From diesel propulsion product marine propulsion engine market engine market size was upwards of USD 6 billion in 2015, it will grow at 4.2% CAGR estimation over the next eight years. This can be attributed to significant improvements in various technologies such as firing pressures, fuel injection technology, turbo-charging efficiency and brake mean effective pressure.
Marine Propulsion Engine market research report includes in-depth coverage of the industry, with estimates &forecast in terms of revenue in USD million from 2013 to 2024
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High demand for operationally dependable and fuel efficient ships will drive the marine propulsion engine market share over the forecast timeline. Rapid innovation has led to the development of new energy efficient and high performance products. Industry participants such as Rolls-Royce and Wärtsilä have continuously innovated and extended their product offerings to cater to growing demand for capacity handling.
Stringent emission regulations by International Convention for Prevention of Pollution (MARPOL) may hinder the marine propulsion engine market size over the forecast timeline. MARPOL regulations are principally applied for marine environment protection. Violations caused due to chemical spills, exhaust gases leading to air pollution, and contamination of oil and sewage waste may lead to severe penalties.
Significant investments by China and South Korea will drive Asia Pacific marine propulsion engine market share. The regional industry was valued at more than USD 4.5 billion in 2015 and will grow at 4.8% CAGR.
Marine propulsion engine market share is dominated by companies such as MAN Diesel, Rolls Royce, Mitsubishi, and Wärtsilä. The industry is characterized by long term contracts and frequent mergers &acquisitions to achieve competitive advantage.
Browse key industry insights spread across 103 pages with 32 market data tables & 27 figures & charts from the report, “Marine Propulsion Engine Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/marine-propulsion-engine-market
Glimpse of Table of Content (ToC): –
Chapter 4. Marine Propulsion Engine Product Insights
4.1. Marine propulsion engine market share by product, 2015 & 2024
4.2. Diesel Propulsion
4.2.1 Market estimates and forecast, 2013 – 2024
4.2.2 Market estimates and forecast, by region, 2013 – 2024
4.3. Wind & Solar Propulsion
4.3.1 Market estimates and forecast, 2013 – 2024
4.3.2 Market estimates and forecast, by region, 2013 – 2024
4.4. Gas Turbine Propulsion
4.4.1 Market estimates and forecast, 2013 – 2024
4.4.2 Market estimates and forecast, by region, 2013 – 2024
4.5. Fuel Cell Propulsion
4.5.1 Market estimates and forecast, 2013 – 2024
4.5.2 Market estimates and forecast, by region, 2013 – 2024
4.6. Steam Turbine Propulsion
4.6.1 Market estimates and forecast, 2013 – 2024
4.6.2 Market estimates and forecast, by region, 2013 – 2024
4.7. Natural Gas
4.7.1 Market estimates and forecast, 2013 – 2024
4.7.2 Market estimates and forecast, by region, 2013 – 2024
4.8.1 Market estimates and forecast, 2013 – 2024
4.8.2 Market estimates and forecast, by region, 2013 – 2024
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