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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