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Global Marine Propulsion Engine Market 2016-2020

About Marine Propulsion Engines

The first kind of mechanical marine propulsion engines was the steam engines that came into inception during the 19th century. With time, steam engines have been increasingly replaced by two-stroke and four-stroke diesel engines and gas turbine engines from the 20th century onward. The use of LNG (liquefied natural gas) as a fuel in the marine propulsion engine is gaining popularity because of the low-emission advantages it offers over diesel.

Technavio’s analysts forecast the global marine propulsion engine market to grow at a CAGR of 4.2% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global marine propulsion engine market for 2016-2020. To calculate the market size, revenue calculated is based on the demand from the shipbuilding industry for the key product segments, namely diesel propulsion engines, gas turbine propulsion engines, and other types of propulsion engines, such as the nuclear-powered propulsion engines.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Caterpillar
  • Cummins
  • Hyundai Heavy Industries
  • MAN Diesel & Turbo
  • Mitsubishi Heavy Industries
  • Rolls-Royce
  • Wärtsilä
Other prominent vendors
  • BP
  • Dresser-Rand
  • Doosan
  • Fairbanks Morse
  • Hydraulic Marine Systems
  • Hydrosta
  • Ingeteam
  • Masson-Marine
  • Mercury Marine
  • Nigata Power Systems
  • Samsung Heavy Industries
  • Siemens
  • Volvo Penta
  • Yamaha
Market driver
  • Surge in commercial shipping
  • For a full, detailed list, view our report
Market challenge
  • Collapse of Greek shipbuilding industry
  • For a full, detailed list, view our report
Market trend
  • Growing marine hybrid propulsion market
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

  • Press Release

    Technavio Announces the Publication of its Research Report – Global Marine Propulsion Engine Market 2016-2020

    Technavio recognizes the following companies as the key players in the Global Marine Propulsion Engine Market: Caterpillar, Cummins, Hyundai Heavy Industries, MAN Diesel & Turbo, Mitsubishi Heavy Industries, Rolls-Royce, and Wärtsilä.

    Other Prominent Vendors in the market are: BP, Dresser-Rand, Doosan, Fairbanks Morse, Hydraulic Marine Systems, Hydrosta, Ingeteam, Masson-Marine, Mercury Marine, Nigata Power Systems, Samsung Heavy Industries, Siemens, Volvo Penta, and Yamaha.

    Commenting on the report, an analyst from Technavio’s team said: “An important trend influencing growth is the growing use of marine hybrid propulsion systems. The rising use of hybrid marine propulsion engines can be attributed to the high pollution caused by diesel propulsion engines. Many major ports worldwide and maritime authorities are establishing standards for vessels that operate in designated areas, compelling shipping operators to comply with the emission guidelines in those areas.”

    According to the report, one factor driving market growth is the surge in commercial shipping. The growth in global commercial shipping is a direct effect of globalization. Since economies worldwide are all interlinked, world trade volume is also affected by the health of the global economy. Therefore, economic development and growth have created enormous opportunities for the marine industry, especially the global demand for and supply of commodities and manufactured goods

    Further, the report states that the collapse of the Greek shipbuilding industry will have a significant impact on market growth.



    Companies Mentioned

    Caterpillar, Cummins, Hyundai Heavy Industries, MAN Diesel & Turbo, Mitsubishi Heavy Industries, Rolls-Royce, Wärtsilä, BP, Dresser-Rand, Doosan, Fairbanks Morse, Hydraulic Marine Systems, Hydrosta, Ingeteam, Masson-Marine, Mercury Marine, Nigata Power Systems, Samsung Heavy Industries, Siemens, Volvo Penta, Yamaha.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Overview of global marine propulsion engine market
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Global marine propulsion engine market: Products
      • Table Global marine propulsion engine market: Geography
  • Market landscape
    • Market size and forecast
      • Table Global marine propulsion engine market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global marine propulsion engine market: Product segmentation
      • Table Global marine propulsion engine market: Product segmentation 2015 and 2020
    • Global diesel marine propulsion engine market
      • Table Global diesel marine propulsion engine market 2015-2020 ($ billions)
    • Global gas turbine marine propulsion engine market
      • Table Global gas turbine marine propulsion engine market 2015-2020 ($ billions)
  • Geographical segmentation
    • Global marine propulsion engine market: Geographic segmentation
      • Table Global marine propulsion engine market: Geographic segmentation 2015 and 2020
    • Marine propulsion engine market in APAC
      • Table Marine propulsion engine market in APAC 2015-2020 ($ billions)
    • Marine propulsion engine market in EMEA
      • Table Marine propulsion engine market in EMEA 2015-2020 ($ billions)
    • Marine propulsion engine market in the Americas
      • Table Marine propulsion engine market in the Americas 2015-2020 ($ millions)
  • Key leading countries
    • China
      • Table Marine propulsion engine market in China 2015-2020 ($ billions)
    • South Korea
      • Table Marine propulsion engine market in South Korea 2015-2020 ($ billions)
    • Japan
      • Table Marine propulsion engine market in Japan 2015-2020 ($ billions)
  • Market drivers
    • Surge in commercial shipping
    • Growing number of naval vessels
    • Increase in FPSO vessels
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • MARPOL regulations
    • Volatile offshore activities
      • Table Global CAPEX spending in oil and gas industry 2010-2015 ($ billions)
    • Collapse of Greek shipbuilding industry
    • Increased overfishing resulting in stringent norms
      • Table Global trends in world marine fish stocks 1986-2011 (%)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing marine hybrid propulsion market
    • Emergence of dual-fuel engines
    • Gradual adoption of LNG over conventional marine fuels
  • Vendor landscape
    • Competitive landscape
      • Table Key vendors
      • Table Geographic presence of key vendors
      • Table Key highlights for vendors
    • Other prominent vendors
  • Key vendor analysis
    • Caterpillar
    • Cummins
    • Hyundai Heavy Industries
    • MAN Diesel & Turbo
    • Mitsubishi Heavy Industries
    • Rolls-Royce
    • Wärtsilä
  • Appendix
    • List of abbreviations
  • Explore Technavio

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