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Global Marine Methanol Engine Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2029
Synopsis
The global Marine Methanol Engine market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Methanol fuel has the advantages of low emission and high energy efficiency, so it is regarded as an environmentally friendly marine fuel that can replace LNG. In the past, due to the difficulty in the source of methanol, and the low ignition point of methanol, the consumption of methanol is three times that of fuel oil, which will occupy a large storage space on the ship and affect the loading capacity of the ship. Moreover, the price of methanol is about 50% higher than that of LNG. Therefore, the original methanol Fuel is not favored. With the increase in natural gas production in recent years, the production cost of methanol is falling. In addition, thanks to the development of nitrogen oxide reduction technology, the "disadvantages" of methanol compared with LNG have been reduced; on the contrary, the disadvantages of high-pressure and ultra-low temperature maintenance equipment required for the use of LNG are becoming prominent. Because methanol can maintain a liquid state at normal atmospheric pressure and normal temperature, it does not require low-temperature equipment, and it is easy to store and transport safely. It can be used after a simple modification of the existing fuel supply-related infrastructure in ports and ships. Methanol-fueled ships are simpler and cheaper to build new than LNG. As the "heart" of the ship, the engine provides a steady stream of power output for the normal navigation of the ship. Therefore, to promote methanol as a marine fuel, the focus is on the development of marine methanol engines. Efficient, environmentally friendly, and reliable methanol engines are the key to realizing the large-scale application of methanol fuel in ships in the future. At present, the methanol engine market is still in its infancy, and there are very few commercial manufacturers.
This report is a detailed and comprehensive analysis for global Marine Methanol Engine market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Marine Methanol Engine market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global Marine Methanol Engine market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global Marine Methanol Engine market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global Marine Methanol Engine market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Marine Methanol Engine
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Marine Methanol Engine market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Wärtsilä, MAN Energy Solutions, WinGD and MTU, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Marine Methanol Engine market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Two Stroke Engine
Four Stroke Engine
Market segment by Application
Chemical Tanker
Oil Tanker
Other
Major players covered
Wärtsilä
MAN Energy Solutions
WinGD
MTU
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Marine Methanol Engine product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Marine Methanol Engine, with price, sales, revenue and global market share of Marine Methanol Engine from 2018 to 2023.
Chapter 3, the Marine Methanol Engine competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Marine Methanol Engine breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Marine Methanol Engine market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Marine Methanol Engine.
Chapter 14 and 15, to describe Marine Methanol Engine sales channel, distributors, customers, research findings and conclusion.
The global Marine Methanol Engine market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Methanol fuel has the advantages of low emission and high energy efficiency, so it is regarded as an environmentally friendly marine fuel that can replace LNG. In the past, due to the difficulty in the source of methanol, and the low ignition point of methanol, the consumption of methanol is three times that of fuel oil, which will occupy a large storage space on the ship and affect the loading capacity of the ship. Moreover, the price of methanol is about 50% higher than that of LNG. Therefore, the original methanol Fuel is not favored. With the increase in natural gas production in recent years, the production cost of methanol is falling. In addition, thanks to the development of nitrogen oxide reduction technology, the "disadvantages" of methanol compared with LNG have been reduced; on the contrary, the disadvantages of high-pressure and ultra-low temperature maintenance equipment required for the use of LNG are becoming prominent. Because methanol can maintain a liquid state at normal atmospheric pressure and normal temperature, it does not require low-temperature equipment, and it is easy to store and transport safely. It can be used after a simple modification of the existing fuel supply-related infrastructure in ports and ships. Methanol-fueled ships are simpler and cheaper to build new than LNG. As the "heart" of the ship, the engine provides a steady stream of power output for the normal navigation of the ship. Therefore, to promote methanol as a marine fuel, the focus is on the development of marine methanol engines. Efficient, environmentally friendly, and reliable methanol engines are the key to realizing the large-scale application of methanol fuel in ships in the future. At present, the methanol engine market is still in its infancy, and there are very few commercial manufacturers.
This report is a detailed and comprehensive analysis for global Marine Methanol Engine market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Marine Methanol Engine market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global Marine Methanol Engine market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global Marine Methanol Engine market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2018-2029
Global Marine Methanol Engine market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Marine Methanol Engine
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Marine Methanol Engine market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Wärtsilä, MAN Energy Solutions, WinGD and MTU, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Marine Methanol Engine market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Two Stroke Engine
Four Stroke Engine
Market segment by Application
Chemical Tanker
Oil Tanker
Other
Major players covered
Wärtsilä
MAN Energy Solutions
WinGD
MTU
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Marine Methanol Engine product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Marine Methanol Engine, with price, sales, revenue and global market share of Marine Methanol Engine from 2018 to 2023.
