Energy & Environment Industry Today
LNG Bunkering Market size for 2016 was valued over USD 800 Million and the capacity is set to exceed 18,500 kilotons by 2024
Shifting trends towards clean energy coupled with stringent government regulations to minimize airborne emissions including sulfur and nitrous oxide will drive the global LNG bunkering market size. Ability to reduce carbon emission by 20% to 25% will make its adoption preferable over other available counterparts.
Published 08 February 2018
The rise in the number of peak shaving plants will lead to a surge in the demand for LNG, thus creating a favorable roadmap for LNG bunkering market. The high demand for LNG bunkers can be attributed to the abilities of LNG to considerably reduce carbon emissions, methane slip, and air pollution. LNG bunkers find massive applications in offshore support vessels, container vessels, ferries, cruise-ships, and bulk carriers, on the grounds of which it can be safely assumed that the growth of LNG bunkering market will create lucrative avenues for major corporations to explore the business. Global Market Insights, Inc., states that LNG bunkering industry revenue, which was estimated at more than USD 800 million in 2016, is projected to surpass USD 12 billion by 2024.
As per the current EU guidelines, every member country is required to have at least one LNG bunkering port. Statistics claim that nearly 139 ports in Europe are expected to be LNG bunkered by 2025. Improved LNG bunkering infrastructure facilities across Rotterdam, Zeebrugge, and Stockholm ports in the Northwestern part of the Europe are expected to boost LNG bunkering market trends across the region.
Exceptional LNG bunkering infrastructural growth across the Fourchon and Jacksonville ports on the U.S. Gulf & East coast along with the development of various ports with LNG bunkering facility across the southeast, great lakes, Pacific Northwest, and Gulf of Mexico in the North American region, will have a major impact on LNG bunkering industry size in the North American region.
Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/702
Asia Pacific LNG bunkering market is expected to witness a lucrative surge over the next few years, subject to the presence of world’s busiest LNG bunker ports in China and Singapore along with enhancement of LNG bunkering infrastructure facility across various shipping routes across the region.
China LNG bunkering market growth map is expected to experience a massive upward surge with the expansion of LNG bunkering infrastructure. South Korea industry is also anticipated to witness a similar growth trend with LNG bunkering facilities made available in Incheon port. Countries such as Japan and Australia are also expected to build LNG bunkering ports across their coasts, thereby further fueling the industry revenue across the region.
Escalating LNG bunkering industry expansion in Qatar can be credited to ample supply of LNG across the region along with growing strict government legislations to minimize the greenhouse effects
SEA/LNG, a multi-sector industry coalition strongly promoting the use of LNG as a marine fuel, has declared the inclusion of firms such as Mitsui & Company Limited, Sumitomo Corporation, and NOVATEK Gas & Power in its fold.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/702
Stringent guidelines regarding fuel emissions across marine transportation have encouraged NOVATEK to penetrate LNG bunkering market. Today, the growing demand for cleaner fuels with the lingering threat of global warming form a major part of the discussions on global environmental concerns. This has driven firms such as NOVATEK to opt for LNG as a fuel for its marine fleet, thereby encouraging the infrastructural growth and impacting LNG bunkering industry.
Sumitomo, which has invested in the major LNG liquefaction venture in the U.S., has joined SEA/LNG to promote the extensive use of LNG as a marine fuel, which will undeniably leave an impact on LNG bunkering industry size over the years to come.
Browse Related Report
FLNG Market Size By Technology (LNG FPSO, FSRU), By Capacity (Small/Mid-Scale, Large Scale), Industry Analysis Report, Regional Outlook (U.S., UK, Russia, China, Australia, Indonesia, Malaysia, India, Pakistan, UAE, Turkey, Egypt, Congo, Equatorial Guinea, Cameroon, Mozambique, Ghana, Brazil, Chile, Colombia), Price Trends, Competitive Market Share & Forecast, 2017-2024
https://www.gminsights.com/industry-analysis/floating-liquefied-natural-gas-flng-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
As per the current EU guidelines, every member country is required to have at least one LNG bunkering port. Statistics claim that nearly 139 ports in Europe are expected to be LNG bunkered by 2025. Improved LNG bunkering infrastructure facilities across Rotterdam, Zeebrugge, and Stockholm ports in the Northwestern part of the Europe are expected to boost LNG bunkering market trends across the region.
Exceptional LNG bunkering infrastructural growth across the Fourchon and Jacksonville ports on the U.S. Gulf & East coast along with the development of various ports with LNG bunkering facility across the southeast, great lakes, Pacific Northwest, and Gulf of Mexico in the North American region, will have a major impact on LNG bunkering industry size in the North American region.
Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/702
Asia Pacific LNG bunkering market is expected to witness a lucrative surge over the next few years, subject to the presence of world’s busiest LNG bunker ports in China and Singapore along with enhancement of LNG bunkering infrastructure facility across various shipping routes across the region.
China LNG bunkering market growth map is expected to experience a massive upward surge with the expansion of LNG bunkering infrastructure. South Korea industry is also anticipated to witness a similar growth trend with LNG bunkering facilities made available in Incheon port. Countries such as Japan and Australia are also expected to build LNG bunkering ports across their coasts, thereby further fueling the industry revenue across the region.
Escalating LNG bunkering industry expansion in Qatar can be credited to ample supply of LNG across the region along with growing strict government legislations to minimize the greenhouse effects
SEA/LNG, a multi-sector industry coalition strongly promoting the use of LNG as a marine fuel, has declared the inclusion of firms such as Mitsui & Company Limited, Sumitomo Corporation, and NOVATEK Gas & Power in its fold.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/702
Stringent guidelines regarding fuel emissions across marine transportation have encouraged NOVATEK to penetrate LNG bunkering market. Today, the growing demand for cleaner fuels with the lingering threat of global warming form a major part of the discussions on global environmental concerns. This has driven firms such as NOVATEK to opt for LNG as a fuel for its marine fleet, thereby encouraging the infrastructural growth and impacting LNG bunkering industry.
Sumitomo, which has invested in the major LNG liquefaction venture in the U.S., has joined SEA/LNG to promote the extensive use of LNG as a marine fuel, which will undeniably leave an impact on LNG bunkering industry size over the years to come.
Browse Related Report
FLNG Market Size By Technology (LNG FPSO, FSRU), By Capacity (Small/Mid-Scale, Large Scale), Industry Analysis Report, Regional Outlook (U.S., UK, Russia, China, Australia, Indonesia, Malaysia, India, Pakistan, UAE, Turkey, Egypt, Congo, Equatorial Guinea, Cameroon, Mozambique, Ghana, Brazil, Chile, Colombia), Price Trends, Competitive Market Share & Forecast, 2017-2024
https://www.gminsights.com/industry-analysis/floating-liquefied-natural-gas-flng-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
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