LNG Bunkering Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for LNG Bunkering market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The LNG Bunkering is projected to rise moderately in the projected time frame of 2023-2030.
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport.
LNG is an attractive fuel choice for many vessels because it exceeds the air quality standards set forth. It takes up about 1/600th the volume of natural gas in the gaseous state. It is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia.
The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately −162 °C (−260 °F); maximum transport pressure is set at around 25 KPa (4 psi).
LNG Bunkering is a particular type of operation where LNG fuel is transferred from a given distribution source to a LNG fuelled ship. It involves the participation of different stakeholders, from the ship-side, LNG supplier, ports, safety personnel, administrations and policy makers. In this report, LNG bunkering only refers to LNG bunkering fuel.
The International Maritime Organization has established regulations on the fuel sulphur content of ship fuels and set mandatory NOx emission limits for new-build engines. These regulations are implemented through the IMO\'s International Convention for the Prevention of Pollution from Ships (MARPOL). In addition to these engine and fuel requirements, certain areas have also been designated as emission control areas where stricter emissions limits are enforced. Besides air quality measures the IMO is also introducing instruments to monitor and reduce GHG emissions from shipping.
The US EPA has implemented MARPOL Annex VI in its national legislation NOx and sulphur emission control areas The US EPA has also introduced a \"Ports Initiative\" to look at protecting human health, addressing climate change and supporting economic growth. The state of California has also adopted several state-specific regulations. The Clean Fuel Regulation for Ocean Going Vessels regulates the fuel sulphur content of ship fuels used by vessels within 24 nautical miles of the California coast. The At-Berth Regulation requires vessels to plug into shore power or use alternative controls to meet emission reduction requirements.
The European Union\'s Fuel Sulphur Directive implements MARPOL Annex VI in EU legislation. Non-EU countries like Norway and Russia have likewise implemented Annex VI in national legislation. In addition, the EU is promoting the use of LNG as a ship fuel. To this end, an EU proposal on alternative fuel infrastructure aims to guarantee sufficient infrastructure in the form of LNG bunkering stations and terminals, while at the same time provide subsidies via the TEN-T fund to develop and further improve such infrastructure.
Global LNG Bunkering market size will increase to 61100 Million US$ by 2030, from 1200 Million US$ in 2020, at a CAGR of 63.5% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for LNG Bunkering.
Objectives of Research:
- The overview of the global LNG Bunkering market
- Report comprised of the market companies, to describe and define and analyze the LNG Bunkering market value, share competition landscape, development plans and SWOT analysis.
- The report also involves the structure of the industry by identifying its several sub-segments.
- To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market:
The major competitors working in the market are:
, Skangas, Shell (Gasnor), Statoil, Barents Naturgass, Engie, Bomin and Linde, Eni Norge, Harvey Gulf, Polskie LNG, Korea Gas Corp, Gaz Metro
Market by Order Type
Truck-to-Ship
Ship-to-Ship
Port-to-Ship
Others
LNG Bunkering Data by Application
Container Vessels
Tanker Vessels
Bulk & General Cargo Vessels
Ferries & OSV
Others
LNG Bunkering Production Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
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The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
- Summary of the LNG Bunkering market comprising definition
- LNG Bunkering Market Growth Drivers, Restrains, Challenges and opportunities
- Major trends which is impacting the global LNG Bunkering market
- LNG Bunkering Market segmentation and complete information about the market
- Regional analysis of the market
- Which regional market will develop as a champion at intervals in the coming years?
- What are the top companies at intervals in the global LNG Bunkering market?
- What are the growth strategies of the key players to sustain hold at intervals in the global LNG Bunkering market?
Table of Content
LNG Bunkering Market – Overview
1.1 Definitions, Overview, and Scope
1.2 Drivers, Restrain, Challenges, Opportunities
LNG Bunkering Market – Executive Summary
2.1 Market Revenue and Major Trends, and Challenges
LNG Bunkering Market – Comparative Analysis
3.1 Product Benchmarking
3.2 Financial Overview
3.3 Market Cost Divided
3.4 Estimating Examination
LNG Bunkering Market – Industry Market Entry Scenario
4.1 Governing Outline Summary
4.2 New Business index
4.3 Case Studies of Positive Schemes
LNG Bunkering Market Forces
5.1 Market Drivers
5.2 Market Restrains
5.3 Market New Opportunities
5.4 Market Challenges
5.4 Porters five force model
LNG Bunkering Market – Strategic Complete Overview
6.1 Value Chain Analysis
6.2 Market Opportunities Analysis
6.3 Market Challenges Analysis
6.4 Market Life Cycle
LNG Bunkering Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
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