LNG Bunkering Market in Europe to Register USD 441.45 Mn, Evolving Opportunities with Broadview Energy Solutions B.V. and Crowley Maritime Corp. - Technavio
NEW YORK, Aug. 1, 2022 /PRNewswire/ -- The LNG Bunkering Market in Europe is expected to grow by USD 441.45 million during 2021-2026, progressing at a CAGR of 17.41% during the forecast period. One of the key factors driving the LNG Bunkering Market in Europe is the growing marine logistics business. The LNG bunkering market in Europe report also offers information on several market vendors, including Broadview Energy Solutions B.V., Crowley Maritime Corp., Equinor ASA, Exxon Mobil Corp., Fjord Line AS, Petroliam Nasional Berhad, PJSC Gazprom Neft, Royal Dutch Shell Plc, SHV Energy, and TotalEnergies SE among others.
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One of the main factors promoting the expansion of the LNG bunkering market in Europe is the expanding marine logistics industry. Shippers now have more visibility into market and pricing trends thanks to the expansion of the availability of shipping data and the use of big data analytics, which also enables them to select the best routes, minimize fuel usage, and take precautions against piracy. This has reduced the pronounced boom and bust cycles that have historically afflicted the transportation industry and turned obstacles into possibilities. Buy Sample Report Now!
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including
- Broadview Energy Solutions B.V.
- Crowley Maritime Corp.
- Equinor ASA
- Exxon Mobil Corp.
- Fjord Line AS
- Petroliam Nasional Berhad
- PJSC Gazprom Neft
- Royal Dutch Shell Plc
- SHV Energy
- TotalEnergies SE
Norway will account for 71% of market growth. In comparison to the rest of Europe, Norway's market will grow more quickly. Norway's rise in the LNG bunkering market in Europe will be aided by the fall in domestic natural gas output in European nations, except for Russia.
LNG Bunkering Market in Europe is segmented as below:
- End-user
- Tanker
- Ferry And Ro-ro
- Container
- Others
- Geography
- Norway
- The Netherlands
- Denmark
- Rest Of Europe
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request sample report
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LNG Bunkering Market Scope in Europe | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 17.41% |
Market growth 2022-2026 | $ 441.45 million |
Market structure | Fragmented |
YoY growth (%) | 15.12 |
Regional analysis | Norway, The Netherlands, Denmark, and the Rest of Europe |
Performing market contribution | Norway at 71% |
Key consumer countries | Democratic Republic of Congo |
Competitive landscape | Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled | Broadview Energy Solutions B.V., Crowley Maritime Corp., Equinor ASA, Exxon Mobil Corp., Fjord Line AS, Petroliam Nasional Berhad, PJSC Gazprom Neft, Royal Dutch Shell Plc, SHV Energy, and TotalEnergies SE |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the 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. |
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
2. Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market characteristics
2.2 Value chain analysis
Exhibit 09: Value Chain: Oil and Gas Storage and Transportation
2.2.1 Inputs
2.2.2 Storage and transportation
2.2.3 Industry innovations:
3. Market Sizing
3.1 Market Definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 12: Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 14: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 15: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 16: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 17: Threat of new entrants
4.5 Threat of substitutes
Exhibit 18: Threat of substitutes
4.6 Threat of rivalry
Exhibit 19: Threat of rivalry
4.7 Market condition
Exhibit 20: Market condition - Five forces 2021
5 Market Segmentation by End-user
5.1 Market segments
Exhibit 21: End-user - Market share 2021-2026 (%)
5.2 Comparison by End-user
Exhibit 22: Comparison by End-user
5.3 Tanker - Market size and forecast 2021-2026
Exhibit 23: Tanker - Market size and forecast 2021-2026 ($ million)
Exhibit 24: Tanker - Year-over-year growth 2021-2026 (%)
5.4 Ferry and ro-ro - Market size and forecast 2021-2026
Exhibit 25: Ferry and ro-ro - Market size and forecast 2021-2026 ($ million)
Exhibit 26: Ferry and ro-ro - Year-over-year growth 2021-2026 (%)
5.5 Container - Market size and forecast 2021-2026
Exhibit 27: Container - Market size and forecast 2021-2026 ($ million)
Exhibit 28: Container - Year-over-year growth 2021-2026 (%)
5.6 Others - Market size and forecast 2021-2026
