Marine hybrid propulsion system market – top key player analysis by mrfr

Global Marine Hybrid Propulsion System Market Report By Type (Diesel-Electric, Gas-Electric, and Others), By Deadweight (Less Than 5K DWT, 5K-10K DWT and More Than 10K DWT), By Ship Type (Anchor Handling Tug Supply (AHTS) vessels, Platform Supply Vessel (PSV), Yachts, Motor Ferry, Cruise Liner, Small Cargo Ships, Naval Ships and Submarines), By Application (Commercial, Logistics, Offshore Drilling, Naval and Others) and By Region - Global Forecast to 2023.

Market Scenario:

Global marine hybrid propulsion system market has witnessed gradual growth in recent years, and is expected to witness steady growth in the forecast period. A propulsion system is a mechanism that produces thrust to push an object forward. The system usually consists of a source that produces mechanical power and a propeller that converts this power into propulsive force.

The hybrid drive technology is not only interesting for drive systems for electric vehicles, but also for marine sector. In this sector there is scope to replace the proven diesel mechanical drives with new drive concepts. This is triggered by the price of fossil fuels and stringent emission standards in the ocean level. A hybrid drive concept offers the possibility by adjusting power and speed to achieve lower specific fuel consumption. This can have a big impact, especially on the partial load range.

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Asia-Pacific Marine Hybrid Propulsion System market, expected to grow at the highest CAGR

The global marine hybrid propulsion system market is segmented into four prominent regions such as, Asia Pacific, North America, Europe and Rest of the World. The Europe region accounted for the largest share of marine hybrid propulsion system market in 2018, wherein Norway was the largest country-level market, followed by U.K. and Netherlands. Rise in modern ship building industry and growth in marine activity, have resulted in phenomenal growth of marine hybrid propulsion system in the region. Asia-Pacific marine hybrid propulsion system market is expected to grow at the highest CAGR during the forecast period. The age old ship building industry in Asia Pacific region tends to move towards innovative ship building sector, which will result in high adoption of hybrid marine propulsion system during the forecast period.

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Executive Summary

Scope of the Report

Market Definition

Scope of the Study

Definition

Research Objective

Assumptions

Limitations

Research Process

Primary Research

Secondary Research

Market size Estimation

Forecast Model

Market Landscape

Porter’s Five Forces Analysis

Threat of New Entrants

Bargaining power of buyers

Bargaining power of Suppliers

Threat of substitutes

Segment rivalry

Value Chain/Supply Chain Analysis

Market Dynamics

Introduction

Market Drivers

Market Restraints

Market Opportunities

Market Trends

Key Players

The key players of global marine hybrid propulsion system market are General Electric Company (U.S.), Siemens AG (Germany), Caterpillar Inc. (U.S.), BAE Systems (U.K), Wartsila Corporation (Finland), Mitsubishi Heavy Industries, Ltd. (Japan), Torqeedo GmbH (Germany), Steyr Motors GmbH (Austria), ABB Ltd. (Switzerland), MAN Diesel & Turbo SE (Germany), Schottel GmbH (Germany) and Rolls-Royce plc (U.K.).

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