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Ammonia Fuelled Vessel Market Report: Trends, Forecast and Competitive Analysis to 2030

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    Report

  • 150 Pages
  • January 2024
  • Region: Global
  • Lucintel
  • ID: 5929625

Ammonia Fuelled Vessel Trends and Forecast

The future of the global ammonia fuelled vessel market looks promising with opportunities in the commercial and military markets. The global ammonia fuelled vessel market is expected to grow with a CAGR of 17.6% from 2024 to 2030. The major drivers for this market are need for accurate data and rising demand in the field of power infrastructure.

Ammonia Fuelled Vessel by Segment

The study includes a forecast for the global ammonia fuelled vessel by type, application, and region.

Ammonia Fuelled Vessel Market by Type [Shipment Analysis by Value from 2018 to 2030]

  • Ammonia Ready Vessel
  • Ammonia Vessel

Ammonia Fuelled Vessel Market by Application [Shipment Analysis by Value from 2018 to 2030]

  • Commercial
  • Military
  • Others

Ammonia Fuelled Vessel Market by Region [Shipment Analysis by Value from 2018 to 2030]

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Ammonia Fuelled Vessel Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ammonia fuelled vessel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ammonia fuelled vessel companies profiled in this report include-
  • Imabari Shipbuilding
  • Mitsui Osk
  • Mitsubishi Shipbuilding
  • China State Shipbuilding Corporation
  • New Times Shipbuilding
  • Jiangnan Shipyard
  • Nippon Yusen

Ammonia Fuelled Vessel Market Insights

The publisher forecasts that ammonia ready vessel will remain the larger segment over the forecast period due to more cost-effective way to transition to ammonia as a fuel.

Within this market, commercial will remain the larger segment due to increased energy efficiency.

APAC will remain the largest region over the forecast period due to increased the demand for ammonia as a fuel.

Features of the Global Ammonia Fuelled Vessel Market

  • Market Size Estimates: Ammonia fuelled vessel market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
  • Segmentation Analysis: Ammonia fuelled vessel market size by type, application, and region in terms of value ($B).
  • Regional Analysis: Ammonia fuelled vessel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the ammonia fuelled vessel market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ammonia fuelled vessel market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for ammonia fuelled vessel market?
Answer: The global ammonia fuelled vessel market is expected to grow with a CAGR of 17.6% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the ammonia fuelled vessel market?
Answer: The major drivers for this market are need for accurate data and rising environmental concerns.

Q3. What are the major segments for ammonia fuelled vessel market?
Answer: The future of the ammonia fuelled vessel market looks promising with opportunities in the commercial and military markets.

Q4. Who are the key ammonia fuelled vessel market companies?
Answer: Some of the key ammonia fuelled vessel companies are as follows:
  • Imabari Shipbuilding
  • Mitsui Osk
  • Mitsubishi Shipbuilding
  • China State Shipbuilding Corporation
  • New Times Shipbuilding
  • Jiangnan Shipyard
  • Nippon Yusen
Q5. Which ammonia fuelled vessel market segment will be the largest in future?
Answer: The publisher forecasts that ammonia ready vessel will remain the larger segment over the forecast period due to more cost-effective way to transition to ammonia as a fuel.

Q6. In ammonia fuelled vessel market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increased the demand for ammonia as a fuel.

Q7. Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the ammonia fuelled vessel market by type (ammonia ready vessel and ammonia vessel), application (commercial, military, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?


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Table of Contents

1. Executive Summary
2. Global Ammonia Fuelled Vessel Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Ammonia Fuelled Vessel Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Ammonia Fuelled Vessel Market by Type
3.3.1: Ammonia Ready Vessel
3.3.2: Ammonia Vessel
3.4: Global Ammonia Fuelled Vessel Market by Application
3.4.1: Commercial
3.4.2: Military
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Ammonia Fuelled Vessel Market by Region
4.2: North American Ammonia Fuelled Vessel Market
4.2.1: North American Ammonia Fuelled Vessel Market by Application: Commercial, Military, and Others
4.3: European Ammonia Fuelled Vessel Market
4.3.1: European Ammonia Fuelled Vessel Market by Type: Ammonia Ready Vessel and Ammonia Vessel
4.3.2: European Ammonia Fuelled Vessel Market by Application: Commercial, Military, and Others
4.4: APAC Ammonia Fuelled Vessel Market
4.4.1: APAC Ammonia Fuelled Vessel Market by Type: Ammonia Ready Vessel and Ammonia Vessel
4.4.2: APAC Ammonia Fuelled Vessel Market by Application: Commercial, Military, and Others
4.5: ROW Ammonia Fuelled Vessel Market
4.5.1: ROW Ammonia Fuelled Vessel Market by Type: Ammonia Ready Vessel and Ammonia Vessel
4.5.2: ROW Ammonia Fuelled Vessel Market by Application: Commercial, Military, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Ammonia Fuelled Vessel Market by Type
6.1.2: Growth Opportunities for the Global Ammonia Fuelled Vessel Market by Application
6.1.3: Growth Opportunities for the Global Ammonia Fuelled Vessel Market by Region
6.2: Emerging Trends in the Global Ammonia Fuelled Vessel Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Ammonia Fuelled Vessel Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Ammonia Fuelled Vessel Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Imabari Shipbuilding
7.2: Mitsui OSK
7.3: Mitsubishi Shipbuilding
7.4: China State Shipbuilding Corporation
7.5: NEW TIMES SHIPBUILDING
7.6: Jiangnan Shipyard
7.7: Nippon Yusen

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Imabari Shipbuilding
  • Mitsui Osk
  • Mitsubishi Shipbuilding
  • China State Shipbuilding Corporation
  • New Times Shipbuilding
  • Jiangnan Shipyard
  • Nippon Yusen

Methodology

The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in the market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.

Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.

Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

 

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