Exhibit 29: Others - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Others - Year-over-year growth 2021-2026 (%)
5.7 Market opportunity by End-user
Exhibit 31: Market opportunity by End-user
6. Customer landscape
6.1 Overview
Technavio's customer landscape matrix compares Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate, and Key purchase criteria
Exhibit 32: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 33: Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 34: Geographic comparison
7.3 Norway - Market size and forecast 2021-2026
Exhibit 35: Norway - Market size and forecast 2021-2026 ($ million)
Exhibit 36: Norway - Year-over-year growth 2021-2026 (%)
7.4 The Netherlands - Market size and forecast 2021-2026
Exhibit 37: The Netherlands - Market size and forecast 2021-2026 ($ million)
Exhibit 38: The Netherlands - Year-over-year growth 2021-2026 (%)
7.5 Denmark - Market size and forecast 2021-2026
Exhibit 39: Denmark - Market size and forecast 2021-2026 ($ million)
Exhibit 40: Denmark - Year-over-year growth 2021-2026 (%)
7.6 Rest of Europe - Market size and forecast 2021-2026
Exhibit 41: Rest of Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Rest of Europe - Year-over-year growth 2021-2026 (%)
7.7 Market opportunity by geography
Exhibit 43: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Growing marine logistics businesses
8.1.2 Increase in the supply of LNG
8.1.3 Expanding LNG Bunkering Infrastructure in Europe
8.2 Market challenges
8.2.1 High capital requirements of using LNG as a marine fuel
8.2.2 Fluctuation in oil and gas prices
8.2.3 Demand-supply gap in LNG bunkering
Exhibit 44: Impact of drivers and challenges
8.3 Market trends
8.3.1 Increase in demand for cleaner fuels
8.3.2 Technological advances in LNG bunkering
8.3.3 Increase in gas exploration and production activities
9. Vendor Landscape
9.1 Overview
Exhibit 45: Vendor landscape
The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
9.2 Landscape disruption
Exhibit 46: Landscape disruption
Exhibit 47: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 48: Vendors covered
10.2 Market positioning of vendors
Exhibit 49: Market positioning of vendors
10.3 Broadview Energy Solutions B.V.
Exhibit 50: Broadview Energy Solutions B.V. - Overview
Exhibit 51: Broadview Energy Solutions B.V. - Product and service
Exhibit 52: Broadview Energy Solutions B.V. - Key offerings
10.4 Crowley Maritime Corp.
Exhibit 53: Crowley Maritime Corp. - Overview
Exhibit 54: Crowley Maritime Corp. - Product and service
Exhibit 55: Crowley Maritime Corp. - Key offerings
10.5 Equinor ASA
Exhibit 56: Equinor ASA - Overview
Exhibit 57: Equinor ASA - Business segments
Exhibit 58: Equinor ASA - Key offerings
Exhibit 59: Equinor ASA - Segment focus
10.6 Exxon Mobil Corp.
Exhibit 60: Exxon Mobil Corp. - Overview
Exhibit 61: Exxon Mobil Corp. - Business segments
Exhibit 62: Exxon Mobil Corp. - Key offerings
Exhibit 63: Exxon Mobil Corp. - Segment focus
10.7 Fjord Line AS
Exhibit 64: Fjord Line AS - Overview
Exhibit 65: Fjord Line AS - Product and service
Exhibit 66: Fjord Line AS - Key offerings
10.8 Petroliam Nasional Berhad
Exhibit 67: Petroleum Nasional Berhad - Overview
Exhibit 68: Petroleum Nasional Berhad - Business segments
Exhibit 69: Petroleum Nasional Berhad - Key offerings
Exhibit 70: Petroleum Nasional Berhad - Segment focus
10.9 PJSC Gazprom Neft
Exhibit 71: PJSC Gazprom Neft - Overview
Exhibit 72: PJSC Gazprom Neft - Business segments
Exhibit 73: PJSC Gazprom Neft-Key news
Exhibit 74: PJSC Gazprom Neft - Key offerings
Exhibit 75: PJSC Gazprom Neft - Segment focus
10.10 Royal Dutch Shell Plc
Exhibit 76: Royal Dutch Shell Plc - Overview
Exhibit 77: Royal Dutch Shell Plc - Business segments
Exhibit 78: Royal Dutch Shell Plc-Key news
Exhibit 79: Royal Dutch Shell Plc - Key offerings
Exhibit 80: Royal Dutch Shell Plc - Segment focus
10.11 SHV Energy
Exhibit 81: SHV Energy - Overview
Exhibit 82: SHV Energy - Product and service
Exhibit 83: SHV Energy - Key offerings
10.12 TotalEnergies SE
Exhibit 84: TotalEnergies SE - Overview
Exhibit 85: TotalEnergies SE - Business segments
Exhibit 86: TotalEnergies SE-Key news
Exhibit 87: TotalEnergies SE - Key offerings
Exhibit 88: TotalEnergies SE - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 Market Definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 89: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 90: Research Methodology
Exhibit 91: Validation techniques employed for market sizing
Exhibit 92: Information sources
11.4 List of abbreviations
Exhibit 93: List of abbreviations
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