Global LNG as a Bunker Fuel Market, By Navigation Area (Inland Waterways and Ocean & Sea), By Application (LNG Ships, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI26219 | Publish Date: November 2023 | No. of Pages: 145

Global LNG As A Bunker Overview

Liquefied Natural Gas (LNG) is a colourless, clear, non-corrosive liquid and non-toxic that is converted to liquid by cooling of natural gas at a cryogenic temperature of -162°C. Furthermore, LNG is expected to be less costly than marine gas oil, which drives the LNG as a Bunker Fuel market. 

According to the latest mandate by International Maritime Organization it was stated that the proposed sulphur content limit wil be reduced to 0.5% from current 3.5% , on the global basis effective from 2020. Hence, it is proven that use of LPG as ship fuel will reduce sulphur oxide (SOx) emissions by 90%-95% 

However, the cost of building or retrofitting LNG engine ship is relatively high, that restrain the market.  Moreover, LNG also requires more space for storage tanks i.e. 3% of container ship’s twenty-foot equivalent unit (TEU) slots. 

The global LNG as a bunker fuel market is segmented on the basis of navigation area, application and region.

On the basis of navigation area, the global LNG as a bunker fuel market is segmented into Inland Waterways and Ocean & Sea. 

Further, on the basis of application the market is segmented into LNG Ships, and Others. LNG sips segment is projected to account for highest market share over the other segment, which is attributed to increasing trade activities across the countries. 

On the basis of region, the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The LNG as a bunker fuel market in Europe accounted for highest revenue share, in 2018 and is expected to maintain its dominance over the forecast period owing to increased capital investments for LNG bunkering, coupled with increasing seaborne trade from Europe. 

Key players operating in the global LNG as a bunker fuel market includes Royal Dutch Shell Plc, Gasum Oy, Statoil ASA, Barents Natural Gas AS, The Linde Group, ENGIE SA, Korea Gas Corporation, Kunlun Energy Company Ltd., Eni s.p.A, CNOOC Limited, and Energize.

Global LNG As A Bunker Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Navigation Area
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

LNG as a Bunker Fuel Market, By Navigation Area, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Inland Waterways  
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Ocean & Sea
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

LNG as a Bunker Fuel Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • LNG Ships
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

LNG as a Bunker Fuel Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Navigation Area, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Navigation Area, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Navigation Area, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Navigation Area, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Navigation Area, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Royal Dutch Shell Plc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Gasum Oy
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Statoil ASA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Barents Natural Gas AS
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Linde Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ENGIE SA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Korea Gas Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kunlun Energy Company Ltd.
    •  Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
    •  
  • Eni s.p.A
    •  Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CNOOC Limited
    •  Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The LNG as a bunker fuel market is segmented into navigation area, application and region.

Driving factors in the LNG as a Bunker Fuel Market include the increasing focus on cleaner marine fuels, stringent emission regulations, and the growing adoption of LNG as a sustainable alternative in the maritime sector.

Global restraints in the LNG as a Bunker Fuel Market involve infrastructure challenges, initial investment costs, and the need for a robust supply chain to support widespread adoption.

The report covers regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The region expected to dominate the LNG as a Bunker Fuel Market is Asia Pacific, with a significantly high projected revenue share over the forecast period.

Key players operating in the global LNG as a bunker fuel market includes Royal Dutch Shell Plc, Gasum Oy, Statoil ASA, Barents Natural Gas AS, The Linde Group, ENGIE SA, Korea Gas Corporation, Kunlun Energy Company Ltd., Eni s.p.A, CNOOC Limited, and Energize.