Marine Gas Engine Market Report 2025 (Global Edition)

Global Marine Gas Engine Market Report 2025 Market Size Split by Type (CNG Gas Engine, LNG Gas Engine, LPG Gas Engine, Dual Fuel Engine), by Power Output (Small, Medium, Large), by Vessel Type (Cargo ...

Marine Gas Engine Market Report Description

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Competitive Landscape of the Marine Gas Engine Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Marine Gas Engine Industry News

In December 2023, in the world of industrial power, its brand will be a globally trusted household name. Next to Caterpillar, it counts as one of the two most iconic engine brands in our industry – Perkins. The Industrial Power Systems Division (IPSD) carries the responsibility for both. Each brand has a clear role to play, and both are important to the business. 

In January 2019, Promega Corp. launched XpressAmp Direct Amplification Reagents, designed for extraction-free preparation of viral samples for PCR-based amplification. The product includes components that facilitate the utilization of commonly available PCR reagents with samples collected via nasopharyngeal swabs in either a universal or viral transport medium.

(Source: https://www.cummins.com/news/releases/2019/01/25/siemens-mobilitys-locomotive-success-good-news-cummins-qsk95-engine-system

Top Companies Market Share in Marine Gas Engine Industry: (In no particular order of Rank)

• Caterpillar (US)
• Wärtsilä (Finland)
• Volkswagen Group (MAN Energy Solutions) (Germany)
• Rolls-Royce Holdings (UK)
• Volvo Penta (Sweden)
• Mitsubishi Heavy Industries
• Ltd. (Japan)
• Cummins (US)
• Hyundai Heavy Industries Co.
• Ltd. (South Korea)
• Daihatsu Diesel Mfg. Co.
• Ltd. (Japan)
• Deutz AG (Germany)
• WinGD (Switzerland)
• Siemens Energy (Germany)
• Fairbanks Morse (US)
• Wabtec (GE Transportation) (US)
• Yanmar (Japan)
• Isotta Fraschini Motori (Italy)
• CNPC Jichai Power Company Limited (China)
• Bergen Engines (Norway)
• Doosan Infracore South Kore)
• Mahindra Powerol (India)
• IHI Power Systems (Japan)
• others
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Marine Gas Engine Market

Which Region will dominate the Marine Gas Engine Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. This significant market share can be attributed to a confluence of factors, including the region's robust maritime industry, stringent environmental regulations driving the adoption of cleaner propulsion technologies, and a proactive approach toward embracing sustainable shipping practices. The presence of well-established infrastructure and bunkering facilities for alternative fuels, such as liquefied natural gas (LNG), further bolstered North America's prominence in the marine gas engine sector.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is witnessing an increase in the CNG gas engine segment. Marked by a discernible increase in demand, this growth can be attributed to several key factors shaping the maritime landscape in the region. Rapid industrialization, burgeoning trade activities, and the expansion of shipping routes have intensified the need for reliable and efficient auxiliary engines. These engines play a crucial role in providing auxiliary power for various shipboard functions, ensuring the smooth operation of essential systems such as electricity generation, navigation, and other onboard services. Moreover, the Asia Pacific's flourishing shipping and maritime trade activities, driven by the economic growth of countries in the region, have fueled the demand for vessels equipped with advanced auxiliary engines.

The current report Scope analyzes Marine Gas Engine Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Marine Gas Engine Market

According to Cognitive Market Research, the global Marine Gas Engine Market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024. It will grow at a compound annual growth rate (CAGR) of 1.4% from 2024 to 2031. In North America, CNG gas engine dominate the market. Technological advancements in propulsion engine design, control systems, and materials have contributed to improved performance, reliability, and overall efficiency. The focus on reducing the carbon footprint of the maritime industry has further intensified the demand for propulsion engines that align with environmental sustainability goals. As regulations tighten globally to curb emissions from shipping, propulsion engines that offer cleaner combustion and meet stringent environmental standards have become paramount for ship operators.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Marine Gas Engines market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 1.2% during the forecast period. This substantial market presence reflects the country's robust maritime industry and its strategic focus on adopting cleaner propulsion technologies in response to stringent environmental regulations. 
• The Canada Marine Gas Engines market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period. The projected growth aligns with global trends emphasizing cleaner and more sustainable propulsion solutions in the maritime sector.
• The Mexico Marine Gas Engines market is projected to grow at a CAGR of 1.9% during the forecast period, reaching a market size of USD XX million in 2024.

 

Europe Marine Gas Engine Market

According to Cognitive Market Research, with a market value of USD XX million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD XX Million. Europe is a force in the auxiliary engine, signaling a significant shift in the maritime industry's preferences and priorities. This rapid growth can be attributed to several key factors that highlight the critical role of CNG gas Engine in enhancing the operational efficiency and overall performance of vessels. CNG gas engine, responsible for powering essential onboard functions such as electricity generation, navigation, and auxiliary systems, have gained prominence as the industry places increasing emphasis on operational reliability and sustainability.

