openPR Logo
Press release

Marine Hybrid Propulsion Market will rise due to increasing focus on fuel efficiency and emission reduction - GIS Reports

06-06-2023 10:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Insight Services

Marine Hybrid Propulsion Market will rise due to increasing

New York, Global Marine Hybrid Propulsion Market report from Global Insight Services is the single authoritative source of intelligence on Marine Hybrid Propulsion Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Request free sample copy of this research study: https://www.globalinsightservices.com/request-sample/GIS21970

Marine hybrid propulsion is a system that uses more than one type of fuel or energy source to power a vessel. Common combinations include diesel and electric, diesel and renewable energy sources like wind or solar, or even nuclear and renewable energy. Marine hybrid propulsion systems offer a number of advantages over traditional single-fuel systems, including increased efficiency, lower emissions, and greater operational flexibility.

Key Trends

Some of the key trends in marine hybrid propulsion technology include the use of alternative fuels, the development of more efficient propulsion systems, and the use of electric power.

The use of alternative fuels is becoming increasingly popular in the maritime industry as a way to reduce emissions and operating costs. LNG is one of the most popular alternative fuels, and its use is expected to grow in the coming years. Other alternative fuels that are being explored include biofuels, hydrogen, and battery power.

The development of more efficient propulsion systems is another key trend in marine hybrid propulsion technology. This includes the use of more efficient engines, the use of alternative fuels, and the use of electric power.

The use of electric power is also increasing in the maritime industry. Electric propulsion systems are more efficient than traditional diesel engines and produce zero emissions. Electric propulsion is also quieter than traditional propulsion systems, which is important for ships that operate in sensitive areas.

Read more about Marine Hybrid Propulsion Market here: https://www.globalinsightservices.com/reports/marine-hybrid-propulsion-market/

Key Drivers

The key drivers of the marine hybrid propulsion market are the increasing focus on fuel efficiency and emission reduction, and the need for quieter operations.

The maritime industry is under pressure to improve fuel efficiency and reduce emissions in order to meet environmental regulations. Hybrid propulsion systems can offer significant improvements in both of these areas.

Hybrid propulsion systems can also offer quieter operations, which is an important consideration for many maritime applications.

Get Customized Report as Per Your Requirement:https://www.globalinsightservices.com/request-customization/GIS21970

Market Segmentation

The Marine Hybrid Propulsion Market is segmented by propulsion type, power rating, application, and region. On the basis of propulsion type, the market is segmented as diesel-electric, parallel hybrid, serial hybrid, full electric, gas turbine, and fuel cell. Similarly, on the basis of power rating, the market is segmented as 0-300 kW, 301-500 kW, and more than 500 kW. Further on basis of application, the market is segmented as commercial, logistics, offshore drilling, and naval. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.

Key Players

The key players in the Marine Hybrid Propulsion Market are ABB, BAE Systems, Caterpillar, General Electric, Mitsubishi Heavy Industries, Schottel Group, Siemens, Steyr Motors GmbH, Torqeedo GmbH, and Wärtsilä.

Purchase your copy now: https://www.globalinsightservices.com/checkout/single_user/GIS21970

With Global Insight Services, you receive:
• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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 Hybrid Propulsion Market will rise due to increasing focus on fuel efficiency and emission reduction - GIS Reports here

News-ID: 3079743 • Views:

More Releases from Global Insight Services

Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing at 17.5% CAGR | Overall Study Report
Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing …
The Immuno Oncology Drugs Market is rapidly emerging as a transformative segment in the global healthcare industry. These drugs harness the body's immune system to identify and attack cancer cells, offering innovative treatment alternatives to traditional chemotherapy and radiation therapies. Immuno-oncology therapies include monoclonal antibodies, checkpoint inhibitors, cancer vaccines, and cell-based therapies such as CAR-T cells. The growth of this market is primarily driven by advancements in biotechnology, an improved
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Overall Study Report
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Ove …
The GLP 1 Market is experiencing unprecedented growth, fueled by the rising prevalence of type 2 diabetes and obesity globally. GLP-1, or glucagon-like peptide-1 receptor agonists, represents a groundbreaking therapeutic class that improves insulin secretion, reduces glucagon production, and slows gastric emptying. These mechanisms not only enhance glycemic control but also support weight management, making GLP-1 therapies a preferred choice among healthcare providers and patients alike. Over the years, the
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAGR | Key Players: EasyMile, Navya, Aurrigo
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAG …
Market Overview Autonomous Bus Market is revolutionizing the future of urban mobility through advanced automation technologies. Valued at $2.1 billion in 2024, the market is projected to reach $11.6 billion by 2034, expanding at a strong CAGR of 18.8%. This market focuses on the development and deployment of self-driving buses equipped with cutting-edge sensors, artificial intelligence, and vehicle-to-everything (V2X) communication systems. These buses are designed to improve road safety, enhance passenger
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | Key Players: Apollo Tyres, Nokian Tyres, Hankook Tire
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | …
Market Overview Automotive Tire Market is experiencing remarkable growth as the industry embraces innovation, sustainability, and digital transformation. Valued at $406 billion in 2024, the market is projected to soar to $976.7 billion by 2034, reflecting a CAGR of 9.2%. This expansion is primarily driven by the surge in global vehicle production, growing consumer preference for durable and high-performance tires, and the increasing adoption of smart tire technologies. The Automotive Tire

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