Press release
Rising natural gas exploration activities to drive North America onboard marine gensets market: ABB, Cummins, Daihatsu Diesel, DEUTZ, Kirloskar, Rolls-Royce, Siemens AG and Yanmar and Wärtsilä.
Global Market Insights, Inc., announces an ongoing comprehensive report on the “Global Onboard Marine Gensets Market”. This report provides an exhaustive account of the industry including:
• Global onboard marine genset market size, historical from 2013 to 2018 and annual forecast from 2019 to 2025
• Major global onboard marine genset industry trends, technology evolution, economic indicators and business challenges
• Regulatory and geopolitical trends impacting the industry
• Business drivers and pitfalls impacting key regional markets
• Competitive landscape of the industry and detailed profiles on the major companies
Request For Table Of Content @ https://www.gminsights.com/request-toc/upcoming/3397
Rising disposable incomes combined with substantial growth in commercial trade will boost revenues for the global onboard marine genset market over the forecast period. Commercial vessels travel over long distances and require reliable source of power to support various on-board operations. Increasing demand for electronics, food & beverage, automobile and other industrial goods worldwide will propel the number of container ships being operated on the sea.
Recently, Florida-based vegetable and fruit producer Fresh Del Monte had ordered six new container ships to eventually replace its entire US east coast fleet, with the first delivery expected in late 2019. Similar fleet expansions undertaken by leading companies will strengthen ship-building activities worldwide, raising the demand for onboard marine gensets in the coming years.
Global onboard marine gensets industry could also witness accelerated adoption of new and innovative products among commercial vessels with a surge in the production of liquified natural gas (LNG), where massive tankers are needed for LNG transportation. For instance, Qatar Petroleum is aiming to build nearly 100 new LNG tankers over the next ten years to support its plans for increased LNG production.
Gas-powered onboard marine gensets market could experience major growth over the forecast timespan owing to stringent emission control laws being enforced around the world. The International Maritime Organization (IMO) has announced a strategy to cut down CO2 emissions from the shipping sector by 50 percent by the year 2050. Increased production of natural gas will provide substantial opportunities for generator set manufacturers to develop efficient and cost effective products for cargo vessels, cruise ships and other marine vessels.
North America onboard marine gensets market will register steady growth over the projected timeframe due to increasing use of recreational vessels and extensive natural gas exploration activities in the region. A large number of ferries are used all over the U.S. to transport millions of people and vehicles in island regions or rural areas.
According to the United States Bureau of Transportation Statistics, New York City alone had planned to add 19 new ferries between 2017 and 2018 to serve the growing number of commuters. Installing generators in new vessels as well as the tremendous potential from retrofitting activities in existing ferries will reinforce North America onboard marine gensets industry.
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
Web: www.gminsights.com
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.
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