LNG Bunkering is the practice of providing liquefied natural gas fuel to a ship for its own consumption. The key advantage of LNG as a fuel is the vast reduction in pollutant caused by the more traditional method of fueling ships such as heavy fuel oil, marine diesel fuel (MDO) and marine gas oil (MGO). LNG bunkering Vessels are used for refueling LNG-powered vessels at sea.
This report aims to provide a comprehensive presentation of the global market for LNG Bunkering Vessel study by Market Intellix gives insights concerning the market elements influencing the market, Market scope, Market division, and overlays shadow upon the leading market players featuring the positive cutthroat scene and patterns beating the years.
Global LNG Bunkering Vessel Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global LNG Bunkering Vessel Market Sales, 2017-2022, 2023-2028, (Units)
Global top five LNG Bunkering Vessel companies in 2021 (%)
The global LNG Bunkering Vessel market was valued at 447.8 million in 2021 and is projected to reach US$ 2072.9 million by 2028, at a CAGR of 24.5% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Small-Scale Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of LNG Bunkering Vessel include CMIC, Sembcorp Marine, Hyundai Heavy Industries, Keppel Offshore & Marine, Hudong-Zhonghua Shipbuilding, Damen ShipyardsGroup, Kawasaki Heavy Industries, Japan Marine United Corporation and K Shipbuilding, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
The study provides the LNG Bunkering Vessel manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Segmental Outline:
Global LNG Bunkering Vessel Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global LNG Bunkering Vessel Market Segment Percentages, by Type, 2021 (%)
Small-Scale
Medium-Scale
Large-Scale
Global LNG Bunkering Vessel Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global LNG Bunkering Vessel Market Segment Percentages, by Application, 2021 (%)
Self-use
Vessel Charter
Global LNG Bunkering Vessel Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global LNG Bunkering Vessel Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies LNG Bunkering Vessel revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies LNG Bunkering Vessel revenues share in global market, 2021 (%)
Key companies LNG Bunkering Vessel sales in global market, 2017-2022 (Estimated), (Units)
Key companies LNG Bunkering Vessel sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
CMIC
Sembcorp Marine
Hyundai Heavy Industries
Keppel Offshore & Marine
Hudong-Zhonghua Shipbuilding
Damen ShipyardsGroup
Kawasaki Heavy Industries
Japan Marine United Corporation
K Shipbuilding
Royal Bodewes
HJ Shipbuilding & Construction
This Report Addresses:
– Market Intelligence enables effective decision-making
– Market estimates and forecasts from 2022 to 2028
– Growth opportunities and trend analysis
– Segment and regional revenue forecast for market evaluation
– Competitive strategy and analysis of market segments
– List of product innovations to stay on top.
– The impact of COVID-19 and how to survive in these fast-growing markets.
1 Introduction to Research & Analysis Reports
1.1 LNG Bunkering Vessel Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global LNG Bunkering Vessel Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global LNG Bunkering Vessel Overall Market Size
2.1 Global LNG Bunkering Vessel Market Size: 2021 VS 2028
2.2 Global LNG Bunkering Vessel Revenue, Prospects & Forecasts: 2017-2028
2.3 Global LNG Bunkering Vessel Sales: 2017-2028
3 Company Landscape
3.1 Top LNG Bunkering Vessel Players in Global Market
3.2 Top Global LNG Bunkering Vessel Companies Ranked by Revenue
3.3 Global LNG Bunkering Vessel Revenue by Companies
3.4 Global LNG Bunkering Vessel Sales by Companies
3.5 Global LNG Bunkering Vessel Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 LNG Bunkering Vessel Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers LNG Bunkering Vessel Product Type
3.8 Tier 1, Tier 2 and Tier 3 LNG Bunkering Vessel Players in Global Market
3.8.1 List of Global Tier 1 LNG Bunkering Vessel Companies
