LNG Bunkering Vessel Market 2022: Industry Size, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2028
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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
Research Methodology:
LNG Bunkering Vessel Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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