In the Global Marine Hybrid Propulsion Market, Defense Vessels Are Likely to Emerge as the Most Prominent End-Use Segment Which is Anticipated to Reach US$ ~7.5 Bn by 2027 - PowerPoint PPT Presentation

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In the Global Marine Hybrid Propulsion Market, Defense Vessels Are Likely to Emerge as the Most Prominent End-Use Segment Which is Anticipated to Reach US$ ~7.5 Bn by 2027

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In the Global Marine Hybrid Propulsion Market, Defense Vessels Are Likely to Emerge as the Most Prominent End-Use Segment Which is Anticipated to Reach US$ ~7.5 Bn by 2027 – PowerPoint PPT presentation

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Title: In the Global Marine Hybrid Propulsion Market, Defense Vessels Are Likely to Emerge as the Most Prominent End-Use Segment Which is Anticipated to Reach US$ ~7.5 Bn by 2027


1
Marine Hybrid Propulsion Market
  • Global Industry Analysis, Size, Share, Growth,
    Trends and Forecast, 2027

2
About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
    trends analysis provides forward-looking insight
    for thousands of decision-makers. We have an
    experienced team of Analysts, Researchers, and
    Consultants, who use proprietary data sources and
    various tools and techniques to gather and
    analyze information. Our business offerings
    represent the latest and the most reliable informa
    tion indispensable for businesses to sustain a
    competitive edge.
  • Each TMR Syndicated Research report covers a
    different sectorsuch as pharmaceuticals,
    chemical, energy, food beverages,
    semiconductors, med-devices, consumer goods, and
    technology. These reports provide in-depth
    analysis and deep segmentation to possible micro
    levels. With a wider scope and stratified
    research methodology, our syndicated reports
    strive to serve clients and satisfy their overall
    research requirement.

3
Key Highlights the Global Marine Hybrid
Propulsion Market
  • The analysts of the Transparency Market Research
    repot have projected the demand in the
    global marine hybrid propulsion market to
    proliferate at a notable CAGR of 8.4 during the
    forecast period of 2019 to 2027.
  • The analysts have also forecasted the
    opportunities in this market to translate into a
    revenue of US7,586.41 Mn by the end of 2027,
    swelling up from its evaluated worth
    of US3,550.40 Mn in 2018.
  • Based on propulsion type, the market has been
    segmented into diesel-electric, serial hybrid,
    and parallel hybrid, whereas on the basis of end
    use, the analysts have bifurcated the market into
    tugboats, ferries, defense vessels, offshore
    support vessels (OSVs), yacht, and cruise ships.

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4
Increased International Trade to Drive Global
Marine Hybrid Propulsion Market
  • In the recent past, there has been a substantial
    increment in International trade, which has
    tremendously added to the demand for modes of
    water transportation that are cost effective as
    well as efficient.
  • Marine hybrid propulsion not only offer improved
    fuel efficiency but also adhere to stringent
    environmental regulations that a number of
    countries have installed owing to the growing
    concerns of global warming caused as a result of
    fossil fuel.
  • The system utilizes the unused capacity of the
    main diesel engine to generate electricity and
    store it in batteries for later use.  In recent
    years, marine hybrid propulsion systems have
    emerged as a reliable method of clean propulsion
    and a number of vessel categories are utilizing
    it.
  • In addition to that, increased defense budget by
    various emerging economies, particularly for
    sea-based defense and maritime security and
    gradual adoption of LNG over conventional marine
    fuels are expected to open new opportunities in
    the global marine hybrid propulsion market.

5
Volatility of Crude oil Prices to Hamper the
Global Marine Hybrid Propulsion Market
  • On the other hand, volatility of crude oil prices
    is the most prominent restraint over the true
    prosperity of the global marine hybrid propulsion
    market.
  • The system utilizes the unused capacity of the
    main diesel engine to generate electricity and
    store it in batteries for later use.

6
Major players operating in the global marine
hybrid propulsion market are
  • Cummins Inc
  • AB Volvo Penta
  • Rolls-Royce Plc
  • Nigata Power Systems Co., Ltd.
  • Fairbanks Morse Engine
  • Masson-Marine S.A.S
  • Caterpillar Inc.
  • BAE Systems plc
  • Wartsila Corporation
  • MAN Diesel Turbo SE

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