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The hybrid electric marine propulsion engine market is forecasted to grow by USD 887.8 million during 2023-2028, accelerating at a CAGR of 4.02% 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 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 increase in maritime trade and fleet size.
The hybrid electric marine propulsion engine market is segmented as below:
By Application
- Commercial
- Leisure
By End-user
- Tugboats
- Offshore support vehicles
- Ferries
- Others
By Geography
- APAC
- Europe
- North America
- Middle East and Africa
- South America
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 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 report 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 the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized 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., General Dynamics Corp., General Electric Co., IHI Aerospace Co. Ltd., Kawasaki Heavy Industries Ltd., Kongsberg Gruppen ASA, Korindo Energy, Leonardo DRS Inc., Oceanvolt, Porsche Automobil Holding SE, RENK GmbH, Roper Technologies Inc., 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 the 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 (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Aspin Kemp and Associates Inc.
- BAE Systems Plc
- Beta Marine Ltd.
- Caterpillar Inc.
- Cummins Inc.
- General Dynamics Corp.
- General Electric Co.
- IHI Aerospace Co. Ltd.
- Kawasaki Heavy Industries Ltd.
- Kongsberg Gruppen ASA
- Korindo Energy
- Leonardo DRS Inc.
- Oceanvolt
- Porsche Automobil Holding SE
- RENK GmbH
- Roper Technologies Inc.
- TRANSFLUID S.p.A.
- Twin Disc Inc.
- Wartsila Corp.
