APAC LNG Marine Engine Market to generate lucrative proceeds by 2025: Global Market Insights, Inc.
Jul 10, 2019
Commercial LNG marine engine market size will witness growth owing to growing demand for container and tanker vessels, gas & bulk carriers along with an upsurge in shipbuilding activities.
Selbyville, United States - July 10, 2019 /MarketersMedia/ —
Global Market Insights Inc. announces an ongoing comprehensive report on the “LNG Marine Engine Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, Norway, France, Austria, Romania, Greece, China, Japan, India, South Korea, Australia, Singapore, UAE, South Africa, Brazil, Argentina, Mexico) Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025”.
This report provides an exhaustive account of the industry including:
• LNG marine engine market size, historical from 2014 to 2018 and annual forecast from 2019 to 2025
• Major LNG marine engine industry trends, technology evolution, economic indicators and business challenges
• Regulatory and geopolitical trends impacting the industry
• Business drivers and pitfalls impacting key regional markets
• Competitive landscape of the industry and detailed profiles on the major companies
Request For Table Of Content @ https://www.gminsights.com/request-toc/upcoming/3762
Increasing demand for fuel-efficient ships will drive LNG marine engine market size. LNG-fueled engines have gained increased traction on account of the ever-expanding global tourism sector and rising tourist traffic over recent years. According to National Statistical Office reports, total cruise passenger traffic was recorded at 78,051 during the first quarter of 2019, increasing 11.9% over the corresponding period in 2018.
Rising technological advancements have led to production of low-emission LNG-powered ships, bolstering LNG marine engine market size. Increasing production of eco-friendly and fuel-efficient maritime propulsion systems with leading LNG-powered engines will drive the industry share.
Cargo ship segment will offer modest proceeds to LNG marine engine market. Driven by increasing demand for LNG-powered ships, the LNG bunkering sector has expanded significantly over recent years. Growing demand for fuel-efficient and reliable marine propulsion systems has led manufacturers to develop advanced LNG marine engines.
Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/lng-marine-engine-market
Asia-Pacific LNG marine engine market will register substantial gains over the forecast period. Rapid shift towards low-emission marine fuel coupled with stringent emission standards have accelerated LNG-powered ships demand in the region. Additionally, growing investment in LNG bunker building sector is estimated to expand APAC market size. Numerous companies have announced the production of LNG bunker vessels, which may go operational in a year or two.
APAC’s LNG marine engine market growth will mainly be supported by the rising expansion of the shipbuilding sector across countries like China. In fact, it has recently been speculated that China’s first seagoing LNG bunker vessel is under construction and will soon go operational.
Major players operating in LNG marine engine market include Caterpillar, Brunswick Corp., Anglo Belgian, Cummins, Deutz, John Deere, Rolls Royce, Yanmar, Turbo, Scania, Volvo Penta, IHI Corp., Wärtsilä, and Yuchai among others. Often, these companies engage in diverse growth tactics to expand their revenue share and reach across the globe.
Related Report:
Marine Engines Market Size By Fuel (MDO, MGO, LNG, Hybrid), By Power ( 20,000 HP), By Technology (Low Speed, Medium Speed, High Speed), By Propulsion (2-Stroke, 4-Stroke), By Application (Commercial [Container Vessels, Tankers, Bulk Carriers, Roll On/Roll Off], Offshore [AHTS, PSV, MPSV], Recreational [Cruise Ships, Ferries, Yachts], Navy), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, Norway, France, Russia, Denmark, Netherlands, Belgium, China, Japan, India, South Korea, Australia, Vietnam, Singapore, Saudi Arabia, UAE, Iran, Angola, Egypt, South Africa, Brazil, Argentina, Mexico) Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024
https://www.gminsights.com/industry-analysis/marine-engines-market
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/lng-marine-engine-market
Source: MarketersMedia
Release ID: 88894636
More News
Former Port Adelaide player Daniel Stewart dies, aged 37
The AFL community is in shock over the sudden death of Daniel Stewart, aged 37, who played for Port Adelaide from 2010-2013.
