Transparency Market Research LNG Bunkering Market : Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2025
Published Date 2015-01-19
93 Page Report
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Global LNG Bunker Fuel Consumption and Market Revenue is estimated to reach 22,540 kilo tons and USD 11,775.4 million by 2025 Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
LNG Bunker Fuel Market
REPORT DESCRIPTION
Transparency Market Research has released a new market report titled LNG Bunkering Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2025. According to the report, the global consumption of bunker fuel stood at 70 kilo tons in 2013 and is expected to reach 22,540 kilo tons in 2025 at a CAGR of 63.6% from 2014 to 2025. LNG Bunker Fuel Market LNG is an attractive bunker fuel option for many shipping companies operating in the Emission Control Areas (ECAs). The price of LNG bunker fuel is significantly lower than any other ECA complaint fuels available in North America and Europe. However, the development of LNG bunkering infrastructure is restricted to a few countries in Northern Europe such as Norway and Sweden. LNG bunkering infrastructure has only developed in ports around the Baltic Sea, North Sea, and English Channel, as shipping companies operating in these areas face stiff sulfur regulations. An anticipated tightening of sulfur emission norms and a widening gap between natural gas prices and other conventional fuels are major drivers for the development of LNG bunkering infrastructure in these regions. Natural gas providers are gradually expected to increase investments in LNG bunkering facilities as several ship owners have taken initiatives to use LNG as a bunker fuel.
Currently, Northern Europe hosts most of the region’s LNG bunkering stations, which are specifically designed to cater to the fueling requirements of inland vessels and large ships docking at ports within ECAs. The initiatives taken by different port authorities and the financial assistance provided by the European Union has led to the development of LNG bunkering facilities around major trading centers in Europe. Low natural gas prices in North America are likely to boost the sales of LNG bunker fuel in the North American ports. In Asia Pacific, countries such as China and South Korea have invested substantially for developing LNG as a bunker fuel. However, no strict sulfur emission regulations are anticipated to be enforced before 2020 in this region. As a result, demand for LNG bunker fuel in Asia Pacific is anticipated to grow from 2020 onwards.
Marine vessels consuming LNG bunker fuel have been broadly segmented into tankers, bulk and general cargo vessels, container ships, and ferries & offshore support vessels. Presently, ferries & offshore support vessels account for the major consumption of LNG bunker fuel globally. Ferries, including passenger ships, spend maximum amount of voyage time within the ECAs. As a result, shipping companies operating these vessels are slowly shifting from conventional engines to LNG fueled vessels. Container vessels and tankers are anticipated to significantly adopt LNG as a marine fuel in the next few years. Rising container traffic in Asia Pacific and Europe is one the factors anticipated to lead to the adoption of LNG as a bunker fuel.
Browse the full 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 report at http://www.transparencymarketresearch.com/lng-bunker-fuel-market.html
