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Global Marine Methanol Engine Market Research Report 2024
Synopsis
Global Marine Methanol Engine market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % 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 Marine Methanol Engine market research.
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.
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 Marine Methanol Engine market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Wärtsilä
MAN Energy Solutions
WinGD
MTU
Segment by Type
Two Stroke Engine
Four Stroke Engine
Segment by Application
Chemical Tanker
Oil Tanker
Other
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE
The Marine Methanol Engine report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Country Level Sales Analysis
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6: Manufacturers’ Outline
Chapter 7: Industry Chain, Market Channel and Customer Analysis
Chapter 8: Market Opportunities and Challenges
Chapter 9: Market Conclusions
Chapter 10: Research Methodology and Data Source
Global Marine Methanol Engine market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % 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 Marine Methanol Engine market research.
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.
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 Marine Methanol Engine market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Wärtsilä
MAN Energy Solutions
WinGD
MTU
Segment by Type
Two Stroke Engine
Four Stroke Engine
Segment by Application
Chemical Tanker
Oil Tanker
Other
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE
The Marine Methanol Engine report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Country Level Sales Analysis
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6: Manufacturers’ Outline
Chapter 7: Industry Chain, Market Channel and Customer Analysis
Chapter 8: Market Opportunities and Challenges
Chapter 9: Market Conclusions
Chapter 10: Research Methodology and Data Source
Index1 Marine Methanol Engine Market Overview
1.1 Product Overview and Scope of Marine Methanol Engine
1.2 Marine Methanol Engine Segment by Type
1.2.1 Global Marine Methanol Engine Market Value Comparison by Type (2023-2029)
1.2.2 Two Stroke Engine
1.2.3 Four Stroke Engine
1.3 Marine Methanol Engine Segment by Application
1.3.1 Global Marine Methanol Engine Market Value by Application: (2023-2029)
1.3.2 Chemical Tanker
1.3.3 Oil Tanker
1.3.4 Other
1.4 Global Marine Methanol Engine Market Size Estimates and Forecasts
1.4.1 Global Marine Methanol Engine Revenue 2018-2029
1.4.2 Global Marine Methanol Engine Sales 2018-2029
1.4.3 Global Marine Methanol Engine Market Average Price (2018-2029)
1.5 Assumptions and Limitations
2 Marine Methanol Engine Market Competition by Manufacturers
2.1 Global Marine Methanol Engine Sales Market Share by Manufacturers (2018-2023)
2.2 Global Marine Methanol Engine Revenue Market Share by Manufacturers (2018-2023)
2.3 Global Marine Methanol Engine Average Price by Manufacturers (2018-2023)
2.4 Global Marine Methanol Engine Industry Ranking 2021 VS 2022 VS 2023
2.5 Global Key Manufacturers of Marine Methanol Engine, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Marine Methanol Engine, Product Type & Application
2.7 Marine Methanol Engine Market Competitive Situation and Trends
2.7.1 Marine Methanol Engine Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Marine Methanol Engine Players Market Share by Revenue
2.7.3 Global Marine Methanol Engine Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Marine Methanol Engine Retrospective Market Scenario by Region
3.1 Global Marine Methanol Engine Market Size by Region: 2018 Versus 2022 Versus 2029
3.2 Global Marine Methanol Engine Global Marine Methanol Engine Sales by Region: 2018-2029
3.2.1 Global Marine Methanol Engine Sales by Region: 2018-2023
3.2.2 Global Marine Methanol Engine Sales by Region: 2024-2029
3.3 Global Marine Methanol Engine Global Marine Methanol Engine Revenue by Region: 2018-2029
3.3.1 Global Marine Methanol Engine Revenue by Region: 2018-2023
3.3.2 Global Marine Methanol Engine Revenue by Region: 2024-2029
3.4 North America Marine Methanol Engine Market Facts & Figures by Country
3.4.1 North America Marine Methanol Engine Market Size by Country: 2018 VS 2022 VS 2029
3.4.2 North America Marine Methanol Engine Sales by Country (2018-2029)
3.4.3 North America Marine Methanol Engine Revenue by Country (2018-2029)
3.4.4 United States
3.4.5 Canada
3.5 Europe Marine Methanol Engine Market Facts & Figures by Country
