Marine Hybrid Propulsion Market 2018 -Current Trends and Development & Potential of Market till 2023

The Global Marine Hybrid Propulsion Market was worth USD 2.68 billion in 2014 and is expected to reach approximately USD 5.73 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.79% during the forecast period. Marine propulsion engines are a machine that consumes fuel to produce thrust, which encourages boats to move crosswise over water. The marine drive motor market is foreseen to witness hearty development amid the conjecture time frame attributable to different continuous government interests in shipbuilding industry and inland waterways. Ships are coordinated with more than one propulsion engines, contingent upon their size (net tonnage). Also, in the beginning period of marine propulsion, steam turbines were made use of; nonetheless, because of enhancement in technology, diesel or elective fuel engine and gas turbine have significant infiltration.

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Competitive Insights

The leading players in the market are Hyundai Heavy Industries, MAN Diesel & Turbo, Niigata Power Systems, Yanmar, Caterpillar Inc, Mitsubishi Heavy Industries Ltd, General Electric Company and Rolls-Royce Holdings plc. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

The Marine Hybrid Propulsion Market is segmented as follows-

By Power Source:

Gas Turbine
Diesel
Natural Gas
Others

By Ship Type:

Tanker
Bulk Carrier
Passenger Ship
Cargo or Container Ship
Offshore Vessel
Others

By Region –

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Power Source Outlook and Trend Analysis

On the basis of power source the market is segmented into gas turbine, diesel, natural gas, and others (steam turbine, renewable energy, hybrid, and fuel cell). Diesel propulsion system is the most widely recognized marine propulsion system useful as a part of a wide range of vessel alongside little and recreational water crafts. Also, diesel marine propulsion system drove the general market, representing 70% out of 2015. This is ascribed to its advantages, for example, low support cost, temperate nature, high dependability, and simple accessibility of diesel all inclusive.

Ship Type Outlook and Trend Analysis

By ship types, the market is segmented into tanker, cargo & container, offshore vessel, bulk carrier, passenger ship, and others (tugs & service ships). Rising sales and production of ships around the globe and ascend in worldwide seaborne exchange drive the market development. Additionally, rising demand for assets, for example, steel, crude oil, coal and iron from creating nations powers the market development. However, stringent natural tenets and controls and vast capital speculation required to set up new assembling offices hamper the market development.

Regional Outlook and Trend Analysis

Asia-Pacific is the most lucrative marine propulsion engine market, attributable to increment in shipbuilding businesses in China and South Korea and development in number of joint endeavors with worldwide brands. In addition, ascend in seaborne exchange of crude oil for the most part from Middle East nations to Asia-Pacific is another factor that drives the Asia-Pacific marine propulsion engine market.

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List of Tables

Table: Global Marine Hybrid Propulsion Market, By Power Source ($Million), 2014-2023

Table: Gas Turbine Market, By Region ($Million), 2014-2023

Table: Diesel Market, By Region ($Million), 2014-2023

Table: Natural Gas Market, By Region ($Million), 2014-2023

Table: Other Power Sources Market, By Region ($Million), 2014-2023

Table: Global Marine Hybrid Propulsion Market, By Ship Type ($Million), 2014-2023
…

List of Figures

Figure: Global Marine Hybrid Propulsion Market Share, By Power Source, 2014 & 2023

Figure: Marine Hybrid Propulsion Market, By Ship Type, 2016, ($Million)

Figure: Marine Hybrid Propulsion Market, By Region, 2016, ($Million)

Figure: Mitsubishi Heavy Industries, Ltd.: Net Revenues, 2014-2016 ($Million)

Figure: Mitsubishi Heavy Industries, Ltd.: Net Revenue Share, By Segment, 2016

Figure: Mitsubishi Heavy Industries: Net Revenue Share, By Geography, 2016
….

Table of Contents
1.Introduction
2.Executive Summary
3.Market Overview
4.Marine Hybrid Propulsion Market, By Power Source
5.Marine Hybrid Propulsion Market, By Ship Type
6.Marine Hybrid Propulsion Market, By Region
7.Company Profiles
….

What our report offers:

• Market share assessments for the regional and country level segments

• Market share analysis of the top industry players

• Strategic recommendations for the new entrants

• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets

• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

• Strategic recommendations in key business segments based on the market estimations

• Competitive landscaping mapping the key common trends.

• Company profiling with detailed strategies, financials, and recent developments

• Supply chain trends mapping the latest technological advancements

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Marine Hybrid Propulsion market based on product and application. It also provides market size and forecast till 2023 for overall Marine Hybrid Propulsion market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Rest of the World, which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

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Also, key Marine Hybrid Propulsion market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

Continued…
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