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The Marine Hybrid Propulsion market is a subset of the Shipbuilding and Ship Parts industry. It focuses on the development and implementation of hybrid propulsion systems for marine vessels. These systems combine traditional diesel engines with electric motors, batteries, and other components to reduce fuel consumption and emissions. Hybrid propulsion systems are becoming increasingly popular due to their cost-effectiveness and environmental benefits.
The Marine Hybrid Propulsion market is highly competitive, with a variety of companies offering a range of products and services. These include propulsion systems, power management systems, and other related components. Companies in the market are also investing in research and development to improve the efficiency and performance of their products.
Notable companies in the Marine Hybrid Propulsion market include ABB, Siemens, Wärtsilä, Rolls-Royce, MAN Energy Solutions, and GE Power. Show Less Read more