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This research has been designed to estimate, analyze, and forecast market volume and revenue of the LNG bunkering market. It provides an in-depth analysis of the market size of LNG marine fuel in terms of volume (Kilo Tons) and revenue (USD Million). Key players in the market include GDF SUEZ S.A, Bomin Linde LNG GmbH & Co. KG, Skangass AS, Gasnor AS, Korea Gas Corporation, and Harvey Gulf International Marine LLC. The report provides an overview of these companies, their financial revenues, business strategies, and recent developments. The research analyzes and estimates the performance of the market for LNG bunkering globally. It provides a detailed trend analysis of the market in terms of geography and offers a comprehensive analysis of companies that supply bunker fuel to shipping companies. For a better understanding of the LNG bunkering industry, the market has been segmented as below:
lng-bunker-fuel-market LNG Bunkering Market: End User Analysis Container Vessels Tankers Vessels Bulk & General Cargo Vessels Ferries & Offshore Support Vessel LNG Bunkering Market: Regional Analysis North America Europe Asia Pacific Rest of the World (RoW) Request a Sample of this Report :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3231
Table of Contents Chapter 1 Preface 1.1 Report Description 1.2 Research Scope 1.3 Market Segmentation 1.4 Research Methodology
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Chapter 2 Executive Summary 2.1 Global LNG Bunkering Market
Chapter 3 LNG Bunkering Market – Industry Analysis 3.1 Introduction 3.2 Value Chain Analysis: LNG Bunkering Market 3.3 Market Drivers 3.3.1 Compliance with IMO (International Maritime Organization) Regulations to use Clean Fuels in Emission Control Areas (ECAs) 3.3.1.1 Global Fuel Sulfur Limits Within and Outside ECAs 3.3.2 LNG is an Economical Fuel Option Compared to Distillate Fuels in Europe and North America 3.3.3 Increasing LNG Bunkering Requirements from Coastal & Inland Ferries, and Offshore Support Vessels 3.3.3.1 Global Offshore Oil and Gas Production Estimates and Forecast, by Region, 2013 – 2020 (Million Barrels/ Day) 3.4 Market Restraints 3.4.1 Lack of LNG Fueling Infrastructure in Major Bunkering Destinations and High Investment Cost for New Built LNG Fueled Ships Slowing Adoption Rates 3.4.2 Alternative Approaches Adopted by Shipping to Meet IMO Regulations Might Restrain the LNG Bunker Fuel Market 3.4.2.1 Strategies That Can be Adopted by Shipping Agencies in ECAs 3.5 Market Opportunities 3.5.1 Expansion of ECAs Expected to Enhance Demand for LNG Bunkering 3.5.1.1 Existing and Future Emission Control Areas 3.6 Porter’s Five Forces Analysis: LNG Bunkering Market 3.6.1 Bargaining Power of Suppliers 3.6.2 Bargaining Power of Buyers
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3.6.3 Threat From New Entrants 3.6.4 Degree of Competition 3.6.5 Threat From substitutes 3.7 LNG Bunkering Infrastructure 3.7.1 Current Development Status of LNG Bunkering Infrastructure Globally, by Ports, 2013
Chapter 4 LNG Bunkering Market: End-Use Analysis 4.1 Global LNG Bunkering Market: End-Use Overview 4.1.1 Global LNG Bunkering Market, Volume Share by End Use, 2020 and 2025 4.2 Tanker Fleet 4.2.1 Global LNG Bunker Consumption by Tanker Fleet, 2013 – 2025 (Kilo Tons) 4.2.2 Global LNG Bunker Consumption by Tanker Fleet, 2013 – 2025 (USD Million) 4.3 Container Fleet 4.3.1 Global LNG Bunker Consumption by Container Fleet, 2013 – 2025 (Kilo Tons) 4.3.2 Global LNG Bunker Consumption by Container Fleet, 2013 – 2025 (USD Million) 4.4 Bulk and General Cargo Fleet 4.4.1 Global LNG Bunker Consumption by Bulk and General Cargo Fleet, 2013 – 2025 (Kilo Tons) 4.4.2 Global LNG Bunker Consumption by Bulk and General Cargo Fleet, 2013 – 2025 (USD Million) 4.5 Ferries and OSV 4.5.1 Global LNG Bunker Consumption by Ferries & OSV, 2013 – 2025 (Kilo Tons) 4.5.2 Global LNG Bunker Consumption by Ferries & OSV, 2013 – 2025 (USD Million)
