Marine Propulsion Engine Market to worth USD 13.3 billion by 2024 - PowerPoint PPT Presentation

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Marine Propulsion Engine Market to worth USD 13.3 billion by 2024

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Get More Information @ Rising emphasis on increasing diesel engine capacity to drive new generation tankers with large cargo holding capability will propel global marine propulsion engine market share. – PowerPoint PPT presentation

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Title: Marine Propulsion Engine Market to worth USD 13.3 billion by 2024


1
Global Market review of Marine Propulsion Engine
- Forecasts to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Marine Propulsion Engine Market
  • The growth can be credited to favorable
    government policies supporting the product
    applications in shipping industry due to its
    eco-friendly nature. Diesel propulsion engine
    market price worth USD 6 billion in 2015, is
    expected to register a CAGR of 4.2 over the
    coming eight years.
  • Growing demand for operationally consistent and
    fuel efficient ships is expected to increase
    global marine propulsion engine market size over
    the coming years.
  • Increasing use of renewable sources of energy
    such as wind energy, solar energy etc., for
    enhancing efficiency and reducing carbon
    emissions is projected to promote industry growth
    in near future.

3
Continued...
  • High emphasis on improving diesel engine capacity
    of the ships with large cargo carrying capability
    is predicted to boost the industry trends over
    the next few years. Today, shipping industry is
    largely focusing on developing new type of
    electric motors which will improve fuel
    efficiency and reduce environmental pollution.
  • The growth can be attributed to rapid
    advancements in various technologies such as fuel
    injection technology, firing pressures, brake
    mean effective pressure, and turbo charging
    efficiency.
  • Key industry participants include Yamaha Motor
    Company, Rolls-Royce, Exxon Mobil Corporation,
    Wärtsilä, Cummins Corporation, Shell Global,
    Idemitsu Kosan Company, MAN Diesel Turbo,
    Mitsubishi Motors, Volvo Penta Company, Hydraulic
    Marine Systems Inc, Caterpillar Inc., Sinopec
    Company, and Hydrosta BV Company.

4
Europe Marine Propulsion Engine Market size, by
product, 2013-2024 (USD Million)
5

Browse Full Market Research Report On Marine
Propulsion Engine Market _at_ http//bit.ly/2dk76gE
Request for a Sample of this Research
Report _at_ https//www.gminsights.com/request-sample
/detail/791 https//www.gminsights.com/reques
t-sample/detail/49
6
360 Analysis
  • Product Analysis
  • Solar and wind energy may gain prominence as
    auxiliary propulsion sources due to negligible
    environmental impact. However, incapability to
    suffice power requirements may negatively impact
    product demand.
  • Regional Analysis
  • Asia Pacific accounted for 50 of the overall
    revenue in 2015, mainly due to high growth in
    Korea and China marine propulsion engine market
    size. Rapid LNG adoption as a propulsion medium
    will drive U.S. marine propulsion engine market
    size in the coming years.
  • Competitive Market Share
  • Other participants are Yamaha, Volvo Penta,
    Sinopec, Shell, Idemitsu, Hydrosta BV, Hydraulic
    Marine Systems, Exxon Mobil Corp, and Cummins.


7
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