Press release
LNG Bunkering Market to Grow CAGR of 45.1% By 2030 | Royal Dutch Shell plc., Engie,Bomin Linde LNG GmbH & Co. KG, Gasum Ltd.
LNG Bunkering Market
The market size for LNG bunkering was estimated at USD 794.5 million in 2022. The LNG Bunkering Market market is expected to grow at a compound annual growth rate (CAGR) of 45.1% between 2023 and 2030, reaching a projected value of USD 14,827.8 million.
LNG bunkering is the process of transferring Liquified Natural Gas LNG to a ship for its use. Hence, this fuel causes less pollution than other conventional methods of fueling ships such as heavy fuel oil, marine diesel fuel (MDO), and marine gas oil (MGO). LNG emissions are free from sulfur dioxide and contain very little amount of nitrogen oxide, particulate matter, and Greenhouse gasses.
LNG bunkering from ship to ship or shore to ship is done using a quick connect disconnect QC/DC method. Therefore, using LNG as marine fuel aids in decreasing transportation costs by increasing fuel efficiency and by reducing overall maintenance costs.
Get Free Sample PDF Brochure:
https://www.marketresearchfuture.com/sample_request/7741
The increasing environmental regulations on marine fuel quality are driving the growth of the LNG bunkering market. LNG being a clean fuel emits no or less quantity of harmful pollutants in the atmosphere in comparison with conventional marine fuels. Additionally, the volume of marine trade is also increasing for it is the cheapest source of transportation, which is likely to fuel the demand for LNG bunkering. Moreover, growing emphasis on developing marine transportation infrastructure from Government and private bodies across the world will help in boosting the market growth.
The Covid-19 pandemic badly affected the global LNG bunkering market. The economic crisis brought by the covid pandemic led to a standstill in trade which ultimately affected marine transportation and demand for LNG bunkering. The fall in the demand for various finished products due to market restrictions lowered the marine trade volume. However, the demand for essential goods continued to rise which brought some respite to the market.
Key Players:
Royal Dutch Shell plc.
Engie
Bomin Linde LNG GmbH & Co. KG
Gasum Ltd.
Gasnor AS
Korea Gas Corporation
Harvey Gulf International Marine LLC
Polskie LNG S.A.
Eagle LNG
ENN Energy Holdings Limited
EVOL LNG
Fjord Line
Crowley Maritime Corporation
SHV Energy
Gazpromneft Marine Bunker LLC
Market Segmentation
Market Segmentation, by Vessel Type
Container ships
Tankers
Bulk & General Cargo Vessel
Market segmentation, by Product Type
Portable Tanks
Port to Ship
Ship to Ship
Truck to Ship
Market segmentation, by end-user:
Ferries
Cruise-Ships
Bulk and General Cargo Fleet
Offshore Support Vessels
Tanker Fleet
Container Fleet
Browse In-depth Market Research Report:
https://www.marketresearchfuture.com/reports/lng-bunkering-market-7741
Regional Analysis
The Global LNG bunkering market is segmented into five major regions namely: Asia-Pacific, North America, Europe, Latin America, and the Rest of the World including the Middle East & Africa. Among these different regions, North America holds the major market share while the Asia Pacific is the fastest-growing market segment. The strict fuel emission norms in North America are paving way for faster adoption of LNG bunkering. The ports in the Asia Pacific handle a large volume of marine trade as this region is emerging as a global manufacturing hub, so the demand for LNG bunkering is also increasing.
Industry News
The Marine shipping industry is rapidly responding to the changes made in the environmental laws. Hence, shipbuilding companies are increasing the adoption of LNG-based engines which is contributing to the growth of the LNG bunkering market.
Related Reports:
Wind Turbine Blade Market: https://www.marketresearchfuture.com/reports/wind-turbine-blade-market-1150
Hydraulic Components Market: https://www.marketresearchfuture.com/reports/hydraulic-component-market-9985
Global Oil Field Equipment Market: https://www.marketresearchfuture.com/reports/oil-field-equipment-market-1392
Solar Battery Market: https://www.marketresearchfuture.com/reports/solar-battery-market-10621
High Voltage Cables and Accessories Market: https://www.marketresearchfuture.com/reports/high-voltage-cables-accessories-market-908
Contact
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release LNG Bunkering Market to Grow CAGR of 45.1% By 2030 | Royal Dutch Shell plc., Engie,Bomin Linde LNG GmbH & Co. KG, Gasum Ltd. here
News-ID: 3451078 • Views: …
More Releases from Market Research Future (MRFR)
Payment Service Provider Market Projected to Hit USD 140.91 Billion at a 5.48% C …
Market Overview:
The Payment Service Provider (PSP) market has witnessed substantial growth over the past decade, driven by the explosive rise in digital commerce, mobile payments, and cross-border transactions. As businesses strive to streamline payment processes and deliver frictionless experiences to customers, the demand for robust, secure, and scalable PSP solutions has surged.
