Global Marine Hybrid Propulsion Market Value is Expected to Reach $5.02 Billion by 2025

The Business Research Company offers "Marine Hybrid Propulsion Global Market Report 2021: COVID-19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trend s and strategies that players in the market can adopt.

The marine hybrid propulsion market report describes and explains the global marine hybrid propulsion market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.

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The marine hybrid propulsion market consists of sales of marine hybrid propulsion systems by entities (organizations, sole traders, and partnerships) that manufacture marine hybrid propulsion systems. Hybrid propulsion is a propulsion system for a vehicle that involves two or more sources of propulsion in one design usually that can be used collectively or alternately. Hybrid propulsion improves the fuel efficiency of vessels with variable power demand such as tug boats, fishing vessels, and others.

The global marine hybrid propulsion market is expected to grow from $2.88 billion in 2020 to $3.10 billion in 2021 at a compound annual growth rate (CAGR) of 7.5%. The growth in the marine hybrid propulsion market is mainly due to the increase in international trade, expanding shipbuilding industry, rising demand for electric propulsion technology, and rising shift from conventional to hybrid propulsion units. The market is expected to reach $5.02 billion in 2025 at a CAGR of 12.8%.

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Some of the major players of the marine hybrid propulsion market are BAE Systems, Schottel, MAN Energy Solutions, Siemens, ABB Ltd, General Electric Company, Steyr Motors, Mitsubishi Heavy Industries, Torqeedo, and Wartsila Corporation.

The countries covered in the global marine hybrid propulsion market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global marine hybrid propulsion market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global marine hybrid propulsion market is segmented –
1) By Propulsion Type: By Propulsion Type, Diesel-Electric, Parallel Hybrid, Serial Hybrid, Full Electric, Gas Turbine, Fuel Cell
2) By Ship Type: Anchor Handling Tug Supply Vessels, Platform Supply Vessels, Yachts, Motor Ferry, Cruise Liner, Others
3) By Power Rating: 0-300 KW, 301-500KW, 501KW-800KW
4) By Application: Commercial, Logistics, Offshore Drilling, Naval, Others

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Few Points From Table Of Content
1. Executive Summary
2. Marine Hybrid Propulsion Market Characteristics
3. Marine Hybrid Propulsion Market Trends And Strategies
4. Impact Of Covid-19 On Marine Hybrid Propulsion
5. Marine Hybrid Propulsion Market Size And Growth
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26. Africa Marine Hybrid Propulsion Market
27. Marine Hybrid Propulsion Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Marine Hybrid Propulsion Market
29. Marine Hybrid Propulsion Market Future Outlook And Potential Analysis
30. Appendix

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