Ukraine’s Starlink woes should be a wake-up call for Taiwan, analysts say
Taiwan should not rely on a single foreign satellite provider for critical wartime communications, analysts have warned, after sudden restrictions on the use of Elon Musk’s Starlink disrupted Ukrainian drone operations. The episode has renewed debate in Taiwan over the risks of entrusting essential communications to foreign commercial operators whose services could be restricted for political, military or business reasons. Analysts said this was particularly relevant as Taipei was trying to...
North Korean leader Kim Jong-un visits Chinese border city of Dandong
North Korean leader Kim Jong-un visited the Chinese border city of Dandong on Saturday, according to state news agency Xinhua. The trip, Kim’s first visit to China in more than a year, comes ahead of next month’s Asia-Pacific Economic Cooperation summit in the southern Chinese city of Shenzhen, where Donald Trump and other world leaders are expected to visit. He was accompanied by Wang Huning, China’s fourth-ranked official, according to Xinhua. Wang called on the two countries to expand...
Sheriff Chad Bianco asks Riverside County to foot legal bills over ballot seizure
The saga over Riverside County Sheriff Chad Bianco's seizure of hundreds of thousands of special election ballots has taken another turn, as a dispute looms over who should foot the bill for his legal defense.
Is Washington misreading Beijing? Decline in US visits to China sparks concern
When Grant Newsham, a retired US Marine colonel and security analyst, sat down for an interview that aired last month, he called China’s economic rise illusory and said there were “600 million Chinese at least who live on US$5 a day or less”. His remarks quickly drew online criticism as well as accusations that he was using outdated figures from 2020 while ignoring differences in purchasing power. Some commenters argued that uneven development was common across countries. Others questioned how...
Exceptionally high tides will swamp California, 'likely to get worse before it gets better'
Exceptionally high tides are set to hit California as early as this weekend, sending officials scrambling to prepare for another onslaught along the state's already battered coast. Significant coastal flooding is expected in some areas.
"A butter knife against a nuclear arsenal:" Tech billionaires vastly outspend wealth tax supporters
More than $351 million in political donations has been poured into a high-stakes contest about a proposed wealth tax on the November ballot, making it one of the most costly campaigns in California history.
Cox Plate as it happened: Stars align for Cosmic Crusader as trainer Andrea Leek makes history
Andrea Leek felt like an “imposter” after upstaging some of racing’s biggest names when Cosmic Crusader won a historic edition of the $6 million Cox Plate in front of 34,617 racegoers at Flemington.
‘Systematically dismantled’: Hegseth’s new offensive against China’s Confucius Institutes
Just weeks before Donald Trump’s second trip to China this year and his third meeting with President Xi Jinping, whom he has called a “truly great” friend, his administration is intensifying its crackdown on Confucius Institutes – Beijing-backed centres that promote Chinese language and culture at universities abroad. Long viewed by critics as instruments of Beijing’s soft power and cultural diplomacy, the institutes are back in the crosshairs of US Defence Secretary Pete Hegseth, who says the...
33 held in crackdown on credit card theft ring targeting Hongkongers in Shenzhen
Hong Kong and mainland Chinese police have arrested 33 people in a joint crackdown on a syndicate that allegedly stole credit cards from residents who had travelled north to Shenzhen, with losses exceeding HK$1.8 million (US$229,500). Superintendent Tsang Chun-kit of the Crime Kowloon East Regional Headquarters said on Saturday that “card carriers” then immediately crossed the border to buy mobile phones and resell them for cash, all before the victims could realise what had happened. “All the...
Thousands evacuated and flights grounded as Typhoon Champi hits eastern China
Typhoon Champi continued to batter China’s eastern coast on Saturday, grounding over a hundred flights and prompting the authorities to relocate tens of thousands of people, while weakening as it moved towards Japan. Flights from airports in Shanghai as well as Fujian and Zhejiang provinces were grounded. China Eastern Airlines said it had cancelled 39 domestic flights to and from Shanghai’s two main airports while flights to and from the cities of Fuzhou and Wenzhou were also affected. The...
Young driver rescued in Queensland floodwaters
A young driver has survived a terrifying plunge into floodwaters on the Sunshine Coast, with rescuers reaching the man in the nick of time.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.