PSPs serve as intermediaries between merchants and financial institutions, enabling the acceptance of electronic payments via multiple methods…
Boundary Scan Hardware Market Poised for Growth, Reaching USD 3.16 Billion by 20 …
Market Overview:
The Boundary Scan Hardware Market has emerged as a crucial segment within the electronics testing and debugging industry, offering advanced solutions for fault detection and circuit verification in integrated circuits (ICs) and printed circuit boards (PCBs). Leveraging the IEEE 1149.1 standard, boundary scan commonly referred to as JTAG (Joint Test Action Group) provides a non-invasive and efficient testing methodology that minimizes the need for physical probes. Boundary Scan Hardware…
Metaverse for Automotive Market is Expected to Touch USD 123.51 Billion By 2034
Market Overview:
The Metaverse for Automotive Market is redefining how automakers, suppliers, and consumers interact in a digitally immersive world. With the integration of AR/VR, IoT, blockchain, and AI technologies, the automotive industry is stepping into the virtual realm to enhance everything from product design and manufacturing to marketing, sales, and customer service.
The global rise in digital transformation, coupled with increasing consumer demand for interactive and customized experiences, is fueling…
AGV Software Market to Grow at 10.82% CAGR, Hitting USD 6.46 Billion by 2034
Market Overview:
The AGV Software Market is rapidly evolving as industries shift towards intelligent automation and digital transformation in their logistics and material handling operations. AGV software acts as the brain of autonomous vehicles, enabling seamless navigation, scheduling, route optimization, fleet coordination, and task management. With the growing demand for efficient, contactless, and error-free logistics, AGV systems have found significant adoption across warehouses, manufacturing plants, ports, and healthcare facilities. AGV Software…
More Releases for LNG
LNG Bunkering Market Growth, Trends & Opportunities 2025 | Top key players - Tre …
LNG Bunkering Market, as analyzed in the study by DataM Intelligence, presents a detailed overview of the industry with in-depth insights, historical data, and key statistics. The report thoroughly examines market dynamics, competitive strategies, and major players, highlighting their product lines, pricing structures, financials, growth plans, and regional outreach.
The Global LNG Bunkering Market is expected to grow at a CAGR of 66.4% during the forecasting period (2024-2031).
Get a Free Sample…
Mea Floating Lng Power Vessel Market Emerging Trends and Growth Prospects 2034 | …
On April 8, 2025, Exactitude Consultancy., Ltd. released a research report titled "Mea Floating Lng Power Vessel Market". In-depth research has been compiled to provide the most up-to-date information on key aspects of the worldwide market. This research report covers major aspects of the Mea Floating Lng Power Vessel Market including drivers, restraints, historical and current trends, regulatory scenarios, and technological advancements. It provides the industry overview with growth analysis…
What's Driving the LNG Bunkering Market Trends? Key Companies are Skangass AS., …
A research report on 'LNG Bunkering Market' Added by DEC Research features a succinct analysis on the latest market trends. The report also includes detailed abstracts about statistics, revenue forecasts and market valuation, which additionally highlights its status in the competitive landscape and growth trends accepted by major industry players.
Request a sample of this research report @ https://www.decresearch.com/request-sample/detail/702
The size of LNG Bunkering Market was registered at USD 800 Million in…
LNG Bunkering Market Key Players Polskie LNG, Eagle LNG, ENN Energy, EVOL LNG, F …
The LNG Bunkering Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the LNG Bunkering industry based on product segment, technology, end user segment and region.
As per a recent news snippet, the Caribbean is one of the most lucrative regions for LNG bunkering market, as the shipping sector seeks compliance…
LNG Bunkering Industry to surpass $12bn by 2024:ENGIE,Polskie LNG,Eagle LNG, ENN …
LNG Bunkering Market size is set to exceed USD 12 billion by 2024.Growing demand for cleaner fuel coupled with strict emission regulations to reduce the airborne emissions predominantly in North America and Europe will stimulate LNG bunkering market. In 2015, International Maritime Organization (IMO) introduced Tier III norms to curb NOx emissions from marine vessels among Emission Control Areas (ECAs) under maritime boundaries.
Request for a sample copy of this…
Global Liquefied Natural Gas (LNG) Market 2018-22 : LNG bunkering, progressing L …
ResearchMoz presents Professional and In-depth Study of "Global Liquefied Natural Gas (LNG) Market: Industry Analysis & Outlook (2018-2022)" with coming years Industries Trends, Projections of Global Growth, Major Key Player and Case Study, Review, Share, Size, Effect.
' '
Liquefied Natural Gas (LNG) is a liquid form of natural gas, which is composed mainly of methane and other gases such as Ethane, Propane, Butane and Nitrogen. LNG liquefaction is a procedure…
