Global Market For Marine Hybrid Propulsion Has Been Expanding At A CAGR Of 8.02% In Revenue And Will US$4.45 bn By The End Of 2022

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This research study analyzes the market for marine hybrid propulsion systems in terms of revenue. The marine hybrid propulsion market has been segmented on the basis of configuration, end-users, and geography. For the purpose of this study, 2013 has been taken as the base year while all forecasts have been given for the 2014–2022 period. Market data for all the segments has been provided at the regional as well as country-specific levels for the 2013–2022 period. The regional segments have been further divided into sub-segments comprising seven unique countries that are major players in the global marine hybrid propulsion market. The report provides a comprehensive competitive landscape and features companies engaged in the marine hybrid propulsion business. The report also provides a detailed industry analysis of the marine hybrid propulsion market with the help of the Porter’s Five Forces model. The Porter’s Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the global marine hybrid propulsion market. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat from new entrants, threat from substitutes, and degree of competition in the market.-

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The high-level analysis provides detailed insights into the business of marine hybrid propulsion globally. Major drivers, restraints, and opportunities of the marine hybrid propulsion market are analyzed in detail and illustrated in the report through graphs and tables. One of the most prominent drivers is the increasing investments by vessel operators in fuel-efficient and environment-friendly technologies. Vessel and towage operators in the marine industry are now investing in marine hybrid propulsion systems to optimize operational performance. Development in technology originating from the hybrid automotive industry has assisted technology developers in designing efficient and economical marine hybrid propulsion systems. Market attractiveness analysis was carried out for the marine hybrid propulsion industry on the basis of end-use. Market attractiveness was estimated on the basis of consumer preferences that directly impact the market.

The marine hybrid propulsion market has been segmented into three broad categories on the basis of configuration as diesel-electric, parallel, and serial hybrid systems. The marine hybrid propulsion market was also analyzed on the basis of end-users as tugboats, ferries, high-speed PSVs, and others. The others segment primarily comprises naval vessels and autonomous underwater vehicles. The marine hybrid propulsion market was analyzed across six geographies: North America, Europe, Asia Pacific, South America & Central America, Africa, and the Middle East. Although hybrid propulsion systems are being widely adopted across the world, the major share of development is witnessed in Europe alone. Regional data has been provided for each sub-segment of the marine hybrid propulsion market. Key market participants in the marine hybrid propulsion market include BAE Systems plc, Caterpillar Inc., Aspin Kemp & Associates, Imtech Marine, and General Electric. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.

Marine Hybrid Propulsion Market: Configuration Analysis

- Diesel-electric
- Parallel
- Serial

Marine Hybrid Propulsion Market: End-use Analysis

- Tugboats & OSVs
- Ferries
- Defense Vessels
- Others

Marine Hybrid Propulsion Market: Regional Analysis

- North America
- U.S.
- Rest of North America
- Europe
- Norway
- Netherlands
- U.K.
- Rest of Europe
- Asia Pacific
- China
- Japan
- Singapore
- Rest of Asia Pacific
- South & Central America
- Middle East
- Africa

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