Global Hybrid Electric Marine Propulsion Engine Market 2017-2021

  • ID: 4319176
  • Report
  • Region: Global
  • 66 pages
  • TechNavio
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FEATURED COMPANIES

  • Beta Marine
  • Cummins
  • GE
  • Leonardo DRS
  • Oceanvolt
  • STEYR MOTORS
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

About Hybrid Electric Marine Propulsion Engine

A diesel-electric propulsion system with the provision for additional storage of electrical devices and enhanced controls is known as a hybrid electric propulsion system. The key components of a hybrid electric system include: Electric motor, Generator, Electrical storage devices, Charging system for these electrical devices, and Control system. Other components include an engine that is either fueled by diesel or gasoline. At present, a more environment-friendly and cleaner fuel, liquefied natural gas (LNG), is being increasingly used by commercial vessels.

The analysts forecast the global hybrid electric marine propulsion engine market to grow at a CAGR of 7.25% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global hybrid electric marine propulsion engine market for 2017-2021. To calculate the market size, 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

The report, Global Hybrid Electric Marine 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

  • Caterpillar
  • MAN Diesel & Turbo
  • Mitsubishi Heavy Industries
  • Rolls-Royce
  • Wärtsilä

Other prominent vendors

  • Cummins
  • Hybrid Marine
  • STEYR MOTORS
  • Elco Motor Yachts
  • Oceanvolt
  • Beta Marine
  • Leonardo DRS
  • GE

Market drivers

  • Surge in commercial shipping
  • For a full, detailed list, view the full report

Market challenges

  • Collapsing Greek shipbuilding industry
  • For a full, detailed list, view the full report

Market trends

  • Emergence of dual-fuel engines
  • For a full, detailed list, view the full 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.

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FEATURED COMPANIES

  • Beta Marine
  • Cummins
  • GE
  • Leonardo DRS
  • Oceanvolt
  • STEYR MOTORS
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market size and forecast
  • Brief overview of the global marine propulsion engine market
  • Five forces analysis
PART 06: Market segmentation by end-user
  • Market overview
  • Commercial ships
  • Leisure ships
PART 07: Geographical segmentation
  • Market overview
  • APAC
  • EMEA
  • Americas
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Gradual adoption of LNG over conventional marine fuel
  • Emergence of dual-fuel engines
PART 11: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 12: Key vendor analysis
  • Caterpillar
  • MAN Diesel & Turbo
  • Mitsubishi Heavy Industries
  • Rolls-Royce
  • Wärtsilä
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Types of marine hybrid systems
Exhibit 02: Impact of global hybrid electric marine propulsion engine market on overall marine propulsion engine market
Exhibit 03: Five forces analysis
Exhibit 04: Global hybrid electric marine propulsion engine market: End-user segmentation 2016 and 2021 (% share)
Exhibit 05: Global hybrid electric marine propulsion engine market in commercial ships 2016-2021 ($ millions)
Exhibit 06: Global hybrid electric marine propulsion engine market in leisure ships 2016-2021 ($ millions)
Exhibit 07: Global hybrid electric marine propulsion engine market: Geographical segmentation 2016 and 2021 (% share)
Exhibit 08: Hybrid electric marine propulsion engine market in APAC 2016-2021 ($ millions)
Exhibit 09: Hybrid electric marine propulsion engine market in EMEA 2016-2021 ($ millions)
Exhibit 10: Hybrid electric marine propulsion engine market in the Americas 2016-2021 ($ millions)
Exhibit 11: Global trends in the world marine fish stocks 1986-2011
Exhibit 12: Key vendors in global hybrid electric marine propulsion engine market
Exhibit 13: Key highlights for vendors
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FEATURED COMPANIES

  • Beta Marine
  • Cummins
  • GE
  • Leonardo DRS
  • Oceanvolt
  • STEYR MOTORS
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: – Global Hybrid Electric Marine Propulsion Engine Market 2017-2021

The author of the report recognizes the following companies as the key players in the global hybrid electric marine propulsion engine market: Caterpillar, MAN Diesel & Turbo, Mitsubishi Heavy Industries, Rolls-Royce, and Wärtsilä.

Other Prominent Vendors in the market are: Cummins, Hybrid Marine, STEYR MOTORS, Elco Motor Yachts, Oceanvolt, Beta Marine, Leonardo DRS, and GE.

Commenting on the report, an analyst from the research team said: “One trend in the market is emergence of dual-fuel engines. Dual-fuel engines use both liquid and gaseous fuels for operations. These dual-fuel engines mix intake air with natural gas, which is ignited by the diesel. The natural gas gradually replaces the diesel with a substitution rate of 50%-70%.”

According to the report, one driver in the market is surge in commercial shipping. The growth of commercial shipping worldwide is directly influenced by globalization. As economies worldwide are interlinked, the world trade volume is influenced by the global economic conditions. International trade rises along with the economic expansion, wherein seaborne trade plays a central role. Therefore, economic development and growth have resulted in enormous opportunities for the marine industry, especially due to the global demand and supply of commodities and manufactured goods.

Further, the report states that one challenge in the market is collapsing Greek shipbuilding industry. The Eurozone crisis has had a significant impact on the shipbuilding industry in Greece, which has dominated the global shipping trade from the 1960s. The EU's stimulus package and the International Monetary Fund bailout have given a new lease of life to the nation, which suffered from the debilitating effects of surging borrowing costs and austerity measures attached to previous EU bailouts. However, the effects of the crisis will continue for some more years.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

  • Beta Marine
  • Caterpillar
  • Cummins
  • Elco Motor Yachts
  • GE
  • Hybrid Marine
  • Leonardo DRS
  • MAN Diesel & Turbo
  • Mitsubishi Heavy Industries
  • Oceanvolt
  • Rolls-Royce
  • STEYR MOTORS
  • Wärtsilä
Note: Product cover images may vary from those shown
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