To Register CAGR Of 8.9%: Global LNG as Bunker Fuel Market about to hit CAGR of 8.9%from 2017 to 2026
The first five-year cumulative revenue (2017-2021) is projected to be US$ 3,402.2 Mn, which is expected to increase significantly over the latter part of the five-year forecast period. According to report, the LNG as a bunker fuel market is projected to reach a value of over US$ 1,263.2 Mn in 2026 at a CAGR of 8.9% over the forecast period.
Global LNG as a Bunker Fuel Market: Segmental Snapshot
By navigation area: The ocean and sea segment accounted for highest revenue share contribution as compared to other type segment, and is expected to register a CAGR of over 9.1% between 2017 and 2026.
By application: The LNG ships segment is projected to account for highest revenue share as compared to that of other application segment, and register a CAGR of 9.1% over the forecast period, owing to increasing trade activities across countries which will give rise to trade carried out through ships
By region: The market in Europe accounted for highest revenue share in the global LNG as a bunker fuel market in 2016, and is expected to register a CAGR of over 9.4 % between 2017 and 2026, increasing capital investments for LNG bunkering, coupled with increasing seaborne trade from this region
Global LNG as a Bunker Fuel Market: Competitive Analysis
The research report on the global LNG as a bunker fuel market includes profiles of some of major companies such as Royal Dutch Shell Plc, Gasum Oy, Statoil ASA, Barents Natural Gas AS, The Linde Group, ENGIE SA, Korea Gas Corporation, Kunlun Energy Company Ltd., Eni s.p.A, CNOOC Limited, and Energize.
Source of Infographics: LNG as Bunker Fuel Market Infographics by MarketResearch
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