Chapter 3, the Marine Methanol Engine competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Marine Methanol Engine breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Marine Methanol Engine market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Marine Methanol Engine.
Chapter 14 and 15, to describe Marine Methanol Engine sales channel, distributors, customers, research findings and conclusion.
Index1 Market Overview
1.1 Product Overview and Scope of Marine Methanol Engine
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Marine Methanol Engine Consumption Value by Type: 2018 Versus 2022 Versus 2029
1.3.2 Two Stroke Engine
1.3.3 Four Stroke Engine
1.4 Market Analysis by Application
1.4.1 Overview: Global Marine Methanol Engine Consumption Value by Application: 2018 Versus 2022 Versus 2029
1.4.2 Chemical Tanker
1.4.3 Oil Tanker
1.4.4 Other
1.5 Global Marine Methanol Engine Market Size & Forecast
1.5.1 Global Marine Methanol Engine Consumption Value (2018 & 2022 & 2029)
1.5.2 Global Marine Methanol Engine Sales Quantity (2018-2029)
1.5.3 Global Marine Methanol Engine Average Price (2018-2029)
2 Manufacturers Profiles
2.1 Wärtsilä
2.1.1 Wärtsilä Details
2.1.2 Wärtsilä Major Business
2.1.3 Wärtsilä Marine Methanol Engine Product and Services
2.1.4 Wärtsilä Marine Methanol Engine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.1.5 Wärtsilä Recent Developments/Updates
2.2 MAN Energy Solutions
2.2.1 MAN Energy Solutions Details
2.2.2 MAN Energy Solutions Major Business
2.2.3 MAN Energy Solutions Marine Methanol Engine Product and Services
2.2.4 MAN Energy Solutions Marine Methanol Engine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.2.5 MAN Energy Solutions Recent Developments/Updates
2.3 WinGD
2.3.1 WinGD Details
2.3.2 WinGD Major Business
2.3.3 WinGD Marine Methanol Engine Product and Services
2.3.4 WinGD Marine Methanol Engine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.3.5 WinGD Recent Developments/Updates
2.4 MTU
2.4.1 MTU Details
2.4.2 MTU Major Business
2.4.3 MTU Marine Methanol Engine Product and Services
2.4.4 MTU Marine Methanol Engine Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.4.5 MTU Recent Developments/Updates
3 Competitive Environment: Marine Methanol Engine by Manufacturer
3.1 Global Marine Methanol Engine Sales Quantity by Manufacturer (2018-2023)
3.2 Global Marine Methanol Engine Revenue by Manufacturer (2018-2023)
3.3 Global Marine Methanol Engine Average Price by Manufacturer (2018-2023)
3.4 Market Share Analysis (2022)
3.4.1 Producer Shipments of Marine Methanol Engine by Manufacturer Revenue ($MM) and Market Share (%): 2022
3.4.2 Top 3 Marine Methanol Engine Manufacturer Market Share in 2022
3.4.2 Top 6 Marine Methanol Engine Manufacturer Market Share in 2022
3.5 Marine Methanol Engine Market: Overall Company Footprint Analysis
3.5.1 Marine Methanol Engine Market: Region Footprint
3.5.2 Marine Methanol Engine Market: Company Product Type Footprint
3.5.3 Marine Methanol Engine Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Marine Methanol Engine Market Size by Region
4.1.1 Global Marine Methanol Engine Sales Quantity by Region (2018-2029)
4.1.2 Global Marine Methanol Engine Consumption Value by Region (2018-2029)
4.1.3 Global Marine Methanol Engine Average Price by Region (2018-2029)
4.2 North America Marine Methanol Engine Consumption Value (2018-2029)
4.3 Europe Marine Methanol Engine Consumption Value (2018-2029)
4.4 Asia-Pacific Marine Methanol Engine Consumption Value (2018-2029)
4.5 South America Marine Methanol Engine Consumption Value (2018-2029)
4.6 Middle East and Africa Marine Methanol Engine Consumption Value (2018-2029)
5 Market Segment by Type
5.1 Global Marine Methanol Engine Sales Quantity by Type (2018-2029)
5.2 Global Marine Methanol Engine Consumption Value by Type (2018-2029)
5.3 Global Marine Methanol Engine Average Price by Type (2018-2029)
6 Market Segment by Application
6.1 Global Marine Methanol Engine Sales Quantity by Application (2018-2029)