Chapter 5 LNG Bunkering Market: Regional Analysis 5.1 Global LNG Bunkering Market: Regional Overview 5.1.1 Global LNG Bunker Fuel Consumption Market, Volume Share By Region, 2020 and 2025
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5.2 North America 5.2.1 North America LNG Bunker Consumption Estimates and Forecast, 2013 – 2025 (Kilo Tons) 5.2.2 North America LNG Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (USD Million) 5.2.3 North America LNG Bunker Fuel Consumption Estimate and Forecast, by End Use Segment, 2013 – 2025 (KiloTons) (USD Million) 5.3 Europe 5.3.1 Europe LNG Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (Kilo Tons) 5.3.2 Europe LNG Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (USD Million) 5.3.3 Europe LNG Bunker Fuel Consumption Estimate and Forecast, by End Use Segment, 2013 – 2025 (Kilo Tons) (USD Million) 5.4 Asia Pacific 5.4.1 Asia Pacific LNG Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (KiloTons) 5.4.2 Asia Pacific LNG Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (USD Million) 5.4.3 Asia Pacific LNG Bunker Fuel Consumption Estimate and Forecast, by End Use Segment, 2013 – 2020 (Kilo Tons) (USD Million) 5.5 RoW 5.5.1 RoW LNG Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (Kilo Tons) 5.5.2 RoW LNG Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (USD Million) 5.5.3 RoW LNG Bunker Fuel Consumption Estimate and Forecast, by End Use, 2013 – 2020 (Kilo Tons) (USD Million)
Chapter 6 Company Profiles 6.1 Gazpromneft Marine Bunker LLC 6.1.1 Company Overview 6.1.2 Financial Overview 6.1.3 Business Strategy 6.1.4 Recent Developments
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6.2 Royal Dutch Shell plc 6.2.1 Company Overview 6.2.2 Financial Overview 6.2.3 Business Strategy 6.2.4 Recent Developments 6.3 GDF SUEZ S.A 6.3.1 Company Overview 6.3.2 Financial Overview 6.3.3 Business Strategy 6.3.4 Recent Developments 6.4 Bomin Linde LNG GmbH & Co. KG 6.4.1 Company overview 6.4.2 Financial Overview 6.4.3 Business Strategy 6.4.4 Recent Developments 6.5 Skangass AS 6.5.1 Company Overview 6.5.2 Financial Overview 6.5.3 Business Strategy 6.5.4 Recent Developments 6.6 Gasnor AS 6.6.1 Company Overview 6.6.2 Financial Overview 6.6.3 Business Strategy 6.6.4 Recent Developments
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6.7 Korea Gas Corporation 6.7.1 Company Overview 6.7.2 Financial Overview 6.7.3 Business Strategy 6.7.4 Recent Developments 6.8 Harvey Gulf International Marine LLC 6.8.1 Company overview 6.8.2 Financial Overview 6.8.3 Business Strategy 6.8.4 Recent Developments List of Figures
FIG. 1 LNG Bunkering: Market Segmentation FIG. 2 LNG Bunkering: Research Methodology FIG. 3 Global LNG Bunkering Market Volume, 2013 – 2025 (KiloTons) FIG. 4 Global LNG Bunkering Market Revenue, 2013 – 2025 (USD Million) FIG. 5 Value Chain Analysis of LNG Bunkering Market FIG. 6 Fuel Sulfur Limits: Globally & Within ECAs (Actual & Estimated) FIG. 7 Global Offshore Oil and Gas Production Estimates and Forecast, by Region, 2013 – 2020 (Million Barrels/ Day) FIG. 8 Strategies That Can be Adopted in ECAs to meet IMO regulations FIG. 9 Existing and Future Emission Control Areas FIG. 10 Porter’s Five Forces Analysis: LNG Bunkering Market FIG. 11 Global LNG Bunkering Market, Volume Share by End Use, 2020 and 2025 FIG. 12 Global LNG Bunker Consumption by Tanker Fleet, 2013 – 2025 (Kilo Tons) FIG. 13 Global LNG Bunker Consumption by Tanker Fleet, 2013 – 2025 (USD Million)
