NEW YORK, July 18, 2022 /PRNewswire/ — Liquefied natural gas (LNG) bunkering is the practice of providing LNG fuel to a ship for its own consumption. The need to cut emissions caused by ship transportation is propelling the demand for environmentally sustainable marine fuel such as LNG. This has encouraged ports to develop LNG bunkering facilities.
The global LNG bunkering market is expected to grow by USD 755.39 mn from 2021 to 2026, according to Technavio. In addition, the growth momentum of the market will accelerate at a CAGR of 19.47% during the forecast period.
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Market Driver
The increase in the supply of LNG is driving the growth of the market. As per the IEA, a rise in the production of natural gas in the US will account for 40% of the growth in global natural gas output by 2022. By 2022, the US is expected to produce 890 bcm, or 22% of the global natural gas production. In addition, the Middle East is expected to add 70 bcm to global natural gas production because the production is expected to rise to 650 bcm by 2022. Russia is the second-largest producer of natural gas after the US and has high underutilized natural gas production capacity in the Yamal Peninsula. Thus, the increase in natural gas production has led to a rise in the production of LNG, which is projected to boost market growth during the forecast period.
Major LNG Bunkering Companies
Arkas Holding SA
Broadview Energy Solutions B.V.
Crowley Maritime Corp.
Eagle LNG Partners
Energir
ENN Energy Holdings Ltd.
Equinor ASA
EVOL LNG
Fluxys SA
Gasum Oy
Harvey Gulf International Marine LLC
Naturgy Energy Group SA
Petroliam Nasional Berhad
Petronet LNG Ltd.
QLNG Transport LLC
Royal Dutch Shell Plc
SHV Holdings NV
Singapore Technologies Engineering Ltd.
TotalEnergies SE
Trelleborg AB
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Key Vendor Offerings
Broadview Energy Solutions B.V. – The company offers LNG bunkering services. Under the unified segment, the company offers equipment and services for the transition to cleaner fuels, LNG/ BIO-LNG supply, gas equipment, equipment leasing, and many more.
LNG Bunkering Market End-user Outlook (Revenue, USD mn, 2021-2026)
Tanker – size and forecast 2021-2026
Ferry and ro-ro – size and forecast 2021-2026
Container – size and forecast 2021-2026
Others – size and forecast 2021-2026
LNG Bunkering Market Geography Outlook (Revenue, USD mn, 2021-2026)
EMEA – size and forecast 2021-2026
APAC – size and forecast 2021-2026
Americas – size and forecast 2021-2026
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Revenue-generating End-user Segments
The tanker segment will contribute the highest market share growth during the forecast period. The growth of this segment is attributed to the development of fuel-efficient technologies for tankers and stringent regulations.
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LNG Bunkering Market in Europe by End-user and Geography – Forecast and Analysis 2022-2026
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LNG Bunkering Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 19.47% |
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Market growth 2022-2026 |
USD 755.39 million |
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Market structure |
Fragmented |
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YoY growth (%) |
18.76 |
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Regional analysis |
EMEA, APAC, and Americas |
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Performing market contribution |
EMEA at 65% |
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Key consumer countries |
US, Norway, The Netherlands, Denmark, and Singapore |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Arkas Holding SA, Broadview Energy Solutions B.V., Crowley Maritime Corp., Eagle LNG Partners, Energir, ENN Energy Holdings Ltd., Equinor ASA, EVOL LNG, Fluxys SA, Gasum Oy, Harvey Gulf International Marine LLC, Naturgy Energy Group SA, Petroliam Nasional Berhad, Petronet LNG Ltd., QLNG Transport LLC, Royal Dutch Shell Plc, SHV Holdings NV, Singapore Technologies Engineering Ltd., TotalEnergies SE, and Trelleborg AB |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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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. |
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by End-user
5.1 Market segments
Exhibit 24: Chart on End-user – Market share 2021-2026 (%)
Exhibit 25: Data Table on End-user – Market share 2021-2026 (%)
5.2 Comparison by End-user
Exhibit 26: Chart on Comparison by End-user
Exhibit 27: Data Table on Comparison by End-user
5.3 Tanker – Market size and forecast 2021-2026
Exhibit 28: Chart on Tanker – Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Tanker – Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Tanker – Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Tanker – Year-over-year growth 2021-2026 (%)
5.4 Ferry and ro-ro – Market size and forecast 2021-2026
Exhibit 32: Chart on Ferry and ro-ro – Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Ferry and ro-ro – Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Ferry and ro-ro – Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Ferry and ro-ro – Year-over-year growth 2021-2026 (%)
5.5 Container – Market size and forecast 2021-2026
Exhibit 36: Chart on Container – Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Container – Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Container – Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Container – Year-over-year growth 2021-2026 (%)
