openPR Logo
Press release

Hybrid Electric Marine Propulsion Engine Market Analysis 2019-2025: Top Key Players - Caterpillar, MAN Diesel & Turbo, Mitsubishi Heavy IndustriesCummins, Hybrid Marine, STEYR Motors, Rolls-Royce, Wartsila Finland Oy, Elco Motor Yachts among others

01-15-2019 01:05 PM CET | Logistics & Transport

Press release from: Adroit Market Research

Hybrid Electric Marine Propulsion Engine

Hybrid Electric Marine Propulsion Engine

Adroit Market Research launched a study titled, “Global Hybrid Electric Marine Propulsion Engine Market Size 2017 By Type (< 150 kW, 151-500 kW, 501-750 kW), By Application (Commercial, Leisure), By Region and Forecast 2018 to 2025”. The study covers the global hybrid electric marine propulsion engine market value and volume for a period ranging between 2012 to 2025, where 2012 to 2017 imply the actual annual revenue with forecast between 2018 and 2025. The global hybrid electric marine propulsion engine market report also includes qualitative insights of the market such as drivers, restrains, value chain, regulatory framework and trade statistics. The value chain has been analyzed in detail covering key stages.

Request sample copy of Hybrid Electric Marine Propulsion EngineMarket at: https://www.adroitmarketresearch.com/contacts/request-sample/68

The global hybrid electric marine propulsion engine market is expected to reach a market value of USD 708.6 million by 2025 due to the rising focus on reducing the carbon emission by the large vessels and cargo ships. The installation of hybrid electric propulsion engine is witnessing a rising trend in the global marine propulsion engine market as its results in the reduction in the operation and maintenance related costs.

The cost reduction benefits provided by the installation hybrid electric marine propulsion engine is the primary driver of the market. However, the increasing focus of government to reduce the destruction of marine ecosystem that is caused by the conventional marine propulsion engine systems. Tourist vessels and yachts are beginning the adoption of hybrid vessels fitted with the hybrid propulsion system, as these propulsion systems are comparatively less harmful to the marine ecosystem than the conventional mechanical propulsion system.

Shipping is a critical channel through which trade activities, such as the distribution of goods between different regional markets are carried out. The trade components, which include the import and export of commodities and other materials is majorly carried out through sea routes. Large vessels and cargo ships are used for this purpose and even a minor reduction in the costs results in major changes in the overall profit margins for the traders. The installation of hybrid electric propulsion engines in such vessels results in substantial cost reduction in terms of maintenance and operational costs. The carbon emission from the shipping industry which stands at ~3% of total CO2 emission is also a major factor driving the installation of these engines, thereby accelerating the growth of the global hybrid electric propulsion engine market size.

Read details of the report at: https://www.adroitmarketresearch.com/industry-reports/hybrid-electric-marine-propulsion-engine-market

Based on the end users of the global marine propulsion engines market, the commercial segment is expected to exhibit the most lucrative market segment during the forecast period. The energy transmission being electrical and the thrusters being driven variably, the deployment of hybrid vessels is driving the hybrid vessels market. Installing hybrid propulsion systems results in reduced fuel consumptions in cargo ships, thereby offering a more profitable proposition than the conventional diesel driven propulsion systems. However, the leisure segment is expected to witness rapid growth on account of luxury cruise and yacht owners adopting hybrid vessels to achieve cost reduction.

Geographically, Asia Pacific region is anticipated to witness the fastest growth during the forecast period. The increasing trade activities in economies such as China, India, Japan, Singapore is one of the primary factors accelerating the demand for hybrid propulsion systems. The increasing focus to curb emission levels by the cargo vessels and the subsequent government initiatives, is expected to drive the hybrid electric propulsion engine market during the forecast period.

The global hybrid electric marine propulsion engine market is fragmented with the presence of several global and regional players. These companies include Caterpillar, MAN Diesel & Turbo, Mitsubishi Heavy IndustriesCummins, Hybrid Marine, STEYR Motors, Rolls-Royce, Wartsila Finland Oy, Elco Motor Yachts, Oceanvolt, Beta Marine, Leonardo DRS, and GE among others.

