{"product_id":"marine-propulsion-engine-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Marine Propulsion Engine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eMarine Propulsion Engine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nThe global marine propulsion engine market size reached US$ 37.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.7 Billion by 2028, exhibiting a growth rate (CAGR) of 2.4% during 2022-2028.\u003c\/p\u003e\n\n\u003cp\u003eA marine propulsion engine burns fuel and enables ships to move across the water. It comprises a piston, valves, towers, casings, bearings, bedplates, crankcases, crankshafts, flywheels, generators, transformers, gearboxes, control panels, rotor blades, electrical controls, and cylinder blocks and liners. It has generators that supply electric power to motors and can operate on heavy fuel or diesel oil. Nowadays, it is widely utilized in modern merchant ships and offshore support vessels as prime movers across the globe.\u003c\/p\u003e\n\n\u003cp\u003eThe rising international trade on account of the increasing globalization and industrialization is escalating the demand for container ships to transport a variety of products, such as oil, natural gas, mineral ores and consumer products. This represents one of the major factors bolstering the global marine propulsion engine market growth. Moreover, the increasing focus on reducing fossil fuel consumption and improving energy efficiency is escalating the adoption of marine electric propulsion engines worldwide. Apart from this, the advent of nuclear propulsion and the growing preference for liquefied natural gas (LNG) are further contributing to the market growth. Besides this, advancements in technology and the rising environmental awareness are resulting in the utilization of alternate fuels, such as bio-methane and algal oils, to run marine propulsion engines with minimal exhaust gas emissions. Moreover, the market players are focusing on enhancing the efficiency of marine propulsion engines to increase the cargo holding capacity of new-generation tankers, which is anticipated to fuel the market growth.\u003c\/p\u003e \n\n\u003cp\u003eKey Market Segmentation:\u003c\/p\u003e\n\n\u003cp\u003eIMARC Group provides an analysis of the key trends in each segment of the global marine propulsion engine market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on engine type, power source, power range and vessel type.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Engine Type:\u003c\/p\u003e\n\n\u003cp\u003e2-Stroke Engine\u003c\/p\u003e\n\n\u003cp\u003e4- Stroke Engine\u003c\/p\u003e\n\n \n\n\u003cp\u003eBreakup by Power Source:\u003c\/p\u003e\n\n\u003cp\u003eDiesel\u003c\/p\u003e\n\n\u003cp\u003eGas Turbine\u003c\/p\u003e\n\n\u003cp\u003eNatural Gas\u003c\/p\u003e\n\n\u003cp\u003eSteam Turbine\u003c\/p\u003e\n\n\u003cp\u003eFuel Cell\u003c\/p\u003e\n\n\u003cp\u003eOthers\u003c\/p\u003e\n\n \n\n\u003cp\u003eBreakup by Power Range:\u003c\/p\u003e\n\n\u003cp\u003e80-750 HP\u003c\/p\u003e\n\n\u003cp\u003e751-5000 HP\u003c\/p\u003e\n\n\u003cp\u003e5001-10,000 HP\u003c\/p\u003e\n\n\u003cp\u003e10,001-20,000 HP\u003c\/p\u003e\n\n\u003cp\u003eAbove 20,000 HP\u003c\/p\u003e\n\n \n\n\u003cp\u003eBreakup by Vessel Type:\u003c\/p\u003e\n\n\u003cp\u003eBulk Carriers\u003c\/p\u003e\n\n\u003cp\u003eContainer Ships\u003c\/p\u003e\n\n\u003cp\u003ePassenger Ships\u003c\/p\u003e\n\n\u003cp\u003eSupport Vessels\u003c\/p\u003e\n\n\u003cp\u003eTankers\u003c\/p\u003e\n\n\u003cp\u003eGas Carriers\u003c\/p\u003e\n\n\u003cp\u003eMilitary Vessels\u003c\/p\u003e\n\n\u003cp\u003eOthers\u003c\/p\u003e\n\n \n\n\u003cp\u003eBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003c\/p\u003e\n\n\u003cp\u003eUnited States\u003c\/p\u003e\n\n\u003cp\u003eCanada\u003c\/p\u003e\n\n\u003cp\u003eAsia Pacific\u003c\/p\u003e\n\n\u003cp\u003eChina\u003c\/p\u003e\n\n\u003cp\u003eJapan\u003c\/p\u003e\n\n\u003cp\u003eIndia\u003c\/p\u003e\n\n\u003cp\u003eSouth Korea\u003c\/p\u003e\n\n\u003cp\u003eAustralia\u003c\/p\u003e\n\n\u003cp\u003eIndonesia\u003c\/p\u003e\n\n\u003cp\u003eOthers\u003c\/p\u003e\n\n\u003cp\u003eEurope\u003c\/p\u003e\n\n\u003cp\u003eGermany\u003c\/p\u003e\n\n\u003cp\u003eFrance\u003c\/p\u003e\n\n\u003cp\u003eUnited Kingdom\u003c\/p\u003e\n\n\u003cp\u003eItaly\u003c\/p\u003e\n\n\u003cp\u003eSpain\u003c\/p\u003e\n\n\u003cp\u003eRussia\u003c\/p\u003e\n\n\u003cp\u003eOthers\u003c\/p\u003e\n\n\u003cp\u003eLatin America\u003c\/p\u003e\n\n\u003cp\u003eBrazil\u003c\/p\u003e\n\n\u003cp\u003eMexico\u003c\/p\u003e\n\n\u003cp\u003eOthers\u003c\/p\u003e\n\n\u003cp\u003eMiddle East and Africa\u003c\/p\u003e\n\n \n\n\u003cp\u003eCompetitive Landscape:\u003c\/p\u003e\n\n\u003cp\u003eThe report has also analysed the competitive landscape of the market with some of the key players being AB Volvo, Caterpillar Inc., Cummins Inc., Fairbanks Morse, Hyundai Heavy Industries Group, Man SE (Volkswagen Group), Masson Marine, Mitsubishi Heavy Industries Ltd., Rolls-Royce Plc and Wärtsilä Oyj Abp.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003c\/p\u003e\n\n\u003cp\u003eHow has the global marine propulsion engine market performed so far and how will it perform in the coming years?\u003c\/p\u003e\n\n\u003cp\u003eWhat has been the impact of COVID-19 on the global marine propulsion engine market?\u003c\/p\u003e\n\n\u003cp\u003eWhat are the key regional markets?\u003c\/p\u003e\n\n\u003cp\u003eWhat is the breakup of the market based on the engine type?\u003c\/p\u003e\n\n\u003cp\u003eWhat is the breakup of the market based on the power source?\u003c\/p\u003e\n\n\u003cp\u003eWhat is the breakup of the market based on the power range?\u003c\/p\u003e\n\n\u003cp\u003eWhat is the breakup of the market based on the vessel type?\u003c\/p\u003e\n\n\u003cp\u003eWhat are the various stages in the value chain of the industry?\u003c\/p\u003e\n\n\u003cp\u003eWhat are the key driving factors and challenges in the industry?\u003c\/p\u003e\n\n\u003cp\u003eWhat is the structure of the global marine propulsion engine market and who are the key players?\u003c\/p\u003e\n\n\u003cp\u003eWhat is the degree of competition in the industry?\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"November, 2023 \/ 140 Pages \/ MCW16215629","offer_id":47618110554418,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/marine-propulsion-engine-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}