The LNG as a Fuel Market Report 2019-2023 focuses on the global LNG as a Fuel status, future forecast, growth opportunity, key market, and key players.
The LNG as a Fuel Market report studies the global market size of LNG as a Fuel in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of LNG as a Fuel in these regions. This research report categorizes the global LNG as a Fuel market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of LNG as a Fuel include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- Chevron Corporation
- Exxon Mobil Corporation
- Royal Dutch Shell
- Petro China
- Petroleum & Chemical Corporation
- Conoco Philips
- Eni SpA
- Accenture plc.
Overview of LNG as a Fuel Market Research Report 2019-2023:-
The demand for LNG globally has increased significantly, but its use as a fuel has still not gained momentum. LNG as a fuel is expected to gain momentum in the near future owing to tough emission regulations on the operations of marine vessels. Power plants have started using LNG as a fuel, but on a low scale, though it is an opportunity for the market, the growth in this segment is not likely to compete with transportation sector.
LNG as a fuel for Shipping Driving the Demand
The International Maritime Organization (IMO) has put a cap of 0.50% m/m on sulphur content, reducing it by around 85% from the current cap on shipsâ fuel oil, effective from 1st January 2020. The strict regulations in response to climate change have put pressure on the shipping vessels to choose LNG in place oil. At the beginning of March 2019, there are more than 120 vessels burning LNG, with more than two-third operating in Europe. The number of the LNG based vessel is expected to be doubled due to tough IMO regulations in the near future driving the demand for LNG as a fuel.
Power Market an Opportunity for LNG
Coal-fired power plants have been the biggest player in terms of power generation, and now several economies are shifting to cleaner fuel such as natural gas, solar and wind for power generation. Recently, countries such as Brazil, Pakistan, and Bangladesh etc., have either introduced LNG fired power plants or it is in the construction stage and is expected to be operational during the forecast period. Bangladesh is developing the worldâs one of the largest LNG-based combined cycle power plant of 500-600 MW. In 2016, Brazil started constructing two LNG fired power plant of a total capacity of 1.24 GW. As the technology improves and liquefaction becomes cheaper the number of LNG fired power plants is expected to grow significantly.
Europe and North America are expected to Experience the Fastest Growth
The maritime industry of Europe and North America is expected to move toward cleaner LNG fuel faster than rest of the regions, and hence, are expected to continue to be the leaders in the use of LNG as a marine fuel. The growth in developing countries, such as China and India, are expected to drive the marine trade in Asia-Pacific region. But this region lacks the infrastructure required for LNG fuel transportation, which in turn is expected to hinder the growth of LNG market during the forecast period.
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Reasons to Purchase this Report
Key questions answered in the LNG as a Fuel Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of LNG as a Fuel market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of LNG as a Fuel Market Research Report 2019-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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