Press release
Global Marine Engines Market Share by Fuel, Power & Technology to 2024| Companies : Caterpillar,Cummins, John Deere
The evolving shipping industry across the globe and the subsequent surge in maritime trade volume are key contributors to marine engines market expansion. Widespread acceptance of fuels with low sulfur concentrations in compliance with various regulatory reforms regarding emission reduction will also propel industry share over the forecast spell.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2572
o Pages: 497
o Tables: 740
o Charts / Figures: 17
o Companies covered: 20
o Countries covered: 27
To cite an example, in January 2015, the IMO proposed certain directives aimed towards the mitigation of sulfur & particulate matter (PMs) emissions as well as SOx emission reduction to 0.10% across the ECAs. Likewise, the Marine Environment Protection Committee (MEPC) initiated reforms to abate NOx emissions generated by diesel powered engine with over 130 KW power output, in accordance with Annexure VI.
Favorable attitude towards the marine sector and rising prevalence of naval trade activities are likely to bolster marine engines market outlook over the predicted timeline. As the global economy continues to gain momentum, shipping services will observe a tremendous upsurge in demand. In fact, UNCTAD has claimed that the maritime trade volumes grew by over 2.6% in 2016, with over 23% of the worldwide marine trade being held by container trade segment.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2572
Efforts to reinforce national security with sophisticated shipping lines through numerous incentive programs and investments by government bodies will stimulate marine engines market demand. For example, the U.S government in 2019 announced their intention to invest $20 billion towards the enhancement of U.S naval vessels. Furthermore, proliferating maritime trade has necessitated more shipbuilding activities, thereby bolstering industry size.
With regards to fuel type, the LNG (Liquefied Natural Gas) segment is poised to record considerable revenue of over $2 billion over 2024. LNG is used extensively as a ship supplement, with significantly less carbon emission owing to CO2 content reduction of nearly 25%. It is also a cost-effective fuel option in many prominent locations including North America and Europe. In 2017, there was observed to be a DTW growth of over 10%, stemming from escalating financial interest in LNG carriers following a surge in global trade endeavors.
Marine engines market demand from the recreational application segments is likely to accrue heft gains owing to burgeoning requirement for cruises and ferries. This surge in demand is attributed largely to improving living standards and higher levels of disposable incomes across the globe. In fact, according to FCCA, more than 23 billion passengers across the world travelled via cruise ships in 2015.
With respect to the regional landscape, the U.S marine engines market is expected to register proceeds worth over $1 billion by 2024. Persistent efforts towards the development of efficient systems that comply with general ecological norms are said to assert a positive influence on industry growth in the region. Furthermore, the prevalence of retrofitting activities with the aim of implementing low emission solutions across several shipping yards will foster global marine engines market growth.
Meanwhile, the Middle East marine engines industry will record remuneration of more than $772 million over 2024, as a result of abundant availability of offshore ships and tankers. Escalating efforts pertaining to crude oil exploration & production activities will augment the demand for oil tankers and gas carriers, in addition to platform supply and drill vessels.
Partial Table of Contents (ToC) of the report:
Chapter 4. Marine Engines Market, By Fuel
4.1. Global marine engines market share by fuel, 2017 & 2024
4.2. MDO
4.2.1. Global market by MDO, 2013-2024
4.2.2. Global market by MDO, by region 2013 - 2024
4.3. MGO
4.3.1. Global market by MGO, 2013-2024,
4.3.2. Global market by MGO, by region 2013 - 2024
4.4. LNG
4.4.1. Global market by LNG, 2013-2024,
4.4.2. Global market by LNG, by region 2013 - 2024
4.5. Hybrid
4.5.1. Global market by hybrid, 2013-2024,
4.5.2. Global market by hybrid, by region 2013 - 2024
4.6. Others
4.6.1. Global market by others, 2013-2024,
4.6.2. Global market by others, by region 2013 - 2024
Chapter 5. Marine Engines Market, By Power
5.1. Global marine engines market share by power, 2017 & 2024
5.2. < 1,000 HP
5.2.1. Global market by < 1,000 HP, 2013-2024
5.2.2. Global market by < 1,000 HP, by region 2013 - 2024
5.3. 1,000-5,000 HP
5.3.1. Global market by 1,000-5,000 HP, 2013-2024
5.3.2. Global market by 1,000-5,000 HP, by region 2013 - 2024
5.4. 5,000-10,000 HP
5.4.1. Global market by 5,000-10,000 HP, 2013-2024
5.4.2. Global market by 5,000-10,000 HP, by region 2013 - 2024
5.5. 10,000-20,000 HP
5.5.1. Global market by 10,000-20,000 HP, 2013-2024
5.5.2. Global market by 10,000-20,000 HP, by region 2013 - 2024
5.6. > 20,000 HP
5.6.1. Global market by > 20,000 HP, 2013-2024
5.6.2. Global market by > 20,000 HP, by region 2013 - 2024
Chapter 6. Marine Engines Market, By Technology
6.1. Global marine engines market share by technology, 2017 & 2024
6.2. Low Speed
6.2.1. Global market by low speed, 2013-2024
6.2.2. Global market by low speed, by region 2013 - 2024
6.3. Medium Speed
6.3.1. Global market by medium speed, 2013-2024
6.3.2. Global market by medium speed, by region 2013 - 2024
6.4. High Speed
6.4.1. Global market by high speed, 2013-2024
6.4.2. Global market by high speed, by region 2013 - 2024
Chapter 7. Marine Engines Market, By Propulsion
7.1. Global marine engines market share by propulsion, 2017 & 2024
7.2. 2-stroke
7.2.1. Global market by 2-stroke, 2013-2024
7.2.2. Global market by 2-stroke, by region 2013 - 2024
7.3. 4-stroke
7.3.1. Global market by 4-stroke, 2013-2024
7.3.2. Global market by 4-stroke, by region 2013 - 2024
Related Report:
Wind Energy Market
https://www.marketwatch.com/press-release/qualitative-analysis-on-wind-energy-market-2020-2025-tradewind-geronimo-energy-general-electric-2020-02-05
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
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.
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 Engines Market Share by Fuel, Power & Technology to 2024| Companies : Caterpillar,Cummins, John Deere here
News-ID: 1922446 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
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…
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…