6.2 Global Marine Methanol Engine Consumption Value by Application (2018-2029)
6.3 Global Marine Methanol Engine Average Price by Application (2018-2029)
7 North America
7.1 North America Marine Methanol Engine Sales Quantity by Type (2018-2029)
7.2 North America Marine Methanol Engine Sales Quantity by Application (2018-2029)
7.3 North America Marine Methanol Engine Market Size by Country
7.3.1 North America Marine Methanol Engine Sales Quantity by Country (2018-2029)
7.3.2 North America Marine Methanol Engine Consumption Value by Country (2018-2029)
7.3.3 United States Market Size and Forecast (2018-2029)
7.3.4 Canada Market Size and Forecast (2018-2029)
7.3.5 Mexico Market Size and Forecast (2018-2029)
8 Europe
8.1 Europe Marine Methanol Engine Sales Quantity by Type (2018-2029)
8.2 Europe Marine Methanol Engine Sales Quantity by Application (2018-2029)
8.3 Europe Marine Methanol Engine Market Size by Country
8.3.1 Europe Marine Methanol Engine Sales Quantity by Country (2018-2029)
8.3.2 Europe Marine Methanol Engine Consumption Value by Country (2018-2029)
8.3.3 Germany Market Size and Forecast (2018-2029)
8.3.4 France Market Size and Forecast (2018-2029)
8.3.5 United Kingdom Market Size and Forecast (2018-2029)
8.3.6 Russia Market Size and Forecast (2018-2029)
8.3.7 Italy Market Size and Forecast (2018-2029)
9 Asia-Pacific
9.1 Asia-Pacific Marine Methanol Engine Sales Quantity by Type (2018-2029)
9.2 Asia-Pacific Marine Methanol Engine Sales Quantity by Application (2018-2029)
9.3 Asia-Pacific Marine Methanol Engine Market Size by Region
9.3.1 Asia-Pacific Marine Methanol Engine Sales Quantity by Region (2018-2029)
9.3.2 Asia-Pacific Marine Methanol Engine Consumption Value by Region (2018-2029)
9.3.3 China Market Size and Forecast (2018-2029)
9.3.4 Japan Market Size and Forecast (2018-2029)
9.3.5 Korea Market Size and Forecast (2018-2029)
9.3.6 India Market Size and Forecast (2018-2029)
9.3.7 Southeast Asia Market Size and Forecast (2018-2029)
9.3.8 Australia Market Size and Forecast (2018-2029)
10 South America
10.1 South America Marine Methanol Engine Sales Quantity by Type (2018-2029)
10.2 South America Marine Methanol Engine Sales Quantity by Application (2018-2029)
10.3 South America Marine Methanol Engine Market Size by Country
10.3.1 South America Marine Methanol Engine Sales Quantity by Country (2018-2029)
10.3.2 South America Marine Methanol Engine Consumption Value by Country (2018-2029)
10.3.3 Brazil Market Size and Forecast (2018-2029)
10.3.4 Argentina Market Size and Forecast (2018-2029)
11 Middle East & Africa
11.1 Middle East & Africa Marine Methanol Engine Sales Quantity by Type (2018-2029)
11.2 Middle East & Africa Marine Methanol Engine Sales Quantity by Application (2018-2029)
11.3 Middle East & Africa Marine Methanol Engine Market Size by Country
11.3.1 Middle East & Africa Marine Methanol Engine Sales Quantity by Country (2018-2029)
11.3.2 Middle East & Africa Marine Methanol Engine Consumption Value by Country (2018-2029)
11.3.3 Turkey Market Size and Forecast (2018-2029)
11.3.4 Egypt Market Size and Forecast (2018-2029)
11.3.5 Saudi Arabia Market Size and Forecast (2018-2029)
11.3.6 South Africa Market Size and Forecast (2018-2029)
12 Market Dynamics
12.1 Marine Methanol Engine Market Drivers
12.2 Marine Methanol Engine Market Restraints
12.3 Marine Methanol Engine Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
12.5 Influence of COVID-19 and Russia-Ukraine War
12.5.1 Influence of COVID-19
12.5.2 Influence of Russia-Ukraine War
13 Raw Material and Industry Chain
13.1 Raw Material of Marine Methanol Engine and Key Manufacturers
13.2 Manufacturing Costs Percentage of Marine Methanol Engine
13.3 Marine Methanol Engine Production Process
13.4 Marine Methanol Engine Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Marine Methanol Engine Typical Distributors
14.3 Marine Methanol Engine Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Published By : GlobalInfoResearch
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