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The publisher has been monitoring the hybrid electric marine propulsion engine market and it is poised to grow by $923.76 mn during 2022-2026 progressing at a CAGR of 4.43% during the forecast period. The report on the hybrid electric marine propulsion engine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by stringent emission regulations, volatility in crude oil and natural gas prices, and an increase in maritime trade and fleet size.
The hybrid electric marine propulsion engine market analysis includes application segment and geographic landscape.
The hybrid electric marine propulsion engine market is segmented as below:
By Application
- Commercial
- Leisure
By Geographical Landscape
- APAC
- Europe
- North America
- The Middle East and Africa
- South America
This study identifies the increasing popularity of hybrid turbochargers for marine vessels as one of the prime reasons driving the hybrid electric marine propulsion engine market growth during the next few years. Also, the prospective incorporation of intelligent propulsion systems and the introduction of integrated hybrid electric marine propulsion systems will lead to sizable demand in the market.
The report on the hybrid electric marine propulsion engine market covers the following areas:
- Hybrid electric marine propulsion engine market sizing
- Hybrid electric marine propulsion engine market forecast
- Hybrid electric marine propulsion engine market industry analysis
The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hybrid electric marine propulsion engine market vendors that include ABB Ltd., Aspin Kemp and Associates Inc., BAE Systems Plc, Beta Marine Ltd., Caterpillar Inc., Cummins Inc., Elco Motor Yachts, FNM Marine Diesel Engine, General Electric Co., IHI Corp., Kawasaki Heavy Industries Ltd., Kongsberg Gruppen ASA, Korindo Energy, Leonardo DRS Inc., MAN Energy Solutions SE, Oceanvolt, RENK GmbH, TRANSFLUID S.p.A., Twin Disc Inc., and Wartsila Corp. Also, the hybrid electric marine propulsion engine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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 an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Application
6. Customer Landscape
7. Geographic Landscape
8. Drivers, Challenges, and Trends
9. Vendor Landscape
10. Vendor Analysis
11. Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global hybrid electric marine propulsion engine market: ABB Ltd., Aspin Kemp and Associates Inc., BAE Systems Plc, Beta Marine Ltd., Caterpillar Inc., Cummins Inc., Elco Motor Yachts, FNM Marine Diesel Engine, General Electric Co., IHI Corp., Kawasaki Heavy Industries Ltd., Kongsberg Gruppen ASA, Korindo Energy, Leonardo DRS Inc., MAN Energy Solutions SE, Oceanvolt, RENK GmbH, TRANSFLUID S.p.A., Twin Disc Inc., and Wartsila Corp.Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is increasing popularity of hybrid turbochargers for marine vessels.`
According to the report, one of the major drivers for this market is stringent emission regulations.
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.
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Ltd.
- Aspin Kemp and Associates Inc.
- BAE Systems Plc
- Beta Marine Ltd.
- Caterpillar Inc.
- Cummins Inc.
- Elco Motor Yachts
- FNM Marine Diesel Engine
- General Electric Co.
- IHI Corp.
- Kawasaki Heavy Industries Ltd.
- Kongsberg Gruppen ASA
- Korindo Energy
- Leonardo DRS Inc.
- MAN Energy Solutions SE
- Oceanvolt
- RENK GmbH
- TRANSFLUID S.p.A.
- Twin Disc Inc.
- Wartsila Corp.