3.8.2 List of Global Tier 2 and Tier 3 LNG Bunkering Vessel Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global LNG Bunkering Vessel Market Size Markets, 2021 & 2028
4.1.2 Small-Scale
4.1.3 Medium-Scale
4.1.4 Large-Scale
4.2 By Type - Global LNG Bunkering Vessel Revenue & Forecasts
4.2.1 By Type - Global LNG Bunkering Vessel Revenue, 2017-2022
4.2.2 By Type - Global LNG Bunkering Vessel Revenue, 2023-2028
4.2.3 By Type - Global LNG Bunkering Vessel Revenue Market Share, 2017-2028
4.3 By Type - Global LNG Bunkering Vessel Sales & Forecasts
4.3.1 By Type - Global LNG Bunkering Vessel Sales, 2017-2022
4.3.2 By Type - Global LNG Bunkering Vessel Sales, 2023-2028
4.3.3 By Type - Global LNG Bunkering Vessel Sales Market Share, 2017-2028
4.4 By Type - Global LNG Bunkering Vessel Price (Manufacturers Selling Prices), 2017-2028
5 Sights By Application
5.1 Overview
5.1.1 By Application - Global LNG Bunkering Vessel Market Size, 2021 & 2028
5.1.2 Self-use
5.1.3 Vessel Charter
5.2 By Application - Global LNG Bunkering Vessel Revenue & Forecasts
5.2.1 By Application - Global LNG Bunkering Vessel Revenue, 2017-2022
5.2.2 By Application - Global LNG Bunkering Vessel Revenue, 2023-2028
5.2.3 By Application - Global LNG Bunkering Vessel Revenue Market Share, 2017-2028
5.3 By Application - Global LNG Bunkering Vessel Sales & Forecasts
5.3.1 By Application - Global LNG Bunkering Vessel Sales, 2017-2022
5.3.2 By Application - Global LNG Bunkering Vessel Sales, 2023-2028
5.3.3 By Application - Global LNG Bunkering Vessel Sales Market Share, 2017-2028
5.4 By Application - Global LNG Bunkering Vessel Price (Manufacturers Selling Prices), 2017-2028
6 Sights by Region
6.1 By Region - Global LNG Bunkering Vessel Market Size, 2021 & 2028
6.2 By Region - Global LNG Bunkering Vessel Revenue & Forecasts
6.2.1 By Region - Global LNG Bunkering Vessel Revenue, 2017-2022
6.2.2 By Region - Global LNG Bunkering Vessel Revenue, 2023-2028
6.2.3 By Region - Global LNG Bunkering Vessel Revenue Market Share, 2017-2028
6.3 By Region - Global LNG Bunkering Vessel Sales & Forecasts
6.3.1 By Region - Global LNG Bunkering Vessel Sales, 2017-2022
6.3.2 By Region - Global LNG Bunkering Vessel Sales, 2023-2028
6.3.3 By Region - Global LNG Bunkering Vessel Sales Market Share, 2017-2028
6.4 North America
6.4.1 By Country - North America LNG Bunkering Vessel Revenue, 2017-2028
6.4.2 By Country - North America LNG Bunkering Vessel Sales, 2017-2028
6.4.3 US LNG Bunkering Vessel Market Size, 2017-2028
6.4.4 Canada LNG Bunkering Vessel Market Size, 2017-2028
6.4.5 Mexico LNG Bunkering Vessel Market Size, 2017-2028
6.5 Europe
6.5.1 By Country - Europe LNG Bunkering Vessel Revenue, 2017-2028
6.5.2 By Country - Europe LNG Bunkering Vessel Sales, 2017-2028
6.5.3 Germany LNG Bunkering Vessel Market Size, 2017-2028
6.5.4 France LNG Bunkering Vessel Market Size, 2017-2028
6.5.5 U.K. LNG Bunkering Vessel Market Size, 2017-2028
6.5.6 Italy LNG Bunkering Vessel Market Size, 2017-2028
6.5.7 Russia LNG Bunkering Vessel Market Size, 2017-2028
6.5.8 Nordic Countries LNG Bunkering Vessel Market Size, 2017-2028
6.5.9 Benelux LNG Bunkering Vessel Market Size, 2017-2028
6.6 Asia
6.6.1 By Region - Asia LNG Bunkering Vessel Revenue, 2017-2028
6.6.2 By Region - Asia LNG Bunkering Vessel Sales, 2017-2028
6.6.3 China LNG Bunkering Vessel Market Size, 2017-2028
6.6.4 Japan LNG Bunkering Vessel Market Size, 2017-2028
6.6.5 South Korea LNG Bunkering Vessel Market Size, 2017-2028
6.6.6 Southeast Asia LNG Bunkering Vessel Market Size, 2017-2028
6.6.7 India LNG Bunkering Vessel Market Size, 2017-2028
6.7 South America
6.7.1 By Country - South America LNG Bunkering Vessel Revenue, 2017-2028
6.7.2 By Country - South America LNG Bunkering Vessel Sales, 2017-2028
6.7.3 Brazil LNG Bunkering Vessel Market Size, 2017-2028
6.7.4 Argentina LNG Bunkering Vessel Market Size, 2017-2028
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa LNG Bunkering Vessel Revenue, 2017-2028
6.8.2 By Country - Middle East & Africa LNG Bunkering Vessel Sales, 2017-2028
6.8.3 Turkey LNG Bunkering Vessel Market Size, 2017-2028
6.8.4 Israel LNG Bunkering Vessel Market Size, 2017-2028
6.8.5 Saudi Arabia LNG Bunkering Vessel Market Size, 2017-2028
6.8.6 UAE LNG Bunkering Vessel Market Size, 2017-2028
