Global Marine LNG Fuel Tank Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Marine LNG Fuel Tank market size was valued at US$ 243 million in 2024 and is forecast to a readjusted size of USD 468 million by 2031 with a CAGR of 9.1% during review period.
Marine LNG Fuel Tank is a device specially designed to store liquefied natural gas (LNG) and provide fuel for ships. With the improvement of global environmental protection requirements, LNG, as a clean energy, has gradually become a new fuel for ships, especially in reducing harmful gas emissions. Liquefied natural gas can reduce sulfur oxides (SOx), nitrogen oxides (NOx) and particulate matter emitted by ships, and meet the strict emission standards of the International Maritime Organization (IMO).
Liquefied storage: LNG is a gas at normal temperature and pressure, but it can be stored and transported in liquid form through low-temperature liquefaction (about -162°C). Marine LNG fuel tanks need to be able to withstand extremely low temperatures and have good insulation properties to keep LNG in a liquid state.
At present, the market for marine LNG fuel tanks is in a state of steady growth. The growth of the global LNG fuel market is driven by multiple factors, especially the attention paid by governments and international organizations to environmental protection. IMO's 2020 sulfur emission standards have had a profound impact on the global shipping industry. Many ship operators and shipyards have begun to turn to LNG fuel to reduce emissions, especially those tankers, container ships, ferries, etc. that sail in global waters for a long time.
At the same time, the technology and manufacturing process of LNG fuel tanks continue to develop, supporting the growth of this market. With the improvement of environmental protection requirements for the shipping industry, the design and production of LNG fuel tanks have gradually become more efficient, safe and reliable, and more and more ships are beginning to carry LNG fuel systems.
In terms of market application, especially in Europe and Asia, the demand for LNG fuel tanks has grown rapidly. Europe is one of the earliest markets in the world to promote LNG as a ship fuel. Many ports have built LNG filling stations, which further promotes the use of LNG fuel tanks. At the same time, Asian countries such as China, Japan and South Korea are also vigorously promoting the construction and application of LNG-powered ships. Multiple LNG fuel ship projects are gradually being put into use. The market demand in these regions also provides support for the growth of the LNG fuel tank industry.
This report is a detailed and comprehensive analysis for global Marine LNG Fuel Tank market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Marine LNG Fuel Tank market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031
Global Marine LNG Fuel Tank market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031
Global Marine LNG Fuel Tank market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031
Global Marine LNG Fuel Tank market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Marine LNG Fuel Tank
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Marine LNG Fuel Tank market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Linde, LGM Engineering, Wartsila, IHI, CIMC, Chart Industries, FURUISE, MAN Energy Solutions, Mitsubishi Shipbuilding, Corban Energy Group, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Marine LNG Fuel Tank market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Type A Tanks (Prismatic Tanks of the Atmospheric Type)
Type B Tanks (Prismatic or Spherical Tanks)
Type C Tanks (Insulated Cylindrical)
Market segment by Application
Cargo Ship
Cruise Ship
Others
Major players covered
Linde
LGM Engineering
Wartsila
IHI
CIMC
Chart Industries
FURUISE
MAN Energy Solutions
Mitsubishi Shipbuilding
Corban Energy Group
TGE Marine Gas Engineering
CSSC
Kongsberg Maritime
Torgy LNG
Høglund Marine Solutions
DongHwa Entec
Inoxcva
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Marine LNG Fuel Tank product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Marine LNG Fuel Tank, with price, sales quantity, revenue, and global market share of Marine LNG Fuel Tank from 2020 to 2025.
Chapter 3, the Marine LNG Fuel Tank competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Marine LNG Fuel Tank breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Marine LNG Fuel Tank market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Marine LNG Fuel Tank.
Chapter 14 and 15, to describe Marine LNG Fuel Tank sales channel, distributors, customers, research findings and conclusion.
Marine LNG Fuel Tank is a device specially designed to store liquefied natural gas (LNG) and provide fuel for ships. With the improvement of global environmental protection requirements, LNG, as a clean energy, has gradually become a new fuel for ships, especially in reducing harmful gas emissions. Liquefied natural gas can reduce sulfur oxides (SOx), nitrogen oxides (NOx) and particulate matter emitted by ships, and meet the strict emission standards of the International Maritime Organization (IMO).
Liquefied storage: LNG is a gas at normal temperature and pressure, but it can be stored and transported in liquid form through low-temperature liquefaction (about -162°C). Marine LNG fuel tanks need to be able to withstand extremely low temperatures and have good insulation properties to keep LNG in a liquid state.
At present, the market for marine LNG fuel tanks is in a state of steady growth. The growth of the global LNG fuel market is driven by multiple factors, especially the attention paid by governments and international organizations to environmental protection. IMO's 2020 sulfur emission standards have had a profound impact on the global shipping industry. Many ship operators and shipyards have begun to turn to LNG fuel to reduce emissions, especially those tankers, container ships, ferries, etc. that sail in global waters for a long time.
At the same time, the technology and manufacturing process of LNG fuel tanks continue to develop, supporting the growth of this market. With the improvement of environmental protection requirements for the shipping industry, the design and production of LNG fuel tanks have gradually become more efficient, safe and reliable, and more and more ships are beginning to carry LNG fuel systems.
In terms of market application, especially in Europe and Asia, the demand for LNG fuel tanks has grown rapidly. Europe is one of the earliest markets in the world to promote LNG as a ship fuel. Many ports have built LNG filling stations, which further promotes the use of LNG fuel tanks. At the same time, Asian countries such as China, Japan and South Korea are also vigorously promoting the construction and application of LNG-powered ships. Multiple LNG fuel ship projects are gradually being put into use. The market demand in these regions also provides support for the growth of the LNG fuel tank industry.
This report is a detailed and comprehensive analysis for global Marine LNG Fuel Tank market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Marine LNG Fuel Tank market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031
Global Marine LNG Fuel Tank market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031
Global Marine LNG Fuel Tank market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031
Global Marine LNG Fuel Tank market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Marine LNG Fuel Tank
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Marine LNG Fuel Tank market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Linde, LGM Engineering, Wartsila, IHI, CIMC, Chart Industries, FURUISE, MAN Energy Solutions, Mitsubishi Shipbuilding, Corban Energy Group, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Marine LNG Fuel Tank market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Type A Tanks (Prismatic Tanks of the Atmospheric Type)
Type B Tanks (Prismatic or Spherical Tanks)
Type C Tanks (Insulated Cylindrical)
Market segment by Application
Cargo Ship
Cruise Ship
Others
Major players covered
Linde
LGM Engineering
Wartsila
IHI
CIMC
Chart Industries
FURUISE
MAN Energy Solutions
Mitsubishi Shipbuilding
Corban Energy Group
TGE Marine Gas Engineering
CSSC
Kongsberg Maritime
Torgy LNG
Høglund Marine Solutions
DongHwa Entec
Inoxcva
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Marine LNG Fuel Tank product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Marine LNG Fuel Tank, with price, sales quantity, revenue, and global market share of Marine LNG Fuel Tank from 2020 to 2025.
Chapter 3, the Marine LNG Fuel Tank competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Marine LNG Fuel Tank breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Marine LNG Fuel Tank market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Marine LNG Fuel Tank.
Chapter 14 and 15, to describe Marine LNG Fuel Tank sales channel, distributors, customers, research findings and conclusion.
Table of Contents
138 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Marine LNG Fuel Tank by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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