• The United Kingdom Marine Gas Engines market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. This data indicates a positive market outlook for marine gas engines in the United Kingdom, reflecting the country's commitment to sustainable and technologically advanced solutions in the maritime sector. 
• The France Marine Gas Engines market is projected to grow at a CAGR of 0.9% during the forecast period, reaching a market size of USD XX million in 2024.
• According to Cognitive Market Research, the German marine Gas Engines market was valued at USD XX million in 2024 and is projected to grow at a CAGR of 1.9% during the forecast period. This data underscores Germany's position as a significant player in the marine gas engines market, with a commitment to adopting and advancing cleaner propulsion technologies. 
• The Italy Marine Gas Engines market is projected to witness growth at a CAGR of 1.1% during the forecast period, with a market size of USD XX million in 2024.
• The Russian marine Gas Engines market is projected to witness growth at a CAGR of 0.7% during the forecast period, with a market size of USD XX million in 2024.
• The Spanish marine Gas Engines market is projected to grow at a CAGR of 0.8% during the forecast period, reaching a market size of USD XX million in 2024.
• The Luxembourg Marine Gas Engines market is projected to grow at a CAGR of 1.8% during the forecast period, reaching a market size of USD XX million in 2024.
• The Portugal Marine Gas Engines market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Marine Gas Engines market is projected to grow at a CAGR of 2.0% during the forecast period, reaching a market size of USD XX million in 2024.
• The rest of Europe Marine Gas Engines market is projected to witness growth at a CAGR of 0.4% during the forecast period, with a market size of USD XX million in 2024.

 

Asia Pacific Marine Gas Engine Market

According to Cognitive Market Research, the global Marine Gas Engine Market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. The Asia Pacific region is experiencing growth in the CNG gas engine. This rapid growth can be attributed to several key factors that highlight the critical role of CNG gas engine in enhancing the operational efficiency and overall performance of vessels. CNG gas engine, responsible for powering essential onboard functions such as electricity generation, navigation, and auxiliary systems, have gained prominence as the industry places increasing emphasis on operational reliability and sustainability.

• According to Cognitive Market Research, the China Marine Gas Engines market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. This data underscores China's significant role and strong growth potential in the marine gas engines market, reflecting the nation's dynamic maritime industry and emphasis on adopting advanced propulsion technologies.
• The Japan Marine Gas Engines market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD XX million in 2024.
• The India Marine Gas Engines market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. The demand is reflecting a combination of factors such as the country's expanding maritime activities, economic growth, and a heightened focus on sustainable shipping practices.
• The South Korea Marine Gas Engines market is projected to grow at a CAGR of 4.3% during the forecast period, reaching a market size of USD XX million in 2024.
• The Australia Marine Gas Engines market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Marine Gas Engines market is projected to grow at a CAGR of 6.2% during the forecast period, reaching a market size of USD XX million in 2024.
• The Rest of the Asia Pacific Marine Gas Engines market is projected to grow at a CAGR of 5.0% during the forecast period, reaching a market size of USD XX million in 2024.

 

South America Marine Gas Engine Market

According to Cognitive Market Research, the global Marine Gas Engines market size was estimated at USD XX Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD XX million in 2024. It will grow at a compound annual growth rate (CAGR) of 2.6% from 2024 to 2031. Cargo Ships in Latin America are experiencing growth due to several key factors driving maritime trade expansion in the region. One prominent factor is the region's increasing integration into global supply chains, fuelled by rising exports of commodities such as minerals, agricultural products, and energy resources. Latin America's strategic geographical location also positions it as a key transit hub for international trade, facilitating maritime routes between major trading partners in North America, Europe, and Asia.

• According to Cognitive Market Research, the Brazil Marine Gas Engines market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. This data underscores Brazil's notable presence in the marine gas engines market, reflecting the country's maritime industry dynamics and its commitment to adopting advanced propulsion technologies.
• The Argentina Marine Gas Engines market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. This data highlights Argentina's presence in the marine gas engines market, showcasing the country's significance in the maritime industry and its commitment to adopting advanced propulsion technologies.
• The Colombia Marine Gas Engines market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD XX million in 2024.
• The Peru Marine Gas Engines market is projected to grow at a CAGR of 2.8% during the forecast period, reaching a market size of USD XX million in 2024.
• The Chile Marine Gas Engines market is projected to grow at a CAGR of 2.9% during the forecast period, reaching a market size of USD XX million in 2024.
• The Rest of the Latin America Marine Gas Engines market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD XX million in 2024.

