Growth of LNG Bunkering Market to Be Impacted by Technological Advancements in LNG Bunkering | Technavio
LONDON--(BUSINESS WIRE)--Nov 20, 2019--
The report, global LNG bunkering market, has been added to Technavio’s catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on end-users and geography for the forecast period 2019-2023.
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Technavio has announced its latest market research report titled global LNG bunkering market 2019-2023. (Graphic: Business Wire)
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This report on the LNG bunkering market includes:
LNG bunkering market analysis and forecast 2019-2023: Features
LNG bunkering Market 2019-2023: Competitive Landscape
LNG Bunkering Market 2019-2023: Geographic Landscape
LNG Bunkering Market 2019-2023: End-Users
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Expansion of the marine logistics market will drive the LNG bunkering market
The expansion of the marine logistics market will be one of the major factors behind the LNG bunkering market growth. Maritime transport allows industrial development by supporting manufacturing, bringing together consumers, intermediate and capital goods industries, and promoting regional economic and trade integration. The seaborne trade has also grown especially, in developing economies like Africa, Asia, Oceania, and the Americas due to increasing trade of dry cargo, gas, and petroleum products. This growth in marine logistics business positively impacts the demand for LNG bunkering.
Technological advancements in LNG bunkering– An emerging trend in the LNG bunkering market
Technological advancements in LNG bunkering is one of the major LNG bunkering market trends expected to propel market growth. Vendors in the market are increasingly investing and adopting advanced technologies to secure their market position. For instance, in 2018, the European Maritime Safety Agency announced the use of sniffer technology to monitor 0.5% sulfur cap on bunker fuel. Such developments are expected to boost the efficiency of LNG bunkering vessels.
Other Key Topics Covered in the Report are:
DRIVERS AND CHALLENGES
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PUB: 11/20/2019 08:00 PM/DISC: 11/20/2019 08:01 PM