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LNG Bunkering Market in Europe 2024-2028

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    Report

  • 140 Pages
  • November 2024
  • Region: Europe
  • TechNavio
  • ID: 5534206
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The lng bunkering market in europe is forecasted to grow by USD 530.3 million during 2023-2028, accelerating at a CAGR of 19.9% during the forecast period. The report on the lng bunkering market in europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high capital requirements for using lng as marine fuel, fluctuation in oil and gas prices, and demand-supply gap in lng bunkering.

The lng bunkering market in europe is segmented as below:

By End-user

  • Tanker
  • Ferry and ro-ro
  • Container
  • Others

By Geographical Landscape

  • Europe
This study identifies the increase in demand for cleaner fuels as one of the prime reasons driving the lng bunkering market in europe growth during the next few years. Also, technological advances in lng bunkering and increase in gas exploration and production activities will lead to sizable demand in the market.

The report on the lng bunkering market in europe covers the following areas:

  • LNG Bunkering Market in Europe sizing
  • LNG Bunkering Market in Europe forecast
  • LNG Bunkering Market in Europe industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lng bunkering market in europe vendors that include Barents NaturGass AS, Bomin Bunker Holding GmbH & Co. KG, Broadview Energy Solutions B.V., Crowley Maritime Corp., Equinor ASA, Exxon Mobil Corp., Fjord Line AS, Gasnor AS, Gasum Oy, Heerema International Group, Kawasaki Heavy Industries Ltd., PETRONAS Chemicals Group Berhad, PJSC Gazprom Neft, Shell plc, SEA LNG Ltd., SHV Energy, Teekay Corp., TotalEnergies SE, and Wartsila Corp. Also, the lng bunkering market in europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value Chain Analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Chart on Europe: Year-over-year growth 2023-2028 (%)
Data Table on Regional - Market size and forecast 2023-2028 ($ million)
5 Historic Market Size
5.1 LNG Bunkering Market in Europe 2018 - 2022
Historic Market Size - Data Table on LNG Bunkering Market in Europe 2018 - 2022 ($ million)
5.2 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
5.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
6.1 The AI impact on LNG Bunkering Market in Europe
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
7.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by End-user
8.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
8.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
8.3 Tanker - Market size and forecast 2023-2028
Chart on Tanker - Market size and forecast 2023-2028 ($ million)
Data Table on Tanker - Market size and forecast 2023-2028 ($ million)
Chart on Tanker - Year-over-year growth 2023-2028 (%)
Data Table on Tanker - Year-over-year growth 2023-2028 (%)
8.4 Ferry and ro-ro - Market size and forecast 2023-2028
Chart on Ferry and ro-ro - Market size and forecast 2023-2028 ($ million)
Data Table on Ferry and ro-ro - Market size and forecast 2023-2028 ($ million)
Chart on Ferry and ro-ro - Year-over-year growth 2023-2028 (%)
Data Table on Ferry and ro-ro - Year-over-year growth 2023-2028 (%)
8.5 Container - Market size and forecast 2023-2028
Chart on Container - Market size and forecast 2023-2028 ($ million)
Data Table on Container - Market size and forecast 2023-2028 ($ million)
Chart on Container - Year-over-year growth 2023-2028 (%)
Data Table on Container - Year-over-year growth 2023-2028 (%)
8.6 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
8.7 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
9 Customer Landscape
9.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
10.1 Geographic segmentation
Chart on Market share By Geographical Landscape - 2023-2028 (%)
Data Table on Market share By Geographical Landscape - 2023-2028 (%)
10.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
10.3 Norway - Market size and forecast 2023-2028
Chart on Norway - Market size and forecast 2023-2028 ($ million)
Data Table on Norway - Market size and forecast 2023-2028 ($ million)
Chart on Norway - Year-over-year growth 2023-2028 (%)
Data Table on Norway - Year-over-year growth 2023-2028 (%)
10.4 The Netherlands - Market size and forecast 2023-2028
Chart on The Netherlands - Market size and forecast 2023-2028 ($ million)
Data Table on The Netherlands - Market size and forecast 2023-2028 ($ million)
Chart on The Netherlands - Year-over-year growth 2023-2028 (%)
Data Table on The Netherlands - Year-over-year growth 2023-2028 (%)
10.5 Denmark - Market size and forecast 2023-2028
Chart on Denmark - Market size and forecast 2023-2028 ($ million)
Data Table on Denmark - Market size and forecast 2023-2028 ($ million)
Chart on Denmark - Year-over-year growth 2023-2028 (%)
Data Table on Denmark - Year-over-year growth 2023-2028 (%)
10.6 Rest of Europe - Market size and forecast 2023-2028
