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Global LNG Bunkering Market 2019-2023| Rising Demand for Cleaner Fuels to Boost Growth| Technavio

January 9, 2019

LONDON--(BUSINESS WIRE)--Jan 9, 2019--The global LNG bunkering market research report by predicts the market to post a CAGR of nearly 35% during the period 2019-2023.

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Technavio predicts the global LNG bunkering market to post a CAGR of nearly 35% by 2023. (Graphic: Business Wire)

A key driver for the global LNG bunkering market is the growing marine logistics business. Maritime transport allows industrial development by supporting manufacturing growth, bringing together consumers, intermediate and capital goods industries, and promoting regional economic and trade integration. The global seaborne trade crossed 10 billion tons in 2015 and grew by 9.18% in 2017 when compared with 2014.

As per Technavio, the increase in demand for cleaner fuels will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

This report is available at a USD 1,000 discount for a limited time only:

Global LNG bunkering market: Increase in demand for cleaner fuels

The growth in marine and other forms of transportation has led to an increase in the consumption of fuels, thereby resulting in the emission of pollutants. The majority of GHG emissions from the transportation sector includes CO2 emanating from the combustion of petroleum-based products such as gasoline.

“Majority of the marine fuel has 1,666.67 times more sulfur content when compared with on-road diesel and gasoline. The high sulfur content in fuel contributes significantly to local air pollution, thereby causing health-related issues. There has been a significant contribution to air pollution from the transportation sector, which has created a need for cleaner fuels to curb the pollution,” says a senior research analyst at Technavio.

Global LNG bunkering market: Segmentation analysis

This LNG bunkering market analysis report segments the market by end-user (ferry and ro-ro, tanker, container, and others) and geography (the Americas, APAC, and EMEA).

The ferry and ro-ro segment held the largest LNG bunkering market share in 2018, accounting for nearly 43% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

The EMEA region led the market in 2018 with approximately 73% of the market share, followed by the Americas and APAC respectively. The EMEA region is expected to dominate the market throughout the period 2019-2023.

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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.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190109005311/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ENERGY OTHER ENERGY TRANSPORT MARITIME LOGISTICS/SUPPLY CHAIN MANAGEMENT

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/09/2019 05:00 AM/DISC: 01/09/2019 05:00 AM

http://www.businesswire.com/news/home/20190109005311/en

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