7 Manufacturers & Brands Profiles
7.1 CMIC
7.1.1 CMIC Corporate Summary
7.1.2 CMIC Business Overview
7.1.3 CMIC LNG Bunkering Vessel Major Product Offerings
7.1.4 CMIC LNG Bunkering Vessel Sales and Revenue in Global (2017-2022)
7.1.5 CMIC Key News
7.2 Sembcorp Marine
7.2.1 Sembcorp Marine Corporate Summary
7.2.2 Sembcorp Marine Business Overview
7.2.3 Sembcorp Marine LNG Bunkering Vessel Major Product Offerings
7.2.4 Sembcorp Marine LNG Bunkering Vessel Sales and Revenue in Global (2017-2022)
7.2.5 Sembcorp Marine Key News
7.3 Hyundai Heavy Industries
7.3.1 Hyundai Heavy Industries Corporate Summary
7.3.2 Hyundai Heavy Industries Business Overview
7.3.3 Hyundai Heavy Industries LNG Bunkering Vessel Major Product Offerings
7.3.4 Hyundai Heavy Industries LNG Bunkering Vessel Sales and Revenue in Global (2017-2022)
7.3.5 Hyundai Heavy Industries Key News
7.4 Keppel Offshore & Marine
7.4.1 Keppel Offshore & Marine Corporate Summary
7.4.2 Keppel Offshore & Marine Business Overview
7.4.3 Keppel Offshore & Marine LNG Bunkering Vessel Major Product Offerings
7.4.4 Keppel Offshore & Marine LNG Bunkering Vessel Sales and Revenue in Global (2017-2022)
7.4.5 Keppel Offshore & Marine Key News
7.5 Hudong-Zhonghua Shipbuilding
7.5.1 Hudong-Zhonghua Shipbuilding Corporate Summary
7.5.2 Hudong-Zhonghua Shipbuilding Business Overview
7.5.3 Hudong-Zhonghua Shipbuilding LNG Bunkering Vessel Major Product Offerings
7.5.4 Hudong-Zhonghua Shipbuilding LNG Bunkering Vessel Sales and Revenue in Global (2017-2022)
7.5.5 Hudong-Zhonghua Shipbuilding Key News
7.6 Damen ShipyardsGroup
7.6.1 Damen ShipyardsGroup Corporate Summary
7.6.2 Damen ShipyardsGroup Business Overview
7.6.3 Damen ShipyardsGroup LNG Bunkering Vessel Major Product Offerings
7.6.4 Damen ShipyardsGroup LNG Bunkering Vessel Sales and Revenue in Global (2017-2022)
7.6.5 Damen ShipyardsGroup Key News
7.7 Kawasaki Heavy Industries
7.7.1 Kawasaki Heavy Industries Corporate Summary
7.7.2 Kawasaki Heavy Industries Business Overview
7.7.3 Kawasaki Heavy Industries LNG Bunkering Vessel Major Product Offerings
7.7.4 Kawasaki Heavy Industries LNG Bunkering Vessel Sales and Revenue in Global (2017-2022)
7.7.5 Kawasaki Heavy Industries Key News
7.8 Japan Marine United Corporation
7.8.1 Japan Marine United Corporation Corporate Summary
7.8.2 Japan Marine United Corporation Business Overview
7.8.3 Japan Marine United Corporation LNG Bunkering Vessel Major Product Offerings
7.8.4 Japan Marine United Corporation LNG Bunkering Vessel Sales and Revenue in Global (2017-2022)
7.8.5 Japan Marine United Corporation Key News
7.9 K Shipbuilding
7.9.1 K Shipbuilding Corporate Summary
7.9.2 K Shipbuilding Business Overview
7.9.3 K Shipbuilding LNG Bunkering Vessel Major Product Offerings
7.9.4 K Shipbuilding LNG Bunkering Vessel Sales and Revenue in Global (2017-2022)
7.9.5 K Shipbuilding Key News
7.10 Royal Bodewes
7.10.1 Royal Bodewes Corporate Summary
7.10.2 Royal Bodewes Business Overview
7.10.3 Royal Bodewes LNG Bunkering Vessel Major Product Offerings
7.10.4 Royal Bodewes LNG Bunkering Vessel Sales and Revenue in Global (2017-2022)
7.10.5 Royal Bodewes Key News
7.11 HJ Shipbuilding & Construction
7.11.1 HJ Shipbuilding & Construction Corporate Summary
7.11.2 HJ Shipbuilding & Construction LNG Bunkering Vessel Business Overview
7.11.3 HJ Shipbuilding & Construction LNG Bunkering Vessel Major Product Offerings
7.11.4 HJ Shipbuilding & Construction LNG Bunkering Vessel Sales and Revenue in Global (2017-2022)
7.11.5 HJ Shipbuilding & Construction Key News
8 Global LNG Bunkering Vessel Production Capacity, Analysis
8.1 Global LNG Bunkering Vessel Production Capacity, 2017-2028
8.2 LNG Bunkering Vessel Production Capacity of Key Manufacturers in Global Market
8.3 Global LNG Bunkering Vessel Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 LNG Bunkering Vessel Supply Chain Analysis
10.1 LNG Bunkering Vessel Industry Value Chain
10.2 LNG Bunkering Vessel Upstream Market
10.3 LNG Bunkering Vessel Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 LNG Bunkering Vessel Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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