Key segments of the global hybrid electric marine propulsion engine market

Type Overview, 2013-2025 (Unit) (USD million)
• < 150 kW
• 151-500 kW
• 501-750 kW

Application Overview, 2013-2025 (Unit) (USD million)
• Commercial
• Leisure

Regional Overview, 2013-2025 (Units) (USD million)
• North America
o U.S.
o Canada
• Europe
o Spain
o UK
o Italy
o France
o Germany
o Rest of Europe
• Asia-Pacific
o China
o India
o South East Asia
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o GCC
o South Africa
o Rest of Middle East & Africa

Enquire more details of the report at: https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/68

About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Information:
Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX75204, U.S.A.
Phone No.: USA: +1 (214) 884-6068 / +91 9665341414

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 Hybrid Electric Marine Propulsion Engine Market Analysis 2019-2025: Top Key Players - Caterpillar, MAN Diesel & Turbo, Mitsubishi Heavy IndustriesCummins, Hybrid Marine, STEYR Motors, Rolls-Royce, Wartsila Finland Oy, Elco Motor Yachts among others here

News-ID: 1499169 • Views:

More Releases from Adroit Market Research

Electronic Health Records Market Estimated Size Valuation will be USD 47.62 Billion Growing at a CAGR of 6.01% from 2024 to 2032 | Adroit Market Research
Electronic Health Records Market Estimated Size Valuation will be USD 47.62 Bill …
The global Electronic Health Records market reached a value of US$ 30.65 Billion in 2023 and is expected to reach US$ 47.62 Billion by 2032, exhibiting a CAGR of 6.01% during the prediction period of 2023 to 2032. Executive Synopsis: The last few years have seen a notable increase in the global Electronic Health Records market because of technological breakthroughs, rising demand from a variety of industries, and continuous R&D initiatives to
Organic Food Market Size to Reach USD 525.65 Billion at a CAGR of 12.09% by 2032 - Growth Opportunities, Strategic Initiatives, Trends & Innovation | Adroit Market Research
Organic Food Market Size to Reach USD 525.65 Billion at a CAGR of 12.09% by 2032 …
The global Organic Food market reached a value of US$ 170.05 Billion in 2023 and is expected to reach US$ 525.65 Billion by 2032, exhibiting a CAGR of 12.09% during the prediction period of 2023 to 2032. The global Organic Food market report uses methods and major market analysis To give a thorough picture of the market, the global Organic Food market report uses a range of analytical techniques and frameworks. Market
Quantum Computing Market Size to Grow Worth USD 888.5 Million at a CAGR of 33.10% by 2032 - Top Players, Trends, Growth Prospects & Forecast | Adroit Market Research
Quantum Computing Market Size to Grow Worth USD 888.5 Million at a CAGR of 33.10 …
The global Quantum Computing market reached a value of US$ 888.5 Million in 2023 and is expected to reach US$ 12,622.9 Million by 2032, exhibiting a CAGR of 33.10% during the prediction period of 2023 to 2032. What is said in the market report for global Quantum Computing A thorough examination of the market's structure, trends, obstacles, and opportunities is included in the global Quantum Computing market study. A thorough analysis of
Software as a Service Market Size to grow USD 1,230.81 Billion by 2032 | CAGR of 19.5% - Trends, Technical Advancement & Future Prospect - Adroit Market Research
Software as a Service Market Size to grow USD 1,230.81 Billion by 2032 | CAGR of …
The global Software as a Service market reached a value of US$ 275.53 Billion in 2023 and is expected to reach US$ 1,230.81 Billion by 2032, exhibiting a CAGR of 19.5% during the prediction period of 2023 to 2032. Extensive Assessment of COVID-19's Impact on the Worldwide Software as a Service Industry The COVID-19 pandemic had a substantial effect on the global Software as a Service market, altering market dynamics through supply

All 5 Releases


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