+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Global Hybrid Electric Marine Propulsion Engine Market 2022-2026

  • PDF Icon

    Report

  • 120 Pages
  • March 2022
  • Region: Global
  • TechNavio
  • ID: 5008952
1h Free Analyst Time
1h Free Analyst Time

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

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.

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
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning
2. Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4. Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5. Market Segmentation by Application
5.1 Market segments
Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application
5.3 Commercial - Market size and forecast 2021-2026
Exhibit 28: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Commercial - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
5.4 Leisure - Market size and forecast 2021-2026
Exhibit 32: Chart on Leisure - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Leisure - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Leisure - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Leisure - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Application
Exhibit 36: Market opportunity by Application ($ million)
6. Customer Landscape
6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 North America - Market size and forecast 2021-2026
Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.6 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.8 China - Market size and forecast 2021-2026
Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
7.9 US - Market size and forecast 2021-2026
Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
7.10 Norway - Market size and forecast 2021-2026
Exhibit 70: Chart on Norway - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Norway - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Norway - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Norway - Year-over-year growth 2021-2026 (%)
7.11 South Korea - Market size and forecast 2021-2026
Exhibit 74: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on South Korea - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
7.12 Japan - Market size and forecast 2021-2026
Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity By Geographical Landscape
Exhibit 82: Market opportunity By Geographical Landscape ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9. Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business
10. Vendor Analysis
10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 BAE Systems Plc
Exhibit 89: BAE Systems Plc - Overview
Exhibit 90: BAE Systems Plc - Business segments
Exhibit 91: BAE Systems Plc - Key offerings
Exhibit 92: BAE Systems Plc - Segment focus
10.4 Beta Marine Ltd.
Exhibit 93: Beta Marine Ltd. - Overview
Exhibit 94: Beta Marine Ltd. - Product / Service
Exhibit 95: Beta Marine Ltd. - Key offerings
10.5 Caterpillar Inc.
Exhibit 96: Caterpillar Inc. - Overview
Exhibit 97: Caterpillar Inc. - Business segments
Exhibit 98: Caterpillar Inc. - Key offerings
Exhibit 99: Caterpillar Inc. - Segment focus
10.6 Cummins Inc.
Exhibit 100: Cummins Inc. - Overview
Exhibit 101: Cummins Inc. - Business segments
Exhibit 102: Cummins Inc. - Key offerings
Exhibit 103: Cummins Inc. - Segment focus
10.7 Elco Motor Yachts
Exhibit 104: Elco Motor Yachts - Overview
Exhibit 105: Elco Motor Yachts - Product / Service
Exhibit 106: Elco Motor Yachts - Key offerings
10.8 FNM Marine Diesel Engine
Exhibit 107: FNM Marine Diesel Engine - Overview
Exhibit 108: FNM Marine Diesel Engine - Product / Service
Exhibit 109: FNM Marine Diesel Engine - Key offerings
10.9 General Electric Co.
Exhibit 110: General Electric Co. - Overview
Exhibit 111: General Electric Co. - Business segments
Exhibit 112: General Electric Co. - Key news
Exhibit 113: General Electric Co. - Key offerings
Exhibit 114: General Electric Co. - Segment focus
10.10 MAN Energy Solutions SE
Exhibit 115: MAN Energy Solutions SE - Overview
Exhibit 116: MAN Energy Solutions SE - Product / Service
Exhibit 117: MAN Energy Solutions SE - Key offerings
10.11 Oceanvolt
Exhibit 118: Oceanvolt - Overview
Exhibit 119: Oceanvolt - Product / Service
Exhibit 120: Oceanvolt - Key offerings
10.12 Wartsila Corp.
Exhibit 121: Wartsila Corp. - Overview
Exhibit 122: Wartsila Corp. - Business segments
Exhibit 123: Wartsila Corp. - Key news
Exhibit 124: Wartsila Corp. - Key offerings
Exhibit 125: Wartsila Corp. - Segment focus
11. Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 126: Inclusions checklist
Exhibit 127: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 128: Currency conversion rates for US$
11.4 Research methodology
Exhibit 129: Research methodology
Exhibit 130: Validation techniques employed for market sizing
Exhibit 131: Information sources
11.5 List of abbreviations
Exhibit 132: List of abbreviations

