Hybrid and Full Electric Marine Propulsion Market is expected to reach US$ 12339.95 Mn. by 2030, says Maximize Market Research.

Hybrid and Full Electric Marine Propulsion Market is expected to reach US$ 12339.95 Mn. by 2030 with a CAGR of 10.9%, during the forecast period.

Hybrid and Full Electric Marine Propulsion Market Dynamics

The usage of roads as well as airlines has increased immensely for public & private transport in developed and developing countries, similarly usage of ferries for public & private transportation purposes in coastal waterways has increased at large, which is supplementing the market growth. In a full electric marine propulsion system, the engine is directly connected to the generator. Full electric marine propulsion boosts up efficiency of the vessel as well as reduces the carbon footprint.

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Hybrid and Full Electric Marine Propulsion Market Regional Analysis

North America Hybrid and Full Electric Marine Propulsion Market has dominated the global Hybrid and Full Electric Marine Propulsion Market in 2023 with its growing number of marine fleet size. The Canadian government has invested in efficient vehicles for fishing the North America Hybrid and Full Electric Marine Propulsion Market is expected to grow even further during the forecast period. Asia-Pacific Hybrid and Full Electric Marine Propulsion Market is expected to show significant CAGR during the forecast period of this report. The main driving factor for the growth of Asia Pacific Hybrid and Full Electric Marine Propulsion Market is the increased shipbuilding activities in the region.

Hybrid and Full Electric Marine Propulsion Market Scope

Market Size in 2023 USD 5981.26 Mn.
Market Size in 2030 USD 12339.95 Mn.
CAGR 10.9% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 285
No. of Tables 115
No. of Charts and Figures 110
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

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Hybrid and Full Electric Marine Propulsion Market Segmentation

by Propulsion Type

1. Full Electric Vessel
2. Hybrid Vessel

by Ship Type

1. Anchor Handling Tug Supply (AHTS) Vessels
2. Cruise Liner
3. Motor Ferry
4. Naval Ships
5. Platform Supply Vessel (PSV)
6. Small Cargo Ships
7. Submarines
8. Yachts

by Deadweight

1. 5K-10K Dead Weight Tonnage (DWT)
2. Less Than 5K Dead Weight Tonnage (DWT)
3. More Than 10K Dead Weight Tonnage (DWT)

by Power Rating

1. Up to 1 MW
2. 1.1-2 MW
3. 2.1-3.5 MW
4. Above 3.5 MW

by RPM

1. 0-1000 RPM
2. 1001-2500 RPM
3. Above 2500 RPM

by Application

1. Commercial
2. Logistics
3. Naval
4. Offshore Drilling

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Hybrid and Full Electric Marine Propulsion Market Key Players

1. AB Volvo Penta
2. BAE Systems
3. Caterpillar Inc
4. Cummins Inc
5. Fairbanks Morse Engine
6. MAN Diesel & Turbo SE
7. Masson-Marine S.A.S
8. Niigata Power Systems Co Ltd
9. Rolls Royce Plc
10. STEYR MOTORS GmbH
11. Torqeedo GmbH
12. Wärtsilä Corporation
13. MAN Diesel & Turbo SE
14. Gneral Electric
15. IHI Power Systems Co.,Ltd.
16. Volvo Penta

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/hybrid-and-full-electric-marine-propulsion-market/42404/

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