Market Overview

The Global Liquefied Natural Gas (LNG) Bunkering Market was valued at USD 1,094.9 million in 2023 and is expected to reach USD 1,719.0 million by 2031 while growing at a CAGR of 5.8% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global liquefied natural gas (LNG) bunkering market growth. Liquefied Natural Gas (LNG) bunkering supplies LNG as a ship fuel, achieved by cooling natural gas to -162°C (-260°F). This colorless, non-toxic liquid is gaining popularity in the maritime industry for its lower environmental impact.

Increasingly stringent environmental regulations and a global push for sustainable shipping are driving the growth of the liquefied natural gas (LNG) bunkering market. However, obstacles like high initial infrastructure investment and limited bunkering infrastructure may impede market expansion.

Furthermore, the global liquefied natural gas (LNG) bunkering industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By End-user Analysis

The Global Liquefied Natural Gas (LNG) Bunkering Market is segmented among Tanker Fleet, Container Fleet, Bulk and General Cargo Fleet, Ferries and OSV, and Other End Users, based on End-user. In 2023, Tanker Fleet accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Liquefied Natural Gas (LNG) Bunkering Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Shell PLC, ENN Energy Holdings Ltd, Korea Gas Corporation, Harvey Gulf International Marine LLC, Gasum Oy, Engie SA, Gazprom Neft PJSC, TotalEnergies SE, and Naturgy Energy Group SA. 

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Liquefied Natural Gas (LNG) Bunkering Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Liquefied Natural Gas (LNG) Bunkering Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Liquefied Natural Gas (LNG) Bunkering Market Segmentation, By End-user   

• Global Liquefied Natural Gas (LNG) Bunkering Market Share Analysis, By End-user   

• Global Liquefied Natural Gas (LNG) Bunkering Market Growth Analysis, By End-user   

• Global Liquefied Natural Gas (LNG) Bunkering Market Trends, By End-user   

o Tanker Fleet

o Container Fleet

o Bulk and General Cargo Fleet

o Ferries and OSV

o Other End Users

6. Global Liquefied Natural Gas (LNG) Bunkering Market Segmentation, By Region

• Global Liquefied Natural Gas (LNG) Bunkering Market Share Analysis, By Region

• Global Liquefied Natural Gas (LNG) Bunkering Market Growth Analysis, By Region

• Global Liquefied Natural Gas (LNG) Bunkering Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

7. Competitive Landscape

• Shell PLC*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• ENN Energy Holdings Ltd

• Korea Gas Corporation

• Harvey Gulf International Marine LLC

• Gasum Oy

• Engie SA

• Gazprom Neft PJSC

• TotalEnergies SE

• Naturgy Energy Group SA

 *Similar analysis will be provided for each company listed above.