Global Marine Hybrid Propulsion Market Overview:
Mechanic and electric power work together in the propulsion train, optimizing the propulsion efficiency for ships through a flexible power demand. A mixture of electrical power delivered by electrical motors coupled with mechanical power which is provided by diesel engines delivers propulsion power, which ensures the ship a broad operational capability. Hence, it provide the right amount of power and torque to the propeller in each operation method. However, a diesel-mechanic propulsion system is often designed according to its maximum power demand. Some of the key players profiled in the study are Cummins Inc. (United States), AB Volvo Penta (Sweden), General Electric (United States), Rolls-Royce Plc (United Kingdom), Nigata Power Systems Co., Ltd. (Japan), Fairbanks Morse Engine (United States), Caterpillar Inc. (United States), BAE Systems plc (United Kingdom), Wartsila Corporation (Finland) and MAN Diesel & Turbo SE (Germany).
On the basis of geography, the market of Marine Hybrid Propulsion has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Rating, the sub-segment i.e. 0 To 300 KW will boost the Marine Hybrid Propulsion market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Stroke, the sub-segment i.e. Two Stroke will boost the Marine Hybrid Propulsion market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Tugboats will boost the Marine Hybrid Propulsion market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Growth in Sales and Production of Ships across the World
- Rising International Seaborne Trade
- Increasing Usage of Inland Waterways Along With Technological Advancements
- Huge Capital Investments Needed To Install New Manufacturing Facilities
- Rising Need of Resources Such As Coal, Crude Oil, Iron, and Steel from Emerging Economies
- Stringent Environmental Regulations & Rules
Major Market Developments:
On Feb 18, 2019 - MAN Energy Solutions unveiled its new TCT turbocharger series. Axial TCT series specifically optimised for Tier III operation, suitable for both conventional and dual-fueled, two- and four-stroke engines.
Manufacturers of Marine Hybrid Propulsion, Suppliers of Marine Hybrid Propulsion Parts, Distributors of Marine Hybrid Propulsion, Marine Industry, Governmental Bodies and Research Firms
Major Objectives Focused through this Study
To define, describe, and forecast the Global Marine Hybrid Propulsion market on the basis of product [Diesel-Electric, Parallel Electric and Serial Hybrid] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Marine Hybrid Propulsion market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Marine Hybrid Propulsion industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Steyr Motors GmbH (Austria), Torqeedo GmbH (Germany), Masson-Marine S.A.S (France) and Schottel Group (Germany).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Marine Hybrid Propulsion market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.