Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been converted to liquid form for ease of storage or transport.
First, the LNG as a bunker fuel industry is concentrated around the ECA territories in the world, both on supply and consumption market, especially Northern Europe (Norway). These years, the North America and East Asia have generally shown attention to the potential for LNG as a bunker fuel, especially in South Korea Japan and China.
Second, in the world wide, the LNG powered ships usually sail on the sea, but for China, it is mostly distributed on the river. China government puts a lot of effort on LNG as a bunker fuel project since 2010, and now comes out a few good results, but due to the higher conversion and new construction fees, belonging with the fledgling bunker fuel network system, now the LNG as a bunker fuel industry is still holding on for the large range development.
Third, company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth, also there are many companies adding investment on LNG bunker and LNG powered ship industry. All of them indicates and promotes the healthy develop trend of LNG as a bunker fuel industry.
Fourth, this industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in the likely ECA territories, the need of LNG as a bunker fuel will increase.
Fifth, we tend to believe this industry now is still on a rapid develop period, and the consumption increasing degree will show a fast grow curve. On product prices, the slight fluctuation trend in recent years will maintain in the future. With the technology of LNG ship motor development, the demand market of LNG as a bunker fuel will be brighter.
The LNG as a Bunker Fuel market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for LNG as a Bunker Fuel.
This report presents the worldwide LNG as a Bunker Fuel market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
General Dynamics NASSCO
VT Halter Marine
Gulf Coast Shipyard Group
Aker Philadelphia Shipyard
Ocean Tug & Barge Engineering
Damen Shipyards Group
Hyundai Heavy Industries
Jiangsu Dajin Heavy Industry
Wuhu Hongri Shipping company
Jiangsu Zhengjiang Shipyard
CSSC Guangzhou Huangpu Shipbuilding
Chongqing Jiangjin Feida
Jiangsu Qinfeng Chuanwu
Tsuji Heavy Industries
Jiangsu Jinyang Shipbuilding
Taizhou Jiangbei Zaochuanchang
LNG as a Bunker Fuel Breakdown Data by Type
Truck to Ship (TTS)
Port to Ship (PTS)
Ship to Ship (STS)
LNG as a Bunker Fuel Breakdown Data by Application
Coastal tanker/bulk carrier
Platform Supply Vessel
Smaller passenger ship
Big fishing vessel
LNG as a Bunker Fuel Production by Region
LNG as a Bunker Fuel Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global LNG as a Bunker Fuel status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key LNG as a Bunker Fuel manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of LNG as a Bunker Fuel :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of LNG as a Bunker Fuel market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.