Global Marine Power Systems Market 2017-2021

About Marine Power Systems

The marine auxiliary engine is used to generate electricity onboard marine vessels, which is termed as an auxiliary unit. Initially, steam turbine propulsion was used, which was later replaced by diesel, LNG, nuclear, and other fuels. Nuclear propulsion is used for naval purposes for its fast movement, and the other type of fuel ships are used for the commercial purposes. The auxiliary unit is designed to support the main engine and to ensure the proper functioning of the ship. It is widely used in tankers, containers, and cargo carriers. The auxiliary unit includes the pumps, compressor, and blowers for the circulation of fuels and fresh and sea water in the cooling system. In addition, it has a separator to remove dirt from the fuel oil, which is referred as the heart of the ship. The marine auxiliary engine works on heavy fuel oil (HFO) or diesel.

Technavio’s analysts forecast the global marine power systems market to grow at a CAGR of 4.32% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global marine power systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of marine power systems.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Marine Power Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Caterpillar
• Cummins
• Hyundai Heavy Industries
• MAN Diesel and Turbo
• Mitsubishi Heavy Industries
• Rolls-Royce
• Wärtsilä

Other prominent vendors
• Daihatsu
• Doosan
• Dresser-Rand
• Fairbanks Morse Engine
• Hydraulic Marine Systems
• Hydrosta
• Ingeteam
• Masson Marine
• MEGATECH
• Mercury Marine
• Niigata Power Systems
• Samsung Heavy Industries
• Siemens
• Volvo Penta
• Yamaha

Market driver
• Surge in commercial shipping
• For a full, detailed list, view our report

Market challenge
• Collapse of Greek shipbuilding industry
• For a full, detailed list, view our report

Market trend
• Gradual adoption of LNG over conventional marine fuel
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.