LNG Marine Engine Market industry analysis research and trends report for 2019 – 2025

1
LNG Marine Engine Market Size, Industry Analysis
Report, Regional Outlook
2
LNG Marine Engine Market

• LNG Marine Engine Market size is anticipated to
  grow on account of shifting trend toward clean
  fuel coupled with strict government regulations
  to control seaborne emission including SOx and
  NOx. In 2018, International Marine Organization
  (IMO) adopted a strategy with an aim to reduce
  annual GHG emission from shipping activities by
  at least 50 by 2050 when compared to 2008.
  Growing demand for eco-friendly and reliable
  marine fuel will further complement the business
  landscape.
• Increasing demand for economically viable engines
  along with growing maritime tourism will
  positively influence the LNG Marine Engine market
  share. Growing tourism industry accompanied with
  rising disposable income, standard of living and
  demographic changes is anticipated to stimulate
  the fuel adoption. According to the World Travel
  and Tourism Council, maritime tourism was the
  highest revenue making segment in 2017
  accounted over 10 of the global GDP.
• Medium speed LNG Marine Engine market size is set
  to grow owing to rising demand for cruise,
  ferries and commercial vessels including cargo,
  fast ferries and passenger. Increasing global
  voyage trade coupled with improved system
  performance compact designing will propel the
  industry outlook.

3
Continue.....

• High speed LNG Marine Engine market is projected
  to grow on account of ongoing expansion and
  construction of local seaports coupled with
  increasing demand for tugboats. These systems are
  widely used in coast guards, fishing ships and
  naval that operate on various range of speed.
  Increasing ship bound trade along with rise in
  manufacturing of commercial vessels including
  container vessels, cargo ships and tankers will
  stimulate the product demand.
• 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.
  Increasing government spending toward
  distribution of navy ships for strengthening the
  security activities will drive the product
  demand. Moreover, high reliability and cost
  efficiency are the key factors boosting the
  product adoption. These systems can operate with
  average efficiency of 40 to 50 depending on
  vessel size, engine age and deadweight tonnage.
• The data in this LNG Marine Engine market
  research is collated via multiple channels
  including but not limited to primary and
  secondary sources, databases, business specific
  references and others. The study aims to offer
  not only commercial data but also includes
  analysis of important factors, technical as well
  as market-oriented insights.

4

Latest Research Report On LNG Marine Engine
Market Market _at_ https//www.gminsights.com/industr
y-analysis/lng-marine-engine-market Request for
table of content _at_ https//www.gminsights.com/requ
est-toc/upcoming/3762 Request to customize
report_at_ https//www.gminsights.com/roc/3762
5
Stay In Touch You can visit us at
www.gminsights.com