What is Marine Generators Market?
Marine Generator is a generator found on the boat that converts mechanical energy to electric energy usually gasoline or diesel. Mainly, marine generator consists of engine, alternator, and control. These generators are specifically designed for the challenges of the marine environment. The Marine Generator is expected to rise in the forecasted period owing to increased commercial vessels and growing trade activity around the globe.
The market study is being classified by Type (Marine Propulsion Engines and Marine Generator Set), by Application (Commercial Transportation and Ocean Vessel) and major geographies with country level break-up.
ABB (Switzerland), Cummins Inc. (United Kingdom), Mitsubishi Motor Corporation (Japan), Toshiba Corporation (Japan), Siemens (Germany), Kohler Power Systems (United States), TECO-Westinghouse Motor Company (United States), ASMO (North America), Maxon motor (Switzerland), Rockwell Automation (United States), Mase Generators of North America, LLC (United States) and CAT (Australia) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Nidec Motor Corporation (Japan), SEC Electric Machinery Co., Ltd (China) and XIANGTAN ELECTRIC (China).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Marine Generators market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Marine Generators market by Type, Application and Region.
On the basis of geography, the market of Marine Generators 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand in Commercial Segment
- Growing Trade Activity Around the Globe
- Increase in Need of the Shipbuilding Industry
- Innovation and Development in Marine Generator
- Stringent Regulation Regarding Emission Control
- Positive Outlook Towards the Seaborne Industry
- Competition From Low-Cost Vendors
Market Leaders and some development strategies
In July 2018, Cummins a global leader in engines and power generator system announces its Acquisition of Electric and Hybrid Powertrain Provider.
According to Emission Standard- “Emissions from marine diesel engines (compression ignition engines) have been regulated through a number of rules—the first one issued in 1999—applicable to different engine categories.” The Major Regulatory acts which establish standards for the marine engine includes 1999 Marine Engine Rule, 2002 Recreational Engine Rule, 2003 Category 3 Engine Rule, 2008 Category ½ Engine Rule and 2009 Category 3 Engine Rule.
Key Target AudienceMarine Generator Manufacturers, Ship-Building Companies, Marine Generator parts Suppliers, Government and Industry Associations, Investment and Consulting Firms and Others