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Marine Hybrid Propulsion Global Market Report 2021: COVID-19 Impact and Recovery

  • ID: 5411786
  • Report
  • August 2021
  • Region: Global
  • 175 pages
  • The Business Research Company

FEATURED COMPANIES

  • ABB Ltd
  • Beta Marine
  • General Electric Company
  • Nanni Diesel
  • Schottel
  • Steyr Motors
Marine Hybrid Propulsion Global Market Report 2021: COVID-19 Impact and Recovery provides the strategists, marketers and senior management with the critical information they need to assess the global marine hybrid propulsion market.



This report focuses on marine hybrid propulsion market which is experiencing strong growth. The report gives a guide to the marine hybrid propulsion market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for marine hybrid propulsion? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Marine Hybrid Propulsion market global report from the publisher answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider marine hybrid propulsion market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The marine hybrid propulsion market section of the report gives context. It compares the marine hybrid propulsion market with other segments of the marine hybrid propulsion market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, marine hybrid propulsion indicators comparison.

Scope

Markets Covered:

1) By Propulsion Type: By Propulsion Type; Diesel-Electric; Parallel Hybrid; Serial Hybrid; Full Electric; Gas Turbine; Fuel cell
2) By Ship Type: Anchor Handling Tug Supply Vessels; Platform Supply Vessels; Yachts; Motor Ferry; Cruise Liner; Others
3) By Power Rating: 0-300 KW; 301-500KW; 501KW-800KW
4) By Application: Commercial; Logistics; Offshore Drilling; Naval; Others

Companies Mentioned:

BAE Systems; Schottel; MAN Energy Solutions; Siemens; ABB Ltd

Countries:

Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions:

Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series:

Five years historic and ten years forecast.

Data:

Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data Segmentations:

country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing:

Data and analysis throughout the report is sourced using end notes.

This report will be delivered within 1-3 business days.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd
  • Beta Marine
  • General Electric Company
  • Nanni Diesel
  • Schottel
  • Steyr Motors
1. Executive Summary

2. Marine Hybrid Propulsion Market Characteristics

3. Marine Hybrid Propulsion Market Trends and Strategies

4. Impact Of COVID-19 On Marine Hybrid Propulsion

5. Marine Hybrid Propulsion Market Size and Growth
5.1. Global Marine Hybrid Propulsion Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Marine Hybrid Propulsion Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market

6. Marine Hybrid Propulsion Market Segmentation
6.1. Global Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Diesel-Electric
  • Parallel Hybrid
  • Serial Hybrid
  • Full Electric
  • Gas Turbine
  • Fuel cell
6.2. Global Marine Hybrid Propulsion Market, Segmentation by Ship Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Anchor Handling Tug Supply Vessels
  • Platform Supply Vessels
  • Yachts
  • Motor Ferry
  • Cruise Liner
  • Others
6.3. Global Marine Hybrid Propulsion Market, Segmentation by Power Rating, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
0-300 KW
301-500KW
501KW-800KW
6.4. Global Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Commercial
  • Logistics
  • Offshore Drilling
  • Naval
  • Others
7. Marine Hybrid Propulsion Market Regional and Country Analysis
7.1. Global Marine Hybrid Propulsion Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Marine Hybrid Propulsion Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Marine Hybrid Propulsion Market
8.1. Asia-Pacific Marine Hybrid Propulsion Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Marine Hybrid Propulsion Market
9.1. China Marine Hybrid Propulsion Market Overview
9.2. China Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Marine Hybrid Propulsion Market
10.1. India Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Marine Hybrid Propulsion Market
11.1. Japan Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Marine Hybrid Propulsion Market
12.1. Australia Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Marine Hybrid Propulsion Market
13.1. Indonesia Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Marine Hybrid Propulsion Market
14.1. South Korea Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Marine Hybrid Propulsion Market
15.1. Western Europe Marine Hybrid Propulsion Market Overview
15.2. Western Europe Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Marine Hybrid Propulsion Market
16.1. UK Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Marine Hybrid Propulsion Market
17.1. Germany Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Marine Hybrid Propulsion Market
18.4. France Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Marine Hybrid Propulsion Market
19.1. Eastern Europe Marine Hybrid Propulsion Market Overview
19.2. Eastern Europe Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Marine Hybrid Propulsion Market
20.1. Russia Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Marine Hybrid Propulsion Market
21.1. North America Marine Hybrid Propulsion Market Overview
21.2. North America Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Marine Hybrid Propulsion Market
22.1. USA Marine Hybrid Propulsion Market Overview
22.2. USA Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Marine Hybrid Propulsion Market
23.1. South America Marine Hybrid Propulsion Market Overview
23.2. South America Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Marine Hybrid Propulsion Market
24.1. Brazil Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Marine Hybrid Propulsion Market
25.1. Middle East Marine Hybrid Propulsion Market Overview
25.2. Middle East Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Marine Hybrid Propulsion Market
26.1. Africa Marine Hybrid Propulsion Market Overview
26.2. Africa Marine Hybrid Propulsion Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Marine Hybrid Propulsion Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Marine Hybrid Propulsion Market Competitive Landscape and Company Profiles
27.1. Marine Hybrid Propulsion Market Competitive Landscape
27.2. Marine Hybrid Propulsion Market Company Profiles
27.2.1. BAE Systems
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Schottel
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. MAN Energy Solutions
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Siemens
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. ABB Ltd
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers and Acquisitions in the Marine Hybrid Propulsion Market

29. Marine Hybrid Propulsion Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd
  • Beta Marine
  • General Electric Company
  • Nanni Diesel
  • Schottel
  • Steyr Motors
Major players in the market are BAE Systems, Schottel, MAN Energy Solutions, Siemens, ABB Ltd, General Electric Company, Steyr Motors, Mitsubishi Heavy Industries, Torqeedo, and Wartsila Corporation.

