Hybrid Electric Marine Propulsion Engine Market 2018 - Analysis, Growth, Trends and Forecasts 2025 - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Hybrid Electric Marine Propulsion Engine Market 2018 - Analysis, Growth, Trends and Forecasts 2025

Description:

"Global Hybrid Electric Marine Propulsion Engine Market" a new research report has announced by Adroit Market Research to its database. – PowerPoint PPT presentation

Number of Views:7
Date added: 27 December 2018
Slides: 7
Provided by: Marnieserrano
Category: Other

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Hybrid Electric Marine Propulsion Engine Market 2018 - Analysis, Growth, Trends and Forecasts 2025


1
Global Hybrid Electric Marine Propulsion Engine
Market
  • Size by Capacity (lt150 kW, 151-500 kW, 501-750
    kW), by Application (Commercial, Leisure), by
    Region and Forecast 2018 to 2025

Single Use License US 4850
Request Sample
2
Global Hybrid Electric Marine Propulsion Engine
Market Size And Forecast, 2018-2025
  • The global hybrid electric marine propulsion
    engine market is expected to reach a market value
    of USD 708.6 million by 2025 due to increasing
    penetration of hybrid engines especially in cargo
    ships. This surge in demand for hybrid marine
    propulsion engines is a result of reduction in
    operating and maintenance costs achieved through
    the installation of these systems.
  • Along with cost reduction, deployment of hybrid
    propulsion engines is being adopted with a view
    to curb the destruction of marine environments
    caused by conventional mechanical propulsion
    systems.
  • Rising growth of the global hybrid vessels market
    on account of increasing need to enhance the
    global maritime trade and cruise tourism industry
    is further supplementing the sales of electric
    propulsion engines.
  • Shipping is very important to the world economy
    as it is a critical mode of distribution of goods
    between different regional markets. It is a vital
    cog in international import and export
    infrastructure.
  • However, the shipping industries are facing
    mounting pressures to reduce its emissions of
    greenhouse gases such as carbon dioxide which are
    causing the destruction of the marine ecosystem.
  • Browse the complete report on _at_
    https//www.adroitmarketresearch.com/industry-repo
    rts/hybrid-electric-marine-propulsion-engine-marke
    t

3
Global Hybrid Electric Marine Propulsion Engine
Market Size And Forecast, 2018-2025
  • The shipping industry contributes 3 of global
    emission of CO2 gases. The hybrid systems are an
    environment friendly substitute with low exhaust
    emissions. This has pushed the cargo carriers to
    adopt hybrid electric propulsion systems as an
    appropriate solution to replace the mechanical
    propulsion systems and decrease overall CO2
    emissions.
  • In a hybrid electric propulsion system, the
    energy transmission is electrical and the
    propulsion and thruster are variably electrically
    driven. This results in significant reductions in
    the fuel consumption especially in vessels with
    capacities below 150 kW. These cost reductions
    offered by the hybrid systems present the vessel
    owners better profit-making proposition as
    compared to the diesel driven propulsion systems.
  • The ever-increasing demand to reduce fuel
    consumption and maintenance expenditures has led
    to a widespread adoption of these systems. Hybrid
    vessels with capacities less than 150 kW are
    expected to account for a major sales share since
    most recreational boats, small cruise ships,
    ferries and yacht owners are preferring hybrid
    propulsion engines to achieve cost reduction.
  • On the basis of end users, the commercial segment
    is estimated to offer lucrative prospects in the
    coming years. The intensive adoption of hybrid
    electric marine propulsion engines in commercial
    vessels such as cargo ships, and transport
    ferries with a view to reduce operational costs
    have assisted the rapid growth of this segment.

4
Global Hybrid Electric Marine Propulsion Engine
Market Size And Forecast, 2018-2025
  • Rapid growth of the global tourism industry has
    led to the production of new and technologically
    advanced ships which has further boosted the
    demand for hybrid engines.
  • The commercial segment is anticipated to project
    the highest CAGR of more than 6 during the
    forecast period.
  • Geographically, Asia Pacific region is
    anticipated to observe the fastest growth during
    the forecast period. This growth is facilitated
    by the growing number of cargo vessels to support
    the large-scale expansion of trade in this
    region. Asia Pacific is a rapidly developing
    economic region engaged in large scale import and
    export.
  • The increasing demand for cost effective hybrid
    solution coupled with rising government
    initiatives to curb emission levels are the
    primary factors supporting the market in this
    region.
  • The competitive landscape of global hybrid
    electric marine propulsion engine market is
    highly fragmented owing to the presence of
    several local players.
  • Companies including Caterpillar, MAN Diesel
    Turbo, Mitsubishi Heavy Industries, Rolls-Royce,
    Wartsila Finland Oy, Cummins, Hybrid Marine,
    STEYR Motors, Elco Motor Yachts, Oceanvolt, Beta
    Marine, Leonardo DRS, and GE amongst others have
    a broader presence within the global market.

5
Key Segments of the Global Hybrid Electric Marine
Propulsion Engine Market
  • Type Overview, 2013-2025 (Unit) (USD million)
  • lt 150 kW
  • 151-500 kW
  • 501-750 kW
  • Application Overview, 2013-2025 (Unit) (USD
    million)
  • Commercial
  • Leisure
  • Regional Overview, 2013-2025 (Units) (USD
    million)
  • North America (U.S., ,Canada), Europe (Spain, UK,
    Italy, France, Germany, Rest of Europe),
    Asia-Pacific (China, , India, South East Asia,
    Japan, Rest of Asia-Pacific), Latin America
    (Brazil, Mexico, Rest of Latin America), Middle
    East Africa (GCC, South Africa, Rest of Middle
    East Africa)
  • Purchase a single user copy of the global Hybrid
    Electric Marine Propulsion Engine market report _at_
    https//www.adroitmarketresearch.com/researchrepor
    t/purchase/68

6
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
  • US Headquarters3131 McKinney Ave Ste 600
    Dallas, TX 75204 ,U.S.A 
  • Phone 1 (214) 884-6068
  • Email sales_at_adroitmarketresearch.com
About PowerShow.com