Market Size of Netherlands LNG Bunkering Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 6.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Netherlands LNG Bunkering Market Analysis
The Netherlands LNG bunkering market is expected to grow at a CAGR of more than 6% over the forecast period.
The market was negatively impacted by the Covid-19 pandemic, as demand for LNG bunkering services fell as marine shipping and trade declined significantly. However, the market has since rebounded and is expected to grow steadily during the forecast period.
- Over the long term, rising investments in LNG import infrastructure to satiate rising LNG demand is expected to drive the market during the forecast period.
- On the flip side, rising natural gas prices in Europe due to the Russia-Ukraine conflict and its economic fallout is expected to result in higher LNG prices, restraining the market during the forecast period.
- Nevertheless, rising investments in small-scale LNG infrastructure to supply smaller ports are expected to provide a significant opportunity for the market beyond the forecast period.