3.5.1 Europe Marine Methanol Engine Market Size by Country: 2018 VS 2022 VS 2029
3.5.2 Europe Marine Methanol Engine Sales by Country (2018-2029)
3.5.3 Europe Marine Methanol Engine Revenue by Country (2018-2029)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Marine Methanol Engine Market Facts & Figures by Country
3.6.1 Asia Pacific Marine Methanol Engine Market Size by Country: 2018 VS 2022 VS 2029
3.6.2 Asia Pacific Marine Methanol Engine Sales by Country (2018-2029)
3.6.3 Asia Pacific Marine Methanol Engine Revenue by Country (2018-2029)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 China Taiwan
3.6.10 Southeast Asia
3.7 Latin America Marine Methanol Engine Market Facts & Figures by Country
3.7.1 Latin America Marine Methanol Engine Market Size by Country: 2018 VS 2022 VS 2029
3.7.2 Latin America Marine Methanol Engine Sales by Country (2018-2029)
3.7.3 Latin America Marine Methanol Engine Revenue by Country (2018-2029)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.7.7 Colombia
3.8 Middle East and Africa Marine Methanol Engine Market Facts & Figures by Country
3.8.1 Middle East and Africa Marine Methanol Engine Market Size by Country: 2018 VS 2022 VS 2029
3.8.2 Middle East and Africa Marine Methanol Engine Sales by Country (2018-2029)
3.8.3 Middle East and Africa Marine Methanol Engine Revenue by Country (2018-2029)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 UAE
4 Segment by Type
4.1 Global Marine Methanol Engine Sales by Type (2018-2029)
4.1.1 Global Marine Methanol Engine Sales by Type (2018-2023)
4.1.2 Global Marine Methanol Engine Sales by Type (2024-2029)
4.1.3 Global Marine Methanol Engine Sales Market Share by Type (2018-2029)
4.2 Global Marine Methanol Engine Revenue by Type (2018-2029)
4.2.1 Global Marine Methanol Engine Revenue by Type (2018-2023)
4.2.2 Global Marine Methanol Engine Revenue by Type (2024-2029)
4.2.3 Global Marine Methanol Engine Revenue Market Share by Type (2018-2029)
4.3 Global Marine Methanol Engine Price by Type (2018-2029)
5 Segment by Application
5.1 Global Marine Methanol Engine Sales by Application (2018-2029)
5.1.1 Global Marine Methanol Engine Sales by Application (2018-2023)
5.1.2 Global Marine Methanol Engine Sales by Application (2024-2029)
5.1.3 Global Marine Methanol Engine Sales Market Share by Application (2018-2029)
5.2 Global Marine Methanol Engine Revenue by Application (2018-2029)
5.2.1 Global Marine Methanol Engine Revenue by Application (2018-2023)
5.2.2 Global Marine Methanol Engine Revenue by Application (2024-2029)
5.2.3 Global Marine Methanol Engine Revenue Market Share by Application (2018-2029)
5.3 Global Marine Methanol Engine Price by Application (2018-2029)
6 Key Companies Profiled
6.1 Wärtsilä
6.1.1 Wärtsilä Corporation Information
6.1.2 Wärtsilä Description and Business Overview
6.1.3 Wärtsilä Marine Methanol Engine Sales, Revenue and Gross Margin (2018-2023)
6.1.4 Wärtsilä Marine Methanol Engine Product Portfolio
6.1.5 Wärtsilä Recent Developments/Updates
6.2 MAN Energy Solutions
6.2.1 MAN Energy Solutions Corporation Information
6.2.2 MAN Energy Solutions Description and Business Overview
6.2.3 MAN Energy Solutions Marine Methanol Engine Sales, Revenue and Gross Margin (2018-2023)
6.2.4 MAN Energy Solutions Marine Methanol Engine Product Portfolio
6.2.5 MAN Energy Solutions Recent Developments/Updates
6.3 WinGD
6.3.1 WinGD Corporation Information
6.3.2 WinGD Description and Business Overview
6.3.3 WinGD Marine Methanol Engine Sales, Revenue and Gross Margin (2018-2023)
6.3.4 WinGD Marine Methanol Engine Product Portfolio
6.3.5 WinGD Recent Developments/Updates
6.4 MTU
6.4.1 MTU Corporation Information
6.4.2 MTU Description and Business Overview
6.4.3 MTU Marine Methanol Engine Sales, Revenue and Gross Margin (2018-2023)
6.4.4 MTU Marine Methanol Engine Product Portfolio
6.4.5 MTU Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Marine Methanol Engine Industry Chain Analysis
7.2 Marine Methanol Engine Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Marine Methanol Engine Production Mode & Process
7.4 Marine Methanol Engine Sales and Marketing
7.4.1 Marine Methanol Engine Sales Channels
7.4.2 Marine Methanol Engine Distributors
7.5 Marine Methanol Engine Customers
8 Marine Methanol Engine Market Dynamics
8.1 Marine Methanol Engine Industry Trends
8.2 Marine Methanol Engine Market Drivers
8.3 Marine Methanol Engine Market Challenges
8.4 Marine Methanol Engine Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Published By : QY Research
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