Global Marine Propulsion Engine Market Overview to 2027

DUBLIN, July 4, 2022 /PRNewswire/ — The report “Marine Propulsion Engine Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.

The global marine propulsion engine market reached a value of US$36.7 billion in 2021. Looking ahead, the publisher expects the market to reach US$42.9 billion by 2027, posting a CAGR of 2.64% over the period 2021-2027. Bearing in mind the uncertainties associated with COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

A marine propulsion engine burns fuel and allows ships to move through water. It includes piston, valves, towers, housings, bearings, bedplates, crankcases, crankshafts, flywheels, generators, transformers, gearboxes, control panels, blades rotor, electrical controls and cylinder blocks and liners. It has generators that supply the engines with electricity and can run on heavy fuel oil or diesel. Nowadays it is widely used in modern merchant ships and offshore support vessels as prime movers across the world.

The increase in international trade due to increasing globalization and industrialization is increasing the demand for container ships to transport a variety of commodities, such as petroleum, natural gas, minerals, and consumer products. This represents one of the major factors supporting the growth of the global marine propulsion engine market.

Additionally, the growing focus on reducing fossil fuel consumption and improving energy efficiency is increasing the adoption of marine electric propulsion motors worldwide. Apart from this, the advent of nuclear propulsion and the growing preference for liquefied natural gas (LNG) are further contributing to the growth of the market.

Additionally, advances in technology and growing environmental awareness are resulting in the use of alternative fuels, such as biomethane and algal oils, to run marine propulsion engines with minimal energy. exhaust emissions.

Additionally, market players are focusing on improving the efficiency of marine propulsion engines to increase the cargo capacity of next-generation tankers, which is expected to fuel the growth of the market.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the major players being AB Volvo, Caterpillar Inc., Cummins Inc., Fairbanks Morse, Hyundai Heavy Industries Group, Man SE (Volkswagen Group), Masson-MarineMitsubishi Heavy Industries Ltd., Rolls-Royce Plc and Wartsila Oyj Abp.

Answers to key questions in this report:

  • How has the global marine propulsion engine market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global marine propulsion engine market?
  • What are the main regional markets?
  • What is the market breakdown by engine type?
  • What is the market breakdown by energy source?
  • What is the market breakdown by power range?
  • What is the market breakdown by ship type?
  • What are the different stages of the industry value chain?
  • What are the key drivers and challenges in the industry?
  • What is the structure of the global marine propulsion engine market and who are the key players?
  • How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Marine Propulsion Engine Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakdown by Engine Type
6.1 2-stroke engine
6.1.1 Market trends
6.1.2 Market Forecast
6.2 4-stroke engine
6.2.1 Market trends
6.2.2 Market Forecast

7 Market Breakdown by Power Source
7.1 Diesel
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Gas turbine
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Natural gas
7.3.1 Market trends
7.3.2 Market Forecast
7.4 Steam turbine
7.4.1 Market trends
7.4.2 Market Forecast
7.5 Fuel cell
7.5.1 Market trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market trends
7.6.2 Market Forecast

8 Market Breakdown by Power Range
8.1 80-750 HP
8.1.1 Market trends
8.1.2 Market Forecast
8.2 751-5000 HP
8.2.1 Market trends
8.2.2 Market Forecast
8.3 5001-10,000 HP
8.3.1 Market trends
8.3.2 Market Forecast
8.4 10,001-20,000 HP
8.4.1 Market trends
8.4.2 Market Forecast
8.5 Above 20,000 HP
8.5.1 Market trends
8.5.2 Market Forecast

9 Market Breakdown by Vessel Type
9.1 Bulk carriers
9.1.1 Market trends
9.1.2 Market Forecast
9.2 Container ships
9.2.1 Market trends
9.2.2 Market Forecast
9.3 Passenger ships
9.3.1 Market trends
9.3.2 Market Forecast
9.4 Support Ships
9.4.1 Market trends
9.4.2 Market Forecast
9.5 Tanks
9.5.1 Market trends
9.5.2 Market Forecast
9.6 Gas Carriers
9.6.1 Market trends
9.6.2 Market Forecast
9.7 Military vessels
9.7.1 Market trends
9.7.2 Market Forecast
9.8 Others
9.8.1 Market trends
9.8.2 Market Forecast

10 Market Breakdown by Region

11 SWOT Analysis

12 Value chain analysis

13 Analysis of the five forces of carriers

14 Price Analysis

15 Competitive landscape
15.1 Market structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Volvo AB
15.3.1.1 Company overview
15.3.1.2 Product Portfolio
15.3.1.3 Finance
15.3.1.4 SWOT Analysis
15.3.2 Caterpillar Inc.
15.3.2.1 Presentation of the company
15.3.2.2 Product portfolio
15.3.2.3 Finance
15.3.2.4 SWOT Analysis
15.3.3 Cummins Inc.
15.3.3.1 Company Overview
15.3.3.2 Product portfolio
15.3.3.3 Finance
15.3.3.4 SWOT Analysis
15.3.4 Fairbanks Morse code
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Hyundai Heavy Industries Group
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Finance
15.3.6 Man SE (Volkswagen Group)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Finance
15.3.6.4 SWOT Analysis
15.3.7 Masson-Marine
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Mitsubishi Heavy Industries Ltd.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Finance
15.3.8.4 SWOT Analysis
15.3.9 Rolls-Royce Plc
15.3.9.1 Company Overview
15.3.9.2 Product portfolio
15.3.10 Wartsila Oyj Abp
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Finance
15.3.10.4 SWOT Analysis

For more information about this report visit https://www.researchandmarkets.com/r/ohdt7z

Media Contact:

Research and Markets
Laura Woodsenior
[email protected]

For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900

US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets

Comments are closed.