Global FGSS Module Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global FGSS Module Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global FGSS Module market size was valued at USD 1583.4 million in 2022 and is forecast to a readjusted size of USD 5346.7 million by 2029 with a CAGR of 19.0% during review period.

The fuel gas supply system (FGSS) is a gas-propelled ship’s fuel supply system. It is a system that makes LNG and BOG within the ship’s tank into a condition of engine fuel supply. The fuel gas supply system consists of an LNG fuel tank, an LNG pumping system, a BOG compressing system, an LNG heating system, a BOG heating (cooling) system, a heating medium circulation system, a bunkering system, and a venting system. The FGSS Module industry can be broken down into several segments, Low Pressure, High Pressure, etc. Across the world, the major players cover LGM Engineering (Gloryholders), Wartsila, DongHwa Entec, MAN Energy Solutions, Høglund Marine Solutions, Mitsubishi Shipbuilding, TGE Marine Gas Engineering, Kongsberg Maritime, CSSC, Headway Technology Group (Qingdao) Co., Ltd., etc.

Global key players of FGSS Module include Høglund Marine Solutions, LGM Engineering (Gloryholders), Wartsila, Mitsubishi Shipbuilding and CSSC, etc. Global top five manufacturers hold a share over 95%. Europe is the largest producer of FGSS Module, with a share nearly 60%, followed by China.

In China market, the key players of FGSS Module include MAN Energy Solutions, Høglund Marine Solutions and TGE Marine Gas Engineering, etc. The top three players hold a share over 75%. In terms of product type, High Pressure is the largest segment, occupied for a share of about 56%, and in terms of application, Cargo Ship has a share about 62 percent.

The Global Info Research report includes an overview of the development of the FGSS Module industry chain, the market status of Cargo Ship (Low Pressure, High Pressure), Cruise Ship (Low Pressure, High Pressure), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of FGSS Module.

Regionally, the report analyzes the FGSS Module markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global FGSS Module market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the FGSS Module market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the FGSS Module industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Units), revenue generated, and market share of different by Type (e.g., Low Pressure, High Pressure).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the FGSS Module market.

Regional Analysis: The report involves examining the FGSS Module market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the FGSS Module market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to FGSS Module:

Company Analysis: Report covers individual FGSS Module manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards FGSS Module This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Cargo Ship, Cruise Ship).

Technology Analysis: Report covers specific technologies relevant to FGSS Module. It assesses the current state, advancements, and potential future developments in FGSS Module areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the FGSS Module market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

FGSS Module market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Low Pressure
High Pressure

Market segment by Application
Cargo Ship
Cruise Ship
Others

Major players covered
LGM Engineering (Gloryholders)
Wartsila
DongHwa Entec
MAN Energy Solutions
Høglund Marine Solutions
Mitsubishi Shipbuilding
TGE Marine Gas Engineering
Kongsberg Maritime
CSSC
Headway Technology Group (Qingdao) Co., Ltd.
Torgy LNG
Trans Gas Solution

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 FGSS Module product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of FGSS Module, with price, sales, revenue and global market share of FGSS Module from 2018 to 2023.

Chapter 3, the FGSS Module competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the FGSS Module breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

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 2017 to 2022.and FGSS Module market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

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 FGSS Module.

Chapter 14 and 15, to describe FGSS Module sales channel, distributors, customers, research findings and conclusion.