Evolving Industry Trends : Marine Propulsion Engine Market Globally Grow at a CAGR of 4.2% by Revenue During the Period 2017-2020

Albany, New York, July 14, 2017 : Recent research and the current scenario as well as future market potential of "Global Marine Propulsion Engine Market 2016-2020" globally.

The first kind of mechanical marine propulsion engines was the steam engines that came into inception during the 19th century. With time, steam engines have been increasingly replaced by two-stroke and four-stroke diesel engines and gas turbine engines from the 20th century onward. The use of LNG (liquefied natural gas) as a fuel in the marine propulsion engine is gaining popularity because of the low-emission advantages it offers over diesel.

Technavios analysts forecast the global marine propulsion engine market to grow at a CAGR of 4.2% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the global marine propulsion engine market for 2016-2020. To calculate the market size, revenue calculated is based on the demand from the shipbuilding industry for the key product segments, namely diesel propulsion engines, gas turbine propulsion engines, and other types of propulsion engines, such as the nuclear-powered propulsion engines.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Thoracic Surgery Market 2016-2020, 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
Hyundai Heavy Industries
MAN Diesel & Turbo
Mitsubishi Heavy Industries
Rolls-Royce
Wrtsil

Other prominent vendors
BP
Dresser-Rand
Doosan
Fairbanks Morse
Hydraulic Marine Systems
Hydrosta
Ingeteam
Masson-Marine
Mercury Marine
Nigata Power Systems
Samsung Heavy Industries
Siemens
Volvo Penta
Yamaha

Market driver
Surge in commercial shipping
For a full, detailed list, view our report

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Market challenge
Collapse of Greek shipbuilding industry
For a full, detailed list, view our report

Market trend
Growing marine hybrid propulsion market
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 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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This release was published on openPR.