Growth, Research And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's LNG Bunkering Global Market Report 2023 identifies stringent environmental regulation toward pollution caused by ship transportation as the major driver for the LNG bunkering market's growth in the forecast period.Ship transportation refers to the movement of goods and/or passengers by seagoing vessels on voyages undertaken entirely or partially at sea. Environmental regulation is increasing as ship transportation results in the use of more heavy fuel oil, one of the dirtiest fossil fuels, containing hazardous levels of sulfur and heavy metals, among other things causing pollution will drive a significant preference for LNG bunkering going forward.

The global LNG bunkering market size is expected to grow from $0.70 billion in 2022 to $1.05 billion in 2023 at a compound annual growth rate (CAGR) of 50.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the LNG bunkering market size is expected to grow to $5.13 billion in 2027 at a CAGR of 48.7%.

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Major competitors in the LNG bunkering market are Harvey Gulf International Marine LLC, Eagle LNG Partners LLC, SEA-LNG Limited, Korea Gas Corporation, Nauticor GmbH & Co KG (Bomin Linde LNG GmbH & Co KG), Gazpromneft Marine Bunker LLC, Royal Dutch Shell Plc., Skangas AS, Polskie LNG SA.

A key trend in the LNG bunkering market includes innovation. Major market players are focusing on launching innovative operations to sustain their position in the LNG bunkering market such as ship-to-containership liquefied natural gas (LNG) bunkering. For instance, in January 2022, CMA CGM, France-based shipping, and logistics firm, and TotalEnergies, France-based integrated energy, and petroleum company launched Marseilles' first ship-to-containership liquefied natural gas (LNG) bunkering operation. CMA CGM BALI, a 15, 000 TEU LNG-powered containership on the MEX 1 service connecting Asia and South Europe, was refueled with around 6, 000m3 of LNG by TotalEnergies' Gas Vitality, the first LNG bunker vessel based in France, via a ship-to-ship transfer alongside the Eurofos container terminal, while the containership carried out cargo operations simultaneously.

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The LNG bunkering market is segmented -
• By Type: Ship To Ship, Terminal To Ship, Truck To Ship

• By End-User: Defense Vessels, Yachts, Cruise Ships, Ferries And OSVs (Offshore Service Vessels), Bulk And General Cargo Fleets, Other End-Users

• By Application: Container Fleet, Tanker Fleet, Cargo Fleet, Ferries, Inland Vessels, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the LNG bunkering market.

The Business Research Company's "Global LNG Bunkering Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The LNG Bunkering Market Include:
1. Executive Summary
2. LNG Bunkering Market Characteristics
3. LNG Bunkering Market Trends And Strategies
4. LNG Bunkering Market - Macro Economic Scenario
5. LNG Bunkering Market Size And Growth

……

26. Africa LNG Bunkering Market
27. LNG Bunkering Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The LNG Bunkering Market
29. LNG Bunkering Market Future Outlook and Potential Analysis
30. Appendix

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