Global LNG Powered Ship Market Research Report 2023

LNG Bunkering is the practice of providing liquefied natural gas fuel to a ship for its own consumption. The key advantage of LNG as a fuel is the vast reduction in pollutant caused by the more traditional method of fueling ships such as heavy fuel oil, marine diesel fuel (MDO) and marine gas oil (MGO). LNG bunkering Vessels are used for refueling LNG-powered vessels at sea.

According to Researcher's new survey, global LNG Powered Ship market is projected to reach US$ 1727.4 million in 2029, increasing from US$ 435 million in 2022, with the CAGR of 25.6% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole LNG Powered Ship market research.

Key manufacturers engaged in the LNG Powered Ship industry include DSME, Hyundai Heavy Industries(HHI), Samsung Heavy Industries, Hudong-Zhonghua Shipbuilding (Group) Co., Mitsubishi Heavy Industries Group, Kawasaki, Japan Marine United and IMABARI SHIPBUILDING CO., etc. Among those manufacturers, the top 3 players guaranteed % supply worldwide in 2022.

For production bases, global LNG Powered Ship production is dominated by and . The two regions contributed to % production share globally in 2022.

When refers to consumption region, % volume of LNG Powered Ship were sold to North America, Europe and Asia Pacific in 2022. Moreover, China, plays a key role in the whole LNG Powered Ship market and estimated to attract more attentions from industry insiders and investors.

Report Scope

This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global LNG Powered Ship market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.


By Company


DSME

Hyundai Heavy Industries(HHI)

Samsung Heavy Industries

Hudong-Zhonghua Shipbuilding (Group) Co.

Mitsubishi Heavy Industries Group

Kawasaki

Japan Marine United

IMABARI SHIPBUILDING CO.


Segment by Type


Single LNG fuel

Dual-fuel


Segment by Application


Offshore Vessels

Passenger Vessel

Box + Dry Bulk Ship

Others


Production by Region



North America

Europe

China

Japan

South Korea

India


Consumption by Region


North America

United States

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

China Taiwan

Southeast Asia

India

Latin America, Middle East & Africa

Mexico

Brazil

Turkey

GCC Countries

The LNG Powered Ship report covers below items:

Chapter 1: Product Basic Information (Definition, type and application)

Chapter 2: Manufacturers’ Competition Patterns

Chapter 3: Production Region Distribution and Analysis

Chapter 4: Country Level Sales Analysis

Chapter 5: Product Type Analysis

Chapter 6: Product Application Analysis

Chapter 7: Manufacturers’ Outline

Chapter 8: Industry Chain, Market Channel and Customer Analysis

Chapter 9: Market Opportunities and Challenges

Chapter 10: Market Conclusions

Chapter 11: Research Methodology and Data Source

Frequently Asked Questions