Press release
Marine Propulsion Engine Market Growing During 2018-2024: Leading Players – (Wärtsilä, Volvo Penta, Shell, PETRONAS, Mercury Marine, MAN Diesel & Turbo, LUKOIL, Cummins)
Marine Propulsion Engine Market
Get Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/791
Diesel propulsion engine market size was upwards of USD 6 billion in 2015, it will grow at 4.2% CAGR estimation over the next eight years. This can be attributed to significant improvements in various technologies such as firing pressures, fuel injection technology, turbo-charging efficiency and brake mean effective pressure.
Industry Growth drivers:
1 Rising demand for operationally-dependable and efficient ships
2 Introdution of nuclear propulsion engines
3 Rising LNG prominence
4 Growing prefrence for non-conventional energy sources
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Aegean
2. BP
3. Caterpillar
4. Chevron
5. Cummins
6. Exxon Mobil Corp. (XOM)
7. Hydraulic Marine Systems
8. Hydrosta BV
9. Idemitsu
10. Ingeteam
11. Lukoil
12. MAN Diesel & Turbo
13. Masson Marine
14. PETRONAS
15. Shell
16. Total
17. Rolls Royce
18. Siemens
19. Volvo Penta
20. Wärtsilä
21. Yamaha
Marine Propulsion Engine market By Product
• Diesel propulsion
• Wind & solar propulsion
• Gas turbine propulsion
• Fuel cell propulsion
• Steam turbine propulsion
• Natural gas
Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/791
With decreasing demand for fuel bunkers, nuclear propulsion delivers more cargo space without refueling. Growing trend towards the development of the powerful engines in the shipping industry has been supplemented by the introduction of supertankers. Shift towards unconventional energy sources will fuel the marine propulsion market size over the forecast timeframe. Power derived from wind is free from exhaust pollutants. Solar power is also utilized as an auxiliary power source with the help of photovoltaic cells to generate electricity, thus driving the future of propulsion systems.
Growing efforts toward enhancing engine capacities and introduction of larger cargo holding capacity containers has led to rapid innovation and development initiatives. Depleting shale and conventional gas reserves has increased demand for LNG (Liquefied Natural Gas) as marine fuel. It is used in reciprocating engines owing to its effective combustion capabilities.
Solar and wind segment accounted for more than 3% of the 2015 industry revenue with 6% CAGR forecast. Favorable government initiatives and investments in the development of renewable energy sources-powered products will drive demand.
Fuel cells will witness substantial growth opportunities due to high performance characteristics in auxiliary propulsion and low-power machinery. The shipping industry has diverted its focus on reducing consumption of fossil fuel by developing electric motors, thereby contributing to energy efficiency.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/marine-propulsion-engine-market
Marine propulsion engine market share is dominated by companies such as MAN Diesel, Rolls Royce, Mitsubishi, and Wärtsilä. The industry is characterized by long term contracts and frequent mergers & acquisitions to achieve competitive advantage.
About Global Market Insights:
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.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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 Marine Propulsion Engine Market Growing During 2018-2024: Leading Players – (Wärtsilä, Volvo Penta, Shell, PETRONAS, Mercury Marine, MAN Diesel & Turbo, LUKOIL, Cummins) here
News-ID: 1389986 • Views: …
More Releases from Maritime Industry
Catamarans Market - Groupe Beneteau, Grup Aresa International, Outremer Yachting …
Catamarans Market for Sailing segment value is projected to witness 5.8% CAGR over the forecast timeframe. Increasing product demand for water sporting, campaigning, and boat racing events owing to high speed, improved stability, and ease of its maneuverability are among the prominent factors fueling the segment growth. These are featured to have an average speed of 300-400 nautical miles per day. Catamarans Market size is estimated to exceed USD 2.2…
Water Taxi Market Dynamics Key Vendors Beneteau, Brunswick Boat Group, Ferretti …
Water Taxi Market for Sail boats are leading the product segment and will continue its dominance with approximately 78% volume share over the next seven years. Substantial production of these boats coupled with their high usage for covering short distances will primarily drive the industry growth. Cost effective nature of the product will further support the segment’s dominance. Ferries will witness over 6% CAGR from 2018 to 2024 owing to…
U.S. Recreational Boating Market | Major Boating Players - Azimut|Benetti Group, …
U.S. Recreational Boating Market size is estimated to surpass USD 28.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Florida recreational boating industry will exhibit over 6.5% CAGR over the study period. This growth can be attributed to the increasing government initiatives to educate and encourage the participation of customers for recreational boating. The regulations by Florida Fish and Wildlife Conservation Commission mandating minimum…
Marine Diesel Engines Market 2024 Industry Manufacturer Euronav, BW Group, Zodia …
Marine Diesel Engines Market size is set to exceed USD 7 billion by 2024, according to a new research report by Global Market Insights, Inc. Growing demand for economic viable engines coupled with rise in seaborne trade will drive marine diesel engines market. According to United Nations Conference on Trade & Development (UNCTAD), global seaborne trade in 2014 expanded by 3.4% when compared to 2013. High reliability and alternative use…
More Releases for Marine
Marine Fender Market Hits New High | Major Giants Bridgestone Corporation, Fende …
HTF MI recently introduced Global Marine Fender Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies in Marine Fender Market are:
Acir Marine (United States), Bridgestone Corporation (Japan), Fendercare Marine (United Kingdom), Maha Tech Asia Pte Ltd…
Marine Lighting Market Forecasted for Strong Growth from 2025 to 2032 | Phoenix …
The marine lighting market is estimated to be valued at USD 449.8 Mn in 2025 and is expected to reach USD 654.3 Mn by 2032, growing at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032.
A new report from CoherentMI, titled "Marine Lighting Market 2025-2032," offers an in-depth examination of the industry, including valuable insights into the Marine Lighting Market's performance. The report covers competitor dynamics, regional…
Marine Switchboards Market | ABB, Atlas Marine Systems, Clean Marine Switchboard …
The global marine switchboards market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the marine switchboards market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth of the…
Marine Asset Management Services Market Boosts Massive Revenue by 2030| Oceanic …
The latest study released on the Global Marine Asset Management Services Market by GMV Research evaluates market size, trend, and forecast to 2030. The Marine Asset Management Services market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities, and upcoming challenges and about…
Marine Doors market: Players tapping Emerging Markets | MML Marine, Baier, Freem …
"The global Marine Doors Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Marine Doors Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global…
Ocean Engineering Equipment Market Business Opportunities 2026 - Top Companies a …
The Ocean Engineering Equipment Market research added by UpMarketResearch.com, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors.
Request Exclusive Free Sample PDF of This…
