LNG Bunkering Market Regional Analysis

The North American LNG Bunkering Market holds the most lucrative segment of the market owing to factors like focus on offshore production in some regions of the country and increased shale gas production. Also, the region is expected to show the highest growth during the forecast period. Europe has traditionally held a large portion of the worldwide LNG bunkering business. This is due to the region's early use of LNG as a maritime fuel as well as the presence of emission control areas (ECAs). Furthermore, European countries are enacting strict environmental legislation aimed at lowering air pollution, which is expected to increase the region's use of LNG as a maritime fuel.

In 2021, Asia Pacific held a 27.4 %share of the worldwide market. With yearly sales approaching 50 million metric tonnes, Singapore has become the world's largest centre for conventional bunker fuels. Due to current developments for the construction of new ports, India is also a leading country in the LNG bunkering business.