5.6 Others – Market size and forecast 2021-2026
Exhibit 40: Chart on Others – Market size and forecast 2021-2026 ($ million)
Exhibit 41: Data Table on Others – Market size and forecast 2021-2026 ($ million)
Exhibit 42: Chart on Others – Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Others – Year-over-year growth 2021-2026 (%)
5.7 Market opportunity by End-user
Exhibit 44: Market opportunity by End-user ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 46: Chart on Market share by geography 2021-2026 (%)
Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 48: Chart on Geographic comparison
Exhibit 49: Data Table on Geographic comparison
7.3 EMEA – Market size and forecast 2021-2026
Exhibit 50: Chart on EMEA – Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on EMEA – Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on EMEA – Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on EMEA – Year-over-year growth 2021-2026 (%)
7.4 APAC – Market size and forecast 2021-2026
Exhibit 54: Chart on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on APAC – Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on APAC – Year-over-year growth 2021-2026 (%)
7.5 Americas – Market size and forecast 2021-2026
Exhibit 58: Chart on Americas – Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Americas – Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Americas – Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Americas – Year-over-year growth 2021-2026 (%)
7.6 Norway – Market size and forecast 2021-2026
Exhibit 62: Chart on Norway – Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on Norway – Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on Norway – Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Norway – Year-over-year growth 2021-2026 (%)
7.7 Singapore – Market size and forecast 2021-2026
Exhibit 66: Chart on Singapore – Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on Singapore – Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on Singapore – Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Singapore – Year-over-year growth 2021-2026 (%)
7.8 The Netherlands – Market size and forecast 2021-2026
Exhibit 70: Chart on The Netherlands – Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on The Netherlands – Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on The Netherlands – Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on The Netherlands – Year-over-year growth 2021-2026 (%)
7.9 US – Market size and forecast 2021-2026
Exhibit 74: Chart on US – Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on US – Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on US – Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on US – Year-over-year growth 2021-2026 (%)
7.10 Denmark – Market size and forecast 2021-2026
Exhibit 78: Chart on Denmark – Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Denmark – Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Denmark – Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Denmark – Year-over-year growth 2021-2026 (%)
7.11 Market opportunity by geography
Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 Broadview Energy Solutions B.V.
Exhibit 89: Broadview Energy Solutions B.V. – Overview
Exhibit 90: Broadview Energy Solutions B.V. – Product / Service
Exhibit 91: Broadview Energy Solutions B.V. – Key offerings
10.4 Crowley Maritime Corp.
Exhibit 92: Crowley Maritime Corp. – Overview
Exhibit 93: Crowley Maritime Corp. – Product / Service
Exhibit 94: Crowley Maritime Corp. – Key offerings
10.5 Eagle LNG Partners
Exhibit 95: Eagle LNG Partners – Overview
Exhibit 96: Eagle LNG Partners – Product / Service
Exhibit 97: Eagle LNG Partners – Key offerings
10.6 Gasum Oy
Exhibit 98: Gasum Oy – Overview
Exhibit 99: Gasum Oy – Product / Service
Exhibit 100: Gasum Oy – Key offerings
10.7 Harvey Gulf International Marine LLC
Exhibit 101: Harvey Gulf International Marine LLC – Overview
Exhibit 102: Harvey Gulf International Marine LLC – Product / Service
Exhibit 103: Harvey Gulf International Marine LLC – Key offerings
10.8 Petroliam Nasional Berhad
Exhibit 104: Petroliam Nasional Berhad – Overview
Exhibit 105: Petroliam Nasional Berhad – Business segments
Exhibit 106: Petroliam Nasional Berhad – Key news
Exhibit 107: Petroliam Nasional Berhad – Key offerings
Exhibit 108: Petroliam Nasional Berhad – Segment focus
10.9 Royal Dutch Shell Plc
Exhibit 109: Royal Dutch Shell Plc – Overview
Exhibit 110: Royal Dutch Shell Plc – Business segments
Exhibit 111: Royal Dutch Shell Plc – Key offerings
Exhibit 112: Royal Dutch Shell Plc – Segment focus
10.10 SHV Holdings NV
Exhibit 113: SHV Holdings NV – Overview
Exhibit 114: SHV Holdings NV – Product / Service
Exhibit 115: SHV Holdings NV – Key offerings
10.11 TotalEnergies SE
Exhibit 116: TotalEnergies SE – Overview
Exhibit 117: TotalEnergies SE – Business segments
Exhibit 118: TotalEnergies SE – Key news
Exhibit 119: TotalEnergies SE – Key offerings
Exhibit 120: TotalEnergies SE – Segment focus
10.12 Trelleborg AB
Exhibit 121: Trelleborg AB – Overview
Exhibit 122: Trelleborg AB – Business segments
Exhibit 123: Trelleborg AB – Key news
Exhibit 124: Trelleborg AB – Key offerings
Exhibit 125: Trelleborg AB – Segment focus
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 126: Inclusions checklist
Exhibit 127: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 128: Currency conversion rates for US$
11.4 Research methodology
Exhibit 129: Research methodology
Exhibit 130: Validation techniques employed for market sizing
Exhibit 131: Information sources
11.5 List of abbreviations
Exhibit 132: List of abbreviations
About Technavio
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