 

Middle East and Africa Marine Gas Engine Market

According to Cognitive Market Research, the global Marine Gas Engine Market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market of around 2.00% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031. Cargo ships in the Middle East and Africa are experiencing growth due to several key factors driving maritime trade expansion in these regions. One significant factor is the rapid economic development and industrialization occurring across various countries in the Middle East and Africa, leading to increased demand for imported goods and raw materials. Additionally, the discovery and extraction of natural resources such as oil, gas, and minerals in these regions have fueled exports, requiring efficient maritime transportation to international markets.

• According to Cognitive Market Research, the GCC Countries Marine Gas Engines market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. This data underscores the significance of the GCC countries in the marine gas engines market, highlighting the strategic importance of the region in the global maritime industry.
• The Egypt Marine Gas Engines market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa Marine Gas Engines market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD XX million in 2024. Factors such as increased maritime activities, economic developments, and a focus on sustainability contribute to the optimistic outlook for the market.
• The Turkey Marine Gas Engines market is projected to grow at a CAGR of 2.4% during the forecast period, reaching a market size of USD XX million in 2024.
• The Nigeria Marine Gas Engines market is projected to grow at a CAGR of 2.0% during the forecast period, reaching a market size of USD XX million in 2024.
• The Rest of the MEA Marine Gas Engines market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD XX million in 2024.

 

Marine Gas Engine Market Analysis

Marine Gas Engine Market Engine Segment Analysis

According to Cognitive Market Research, CNG Gas Engine held the major market share over the forecast period. This dominance can be attributed to various factors that underscore the critical role of propulsion engines in powering and maneuvering vessels. Propulsion engines are the primary force behind a ship's movement, and their efficiency directly impacts fuel consumption, operational costs, and compliance with stringent environmental regulations. The continued demand for vessels with higher fuel efficiency and lower emissions has propelled the adoption of advanced propulsion engines, especially those leveraging alternative fuels such as liquefied natural gas (LNG) or employing hybrid propulsion systems.

The LNG Gas Engine category has emerged as the fastest-growing segment over the forecast period, signaling a significant shift in the maritime industry's preferences and priorities. This rapid growth can be attributed to several key factors that highlight the critical role of auxiliary engines in enhancing the operational efficiency and overall performance of vessels. Auxiliary engines, responsible for powering essential onboard functions such as electricity generation, navigation, and auxiliary systems, have gained prominence as the industry places increasing emphasis on operational reliability and sustainability.

• CNG Gas Engine
• LNG Gas Engine
• LPG Gas Engine
• Dual Fuel Engine

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Marine Gas Engine Industry. Request a Free Sample PDF!

Marine Gas Engine Market Type Power Segment Analysis

According to Cognitive Market Research, Small holds a prominent market share,  reflecting its vital role in catering to the labeling needs of small and medium-sized businesses across various industries. Despite their compact size, small labeling equipment offers high efficiency, versatility, and cost-effectiveness, making them an attractive option for businesses with limited space and resources. These labeling solutions cater to a wide range of applications, from labeling products in boutique shops and local breweries to meeting the labeling requirements of small-scale manufacturing operations. Additionally, the accessibility of small labeling equipment, coupled with advancements in technology, has made them increasingly popular among startups and entrepreneurs entering the market.

Medium are the fastest-growing category over the forecast period, driven by increasing demand for labeling equipment with enhanced capabilities and capacity to meet the evolving needs of medium-sized businesses across diverse industries. Positioned between small-scale operations and large-scale enterprises, medium-sized businesses require labeling solutions that offer a balance of efficiency, flexibility, and scalability. Medium labeling equipment caters to this demand by providing robust performance, higher throughput, and advanced features while remaining relatively affordable and adaptable to varying production volumes.

• Small
• Medium
• Large

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Marine Gas Engine Vessel Type Segment Analysis

According to Cognitive Market Research, Cargo Ships holds a prominent market share, reflecting their critical role in global trade and transportation. As key vessels in the maritime industry, cargo ships require powerful and reliable marine gas engines to propel them across vast distances efficiently and economically. These engines must deliver high performance, fuel efficiency, and compliance with stringent emissions regulations to meet the demands of commercial shipping operations. Moreover, the increasing demand for goods and commodities traded internationally further underscores the significance of cargo ships, solidifying their dominance and driving the growth of the marine gas engine market.

Passenger Ships are the fastest-growing category over the forecast period, driven by several key factors propelling their accelerated demand and adoption. With the rising popularity of cruise vacations and leisure travel, passenger ships experience increasing demand for modernization and expansion of their fleets. As a result, there is a growing need for advanced marine gas engines that offer enhanced performance, reliability, and environmental sustainability. Additionally, stringent emissions regulations and the shift towards cleaner fuels drive the adoption of gas-powered engines in passenger ships, further fueling the growth of this segment in the marine gas engine market.

• Cargo Ships
• Tankers
• Fishing Vessels
• Passenger Ships
• Tugboats
• Others

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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