Japan LNG Bunkering Market Introduction and Overview
According to SPER Market Research, the Japan LNG Bunkering Market is estimated to reach USD XX billion by 2033 with a CAGR of 5.51%.
The report includes an in-depth analysis of the Japan LNG Bunkering Market, including market size and trends, product mix, distribution channels, and supplier analysis. LNG bunkering is similar to fitting a large vessel with a unique kind of fuel. Suppose you have a beloved toy that requires batteries to operate. Rather than using ordinary batteries, you utilize special ones that provide a cleaner and more efficient performance. Likewise, for ships to travel on the water, especially large ones, fuel is required. Some ships run on an alternative fuel called LNG, or liquefied natural gas, rather than the standard fuel. The procedure of providing this unique fuel to the ship is known as LNG bunkering. Natural gas is cooled to a liquid state, similar to how ice cubes are made from your favourite beverage.
- Japan Petroleum Exploration and Tomakomai Port Authority conducted an LNG bunkering trial in September 2022 with the assistance of Mitsui O.S.K. Lines. The tugboat Ishin, which was utilized for LNG bunkering and was owned by MOL and run by its group company Nihon Tug-Boat, was at issue in this trial.
- Mitsui O.S.K. Lines, Ltd. and ENN Natural Gas Co., Ltd. inked a long-term charter agreement for three new built LNG carriers in September 2022. Delivery of the vessels is scheduled for 2028. Following delivery, the ships' primary function will be to transfer LNG to China that ENN has purchased under a long-term purchase agreement.
Market Opportunities and ChallengesThe LNG bunkering market in Japan offers opportunities as well as challenges. Positively, LNG is becoming more and more popular around the world as a greener substitute for conventional fuels. With the move toward greener energy sources, Japan has more chance to establish itself as a major force in the LNG bunkering market. Because of its advantageous location along shipping lanes and its advanced technological and infrastructure capabilities, LNG bunkering services may expand in Japan. Furthermore, LNG use is consistent with Japan's commitment to environmental sustainability and lowering greenhouse gas emissions because it is recognized to produce fewer pollutants than traditional maritime fuels.
There are challenges to take into account, though. Initially, a substantial amount of money needs to be invested in infrastructure, including building facilities for LNG bunkering and modifying current ports to handle LNG-powered ships. Government agencies, private financiers, and shipping firms must work together on this. The initial cost of switching to LNG technology is another difficulty. LNG is thought to be a cleaner fuel, although it can need significant upfront infrastructure and shipbuilding costs.
Market Competitive Landscape
The market for LNG bunkering in Japan is somewhat consolidated. The following companies are some of the major players in this market, not in any particular order: Nippon Yusen Kabushiki Kaisha, Toyota Tsusho Corporation, Mitsui OSK Lines Ltd., Kawasaki Heavy Industries, Ltd., and Central LNG Marine Fuel Japan Corporation. These are the some major market players.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By End User
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| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region
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| Companies Covered | Nippon Yusen Kabushiki Kaisha, Toyota Tsusho Corporation, Mitsui OSK Lines Ltd., Kawasaki Heavy Industries, Ltd., and Central LNG Marine Fuel Japan Corporation.
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COVID-19 Impact on Japan LNG Bunkering Market
The market for LNG bunkering in Japan has been significantly impacted by the COVID-19 outbreak. Like many other industries, the maritime sector faced economic difficulties and operational problems. Global shipping activity decreased as a result of the pandemic because trade and travel were hampered by lockdowns and restrictions. The market's growth trajectory was impacted by the decrease in demand for LNG bunkering services as a result of the decrease in maritime traffic. Furthermore, the pandemic's effects on economic uncertainty might have affected investment choices, which could have slowed the construction of LNG bunkering facility infrastructure.
Key Target Audience
- Shipping Companies and Operators
- Port Authorities and Terminal Operators
- Government and Regulatory Bodies
- Investors and Financial Institutions
- Technology and Equipment Suppliers
- Research and Development Institutions
- End Users and Consumers
Our in-depth analysis of the Japan LNG Bunkering Market includes the following segments:
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By Type
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Ship to ship
Terminal to Ship
Truck to Ship
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Digital Advertising Market
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Defence Vessels
Yachts
Cruise Ships
Ferries & OSVs
Bulk and General Cargo Fleets
Others
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By Region
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Eastern Region
Western Region
Southern Region
Northern Region
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Key Topics Covered in the Report
- Japan LNG Bunkering Market Size (FY’2023-FY’2033)
- Overview of Japan LNG Bunkering Market
- Segmentation of Japan LNG Bunkering Market By Type (Ship to ship, Terminal to Ship, Truck to Ship)
- Segmentation of Japan LNG Bunkering Market By End User (Defence Vessels, Yachts, Cruise Ships, Ferries & OSVs, Bulk and General Cargo Fleets, Others)
- Expansion Analysis of Japan LNG Bunkering Market
- Problems and Obstacles in Japan LNG Bunkering Market
- Competitive Landscape in the Japan LNG Bunkering Market
- Impact of COVID-19 and Demonetization on Japan LNG Bunkering Market
- Details on Current Investment in Japan LNG Bunkering Market
- Competitive Analysis of Japan LNG Bunkering Market
- Prominent Players in the Japan LNG Bunkering Market
- SWOT Analysis of Japan LNG Bunkering Market
- Japan LNG Bunkering Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Japan LNG Bunkering Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Japan LNG Bunkering Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Japan LNG Bunkering Market
7. Japan LNG Bunkering Market, By Type (USD Million)
7.1. Japan LNG Bunkering Market Value Share and Forecast, By Type, 2023-2033
7.2. Ship to ship
7.3. Terminal to Ship
7.4. Truck to Ship
8. Japan LNG Bunkering Market, By End User (USD Million)
8.1. Japan LNG Bunkering Market Value Share and Forecast, By End User, 2023-2033
8.2. Defence Vessels
8.3. Yachts
8.4. Cruise Ships
8.5. Ferries & OSVs
8.6. Bulk and General Cargo Fleets
8.7. Others
9. Japan LNG Bunkering Market Forecast, 2019-2033 (USD Million)
9.1. Japan LNG Bunkering Market Size and Market Share
10. Japan LNG Bunkering Market, By Type, 2019-2033 (USD Million)
10.1. Japan LNG Bunkering Market Size and Market Share By Type (2019-2026)
10.2. Japan LNG Bunkering Market Size and Market Share By Type (2027-2033)
11. Japan LNG Bunkering Market, By End User, 2019-2033 (USD Million)
11.1. Japan LNG Bunkering Market Size and Market Share By End User (2019-2026)
11.2. Japan LNG Bunkering Market Size and Market Share By End User (2027-2033)
12. Japan LNG Bunkering Market, By Region, 2019-2033 (USD Million)
12.1. Japan LNG Bunkering Market Size and Market Share By Region (2019-2026)
12.2. Japan LNG Bunkering Market Size and Market Share By Region (2027-2033)
12.3. Eastern Region
12.4. Western Region
12.5. Southern Region
12.6. Northern Region
13. Company Profile
13.1. Central LNG Marine Fuel Japan Corporation
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Chubu Electric Power Co., Inc.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Engie SA
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Kawasaki Heavy Industries, Ltd.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Mitsui OSK Lines Ltd
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Nippon Yusen Kabushiki Kaisha
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Toyota Tsusho Corporation
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