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FIG. 14 Global LNG Bunker Consumption by Container Fleet, 2013 – 2025 (Kilo Tons) FIG. 15 Global LNG Bunker Consumption by Container Fleet, 2016 – 2025 (USD Million) FIG. 16 Global LNG Bunker Consumption by Bulk and General Cargo Fleet, 2013 – 2025 (Kilo Tons) FIG. 17 Global LNG Bunker Consumption by Bulk and General Cargo Fleet, 2013 – 2025 (USD Million) FIG. 18 Global LNG Bunker Consumption by Ferries & OSV, 2013 – 2025 (Kilo Tons) FIG. 19 Global LNG Bunker Consumption by Ferries & OSV, 2013 – 2025 (USD Million) FIG. 20 Global LNG Bunker Fuel Consumption Market, Volume Share by Region, 2020 and 2025 FIG. 21 North America LNG Bunker Consumption Estimates and Forecast, 2013 – 2025 (Kilo Tons) FIG. 22 North America Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (USD Million) FIG. 23 Europe LNG Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (Kilo Tons) FIG. 24 Europe LNG Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (USD Million) FIG. 25 Asia Pacific LNG Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (KiloTons) FIG. 26 Asia Pacific LNG Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (USD Million) FIG. 27 RoW LNG Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (Kilo Tons) FIG. 28 RoW LNG Bunker Fuel Consumption Estimates and Forecast, 2013 – 2025 (USD Million) List of Tables
TABLE 1 Global LNG Bunkering Market: Snapshot TABLE 2 Drivers of LNG Bunkering Market: Impact Analysis TABLE 3 Sulfur and Nitrogen Oxide Reduction Limits Achieved Using Various Bunker Fuel Grades TABLE 4 Restraints of LNG Bunkering Market: Impact Analysis TABLE 5 Opportunities of LNG Bunkering Market: Impact Analysis TABLE 6 Development of LNG Bunkering Infrastructure TABLE 7 North America LNG Bunker Fuel Market Volume Estimate and Forecast, by End Use Segment, 2013 – 2019 (Kilo Tons)
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TABLE 8 North America LNG Bunker Fuel Market Volume Estimate and Forecast, by End Use Segment, 2020 – 2025 (Kilo Tons) TABLE 9 North America LNG Bunker Fuel Market Revenue Estimate and Forecast, by End Use Segment, 2013 – 2019 (USD Million) TABLE 10 North America LNG Bunker Fuel Market Revenue Estimate and Forecast, by End Use Segment, 2020 – 2020 (USD Million) TABLE 11 Europe LNG Bunker Fuel Market Volume Estimate and Forecast, by End Use Segment, 2013 – 2019 (KiloTons) TABLE 12 Europe LNG Bunker Fuel Market Volume Estimate and Forecast, by End Use Segment, 2020 – 2025 (KiloTons) TABLE 13 Europe LNG Bunker Fuel Market Revenue Estimate and Forecast, by End Use Segment, 2013 – 2019 (USD Million) TABLE 14 Europe LNG Bunker Fuel Market Revenue Estimate and Forecast, by End Use Segment, 2020 – 2025 (USD Million) TABLE 15 Asia Pacific LNG Bunker Fuel Market Volume Estimate and Forecast, by End Use Segment, 2013 – 2019 (Kilo Tons) TABLE 16 Asia Pacific LNG Bunker Fuel Market Volume Estimate and Forecast, by End Use Segment, 2020 – 2025 (Kilo Tons) TABLE 17 Asia Pacific LNG Bunker Fuel Market Revenue Estimate and Forecast, by End Use Segment, 2013 – 2019 (USD Million) TABLE 18 Asia Pacific LNG Bunker Fuel Market Revenue Estimate and Forecast, by End Use Segment, 2020 – 2025 (USD Million) TABLE 19 RoW LNG Bunker Fuel Market Volume Estimate and Forecast, by End Use Segment, 2013 – 2019 (Kilo Tons) TABLE 20 RoW LNG Bunker Fuel Market Volume Estimate and Forecast, by End Use Segment, 2020 – 2025 (Kilo Tons) TABLE 21 RoW LNG Bunker Fuel Market Revenue Estimate and Forecast, by End Use segment, 2013 – 2019 (USD Million) TABLE 22 RoW LNG Bunker Fuel Market Revenue Estimate and Forecast, by End Use segment, 2020 – 2025 (USD Million)
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