TechnologyLNG bunkering market Size 2022, Share and Industry forecast 2027 By Chris GreenwaltyNovember 7, 2022 The latest research study “LNG bunkering market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group The global LNG bunkering market size reached US$ 2.53 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.1 Billion by 2027 exhibiting a CAGR of 8.10% during 2022-2027. Covid-19 Impact: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. Request For Sample Report: https://www.imarcgroup.com/lng-bunkering-market/requestsample Industry Definition and Application: The LNG bunkering process usually involves providing LNG fuel to ships as well as loading and distributing it among their tanks. Furthermore, LNG fuel has a lower sulfur content and requires comparatively less processing to meet the sulfur levels. Consequently, it is used as an eco-friendly alternative to conventional fuel in inland vessels, ferries, container fleet, etc. In line with this, LNG reduces sulfur and particulate matter to negligible levels while minimizing nitrogen oxide emissions. As a marine fuel, it offers various benefits, including lower operating and shipment costs, improved safety, non-toxic properties, etc. LNG bunkering market Trends and Drivers: The growing number of gas exploration and production activities and the inflating levels of industrialization are primarily driving the LNG bunkering market. Additionally, the implementation of several stringent environmental regulations by government bodies across countries regarding sulfur content in marine fuel, increasing pollution levels caused by ship transportation, and continuous advancements in the distribution infrastructures of LNG are further catalyzing the market growth. Besides this, the widespread adoption of LNG as a shipping fuel with an enhanced focus on sustainable development and its easy availability in maritime hubs are also positively influencing the global market. Moreover, the introduction of LNG manufacturing and storage facilities and the rising utilization of truck-to-ship LNG bunkering practices are acting as significant growth-inducing factors. Apart from this, the elevating consumer concerns towards the depletion of fossil fuels and extensive investments in R&D activities by the leading manufacturers are anticipated to fuel the LNG bunkering market over the forecasted period. LNG Bunkering Market Report Scope Report Coverage Details Market size value in 2021 US$ 2.53 Billion Market forecast in 2027 US$ 4.1 Billion Growth Rate CAGR of 8.10% from 2022 to 2027 Base year for estimation 2021 Historical data 2016-2021 Forecast period 2022-2027 Report coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, And Trends Segments covered Product Type and Application Regional scope United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico Key companies profiled Broadview Energy Solutions B.V., Crowley Maritime Corporation, Gasum Oy, Harvey Gulf International Marine LLC, Korea Gas Corporation, Petroliam Nasional Berhad (PETRONAS), Shell plc, SHV Energy NV (SHV Holdings), TotalEnergies SE and Trelleborg AB. Market Dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Report Segmentation: The report has been segmented the market into following categories: Breakup by Product Type: Ship-to-Ship Truck-to-Ship Port-to-Ship Portable Tanks Breakup by Application: Cargo Fleet Container Fleet Tanker Fleet Ferries Inland Vessels Others By Geography: North America United States Canada Asia-Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa List of Major Key Players: The major players in the market are Broadview Energy Solutions B.V., Crowley Maritime Corporation, Gasum Oy, Harvey Gulf International Marine LLC, Korea Gas Corporation, Petroliam Nasional Berhad (PETRONAS), Shell plc, SHV Energy NV (SHV Holdings), TotalEnergies SE and Trelleborg AB. Key highlights of the report: Market Performance (2016-2021) Market Outlook (2022- 2027) Porter’s Five Forces Analysis Market Drivers and Success Factors SWOT Analysis Value Chain Comprehensive Mapping of the Competitive Landscape If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. About Us: IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact Us: IMARC Services Private Limited. 30 N Gould St Ste R Sheridan, WY 82801 USA – Wyoming Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
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