Market Size of Middle-East and Africa LNG Bunkering Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 4.65 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA LNG Bunkering Market Analysis
The Middle-East and Africa LNG bunkering market is expected to grow at a CAGR of more than 4.65% over the period of 2020-2025. Stringent environmental regulations to curb emissions coupled with the abundant availability of natural gas is expected to stimulate industry growth. Also, increasing focus to maintain fossil fuel sustainability along with rising concerns to minimize environmental impact are some of the driving factors for the LNG bunkering market in the region. Moreover, reducing the sulfur content from conventional fuel is capital intensive, which is likely to hamper the market studied.
- As of 2019, the tanker fleet has accounted for the largest market share and is expected to continue the same trend during the forecast period.
- Implementation of LNG bunkering activities also provides a great opportunity for the Middle-East and Africa regional LNG bunkering operator companies to serve the inbound European ships, which have strict environmental regulation norms to follow.
- The United Arab Emirates has been one of the major emerging countries in the implementation of LNG bunkering activities in the Middle-East and African region during the forecast period.
MEA LNG Bunkering Industry Segmentation
The Middle-East and Africa LNG bunkering market report includes:
| End-User | |
| Tanker Fleet | |
| Container Fleet | |
| Bulk & General Cargo Fleet | |
| Ferries & OSV | |
| Others |
| Geography | |
| The United Arab Emirates | |
| Qatar | |
| South Africa | |
| Rest of Middle-East and Africa |
Middle-East and Africa LNG Bunkering Market Size Summary
The Middle-East and Africa LNG bunkering market is poised for significant growth, driven by stringent environmental regulations aimed at reducing emissions and the abundant availability of natural gas in the region. The focus on maintaining fossil fuel sustainability and minimizing environmental impact further propels the market's expansion. However, the high capital costs associated with reducing sulfur content in conventional fuels may pose challenges. The tanker fleet, which includes various categories such as small, intermediate, medium-range, and large tankers, currently dominates the market share and is expected to maintain this trend. The shift from standard fuel oils and diesel to low sulfur content fuel or LNG, as mandated by IMO 2020 regulations, is anticipated to enhance LNG's reliability as a fuel source for tankers.
The United Arab Emirates emerges as a key player in the region's LNG bunkering activities, leveraging its substantial oil and gas reserves. The country's strategic initiatives, such as the expansion of the Port of Fujairah to include a ship-to-ship LNG transfer facility, underscore its commitment to enhancing bunkering capabilities. This expansion not only caters to regional demands but also positions UAE companies to serve European ships adhering to strict environmental norms. The moderately consolidated market features prominent players like Royal Dutch Shell, Total SA, and JGC Holdings Corporation, who are instrumental in driving the growth and development of LNG bunkering facilities across the Middle-East and Africa.
Middle-East and Africa LNG Bunkering Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 End-User
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2.1.1 Tanker Fleet
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2.1.2 Container Fleet
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2.1.3 Bulk & General Cargo Fleet
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2.1.4 Ferries & OSV
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2.1.5 Others
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2.2 Geography
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2.2.1 The United Arab Emirates
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2.2.2 Qatar
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2.2.3 South Africa
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2.2.4 Rest of Middle-East and Africa
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Middle-East and Africa LNG Bunkering Market Size FAQs
What is the current Middle-East and Africa LNG Bunkering Market size?
The Middle-East and Africa LNG Bunkering Market is projected to register a CAGR of greater than 4.65% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa LNG Bunkering Market?
Royal Dutch Shell PL, Total SA, Crowley Maritime Corporation, Nauticor GmbH & Co. KG and JGC HOLDINGS CORPORATION are the major companies operating in the Middle-East and Africa LNG Bunkering Market.
