LNG Bunkering Market to Develop at 63.6% CAGR, Europe Emerges as the Strongest Regional Market: Transparency Market Research

Market veterans anticipate the sulfur emission norms to tighten further, resulting in a widening gap between natural gas and conventional fuel prices. Impelled by such factors, the development of LNG bunkering infrastructure has paced up in the aforementioned European regions. The majority of LNG bunkering stations are currently located in Northern Europe. These stations are designed specifically to cater to the fuel demands of inland vessels as well as large ships docking at ports in ECAs. Enhanced initiatives adopted by port authorities and financial assistance from the European Union are expected to propel the development of LNK bunkering stations across the most prominent trading centers in Europe. 

 

Get Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3231

 

Continuously dropping prices of natural gas in North America will boost the sales of LNG bunker fuel in North American ports, according to the report. Likewise, Asia Pacific countries such as South Korea and China have substantially invested in the development of LNG bunker fuel. Moreover, no stringent regulations are likely to be imposed on the use of bunker fuel in this region before 2020. Hence, the demand for bunker fuel in Asia Pacific is projected in the report to grow from 2020 onwards. 

 

Bunker fuel is primarily consumed by marine vessels such as bulk and general cargo vessels, tankers, container ships, offshore port vessels, and ferries. Since ferries and support vessels spend their maximum voyage time within ECAs, shipping companies operating these vessels are gradually shifting from traditional engines to LNG-fuelled vessels. Hence, ferries and offshore support vessels account for a major share of the global LNG bunker fuel market. Rising container traffic in both Europe and Asia Pacific will boost the adoption of LNG as a bunker fuel by containers in both the regions. To present a comprehensive market overview, the report also profiles the leading players operating in the market, such as Bomin Linde LNG GmbH & Co. KG, GDF SUEZ S.A, Korea Gas Corporation, Gasnor AS, Skangass AS, and Harvey Gulf International Marine LLC.  

 

Browse the full LNG Bunkering Market (By Vessel Segment - Tankers, Container Ships, Bulk & General Cargo Vessels, and Ferries & Offshore Support Vessels): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2025 report at http://www.transparencymarketresearch.com/lng-bunker-fuel-market.html

 

The global LNG bunkering market has been segmented as below:

 

LNG Bunkering Market: End User Analysis

LNG Bunkering Market: Regional Analysis 

About Us

 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.