Chart on Rest of Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ million)
Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
10.7 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Table on Market opportunity By Geographical Landscape ($ million)
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 Broadview Energy Solutions B.V.
Broadview Energy Solutions B.V. - Overview
Broadview Energy Solutions B.V. - Product / Service
Broadview Energy Solutions B.V. - Key offerings
SWOT
13.5 Crowley Maritime Corp.
Crowley Maritime Corp. - Overview
Crowley Maritime Corp. - Product / Service
Crowley Maritime Corp. - Key offerings
SWOT
13.6 Equinor ASA
Equinor ASA - Overview
Equinor ASA - Business segments
Equinor ASA - Key news
Equinor ASA - Key offerings
Equinor ASA - Segment focus
SWOT
13.7 Exxon Mobil Corp.
Exxon Mobil Corp. - Overview
Exxon Mobil Corp. - Business segments
Exxon Mobil Corp. - Key news
Exxon Mobil Corp. - Key offerings
Exxon Mobil Corp. - Segment focus
SWOT
13.8 Fjord Line AS
Fjord Line AS - Overview
Fjord Line AS - Product / Service
Fjord Line AS - Key offerings
SWOT
13.9 PETRONAS Chemicals Group Berhad
PETRONAS Chemicals Group Berhad - Overview
PETRONAS Chemicals Group Berhad - Business segments
PETRONAS Chemicals Group Berhad - Key offerings
PETRONAS Chemicals Group Berhad - Segment focus
SWOT
13.10 PJSC Gazprom Neft
PJSC Gazprom Neft - Overview
PJSC Gazprom Neft - Product / Service
PJSC Gazprom Neft - Key offerings
SWOT
13.11 Shell plc
Shell plc - Overview
Shell plc - Business segments
Shell plc - Key news
Shell plc - Key offerings
Shell plc - Segment focus
SWOT
13.12 SHV Energy
SHV Energy - Overview
SHV Energy - Product / Service
SHV Energy - Key offerings
SWOT
13.13 TotalEnergies SE
TotalEnergies SE - Overview
TotalEnergies SE - Business segments
TotalEnergies SE - Key news
TotalEnergies SE - Key offerings
TotalEnergies SE - Segment focus
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 10: Overview on criticality of inputs and factors of differentiation
Exhibits 11: Overview on factors of disruption
Exhibits 12: Impact of drivers and challenges in 2023 and 2028
Exhibits 13: Parent Market
Exhibits 14: Data Table on - Parent Market
Exhibits 15: Market characteristics analysis
Exhibits 16: Value Chain Analysis
Exhibits 17: Offerings of companies included in the market definition
Exhibits 18: Market segments
Exhibits 19: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 20: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits 21: Chart on Europe: Year-over-year growth 2023-2028 (%)
Exhibits 22: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits 23: Historic Market Size - Data Table on LNG Bunkering Market in Europe 2018 - 2022 ($ million)
Exhibits 24: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits 25: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 26: Five forces analysis - Comparison between 2023 and 2028
Exhibits 27: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 28: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 30: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 31: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 32: Chart on Market condition - Five forces 2023 and 2028
Exhibits 33: Chart on End-user - Market share 2023-2028 (%)
Exhibits 34: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 35: Chart on Comparison by End-user
Exhibits 36: Data Table on Comparison by End-user
Exhibits 37: Chart on Tanker - Market size and forecast 2023-2028 ($ million)
Exhibits 38: Data Table on Tanker - Market size and forecast 2023-2028 ($ million)
Exhibits 39: Chart on Tanker - Year-over-year growth 2023-2028 (%)
Exhibits 40: Data Table on Tanker - Year-over-year growth 2023-2028 (%)
Exhibits 41: Chart on Ferry and ro-ro - Market size and forecast 2023-2028 ($ million)
Exhibits 42: Data Table on Ferry and ro-ro - Market size and forecast 2023-2028 ($ million)
Exhibits 43: Chart on Ferry and ro-ro - Year-over-year growth 2023-2028 (%)
Exhibits 44: Data Table on Ferry and ro-ro - Year-over-year growth 2023-2028 (%)
Exhibits 45: Chart on Container - Market size and forecast 2023-2028 ($ million)
Exhibits 46: Data Table on Container - Market size and forecast 2023-2028 ($ million)
Exhibits 47: Chart on Container - Year-over-year growth 2023-2028 (%)
Exhibits 48: Data Table on Container - Year-over-year growth 2023-2028 (%)
Exhibits 49: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 53: Market opportunity by End-user ($ million)
Exhibits 54: Data Table on Market opportunity by End-user ($ million)
Exhibits 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 56: Chart on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 57: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 58: Chart on Geographic comparison
Exhibits 59: Data Table on Geographic comparison
Exhibits 60: Chart on Norway - Market size and forecast 2023-2028 ($ million)
Exhibits 61: Data Table on Norway - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Chart on Norway - Year-over-year growth 2023-2028 (%)
