Press release
Global Marine Turbine Propulsion Engine Market to grow at a CAGR of 5.11% during the period 2017-2021
The main objective of this report is to define, describe, and forecast the global “Marine Turbine Propulsion Engine” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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About Marine Turbine Propulsion Engine
The first kind of mechanical marine propulsion engine was the steam engine that came into existence during the 19th century. From the 20th century onward, steam engines have been increasingly substituted by two-stroke and four-stroke diesel engines and gas turbine engines. Marine propulsion is the mechanism to generate thrust for the movement of vessels across water bodies. Most modern ships today use mechanical systems that comprise motors or engines turning the propeller. The turbine propulsion technology is one of the many propulsion technologies available and is slowly gaining importance over the diesel propulsion technology. The growth can be attributed to the efficiency and environmental benefits of the turbine propulsion technology.
Technavios analysts forecast the global marine turbine propulsion engine market to grow at a CAGR of 5.11% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global marine turbine propulsion engine market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Marine Turbine Propulsion 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
GE
Hyundai Heavy Industries
Kawasaki Heavy Industries
Mitsubishi Heavy Industries
Rolls-Royce
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Other prominent vendors UEC
Zorya-Mashproekt
Market driver
Surge in commercial shipping
For a full, detailed list, view our report
Market challenge
Deteriorated shipbuilding industry in Greece
For a full, detailed list, view our report
Market trend
Rising adoption of marine hybrid propulsion technology
For a full, detailed list, view our report
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?
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
Market outline
PART 05: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
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PART 06: MARKET SIZING
Market definition
Market size and forecast
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY PRODUCT
Segmentation by product
PART 09: MARKET SEGMENTATION BY END-USER
Segmentation by end-user
Comparison by end-user
Commercial and naval ships Market size and forecast
Leisure ships Market size and forecast
Market opportunity by end-user
PART 10: REGIONAL LANDSCAPE
Geographical segmentation
Regional comparison
APAC Market size and forecast
EMEA Market size and forecast
Americas Market size and forecast
Key leading countries
Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
Market drivers
Market challenges
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PART 13: MARKET TRENDS
Rising adoption of marine hybrid propulsion technology
Emergence of dual-fuel engines
Gradual adoption of LNG over conventional marine fuel
PART 14: VENDOR LANDSCAPE
Competitive scenario
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