Press release
Global Marine Propulsion Engine Market Report: Trends, Forecast and Competitive Analysis 2017-2024
Renewable resources such as biodiesel, wind, and solar, are used for power generation in driving the ships. Solar and wind accounted for more than 3% of global share is anticipated to grow at around 6% CAGR.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/791
Marine Propulsion Engine Market is set to be over USD 13 billion by 2024 with a CAGR of more than 4%. Increasing the efficiency of ships by using renewable resources is forecast to enable modernization and reduce the impact on diesel engines. Next generation tankers capability to carry large loads will augment marine propulsion engine market.
Increase in R&D by the OEMs will boost capacity handling requirements and ship power which in turn will positively impact the product offerings. Rapid innovations will result in energy efficient and powerful products for the shipping industry. Decrease in consumption of fossil fuel and development of electric motors may support environmental emission reduction and energy efficient products to boost the marine propulsion engine market.
Depletion of reserves of shale gas and conventional sources may lead to increasing use of LNG as maritime fuel. A prerequisite to LNG adoption is large, safe and insulated storage arrangements. However, various alternative storage tanks are built to satisfy the requirements which will enhance LNG usage. Increase in LNG adoption will drive marine propulsion engine market during the forecast timeline.
Importance of advanced technologies and increasing awareness for environmental conservation has led government to take severe actions in emissions. Instances such as oil spills, exhaust gases, chemical spills, air pollution and sewage waste leads to water contamination. Marine Pollution Convention (MARPOL) guidelines supports in environment protection from locomotive exhaust gases. Stringent emission standards and non-compliance to rules will lead to huge penalties for various organizations. Environmental regulations posed by government for reducing CO2 emissions will certainly have impact on marine propulsion engine market.
In 2015, gas turbines segment was valued at more than USD 900 million owing to advanced technical features. Military and navy sector hugely contributes to this industry growth. Lowering the impact on the environment through the use of wind and solar energy will spur the industry thereby having governmental support.
Make an inquiry before buying @ https://www.gminsights.com/request-sample/detail/791
Asia Pacific contributed to over half of the total revenue generated in 2015 due to China and Korea marine propulsion engine market growth. U.S. may witness high adoption rate of LNG during the forecast period.
Volvo Penta, Rolls Royce, Sinopec, Mitsubishi, Wärtsilä, Yamaha, Caterpillar, MAN Diesel & Turbo, Hydraulic Marine Systems, and Cummins are the players in the marine propulsion engine market. Strategy adopted by the leading players is the continuous innovations to produce cost effective and fuel efficient machines. Moreover, mergers and strategic alliances remain in leading participants to gain competitive advantage. New entrants in the industry are coming with innovative technology to sustain in the competition.
Chapter 4. Marine Propulsion Engine Product Insights
4.1. Marine propulsion engine market share by product, 2015 & 2024
4.2. Diesel Propulsion
4.2.1 Market estimates and forecast, 2013 - 2024
4.2.2 Market estimates and forecast, by region, 2013 - 2024
4.3. Wind & Solar Propulsion
4.3.1 Market estimates and forecast, 2013 - 2024
4.3.2 Market estimates and forecast, by region, 2013 - 2024
4.4. Gas Turbine Propulsion
4.4.1 Market estimates and forecast, 2013 - 2024
4.4.2 Market estimates and forecast, by region, 2013 - 2024
4.5. Fuel Cell Propulsion
4.5.1 Market estimates and forecast, 2013 - 2024
4.5.2 Market estimates and forecast, by region, 2013 - 2024
4.6. Steam Turbine Propulsion
4.6.1 Market estimates and forecast, 2013 - 2024
4.6.2 Market estimates and forecast, by region, 2013 - 2024
4.7. Natural Gas
4.7.1 Market estimates and forecast, 2013 - 2024
4.7.2 Market estimates and forecast, by region, 2013 - 2024
4.8. Others
4.8.1 Market estimates and forecast, 2013 - 2024
4.8.2 Market estimates and forecast, by region, 2013 - 2024
Chapter 5. Marine Propulsion Engine Regional Insights
5.1. Marine propulsion engine market share by region, 2015 & 2024
5.2. North America
5.2.1 North America market by product, 2013 – 2024
5.2.2 U.S.
5.2.2.1 U.S. market by product, 2013 – 2024
5.3. Europe
5.3.1 Europe market by product, 2013 – 2024
5.3.2 Germany
5.3.2.1 Germany market by product, 2013 – 2024
5.3.3 UK
5.3.3.1 UK market by product, 2013 – 2024
5.4. Asia Pacific
5.4.1 Asia Pacific market by product, 2013 – 2024
5.4.2 China
5.4.2.1 China market by product, 2013 – 2024
5.4.3 Japan
5.4.3.1 Japan market by product, 2013 – 2024
5.5. Latin America
5.5.1 Latin America market by product, 2013 – 2024
5.5.2 Brazil
5.5.2.1 Brazil market by product, 2013 – 2024
5.6. MEA
5.6.1 MEA market by product, 2013 – 2024
Browse Full TOC @ https://www.gminsights.com/toc/detail/marine-propulsion-engine-market
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
4 North Main Street
Selbyville
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Marine Propulsion Engine Market Report: Trends, Forecast and Competitive Analysis 2017-2024 here
News-ID: 1026286 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Propulsion
Propulsion System Market analysis
Propulsion System Market: Introduction
Advancement in the research, design and development of the aeronautical engineering branch has led to the creation of aircraft and spacecraft which enable the human race to travel vast distances and explore the universe. The basic meaning of propulsion is to push forward or to drive an object or entity in the forward direction. A propulsion system is a machine that generates thrust to push or transmit…
Propulsion Systems Market 2021 | Detailed Report
The Propulsion Systems research report analyzes global Propulsion Systems market status, future forecast, growth opportunity, key market, and key players. Its main perspective is defining, describing, and forecasting by type, market, and key regions. Furthermore, the report systematically highlights the key players and comprehensively analyze their development plan and strategies. The information also helps understand the most affecting driving and restraining forces in the market and their impact on the…
Latest 2020 Space Propulsion Market Report by Type Chemical Propulsion, Non-chem …
The global space propulsion market size is projected to grow from USD 6.7 billion in 2020 to USD 14.2 billion by 2025, at a CAGR of 16.2% from 2020 to 2025.
ReportsnReports added Latest Space Propulsion Market research report estimates the market size by the end of year at a CAGR, by deep-dive analysis of the historical data for the years. The main objective of this report is to determine Space…
Satellite Propulsion Systems Market: Increasing Number of Space-based Programs D …
This study researches the market size of Satellite Propulsion Systems in United States, European Union and China, presents the Satellite Propulsion Systems production, consumption, value, product price, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth…
Marine Hybrid Propulsion Market : Diesel-electric Propulsion Segment Emerged Dom …
Marine hybrid propulsion systems are gradually emerging as one of the most preferred clean propulsion systems globally and are being used in several vessel categories. One of the major advantages of using hybrid propulsion systems is their clean and efficient mechanism, which significantly lowers emissions as compared to conventional propulsion systems. Features such as silent maneuvering, emission-free operations, and lower degrees of fuel consumption have prompted vessel and towage operators…
Air Independent Propulsion Systems for Submarine Industry | Air Independent Prop …
Market Highlights:
Submarine is a major weapon in the hands of the navy. Traditional diesel-electric submarines have an underwater endurance of only a few days and they need to surface frequently to charge their batteries. As battery technology improved the endurance of these submarines but it was not enough. While underwater, the batteries on board power the propeller and other electrical systems on the submarine. These batteries run out of charge…
