Growth in LNG carriers Driving Demand for Marine Auxiliary Engine Global Market: Competitive Landscape Analysis

“The Global Marine Auxiliary Engine Market to grow at a CAGR of 2.96% during the period 2017-2021.”

About Marine Auxiliary Engine

Marine auxiliary engines are used for generating electricity to power electronic devices and equipment on board marine vessels, whereas the main diesel engine is used for propulsion of the ship. Initially, steam turbines were used for marine propulsion, later they were replaced by diesel, Liquefied Natural Gas (LNG), nuclear, and other fuels.

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Covered in this report

The report covers the present scenario and the growth prospects of the global marine auxiliary engine market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of marine auxiliary engines.

Key questions answered in this report:

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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Global Marine Auxiliary Engine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors:

• Caterpillar
• Cummins
• Doosan Infracore
• Wärtsilä
• Yanmar

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Other prominent vendors:
1. Volvo Penta
2. Daihatsu
3. SCANIA
4. Megatech Power
5. John Deere
6. Kubota
7. GE
8. MTU
9. Perkins
10. Mitsubishi Heavy Industries

Market driver
- Energy demand fueling growth of FPSO vessels
- Increase in seaborne trade

Market challenge
- Stringent emission regulations
- Threat from shaft generators

Market trend
- Emergence of turbochargers in marine auxiliary engines
- Waste heat recovery system in vessels

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The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

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