Global Ammonia Fuelled Vessel Market Growth (Status and Outlook) 2024-2028

The global Ammonia Fuelled Vessel market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of 54.7% from 2025 to 2031.

Ammonia, as a 100% renewable liquid fuel that powers ships, trucks and generators, has great potential to move from fossil fuels to net zero. Countries around the world have begun to develop ammonia-fueled vessel, such as China, Japan and Korea. The Ammonia Fuelled Vessel market covers Ammonia Ready Vessel, Ammonia Vessel, etc.

Representative companies of ammonia fuelled vessels are Imabari Shipbuilding, Mitsubishi Shipbuilding, Samsung Heavy, Hyundai Mipo Dockyard, CSSC, etc. The top five companies account for about 91% of the global share. Asia Pacific is the largest market with over 96% market share. Ammonia fuel vessels are mainly divided into transportation and bunkering, mainly transportation, accounting for more than 96% of the market share.

LP Information, Inc. (LPI) ' newest research report, the “Ammonia Fuelled Vessel Industry Forecast” looks at past sales and reviews total world Ammonia Fuelled Vessel sales in 2024, providing a comprehensive analysis by region and market sector of projected Ammonia Fuelled Vessel sales for 2025 through 2031. With Ammonia Fuelled Vessel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ammonia Fuelled Vessel industry.

This Insight Report provides a comprehensive analysis of the global Ammonia Fuelled Vessel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ammonia Fuelled Vessel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Ammonia Fuelled Vessel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ammonia Fuelled Vessel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ammonia Fuelled Vessel.

This report presents a comprehensive overview, market shares, and growth opportunities of Ammonia Fuelled Vessel market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Transportation Vessel
Bunkering Vessel

Segmentation by Application:
Transportation
Bunkering

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Imabari Shipbuilding
Mitsubishi Shipbuilding
Samsung Heavy
Hyundai Mipo Dockyard
Hanwha Ocean
LMG Marin (Sembcorp Marine)
CSSC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ammonia Fuelled Vessel market?

What factors are driving Ammonia Fuelled Vessel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ammonia Fuelled Vessel market opportunities vary by end market size?

How does Ammonia Fuelled Vessel break out by Type, by Application? Show more