LNG Bunkering Market is Forecasted to Reach US$ 9.46 Billion in 2030, Says Stratview Research

The global LNG bunkering market is projected to witness a growth rate of 30% annually from 2024 to 2030, with an anticipated size of US$ 9.46 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global LNG bunkering market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1828/LNG-bunkering-market.html#form

Report Highlights:
Market Size in 2030: US$ 9.46 billion
Growth (CAGR): 30% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the LNG Bunkering Market:

The global LNG bunkering market is segmented based on product type, end-use type, and region.

Based on product type - The LNG bunkering market is segmented as truck-to-ship, port-to-ship, ship-to-ship, and portable tanks. The ship-to-ship segment is expected to observe an expansion of over 60% by 2024, owing to its quick transfer operations and high capacity. Capacity to allow the movement of cargo and bunkering operations to occur simultaneously, which will further glorify the industry landscape during the forecast period. On the other hand, the availability of pipelines on ports along with larger hoses to elevate the bunkering rate, will positively influence the port-to-ship market size. Low cost and quick transfer operations will go a long way in promoting the acceptance of truck-to-ship operations.

Based on end-use type - The market is segmented into RO-Pax (Cruise-ships, ferries, and Roll-On and Roll-Off car carriers), Container Vessels, bulk Carriers, and Offshore Support Vessels. The RO-Pax segment 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 and Roll-Off car carriers. Sanguine outlook towards international maritime trade coupled with stringent environmental regulations to steer the market with lucrative returns.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1828/LNG-bunkering-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America led the market for LNG bunkering in 2023 and is expected to maintain its indubitable lead during the forecast period. This growth outlook is majorly attributed to the following-

• The growth of the region can be attributed to the current shale production with stringent emission norms, which will flourish 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 have substantial growth opportunities over the forecast period.

LNG Bunkering Market Drivers:

Some of the key drivers listed in the report are given below.
• Stringent environmental regulations
• Cost Effectiveness
• Increasing investments in LNG infrastructure

Top Companies in the LNG Bunkering Market:

Stratview Research has identified the following companies as the top market players.
• 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.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the LNG Bunkering Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Gas Carrier and Storage Composite Pressure Vessels Market: https://www.stratviewresearch.com/2305/gas-carrier-and-storage-composite-pressure-vessels-market.html

Postal Address:
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176

About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.