Marine Propulsion Market 2018 - 2026 | Cummins Inc., Caterpillar Inc., AB Volvo Penta, BAE Systems, Wärtsilä Corporation, Rolls Royce Plc., Niigata Power Systems Co., Ltd.

- Marine Propulsion Market – Overview

Marine propulsion is a mechanism or system used to generate thrust to move a ship or boat across water. The setup of a propulsion system depends on the vessel size, transport system, and type of operation. Diesel marine propulsion system is a common type of marine propulsion system. The segment constitutes more than 46% share of the global marine propulsion market. Diesel marine propulsion systems are used in almost all types of vessels such as mall boats, ferries, defense vessels, and recreational vessels.
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In full electric marine propulsion systems, the engine is directly connected to the generator. Full electric marine propulsion enhances the overall efficiency of the vessel and also reduces the carbon footprint. Full electric marine propulsion system consists of a series of motors and generators. Electric power is transmitted from the engine to the propeller shaft through the motor controller and electric motor.

Implementation of stringent regulations related to minimization of harmful carbon emissions has propelled the demand for advanced propulsion systems. Increase in seaborne trade has resulted in spillage of marine fuel in the marine ecosystem. Therefore, governments of several countries are funding and supporting development and adoption of the latest technology in marine propulsion systems.

The report comprises profiles of major companies operating in the global marine propulsion market. Key players operating in the marine propulsion market include Cummins Inc., Caterpillar Inc., AB Volvo Penta, BAE Systems, Wärtsilä Corporation, Rolls Royce Plc., Niigata Power Systems Co., Ltd., Fairbanks Morse Engine, Masson-Marine S.A.S., GE, STEYR MOTORS GmbH, MAN Diesel & Turbo SE, and Torqeedo GmbH. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global marine propulsion market has been segmented as follows:

- Marine Propulsion Market, by Propulsion Type
Full Electric
Diesel
Renewable
Nuclear
Gas turbine
Fuel Cell
Hybrid
Others

Marine Propulsion Market, by Transport
- Inland Waterways

Passenger Ships
Goods Transport Ships
Fishing Boats
Pleasure Boats/Water Sports
Others

- Coastal/Cross-border Waterways

Offshore Vessels
Offshore Support Vessels
Offshore Construction Vessels
Oil Exploration and Drilling Vessels
Offshore Production Vessels
Fishing Vessels
Ferries
Tugboats
Cruise
Cargo Ships
Defense Vessels
Others

- Marine Propulsion Market, by Power Rating

0-300 kW
301-500 kW
501-800 kW
Above 801 kW

- Marine Propulsion Market, by RPM
0-1000 rpm
1001-2500 rpm
Above 2500 rpm
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Marine Propulsion Market: By Region
North America
U.S.
Canada
Europe
Germany
U.K.
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