The global marine hybrid propulsion market is expected to grow from $2.88 billion in 2020 to $3.10 billion in 2021 at a compound annual growth rate (CAGR) of 7.5%. The growth is mainly due to the increase in international trade, expanding shipbuilding industry, rising demand for electric propulsion technology, and rising shift from conventional to hybrid propulsion units. The market is expected to reach $5.02 billion in 2025 at a CAGR of 12.8%.

The marine hybrid propulsion market consists of sales of marine hybrid propulsion systems by entities (organizations, sole traders, and partnerships) that manufacture marine hybrid propulsion systems. Hybrid propulsion is a propulsion system for a vehicle that involves two or more sources of propulsion in one design usually that can be used collectively or alternately. Hybrid propulsion improves the fuel efficiency of vessels with variable power demand such as tug boats, fishing vessels, and others.

The main propulsion types of marine hybrid propulsion are diesel-electric, parallel hybrid, serial hybrid, full electric, gas turbine, and fuel cell. A diesel-electric propulsion system can employ a single engine to drive several propellers or several engines to power one or more propellers. Electric propulsion is widely used in specific vessel designs. Diesel engines provide approximately 90% of the energy in marine applications. In parallel hybrid propulsion system, the engine and electric motor work in tandem to generate the power that drives the wheels. When power demands are low, parallel hybrids utilize the motor as a generator for supplemental recharging. The serial hybrid system uses a single electric motor and can both generate power and store energy. The system optimizes fuel consumption with a constant-speed generator engine. Full electric propulsion systems utilize electrical power to drive propeller blades for propulsion. Normally electrical propulsion is used in small vessel but now a day shipping companies are adopting this system for big size cargo vessel as well. Gas turbine propulsion systems is a type of continuous and internal combustion engine that pulls together all of the systems and subsystems associated with gas turbine engines in aircraft and marine warship applications. Fuel cell propulsion systems are similar to that of electric vehicles, where energy stored as hydrogen is converted to electricity by the fuel cell. The different types of ships include anchor handling tug supply vessels, platform supply vessels, yachts, motor ferry, cruise liner, others and operates in various power ranges such as 0-300 KW, 301-500KW, 501KW-800KW. It is used in commercial, logistics, offshore drilling and naval, and other applications.

Europe was the largest region in the marine hybrid propulsion market in 2020 The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The launch of integrated propulsion systems has emerged as a key trend in the marine hybrid propulsion market. Major players operating in the marine hybrid propulsion field are focusing on introducing new hybrid propulsion systems to improve performance, environmental compatibility, and propulsion system versatility. For instance, in November 2020, Havyard, a Norwegian shipbuilding group announced that its new hydrogen propulsion system for large ocean-going ships should be completed next year as a potential alternative fuel to help reduce its carbon footprint. It has developed a ship’s propulsion systems with integrated LH2 tank and fuel cells.

In June 2020, Gula Skrinet AB, a global supplier of customized marine propulsion systems acquired Caterpillar Propulsion AB for an undisclosed amount. The proposed acquisition develops Gula Skrinet AB’s external relationships, products, and services in close cooperation with customers and partners. Caterpillar Propulsion AB is a Sweden-based manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships.

An increase in international trade is contributing to the growth of the marine hybrid propulsion market. Most of the internationally traded goods are transported using cargo vessels and ships. Hybrid propulsion improves the fuel efficiency of vessels with variable power demands. According to the International Chamber of Shipping, in 2019, the total value of the annual world shipping trade had reached more than $14 trillion. Moreover, nearly 2 billion tons of crude oil, 1 billion tons of iron ore, 350 million tons of grains, and 11 billion tons of goods are transported by ship each year and about 90% of the world trade is carried by the shipping industry. Thus, the surge in international trade boosts the number of cargo vessels and ships fleet and which in turn, drives the market for marine hybrid propulsion.

The countries covered in the marine hybrid propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • BAE Systems
  • Schottel
  • MAN Energy Solutions
  • Siemens
  • ABB Ltd
  • General Electric Company
  • Steyr Motors
  • Mitsubishi Heavy Industries
  • Torqeedo
  • Wartsila Corporation
  • Yanmar
  • Cummins
  • Volvo Penta
  • Beta Marine
  • Oceanvolt
  • TRANSFLUID
  • Nanni Diesel
Note: Product cover images may vary from those shown

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