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
NEW YORK, June 11, 2015 /PRNewswire/ -- This research study analyzes the market for LNG bunkering in terms of volume and revenue. The LNG bunkering market has been segmented on the basis of end user and geography. For the research, 2013 has been taken as a base year, while the forecast is for the period 2014–2025. Market data for all segments have been provided on the regional level for the period 2013–2025. The report provides a comprehensive competitive landscape and features companies engaged in the LNG bunkering business. This report includes key market dynamics affecting the demand for LNG bunkering globally. The report also provides a detailed industry analysis of the global LNG bunkering market with the help of the Porter's Five Forces model. The Porter's Five Forces analysis aids in understanding the five major forces that affect the industry structure and the profitability of the global LNG bunkering market. The forces analyzed include the bargaining power of buyers, bargaining power of suppliers, threat from new entrants, threat from substitutes, and degree of competition.
These high-level analysis provide detailed insights into the business of LNG bunker supply globally. Major drivers, restraints, and opportunities of the LNG bunker fuel market were analyzed in detail and are illustrated in the report through graphs and tables. There are currently numerous drivers of the LNG bunkering industry. One of the most prominent drivers is the enforcement of strict sulfur emission regulation in the Emission Control Areas (ECAs). Shipping companies operating in these areas are slowly switching from conventional fuel to LNG bunker fuel. The status of LNG bunkering infrastructure facilities has also been included in this report to offer a better overview of the evolving LNG bunkering destinations. For this research report, the port infrastructure facilities and upcoming LNG bunkering terminals were analyzed to provide their development status in various regions across the world.
Key end users of LNG bunker fuel were identified as container vessels, tanker fleets, bulk & general cargo vessels, and ferries & offshore support vessels (OSV). Ferries including passenger vessels, and offshore support vessels (OSV) are the major end users of LNG bunker fuel. Several ferries and OSVs operating in Europe have switched from conventional heavy fuel oil to LNG bunker fuel. The LNG bunker fuel market was analyzed across four geographies: North America, Europe, Asia Pacific, and RoW. The RoW region comprises South & Central America, the Middle East, and Africa. It is observed that in Europe and North America, ship operators are gradually switching from heavy fuel oil to LNG fuel. The strict sulfur emission standards enforced in ECAs in these regions are accountable for this change in fuel preference. Regional data has been provided for each sub-segment of the LNG bunker fuel market. Key market participants in the bunkering business include Gazpromneft Marine Bunker LLC, Bomin Linde LNG GmbH & Co. KG, Gasnor AS, Skangass AS, and Harvey Gulf International Marine LLC. The report provides an overview of these companies, followed by their financial details, business strategy, and recent developments.
The market size for LNG bunkering has been estimated by studying the possible future environmental regulation trends in the market. Detailed research on the sulfur regulations in different regions has been undertaken to estimate and forecast the consumption and investments in the LNG bunkering industry.
The global LNG bunkering market has been segmented as below:
LNG Bunkering Market: End User Analysis
Container Vessels
Tankers Vessels
Bulk & General Cargo Vessels
Ferries & OSV
LNG Bunkering Market: Regional Analysis
North America
Europe
Asia Pacific
Rest of the World (RoW)
Read the full report: http://www.reportlinker.com/p02678622-summary/view-report.html
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