“Marine Propulsion Engine market is valued at $11bn in 2019” says new Visiongain report

28 February 2019
Energy

Visiongain has launched a new energy report Marine Propulsion Engine Market Report 2019-2029: Forecasts by Power Source (Diesel, Gas Turbine, Natural Gas and Others), by Ship Type (Cargo or Container Ship, Tanker Marine, Bulk Carrier, Offshore Vessel, Passenger Ship and Others) Plus Financial Analysis on Leading Companies and Regional and Leading National Market Forecasts and Analysis.

Propulsion in ships provides the thrust required for ships to move across water. At present, several propulsion systems are in the market which are built with the latest technology. Different types of ships require different types of power sources for their propulsion. The manufacturers of ship propulsion systems customise the requirements according to the ship type. At present, marine propulsion is not just about successful movement of the ship in the water; it also includes using the most suitable and the best mode of propulsion to ensure a better safety standard for the marine ecosystem combined with cost efficiency. The rise in international trade by Sea-route, increasing production & sales of ships and rise in inland waterways are the factors driving the growth of the Global Marine Propulsion Engine Market.

The Visiongain report analyst commented "Marine Propulsion Engine market is expected to witness a high growth on account of Increasing production and sales of ships globally and this drives the growth of the marine propulsion engine market directly. The more the production of ships, the more the use of marine propulsion engines to thrust the ships. Rising energy consumption and demand of eco-friendly ships and shipping services are contributing to the growth of the shipping industry which in turn paves the way for growth in the marine propulsion engine market globally over the coming years."

Leading companies featured in the report who are developing marine propulsion engine technology include Caterpillar, Cummins Inc., Daihatsu Diesel Mfg. Co., Ltd., Hyundai Heavy Industries Co., Ltd, Man Se (Man Diesel & Turbo), Mitsubishi Heavy Industries, Ltd., Rolls-Royce Plc, Scania, Wärtsilä, Yanmar Co., Ltd.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

“Land Seismic Equipment & Acquisition market will see a capital expenditure (Capex) of $2,387.8mn in 2020 as the oil and gas market is constantly facing new challenges and opportunities”

he decision of US shale oil and gas producers to limit their production for 2020 and the in an effort to stabilize the oil price and increase their revenue, as well as the OPEC discussions for further production cuts are expected to play a critical role in the market and restrain the land seismic acquisition activity.

06 December 2019

Read

“Global Thermal Enhanced Oil Recovery (EOR) market report 2020-2030 worth $20,202 million in 2020” says Visiongain report

The demand of thermal enhanced oil recovery (EOR) market is expected to increase in the coming years owing to continuous work over oil fields, rapid depletion of fossil fuels, increasing long-term demand for oil are the prime factors propelling the demand of thermal enhanced oil recovery (EOR) market globally.

04 December 2019

Read

“Due to the shale revolution, the oil and gas industry is witnessing growth in the Americas”, says Visiongain

In the forecast period, backed by new government policies on exploration and production and stability of global crude oil prices, the offshore oil and gas industry is expected to gain traction.

02 December 2019

Read

“The amount of LNG bunkering ships meeting this market is growing as the global demand for LNG gas for maritime applications increases”, says Visiongain

The global shipping sector confronted IMO regulations in 2015 to significantly reduce vessel pollution of sulfur, first in North America and then in Northern Europe.

02 December 2019

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever