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The marine power systems market is forecasted to grow by USD 3.41 billion during 2023-2028, accelerating at a CAGR of 3.49% during the forecast period. The report on the marine power systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by surge in commercial shipping, increase in naval vessels, and growth in floating production storage and offloading (fpso) vessels.
The marine power systems market is segmented as below:
By Type
- Internal lighting
- Navigation lighting
- Surveillance systems
- Engine control
- Others
By End-user
- Commercial ships
- Military vessel
- Underwater vehicle
- Leisure ships
- Small recreational boats
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the marine power systems market covers the following areas:
- Marine power systems market sizing
- Marine power systems market forecast
- Marine power systems market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global marine power systems market: AB Volvo, Atlas Marine Systems, Caterpillar Inc., Cummins Inc., Daihatsu Diesel Mfg. Co. Ltd., ENAG SAS, EnerSys, Enpro Inc., General Electric Co., Hydraulic Marine Systems Inc., Hyundai Electric and Energy Systems Co. Ltd., Ingeteam Corp. S.A., MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., NEWMAR, Perkins Engines Co. Ltd., Rolls Royce Holdings Plc, Siemens AG, Wartsila Corp., and Yamaha Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing marine hybrid propulsion market."
According to the report, one of the major drivers for this market is the surge in commercial shipping.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AB Volvo
- Atlas Marine Systems
- Caterpillar Inc.
- Cummins Inc.
- Daihatsu Diesel Mfg. Co. Ltd.
- ENAG SAS
- EnerSys
- Enpro Inc.
- General Electric Co.
- Hydraulic Marine Systems Inc.
- Hyundai Electric and Energy Systems Co. Ltd.
- Ingeteam Corp. S.A.
- MAN Energy Solutions SE
- Mitsubishi Heavy Industries Ltd.
- NEWMAR
- Perkins Engines Co. Ltd.
- Rolls Royce Holdings Plc
- Siemens AG
- Wartsila Corp.
- Yamaha Corp.
