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LNG Marine Gensets Market Share

Report ID: GMI7605
Published Date: Dec 2023
Report Format: PDF

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LNG Marine Gensets Market Share

The major companies are focusing on marketing strategies, technological advancements, brand recognition and economies of scale to meet the competition prevailing in the industry.

MAN Energy Solutions is a part of the larger MAN Group, and they have a significant presence in the maritime industry. Their marine gensets, which are essentially generator sets used for onboard power generation in ships, are designed to meet the specific requirements of the marine sector. These gensets are crucial for providing auxiliary power to support various onboard systems and functions, ensuring the smooth operation of vessels.

LNG Marine Gensets Market Companies

The key LNG marine gensets industry players include.

Cummins, Inc.
MAN Energy Solutions
Kirloskar
Rolls-Royce plc
Wärtsilä
ABB
Volvo Penta
Caterpillar
Scania
Mitsubishi Heavy Industries
YANMAR
Nidec Industrial Solutions
Northern Lights, LLC
Fischer Panda
Kohler Co.
CHINA SHIPBUILDING TRADING CO., LTD.
Chevron
Kawasaki Heavy Industries

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation of the LNG marine gensets was worth USD 461.6 million in 2023 and is estimated to surpass USD 1 billion by 2032, due to the robust expansion of seaborne trade coupled with increasing popularity of maritime tourism.

The 1,000 kW - 5,000 kW power rating segment held over 30% of the LNG marine gensets market share in 2023, due to the growing marine tourism and the higher adoption of recreational vessels.

Latin America LNG marine gensets market size crossed USD 47.1 million in 2023 owing to the rising concerns for the environment in the region and the increasing maritime tourism.

Some of the leading LNG marine gensets market players are Cummins, Inc., MAN Energy Solutions, Kirloskar, Rolls-Royce plc, Wärtsilä, and ABB