Air emission regulations and legislations, globally, have lasting effects on various markets of the world. The markets that predominantly use fossil fuels were the worst affected with these regulations, and these markets have started to adopt alternative fuel sources that show lesser environment impact. In such a context (with LNG being a relatively cleaner fuel), the market studied was valued USD 250.47 million in 2018, and it is projected to reach USD 760.31 million by 2024, at a CAGR of 15.91% over 2019-2024 (henceforth referred as ‘the forecast period’). The market studied has evolved over the past decade, driven by the growth in the global LNG usage, clean energy demand, and its ability to reduce greenhouse gases emissions. The order and delivery of LNG-powered vessels are growing and the reduced natural gas prices in 2014 have marked the beginning of expanding opportunities for such vessels. A gradual shift to LNG for propulsion is more advantageous, as compared to the traditional methods of fuelling ships with heavy fuel oil, marine gas oil, marine diesel oil, and others. LNG-based propulsion reduces carbon footprint significantly and increases the ship’s operational efficiency.

1. Executive Summary

2. Research Approach and Methodology

3. Market Overview

4. Market Dynamics

5. Supply Chain Analysis

6. Industry Attractiveness: Porter's Five Forces Framework

7. Market Segmentation and Analysis

8. Regional Market Analysis 

9. Key Company Profiles 

10. Competitive Landscape

11. Disclaimer