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 17: Five forces analysis - Comparison between2021 and 2026
Exhibits 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on Application - Market share 2021-2026 (%)
Exhibits 25: Data Table on Application - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by Application
Exhibits 27: Data Table on Comparison by Application
Exhibits 28: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
Exhibits 29: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
Exhibits 30: Chart on Commercial - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on Leisure - Market size and forecast 2021-2026 ($ million)
Exhibits 33: Data Table on Leisure - Market size and forecast 2021-2026 ($ million)
Exhibits 34: Chart on Leisure - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on Leisure - Year-over-year growth 2021-2026 (%)
Exhibits 36: Market opportunity by Application ($ million)
Exhibits 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 40: Chart on Geographic comparison
Exhibits 41: Data Table on Geographic comparison
Exhibits 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 52: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibits 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibits 64: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits 66: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibits 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibits 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits 69: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits 70: Chart on Norway - Market size and forecast 2021-2026 ($ million)
Exhibits 71: Data Table on Norway - Market size and forecast 2021-2026 ($ million)
Exhibits 72: Chart on Norway - Year-over-year growth 2021-2026 (%)
Exhibits 73: Data Table on Norway - Year-over-year growth 2021-2026 (%)
Exhibits 74: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
Exhibits 75: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
Exhibits 76: Chart on South Korea - Year-over-year growth 2021-2026 (%)
Exhibits 77: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
Exhibits 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibits 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibits 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibits 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
Exhibits 82: Market opportunity By Geographical Landscape ($ million)
Exhibits 83: Impact of drivers and challenges in 2021 and 2026
Exhibits 84: Overview on Criticality of inputs and Factors of differentiation
Exhibits 85: Overview on factors of disruption
Exhibits 86: Impact of key risks on business
Exhibits 87: Vendors covered
Exhibits 88: Matrix on vendor position and classification
Exhibits 89: BAE Systems Plc - Overview
Exhibits 90: BAE Systems Plc - Business segments
Exhibits 91: BAE Systems Plc - Key offerings
Exhibits 92: BAE Systems Plc - Segment focus
Exhibits 93: Beta Marine Ltd. - Overview
Exhibits 94: Beta Marine Ltd. - Product / Service
Exhibits 95: Beta Marine Ltd. - Key offerings
Exhibits 96: Caterpillar Inc. - Overview
Exhibits 97: Caterpillar Inc. - Business segments
Exhibits 98: Caterpillar Inc. - Key offerings
Exhibits 99: Caterpillar Inc. - Segment focus
Exhibits 100: Cummins Inc. - Overview
Exhibits 101: Cummins Inc. - Business segments
Exhibits 102: Cummins Inc. - Key offerings
Exhibits 103: Cummins Inc. - Segment focus
Exhibits 104: Elco Motor Yachts - Overview
Exhibits 105: Elco Motor Yachts - Product / Service
Exhibits 106: Elco Motor Yachts - Key offerings
Exhibits 107: FNM Marine Diesel Engine - Overview
Exhibits 108: FNM Marine Diesel Engine - Product / Service
Exhibits 109: FNM Marine Diesel Engine - Key offerings
Exhibits 110: General Electric Co. - Overview
Exhibits 111: General Electric Co. - Business segments
Exhibits 112: General Electric Co. - Key news
Exhibits 113: General Electric Co. - Key offerings
Exhibits 114: General Electric Co. - Segment focus
Exhibits 115: MAN Energy Solutions SE - Overview
Exhibits 116: MAN Energy Solutions SE - Product / Service
Exhibits 117: MAN Energy Solutions SE - Key offerings
Exhibits 118: Oceanvolt - Overview
Exhibits 119: Oceanvolt - Product / Service
Exhibits 120: Oceanvolt - Key offerings
Exhibits 121: Wartsila Corp. - Overview
Exhibits 122: Wartsila Corp. - Business segments
Exhibits 123: Wartsila Corp. - Key news
Exhibits 124: Wartsila Corp. - Key offerings
Exhibits 125: Wartsila Corp. - Segment focus
Exhibits 126: Inclusions checklist
Exhibits 127: Exclusions checklist
Exhibits 128: Currency conversion rates for US$
Exhibits 129: Research methodology
Exhibits 130: Validation techniques employed for market sizing
Exhibits 131: Information sources
Exhibits 132: List of abbreviations

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.