The Market Reports

Synopsis

The global market for FGSS Module was estimated to be worth US$ 1345 million in 2024 and is forecast to a readjusted size of US$ 4756 million by 2031 with a CAGR of 19.8% during the forecast period 2025-2031.

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on FGSS Module cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

The fuel gas supply system (FGSS) Module 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.

Driven by the IMO 2030/2050 emissions reduction regulations, the global fuel gas supply system (FGSS) module market is experiencing structural growth. Key manufacturers of fuel gas supply systems (FGSS) include Høglund Marine Solutions, LGM Engineering (Gloryholders), Wartsila, Mitsubishi Shipbuilding, and CSSC. China Shipbuilding Group primarily includes Qingdao Shuangrui, 708 Research Institute, Guangzhou Shipyard International, and 711 Research Institute. The top five manufacturers hold over 95% of the global market share. Market share fluctuates significantly from year to year, primarily driven by backlog orders. Asian shipyards dominate demand, with China, Japan, and South Korea accounting for 90% of global orders for new dual-fuel vessels.

With the surge in global demand for new energy vehicles, PCTC vessel construction has seen explosive growth. Due to relatively stable shipping routes, newly implemented PCTC vessels worldwide in recent years have all used LNG and other alternative fuels as their primary fuel, primarily in the downstream market. Selecting FGSS manufacturers with robust product technology, reliable quality, and guaranteed service has become a strong priority for downstream manufacturers.

This report aims to provide a comprehensive presentation of the global market for FGSS Module, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of FGSS Module by region & country, by Type, and by Application.

The FGSS Module market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding FGSS Module.

Market Segmentation
By Company

• LGM Engineering (Gloryholders)
• Wartsila
• DongHwa Entec
• MAN Energy Solutions
• Høglund Marine Solutions
• MHI
• TGE Marine Gas Engineering
• Kongsberg Maritime
• CSSC
• Headway Technology Group (Qingdao) Co., Ltd.
• Alfa Laval
• Auramarine
• C-LNG Solutions Pte. Ltd

Segment by Type

• Low Pressure
• High Pressure

Segment by Application

• Cargo Ship
• Cruise Ship
• Others

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.