Infinium Global Research has added a new report on Marine Hybrid Propulsion Market.
The report presents analysis of global as well as regional markets of marine
hybrid propulsion market over the
period of 2016 to 2024. A hybrid vehicle can achieve propulsion using a fuelled
power source for e.g. a diesel engine or through a stored energy source, which
is a battery bank and electric motor. Hybrid propulsion systems can be
differentiated between configurations, where the diesel engines and the
E-motors work in parallel on the propeller. The main applications of marine
hybrid propulsion market are in offshore vessels and navy applications.
Offshore patrol ships are good examples of ships that are equipped with hybrid
propulsion system. Patrol ships can be operated at low speeds by the electric
motor and at a high power demand by the main engine. Moreover, Anchor Handling
Tug Supply vessels are good examples of offshore ships with highly flexible power
demand and per consequence, different operation modes, and sailing speeds.
Increasing trade of resources such as coal, crude oil,
iron, and steel is done through large vessels. These large vessels containing
high volume resources are driven through marine hybrid propulsion market. In
addition, continuous development in the marine industry along with growing ship
owner preferences for high fuel-efficient features are boosting the growth of
the marine hybrid propulsion market. Furthermore, marine hybrid propulsion not
only offers improved fuel efficiency but also adhere to stringent environmental
regulations. The number of countries have adopted marine hybrid systems owing
to the growing concerns about global warming caused because 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. This, in turn, has opened
several doors of opportunity for the key players in the marine hybrid
propulsion market over the upcoming years. On the other hand, increased the
defense budget by various emerging economies, particularly for sea-based
defense and maritime security and the gradual adoption of LNG over conventional
marine fuels is expected to open new opportunities in the global marine hybrid
propulsion market.
Among the geographies, Europe dominated the marine hybrid propulsion market in terms of revenue followed by North America. The European Union has also supported the upgrade of ferries, as all vessels navigating through in European waters have to reduce sulfur emissions from 2015. The Asia Pacific is the most lucrative market for marine hybrid propulsion. The growth in the Asia Pacific region is due to the deployment of the advanced marine hybrid propulsion system in the newly built ships. On the other hand, the exchange of crude oil for the most part of the Middle East nations to Asia Pacific regions is another factor driving the growth of the Asia Pacific regions. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global marine hybrid propulsion market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
Get 15% discount
for early purchase of global marine hybrid propulsion market report by clicking the following link, Use
code IGRD15 to request the discount in the given form
https://www.infiniumglobalresearch.com/reports/request-discount/1570
The recent report identified that Europe dominated the
global marine hybrid propulsion market
over the last couple of years, while emerging markets of Asia-Pacific
and Latin America are anticipated to contribute significantly to the growth in
the marine hybrid propulsion market
worldwide.
The report segments the global marine hybrid propulsion
market on the basis of Propulsion Type, Transport, Power Rating, End-user and
Application.
Global Marine Hybrid Propulsion Market by
Propulsion Type
·
Diesel-electric
·
Parallel Hybrid
·
Serial Hybrid
·
Full Electric
·
Gas Turbine
·
Fuel Cell
Global Marine Hybrid Propulsion Market by
Transport
·
Inland Waterways
·
Coastal/Cross-border Waterways
·
Fishing Vessels
·
Ferries
·
Tugboats
·
Cruise
·
Cargo Ships
·
Defense Vessels
Global Marine Hybrid Propulsion Market by
Power Rating
·
0-300 KW
·
301-500 KW
·
501-800 KW
Global Marine Hybrid Propulsion Market by
End-user
·
Cruise Ships
·
Defense Vessels
·
Ferries
·
Offshore Support Vessels
·
Tugboats
·
Yacht
Global Marine Hybrid Propulsion Market by
Application
·
Commercial
·
Logistics
·
Offshore Drilling
·
Naval
Companies Profiled in the Report
·
Rolls-Royce Holdings plc
·
General Electric Company
·
Mitsubishi Heavy Industries Ltd
·
Caterpillar Inc
·
Hyundai Heavy Industries
·
MAN Diesel & Turbo,
·
Niigata Power Systems
·
Yanmar
·
BAE Systems
·
Siemens AG
About Infinium Global Research
Infinium Global Research is a business intelligence
company that provides its clients with market information services, solutions,
and reports. The intelligence reports include qualitative as well as
quantitative information, which are blended using forecasting models in order
to project future market demand. Our panels of Subject Matter Experts (SMEs),
Analysts, and Consultants use numerous data gathering tools in order to provide
you with detailed information on the market as well as a preview of its
projected growth. Our repository includes the largest and most credible
databases, through which we determine various qualitative and quantitative
parameters of the market to provide you with an in-depth business intelligence
report.
Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.
