Product Code: MRFR/E&P/3823-HCR
Market Overview
The marine hybrid propulsion system Market is anticipated to register a CAGR of 9.26% during the review period. During the time of estimating, the market will be driven by a few market drivers, remembering an increment for the development of freight boats and business and safeguard sends, an ascent in the interest for eco-friendly systems in the oceanic business, severe guidelines, and guidelines regarding fuel outflows from sea exercises, and a huge expansion in the financial plans dispensed to maritime guard.
The marine hybrid propulsion system market CAGR is growing because of expanded worldwide exchange. Most things that are exchanged worldwide are shipped by boats and freight vessels. Vessels with changing power necessities have better eco-friendliness on account of hybrid propulsion. The oceanic travel industry area has been developing over the long run-on account of rising extra cash and individuals' rising inclination to burn through cash on sea recreation exercises. Subsequently, extravagance yachts and traveler journey ships are currently used more consistently. Voyage Lines Global Affiliation (CLIA), one of the significant exchange associations for the journey business, attested in its report that the journey area has been growing reliably over the long run.
Market Segmentation
Commercial, logistics, offshore drilling, naval, and other applications are included in the market segmentation for marine hybrid propulsion systems.
Based on deadweight, the market is divided into three categories namely Less than 5,000 DWT, 5,000-10,000 DWT, and More than 10,000 DWT.
Diesel-electric, Gas-electric, and other types of hybrid propulsion systems are included in the market segmentation for marine applications.
Regional Insights
The Asia-Pacific marine hybrid propulsion system market region will rule this market. The market will be driven by quickly expanding exchange between countries, propelling innovation, and moving fuel costs. The Asia Pacific area's quickest developing country is anticipated to be India. This is principally a consequence of developing clinical the travel industry, expanding information on possibilities considering agreements and outsiders, and extending business and vacationer areas.
Europe's marine hybrid propulsion system market represents the second-biggest market share. The deep-rooted shipbuilding area, which makes complex military vessels including ships, voyage ships, uber yachts, and submarines, is credited with the development.
The North American marine hybrid propulsion system Market is supposed to develop at the quickest CAGR from 2023 to 2030. The market in the North American area is extending essentially because of developing exchange and the travel industry, longing for eco-friendly innovation, and severe discharge regulations.
Major Players
Key Companies in the marine hybrid propulsion system market are Mitsubishi Heavy Industries Ltd. (Japan), Siemens Torqeedo GmbH (Germany), AG (Germany), ABB Ltd. (Switzerland), Caterpillar Inc. (U.S.), General Electric Company (U.S.), Wartsila Corporation (Finland), BAE Systems (U.K), Steyr Motors GmbH (Austria), Schottel GmbH (Germany) MAN Diesel & Turbo SE (Germany), and Rolls-Royce plc (U.K.).
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET, BY TYPE
- 1.2 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET, BY DEADWEIGHT
- 1.2.1 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET, BY APPLICATION
- 1.2.2 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET, BY SHIP TYPE
- 1.2.3 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET, BY REGION
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 RESEARCH PROCESS
- 3.2 PRIMARY RESEARCH
- 3.3 SECONDARY RESEARCH
- 3.4 MARKET SIZE ESTIMATION
- 3.5 TOP DOWN & BOTTOM-UP APPROACH
- 3.6 FORECAST MODEL
- 3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 INCREASING DEMAND FOR ELECTRIC PROPULSION TECHNOLOGY IN SHIPBUILDING
- 4.2.2 GROWING SEABORNE TRADE ACTIVITIES
- 4.2.3 DRIVERS IMPACT ANALYSIS
- 4.3 RESTRAINTS
- 4.3.1 VOLATILITY IN CRUDE OIL PRICES
- 4.3.2 RESTRAINTS IMPACT ANALYSIS
- 4.4 OPPORTUNITIES
- 4.4.1 GROWING COLLABORATION AND ACQUISITION COUPLED WITH INNOVATIONS
- 4.5 IMPACT OF COVID-19 ON GLOBAL ECONOMY
- 4.6 IMPACT OF COVID-19 ON THE GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET
- 4.7 SUPPLY CHAIN IMPACT
- 4.7.1 IMPACT ON MANUFACTURER/DEVELOPER
- 4.7.2 IMPACT ON COMPONENT/SERVICES SUPPLIER
- 4.7.3 IMPACT ON DISTRIBUTION/LOGISTICS
- 4.7.4 IMPACT ON CONSUMER
5 MARKET FACTOR ANALYSIS
- 5.1 SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1 R&D
- 5.1.2 MANUFACTURING
- 5.1.3 DISTRIBUTION & SALES
- 5.1.4 POST-SALES MONITORING
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 BARGAINING POWER OF BUYERS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY
6 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET, BY TYPE
- 6.1 OVERVIEW
- 6.2 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET SIZE, MARKET ESTIMATES & FORECAST BY TYPE, 2023-2030
- 6.2.1 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET SIZE: MARKET ESTIMATES & FORECAST BY TYPE, 2023-2030
7 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET, BY DEADWEIGHT
- 7.1 OVERVIEW
- 7.2 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET SIZE: MARKET ESTIMATES & FORECAST BY DEADWEIGHT, 2023-2030
- 7.2.1 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET SIZE: MARKET ESTIMATES & FORECAST BY DEADWEIGHT, 2023-2030
8 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET, BY APPLICATION
- 8.1 OVERVIEW
- 8.2 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET SIZE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2030
- 8.2.1 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET SIZE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2030
9 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET, BY SHIP TYPE
- 9.1 OVERVIEW
- 9.2 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET SIZE: MARKET ESTIMATES & FORECAST BY SHIP TYPE, 2023-2030
- 9.2.1 GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET SIZE: MARKET ESTIMATES & FORECAST BY SHIP TYPE, 2023-2030
10 GLOBAL DRONE LOGISTICS AND TRANSPORATION MARKET, BY REGION
- 10.1 OVERVIEW
- 10.2 NORTH AMERICA
- 10.2.1 U.S.
- 10.2.2 CANADA
- 10.2.3 MEXICO
- 10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 RUSSIA
- 10.3.3 UK
- 10.3.4 ITALY
- 10.3.5 SPAIN
- 10.3.6 REST OF EUROPE
- 10.4 ASIA PACIFIC
- 10.4.1 CHINA
- 10.4.2 INDIA
- 10.4.3 JAPAN
- 10.4.4 SOUTH KOREA
- 10.4.5 REST OF ASIA PACIFIC
- 10.5 MIDDLE EAST & AFRICA
- 10.5.1 SAUDI ARABIA
- 10.5.2 UAE
- 10.5.3 SOUTH AFRICA
- 10.5.4 REST OF MIDDLE EAST & AFRICA
- 10.6 SOUTH AMERICA
- 10.6.1 BRAZIL
- 10.6.2 ARGENTINA
- 10.6.3 REST OF SOUTH AMERICA
11 COMPETITIVE LANDSCAPE
- 11.1 COMPETITIVE OVERVIEW
- 11.2 COMPETITIVE BENCHMARKING
- 11.3 MAJOR PLAYERS IN THE GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET
- 11.1 MAJOR GROWTH STRATEGIES IN THE GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET
- 11.2 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE GLOBAL MARINE HYBRID PROPULSION SYSTEM MARKET
- 11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.3.1 CONTRACTS AND PRODUCT INTEGRATIONS
- 11.3.2 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
- 11.3.3 ACQUISITION
12 COMPANY PROFILES
- 12.1 GENERAL ELECTRIC COMPANY
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS/SERVICES OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGIES
- 12.2 ROLLS-ROYCE PLC
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGIES
- 12.3 SIEMENS AG
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS/SERVICES OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGIES
- 12.4 BAE SYSTEMS
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGIES
- 12.5 MAN ENERGY SOLUTIONS SE
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS/SERVICES OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGIES
- 12.6 MITSUBISHI HEAVY INDUSTRIES, LTD.
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS/SERVICES OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGIES
- 12.7 WARTSILA OYJ ABP
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS/SERVICES OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGIES
- 12.8 ABB
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 SWOT ANALYSIS
- 12.8.6 KEY STRATEGIES
- 12.9 CATERPILLAR INC.
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS/SERVICES OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 SWOT ANALYSIS
- 12.9.6 KEY STRATEGIES
- 12.10 CUMMINS INC.
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS/SERVICES OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 SWOT ANALYSIS
- 12.10.6 KEY STRATEGIES
- 12.11 THALES GROUP
- 12.11.1 COMPANY OVERVIEW
- 12.11.2 FINANCIAL OVERVIEW
- 12.11.3 PRODUCTS OFFERED
- 12.11.4 KEY DEVELOPMENTS
- 12.12 AB VOLVO PENTA
- 12.12.1 COMPANY OVERVIEW
- 12.12.2 FINANCIAL OVERVIEW
- 12.12.3 PRODUCTS OFFERED
- 12.12.4 KEY DEVELOPMENTS
- 12.13 ZF FRIEDRICHSHAFEN AG
- 12.13.1 COMPANY OVERVIEW
- 12.13.2 FINANCIAL OVERVIEW
- 12.13.3 PRODUCTS OFFERED
- 12.13.4 KEY DEVELOPMENTS
- 12.14 IHI POWER SYSTEMS CO., LTD.
- 12.14.1 COMPANY OVERVIEW
- 12.14.2 FINANCIAL OVERVIEW
- 12.14.3 PRODUCTS/SERVICES OFFERED
- 12.14.4 KEY DEVELOPMENTS
- 12.15 TORQEEDO GMBH
- 12.15.1 COMPANY OVERVIEW
- 12.15.2 FINANCIAL OVERVIEW
- 12.15.3 PRODUCTS OFFERED
- 12.15.4 KEY DEVELOPMENTS
- 12.16 MASSON-MARINE S.A.S
- 12.16.1 COMPANY OVERVIEW
- 12.16.2 FINANCIAL OVERVIEW
- 12.16.3 PRODUCTS/SERVICES OFFERED
- 12.16.4 KEY DEVELOPMENTS
- 12.17 ASPIN KEMP & ASSOCIATES INC.
- 12.17.1 COMPANY OVERVIEW
- 12.17.2 FINANCIAL OVERVIEW
- 12.17.3 PRODUCTS/SERVICES OFFERED
- 12.17.4 KEY DEVELOPMENTS
- 12.18 SCHOTTEL GMBH
- 12.18.1 COMPANY OVERVIEW
- 12.18.2 FINANCIAL OVERVIEW
- 12.18.3 PRODUCTS OFFERED
- 12.18.4 KEY DEVELOPMENTS
13 APPENDIX