Europe LNG Bunkering Market Analysis 2022-2026: 71% Growth Rate will Develop From Norway

The LNG bunkering market share in Europe is expected to grow by USD 441.45 million, accelerating at a CAGR of 17.41% during the forecast period. Technavio's research report offers growth projections of all the market segments, along with an in-depth analysis of all the factors that are likely to boost growth. The research also delves deep into issues that are likely to challenge market growth. This detailed analysis of the market will facilitate businesses in planning a business strategy for the growth of their business. Unlock Free Sample Analysis Report

LNG Bunkering Market In Europe: Market Segments and Growth Forecasts

The LNG bunkering market report in Europe will provide insights into the current market share of each segment along with growth projections for the next five years.

• The LNG bunkering market in Europe is segmented by End-user (Tanker, Ferry and ro-ro, Container, and Others) and Geography (Norway, The Netherlands, Denmark, and Rest of Europe).
• The LNG bunkering market share in Europe by the tanker segment will be significant during the forecast period.
• The growth of the segment is attributed to the factors such as the development of fuel-efficient technologies for tankers and stringent regulations.
• The decline in domestic natural gas production in European countries, with the exception of Russia, will facilitate the LNG bunkering market growth in Norway.
• 71% of the market's growth will originate from Norway during the forecast period. The market growth in Norway will be faster than the growth of the market in Rest of Europe.
• The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the LNG bunkering market size in Europe.

LNG Bunkering Market In Europe: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

• Growing marine logistics businesses will be a significant factor in driving the growth of the LNG Bunkering Market In Europe.
• An increase in the supply of LNG will be instrumental in driving the market growth during the forecast period.
• In addition, the increase in demand for cleaner fuels is the major LNG bunkering market trend in Europe which will positively influence the market growth.
• High capital requirements for using LNG as a marine fuel are a hurdle that needs to be crossed on the path to success.

LNG Bunkering Market In Europe: Vendor Analysis

The market is fragmented due to the presence of several players. Some of the major LNG bunkering market vendors in Europe are:

• Broadview Energy Solutions B.V.
• Crowley Maritime Corp.
• Equinor ASA
• Exxon Mobil Corp.
• Fjord Line AS
• Petroliam Nasional Berhad
• PJSC Gazprom Neft
• Royal Dutch Shell Plc
• SHV Energy
• TotalEnergies SE

Download the Free PDF Sample Report The custom reports provide market insights at the global and regional levels along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 17.41%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 441.45 million.
    
3. What is a key factor driving this market?
   Growing marine logistics businesses will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Norway, The Netherlands, Denmark, and Rest of Europe are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market?
   71% growth will originate from Norway.
    
6. Who are the leading market vendors?
   The leading vendors in this market are Broadview Energy Solutions B.V., Crowley Maritime Corp., Equinor ASA, Exxon Mobil Corp., Fjord Line AS, Petroliam Nasional Berhad, PJSC Gazprom Neft, Royal Dutch Shell Plc, SHV Energy, and TotalEnergies SE.
    
7. What are the market segments covered in this report?
   The market is segmented by End-user (Tanker, Ferry and ro-ro, Container, and Others) and Geography (Norway, The Netherlands, Denmark, and Rest of Europe).