Market Dynamics
The increase in the supply of LNG is notably driving the LNG bunkering market growth, although factors such as high capital requirements for using LNG as a marine fuel may impede the market growth.
Learn about more drivers, challenges, and trends that are impacting the growth of the LNG bunkering market. View Our Free Sample Report Now
Vendor Analysis
The global LNG bunkering market is a fragmented market because of the presence of many large and regional players. The market constitutes diversified vendors that supply LNG as a marine fuel as well as for other applications. In 2020, with the introduction of sulfur regulations by IMO, the demand for LNG as a marine fuel was expected to grow significantly. This reduces the intensity of competition in the market among vendors. The majority of the vendors produce LNG and offer LNG bunkering services through various modes of operations like STS and TTS.
Some of the companies covered in this report are 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, etc.
Competitive Analysis
The competitive scenario provided in the LNG bunkering market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
- By end-user, the market is classified into tanker, ferry and ro-ro, container, and others. The tanker segment contributes the largest share of the market. With the development of fuel-efficient technologies for tankers and stringent regulations, the global LNG bunkering market for tankers is expected to grow in the coming years.
- By geography, the market is classified into EMEA, APAC, and Americas. EMEA will have the largest share of the market. According to our research, 65% of the market's growth will originate from EMEA during the forecast period. The significant rise in the production of LNG and the ongoing strategic alliances among key vendors will drive the LNG bunkering market growth in EMEA during the forecast period. Norway, The Netherlands, and Denmark are the key countries for the LNG bunkering market in EMEA. However, market growth in this region will be slower than the growth of the market in other regions.
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LNG Bunkering Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 19.47% |
Market growth 2022-2026 |
USD 755.39 million |
Market structure |
Fragmented |
YoY growth (%) |
18.76 |
Regional analysis |
EMEA, APAC, and Americas |
Performing market contribution |
EMEA at 65% |
Key consumer countries |
US, Norway, The Netherlands, Denmark, and Singapore |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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 |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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
- 3.4 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
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 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
- 11.2 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 Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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