Exhibits 63: Data Table on Norway - Year-over-year growth 2023-2028 (%)
Exhibits 64: Chart on The Netherlands - Market size and forecast 2023-2028 ($ million)
Exhibits 65: Data Table on The Netherlands - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Chart on The Netherlands - Year-over-year growth 2023-2028 (%)
Exhibits 67: Data Table on The Netherlands - Year-over-year growth 2023-2028 (%)
Exhibits 68: Chart on Denmark - Market size and forecast 2023-2028 ($ million)
Exhibits 69: Data Table on Denmark - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Chart on Denmark - Year-over-year growth 2023-2028 (%)
Exhibits 71: Data Table on Denmark - Year-over-year growth 2023-2028 (%)
Exhibits 72: Chart on Rest of Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 73: Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 74: Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
Exhibits 75: Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
Exhibits 76: Market opportunity By Geographical Landscape ($ million)
Exhibits 77: Data Table on Market opportunity By Geographical Landscape ($ million)
Exhibits 78: Impact of drivers and challenges in 2023 and 2028
Exhibits 79: Overview on criticality of inputs and factors of differentiation
Exhibits 80: Overview on factors of disruption
Exhibits 81: Impact of key risks on business
Exhibits 82: Companies covered
Exhibits 83: Company ranking index
Exhibits 84: Matrix on companies position and classification
Exhibits 85: Broadview Energy Solutions B.V. - Overview
Exhibits 86: Broadview Energy Solutions B.V. - Product / Service
Exhibits 87: Broadview Energy Solutions B.V. - Key offerings
Exhibits 88: SWOT
Exhibits 89: Crowley Maritime Corp. - Overview
Exhibits 90: Crowley Maritime Corp. - Product / Service
Exhibits 91: Crowley Maritime Corp. - Key offerings
Exhibits 92: SWOT
Exhibits 93: Equinor ASA - Overview
Exhibits 94: Equinor ASA - Business segments
Exhibits 95: Equinor ASA - Key news
Exhibits 96: Equinor ASA - Key offerings
Exhibits 97: Equinor ASA - Segment focus
Exhibits 98: SWOT
Exhibits 99: Exxon Mobil Corp. - Overview
Exhibits 100: Exxon Mobil Corp. - Business segments
Exhibits 101: Exxon Mobil Corp. - Key news
Exhibits 102: Exxon Mobil Corp. - Key offerings
Exhibits 103: Exxon Mobil Corp. - Segment focus
Exhibits 104: SWOT
Exhibits 105: Fjord Line AS - Overview
Exhibits 106: Fjord Line AS - Product / Service
Exhibits 107: Fjord Line AS - Key offerings
Exhibits 108: SWOT
Exhibits 109: PETRONAS Chemicals Group Berhad - Overview
Exhibits 110: PETRONAS Chemicals Group Berhad - Business segments
Exhibits 111: PETRONAS Chemicals Group Berhad - Key offerings
Exhibits 112: PETRONAS Chemicals Group Berhad - Segment focus
Exhibits 113: SWOT
Exhibits 114: PJSC Gazprom Neft - Overview
Exhibits 115: PJSC Gazprom Neft - Product / Service
Exhibits 116: PJSC Gazprom Neft - Key offerings
Exhibits 117: SWOT
Exhibits 118: Shell plc - Overview
Exhibits 119: Shell plc - Business segments
Exhibits 120: Shell plc - Key news
Exhibits 121: Shell plc - Key offerings
Exhibits 122: Shell plc - Segment focus
Exhibits 123: SWOT
Exhibits 124: SHV Energy - Overview
Exhibits 125: SHV Energy - Product / Service
Exhibits 126: SHV Energy - Key offerings
Exhibits 127: SWOT
Exhibits 128: TotalEnergies SE - Overview
Exhibits 129: TotalEnergies SE - Business segments
Exhibits 130: TotalEnergies SE - Key news
Exhibits 131: TotalEnergies SE - Key offerings
Exhibits 132: TotalEnergies SE - Segment focus
Exhibits 133: SWOT
Exhibits 134: Inclusions checklist
Exhibits 135: Exclusions checklist
Exhibits 136: Currency conversion rates for US$
Exhibits 137: Research methodology
Exhibits 138: Information sources
Exhibits 139: Data validation
Exhibits 140: Validation techniques employed for market sizing
Exhibits 141: Data synthesis
Exhibits 142: 360 degree market analysis
Exhibits 143: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the lng bunkering market in europe: Barents NaturGass AS, Bomin Bunker Holding GmbH & Co. KG, Broadview Energy Solutions B.V., Crowley Maritime Corp., Equinor ASA, Exxon Mobil Corp., Fjord Line AS, Gasnor AS, Gasum Oy, Heerema International Group, Kawasaki Heavy Industries Ltd., PETRONAS Chemicals Group Berhad, PJSC Gazprom Neft, Shell plc, SEA LNG Ltd., SHV Energy, Teekay Corp., TotalEnergies SE, and Wartsila Corp..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increase in demand for cleaner fuels."

According to the report, one of the major drivers for this market is the high capital requirements for using lng as marine fuel.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Barents NaturGass AS
  • Bomin Bunker Holding GmbH & Co. KG
  • Broadview Energy Solutions B.V.
  • Crowley Maritime Corp.
  • Equinor ASA
  • Exxon Mobil Corp.
  • Fjord Line AS
  • Gasnor AS
  • Gasum Oy
  • Heerema International Group
  • Kawasaki Heavy Industries Ltd.
  • PETRONAS Chemicals Group Berhad
  • PJSC Gazprom Neft
  • Shell plc
  • SEA LNG Ltd.
  • SHV Energy
  • Teekay Corp.
  • TotalEnergies SE
  • Wartsila Corp.