Global Marine Methanol Engine Market Report, History and Forecast 2018-2034, Breakdown Data by Manufacturers, Key Regions, Types and Application
Published on: 2024-01-04 | No of Pages : 400 | Industry : Latest Trends
Publisher : MRA | Format : PDF
Global Marine Methanol Engine Market Report, History and Forecast 2018-2034, Breakdown Data by Manufacturers, Key Regions, Types and Application
Marine Methanol Engine report published by MRA Research reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2023. Global Marine Methanol Engine market is projected to reach US$ million in 2033, increasing from US$ million in 2023, with the CAGR of % during the period of 2023 to 2033. Demand from Chemical Tanker and Oil Tanker are the major drivers for the industry.
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 (2018-2023) and forecast calculation (2023-2033), 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.
Manufacturers, Type, Application and Regions Listed in the Report
Wärtsilä
MAN Energy Solutions
WinGD
MTU
Segment by Type
Two Stroke Engine
Four Stroke Engine
Chemical Tanker
Oil Tanker
Other
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
Each chapter of the report provides detailed information for readers to understand the Marine Methanol Engine market further
Chapter 1Product Definition, Product Types, Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 2Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Marine Methanol Engine, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Marine Methanol Engine industry.
Chapter 3Historical (2018-2023) and forecast (2023-2033) volume and revenue analysis of Marine Methanol Engine in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4Product Application, Volume and Revenue analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 5 to 9Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Marine Methanol Engine introduction, etc. Marine Methanol Engine Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11Industry Chain, like raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12Market Channel, Distributors and Customers are listed.
Chapter 13MRA Research’s Conclusions of Marine Methanol Engine market based on comprehensive survey.
Chapter 14Methodology and Data Sources adopted by MRA 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 (2018-2023) and forecast calculation (2023-2033), 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.
Manufacturers, Type, Application and Regions Listed in the Report
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
Segment 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
Each chapter of the report provides detailed information for readers to understand the Marine Methanol Engine market further
Chapter 1Product Definition, Product Types, Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 2Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Marine Methanol Engine, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Marine Methanol Engine industry.
Chapter 3Historical (2018-2023) and forecast (2023-2033) volume and revenue analysis of Marine Methanol Engine in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4Product Application, Volume and Revenue analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 5 to 9Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Marine Methanol Engine introduction, etc. Marine Methanol Engine Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11Industry Chain, like raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12Market Channel, Distributors and Customers are listed.
Chapter 13MRA Research’s Conclusions of Marine Methanol Engine market based on comprehensive survey.
Chapter 14Methodology and Data Sources adopted by MRA Research.