Impact of COVID-19 on LNG Bunkering Market

As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.

Key Players involve in this research are:

• Bomin Linde LNG GmbH & Co. KG,

• Eagle LNG Partners.

• Engie SA,

• ENN Energy Holdings Limited.,

• Gasnor AS,

• Harvey Gulf International Marine LLC.

• Korea Gas Corporation,

• Polskie LNG,

• Royal Dutch Shell plc.

• Skangass AS.

Growth drivers and Market Value:

This report, from Stratview Research LNG Bunkering Market value and growth drivers over the trend period of 2021-26.

According to the report -

LNG Bunkering Market is likely to grow at an impressive CAGR of 46% during the forecast period. Revolutionary trends towards clean energy combined with strict government regulations to reduce airborne emissions including sulfur and nitrous oxide will lead the LNG bunkering market during the forecast period. Furthermore, technological advancements in vessel design to cut down maintenance, enhance fuel efficiency and improve performance, reliability and safety are some of the key parameters likely to push the product demand.

Segment Analysis:

Based on by Product Type:

Based on the product type, the market is segmented as truck-to-ship, port-to-ship, ship-to-ship, and portable tanks. The ship-to-ship LNG bunkering market is expected to observe expansion over 60% by 2024, owing to its quick transfer operations and high capacity. Capacity to allow the movement of cargo and bunkering operation to occur simultaneously, which will further glorify the industry landscape during the forecast period. On the other hand, availability of pipeline on ports along with larger hose to elevate the bunkering rate; this will positively influence the port-to-ship market size. Low cost and quick transfer operation will go a long way in promoting the acceptance of truck-to-ship operations.

Based on Regional:

In terms of region, North America led the market for LNG bunkering in 2020, and is expected to maintain its indubitable lead during the forecast period as well. The growth of the region can be attributed to the current shale production with stringent emission norms, which will flourish the business growth. Furthermore, increasing focus to maintain fossil fuel sustainability along with rising concern to reduce environmental impact will lead the market growth. Also, growing investments towards the upgradation and rebuilding of LNG infrastructure to further augment the industry outlook. Europe and Asia-Pacific are also expected to substantial growth opportunities over the forecast period.

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https://www.stratviewresearch.com/1828/LNG-bunkering-market.html

Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.

Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.

Key Considerations for Market Forecast:

-          Impact of lockdown, supply chain disruptions.

-          Pre and post-COVID-19 market estimates

-          Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan