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Increasing demand for economically viable engines along with growing maritime tourism will positively influence the LNG Marine Engine market share
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LNG Marine Engine Market share research by applications and regions for 2019 – 2025: Global Market Insights Inc. The research report “Global 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” 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. The growing adoption of products in merchant vessels and container vessels is further anticipated to strengthen the product demand. Purchase This Report by calling Global Market Insights, Inc. at 1-888-689-0688 (Toll Free) or 1-302-846-7766. Major points presented and analyzed in the study include multiple segmentation coverage (one or more/all) as listed below: •Global LNG Marine Engine Industry Landscape •Growth drivers •Pitfalls & challenges •Regional regulatory scenario •Regional pricing trends •Cost structure analysis •Industry ecosystem •Competitive landscape •Company profiles 1 | P a g e
•Supplier information •Global LNG Marine Engine, By Product (Estimates & Forecast to 2019 / 2025) •Global LNG Marine Engine, By Application (Estimates & Forecast to 2019 / 2025) •Global LNG Marine Engine, By End-use (Estimates & Forecast to 2019 / 2025) •Global LNG Marine Engine, By Product (Estimates & Forecast to 2024 / 2025) 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. Players in the LNG Marine Engine market including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research. About Global Market Insights Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. 2 | P a g e
Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free 1-888-689-0688 Email: sales@gminsights.com Website: https://www.gminsights.com 3 | P a g e