Marine Engines Market 2028 By Power Range, Vessel, Fuel, Engine, Type and Geography | The Insight Partners

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Marine Engines Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Power Range (Up to 1000 HP, 1001-5000 HP, 5001-10000 HP, 10001-20000 HP, Above 20000 HP); Vessel (Commercial Vessel, Offshore Support Vessel, Others); Fuel (Heavy Fuel Oil, Intermediate Fuel Oil, Marine Diesel Oil, Marine Gas Oil, Others); Engine (Propulsion Engine, Auxiliary Engine); Type (Two-Stroke, Four-Stroke) and Geography

Report Code: TIPRE00004338 | No. of Pages: 150 | Category: Automotive and Transportation | Status: Upcoming

MARKET INTRODUCTION



Marine Engines are the modified machines that propel the ships, supply power to the vessels in the marine environment. A marine engine of either 4-stroke or 2-stroke is fitted for the propulsion purpose. A 4-stroke engine produces electrical energy and propels the ship, usually use in small vessels and a 2-stroke engine used for vessel propulsion. Demand for marine engines is rapidly growing as there is an increase in investment for optimizing vessel efficiency and a rise in renovating pre-owned marine engine.

MARKET DYNAMICS



A rise in maritime tourism, increase in global import & export, growth in international marine freight transport, technical development are some of the critical drivers of Marine Engines market. On the other hand, rigid environmental regulations and high dependency on heavy fuel are hampering the market growth. However increased the naval budget and rising demand for the dual-fuel engine, an increase in adoption of greener fuel such as LNG, solar and wind power is creating newer paths for growth of Marine Engine market.

MARKET SCOPE



The "Global Marine Engines Market Analysis to 2028" is a specialized and in-depth study of the Marine Engines industry with a special focus on the global market trend analysis. The report aims to provide an overview of Marine Engines market with detailed market segmentation by technology, type and geography. The global Marine Engines market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Marine Engines market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION



The global marine engines market is segmented on the basis of power range, vessel, fuel, engine, type. Based on power range, the market is segmented as up to 1,000 hp, 1,001-5,000 hp, 5,001-10,000 hp, 10,001-20,000 hp, above 20,000 hp. On the basis of the vessel, the market is segmented into commercial vessel and offshore support vessel. On the basis of the fuel, heavy fuel oil, intermediate fuel, oil marine diesel oil, marine gas oil. On the basis of the engine, the market is segmented into, propulsion engine and auxiliary engine. On the basis of type, the market is segmented as, two-stroke and four-stroke.

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REGIONAL FRAMEWORK



The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Marine Engines market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Marine Engines market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Marine Engines market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Marine Engines market in these regions.

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MARKET PLAYERS



The reports cover key developments in the Marine Engines market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Marine Engines market are anticipated to lucrative growth opportunities in the future with the rising demand For Marine Engines in the global market. Below mentioned is the list of few companies engaged in the Marine Engines market.

The report also includes the profiles of key Marine Engines companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
  • AB Volvo
  • Caterpillar
  • Cummins Inc
  • Deere and Company
  • Deutz AG
  • Hyundai Heavy Industries [ Engine and Machinery Division]
  • Kongsberg Maritime
  • MAN SE
  • Mitsubishi Heavy Industries Marine Machinery and Equipment Co., Ltd.
  • Wartsila
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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The List of Companies

1. AB Volvo
2. Caterpillar
3. Cummins Inc
4. Deere and Company
5. Deutz AG
6. Hyundai Heavy Industries [ Engine and Machinery Division]
7. Kongsberg Maritime
8. MAN SE
9. Mitsubishi Heavy Industries Marine Machinery and Equipment Co. , Ltd.
10. Wartsila
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