"Global Hybrid Electric Marine Propulsion Engine Market" Report by Adroit Market Research“Global Hybrid Electric Marine Propulsion Engine Market” report analysed by Adroit Market Research, provides the size and Share along with the factors and parameters. The study ensures a 360° view, bringing out the complete key insights of the Hybrid Electric Marine Propulsion Engine industry.
Expanding shipping industry is boosting the growth of global Hybrid Electric Marine Propulsion Engine Market. The global Hybrid Electric Marine Propulsion Engine Market size is anticipated to reach $ 708.6 million by 2025with a notable CAGR of 7.3% over the forecast period, due to the several investments by government in inland waterways and shipbuilding sector.
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Moreover, the Hybrid Electric Marine Propulsion Engine Industry is majorly driven by increasing production & sale of ships as well a growth in seaborne trade. Value for resources such as coal, crude oil, iron and steel in the developing countries further helps fueling the growth of Hybrid Electric Marine Propulsion Engine Market. Strict environmental guidelines & rules and investment needed to set up new facilities of manufacturing will affect the Hybrid Electric Marine Propulsion Engine Market growth. Developments in technology and the increase in the use of waterways are projected to provide several occasions for products and expand the growth of Hybrid Electric Marine Propulsion Engine Industry.
Major players focusing over increasing the Hybrid Electric Marine Propulsion Engine Market size include
Cummins,
Caterpillar,
Scania,
Rolls-Royce,
General Electric Company,
Masson-Marine,
Hyundai Heavy Industries,
Fairbanks Morse Engine,
MAN Diesel & Turbo
Nigata Power Systems
Increasing investments in systems of marine propulsion due to rise in seaborne trade:
Value for systems of marine propulsion in coastal as well as inland waterways has increased substantially. Trade through waterways and value for fuel-efficient systems are increasing, estimated to drive the growth of Hybrid Electric Marine Propulsion Engine Industry in the coming years. Shares in the expansion of shipping services worldwide are fueling the Hybrid Electric Marine Propulsion Engine Market. Increase in coastal trade through marine route is boosting the growth of hybrid electric marine propulsion engine systems during the forecast period.
The most extensively used technology configuration in the hybrid electric marine propulsion systems is diesel-electric systems. Diesel-electric configuration remains the leading product in the market, serial and parallel systems are expected to experience growth in the coming years. The outlook of investment for hybrid electric marine propulsion systems is helpful across the world with a preference for ferry installations and tugboats. However, use of diesel-electric systems in the marine propulsion will upsurge the growth of Hybrid Electric Marine Propulsion Engine Market.
Transmission of energy in a system of hybrid electric propulsion are driven by propulsion and electric that results in a reduction of consumption of fuels. Reductions of cost provided by hybrid systems provide the advantage making proposal for Hybrid Electric Marine Propulsion Engine Market. Hence, by reducing the consumption of fuel in marine propulsion engine will help in scaling up the Hybrid Electric Marine Propulsion Engine Industry.
Topographically, regions involved in the development of Hybrid Electric Marine Propulsion Engine Market are North America (Canada, U.S and Mexico), Asia Pacific (South Korea, China, Japan and Rest of Asia Pacific), Europe (Romania, Norway, Italy, Germany and Rest of Europe), Latin America and Middle East & Africa.
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*Key Segments of the Global Hybrid Electric Marine Propulsion Engine Market:
1] On the Basis of types, Hybrid Electric Marine Propulsion Engine Market splits into following;
< 150 kW
151-500 kW
501-750 kW
2] On the basis of Applications, Hybrid Electric Marine Propulsion Engine Industry splits into:
Commercial
Leisure
3] Regional Overview of Hybrid Electric Marine Propulsion Engine Industry:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
**Some TOC Points from Hybrid Electric Marine Propulsion Engine Industry Report:
Chapter 1 Executive Summary
Chapter 2 Research Methodology
Research approach
Scope, definition, and assumptions
Data sources
Chapter 3 Hybrid Electric Marine Propulsion Engine Market Outlook
Introduction
Key trends
Market drivers
Market restraints
Market opportunities
Porter’s Five Forces’ analysis
Value chain analysis
Chapter 4 Global Hybrid Electric Marine Propulsion Engines Market Overview, by Capacity
151-500 kW
501-750 kW
Chapter 5 Global Hybrid Electric Marine Propulsion Engines Market Overview, by Application
Commercial
Leisure
Chapter 6 Global Hybrid Electric Marine Propulsion Engines Market Overview, by Region
Chapter 7 Industry Structure
Chapter 8 Company Profiles
…Continued
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***List of Figures present in the Report:
Market segmentation
Research Programs/Design
Porter’s Five Forces’ analysis
Global Hybrid electric marine propulsion engines Consumption and Growth Rate Comparison by Capacity (2015-2025) (Units)
Global Hybrid electric marine propulsion engines Consumption and Growth Rate Comparison by Capacity (2015-2025) (USD Million)
Global Hybrid electric marine propulsion engines Consumption and Growth Rate Comparison by Application (2015-2025) (Units)
Global Hybrid electric marine propulsion engines Consumption and Growth Rate Comparison by Application (2015-2025) (Units)
Global Hybrid electric marine propulsion engines Consumption and Growth Rate Comparison by Region (2015-2025) (Units)
Global Hybrid electric marine propulsion engines Consumption and Growth Rate Comparison by Region (2015-2025) (USD Million)
Major players manufacturing bases and geographic presence
…Continued
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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