LNG Bunkering Market Segmentation to Register Substantial Expansion by 2027

1. Global LNG Bunkering Market to Exhibit CAGR of63.6% Over 2014- 2025 A thorough overview and analysis of the global LNG bunkering fuel market has been featured in a market intelligence report published recently by Transparency Market Research (TMR).The report includes an analytical study of the market’s historical statistics to give insights into the growth trajectory showed by the global market for LNG bunkering in the past and predicts the market’s growth trajectory from 2014 through 2025. It states that the market, which had a valuation of 70 kilo tons in terms of capacity in 2013, will expand at a staggering 63.6% CAGR and rise to 22,540 kilo tons by 2025.The report is titled “LNG Bunkering Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2025” and can be found on the company website for sale. Natural gas is one of the most commonly used fossil fuels for power generation across the globe and is touted to be the fuel of the 21st century owing to its cleaner nature as compared to other popular fossil fuels such as coal and oil. Natural gas is liquefied to make it more viable for transport and use with ease across several end-use applications. When used as a fuel for ships, liquefied natural gas is known to bring down sulfur oxide emissions by as much as 90-95% as compared to traditional bunker fuels. This factor is expected to have a significant impact on the global bunkering fuel market, which is exploring new and better bunkering fuel options to comply with the increasingly strict regulations being imposed to cut down sulfur emissions in marine environments. As marine vessels spend most part of their voyage time in emission control zones (ECA), shipping companies are projected to adopt LNG as a safer and equally efficient fuel in the near future. For the ease of comprehension, the global LNG bunkering market has been segmented in the report on the basis of two criteria: end-user and geography.The key end users of LNG bunkering market examined in the report are container vessels, bulk and general cargo vessels, tanker vessels, and ferries and offshore support vessels (OSVs). Of these, the segment of ferries and offshore support vessels accounts for a dominant share in the global LNG bunkering market. Over the report’s forecast period, the segment of containers is projected to significantly aid the expansion of the global LNG bunkering market, primarily owing to the rising container traffic in Asia Pacific and Europe. To obtain all-inclusive information on forecast analysis of Global Market , request a PDF brochure here.

2. Based on geography, the market has been segmented into Europe, Asia Pacific, North America, and Rest of the World (RoW). Of these, Europe has emerged as the leading regional market for LNG bunkering industry due to the presence of a majority of LNG bunkering stations in the region. The LNG bunkering market in North America is projected to benefit from the continuously declining prices of natural gas in the region. REQUEST FOR COVID19 IMPACT ANALYSIS - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3231 About Us Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.” Contact Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com