Outlook for the global propulsion engine market for 2026

DUBLIN, November 25, 2021 / PRNewswire / – The report “Marine Propulsion Engine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” has been added to ResearchAndMarkets.com’s offer.

Logo for research and markets

Logo for research and markets

The global market for ship propulsion engines showed moderate growth in 2015-2020. A ship propulsion engine burns fuel and allows ships to move across the water. It consists of a piston, valves, towers, housings, bearings, base plates, crankshafts, crankshafts, flywheels, generators, transformers, gearboxes, control panels, rotor blades, electrical controls and cylinder blocks and liners. It has generators that supply electric power to engines and can run on heavy fuel or diesel fuel. Today, it is widely used in modern merchant ships and offshore support vessels as the prime mover across the globe.

The increasing international trade due to the increasing globalization and industrialization is escalating the demand for container vessels to transport a variety of products, such as oil, natural gas, mineral ore and consumer products. This represents one of the key factors driving global growth in the marine propulsion engine market. In addition, the increasing focus on reducing fossil fuel consumption and improving energy efficiency is escalating the use of electric propulsion engines for marine worldwide.

Apart from this, the emergence of nuclear propulsion and the growing preference for liquefied natural gas (LNG) further contribute to market growth. In addition to this, advances in technology and the growing environmental awareness result in the use of alternative fuels, such as biomethane and algae oils, to run marine propulsion engines with minimal exhaust emissions. In addition, market participants are focusing on increasing the efficiency of ship propulsion engines to increase the cargo capacity of the new generation of tankers, which is expected to boost market growth. Looking ahead, the publisher expects that the global market for propulsion engines for ships will grow by a CAGR of 3.5% during 2021-2026.

Competitive landscape:

The report has also analyzed the competitive landscape in the market with some of the key players 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 Wartsila Oyj Abp.

Key questions answered in this report:

  • How has the global market for ship propulsion engines worked so far, and how will it fare in the coming years?

  • What has been the impact of COVID-19 on the global ship propulsion engine market?

  • What are the main regional markets?

  • What is the division of the market based on the engine type?

  • What is the division of the market based on the power source?

  • What is the division of the market based on the power range?

  • What is the division of the market based on the type of vessel?

  • What are the different stages in the industry value chain?

  • What are the key driving factors and challenges in the industry?

  • What is the structure of the global market for propulsion engines for ships and who are the key players?

  • What is the degree of competition in the industry?

Key topics covered:

1 Preface

2 Scope and method

3 Summary

4 Introduction
4.1 Overview
4.2 Important industrial trends

5 Global market for marine propulsion engines
5.1 Market overview
5.2 Market performance
5.3 Effects on COVID-19
5.4 Market forecast

6 Market division by engine type
6.1 2-stroke engine
6.1.1 Market trends
6.1.2 Market forecast
6.2 4-stroke engine
6.2.1 Market trends
6.2.2 Market forecast

7 Market division by power source
7.1 Diesel
7.1.1 Market trends
7.1.2 Market forecast
7.2 Gas turbine
7.2.1 Market trends
7.2.2 Market forecast
7.3 Natural gas
7.3.1 Market trends
7.3.2 Market forecast
7.4 Steam turbine
7.4.1 Market trends
7.4.2 Market forecast
7.5 Fuel cell
7.5.1 Market trends
7.5.2 Market forecast
7.6 Others
7.6.1 Market trends
7.6.2 Market forecast

8 Market division by effect area
8.1 80-750 HP
8.1.1 Market trends
8.1.2 Market forecast
8.2 751-5000 HK
8.2.1 Market trends
8.2.2 Market forecast
8.3 5001-10000 HK
8.3.1 Market trends
8.3.2 Market forecast
8.4 10001-20,000 HK
8.4.1 Market trends
8.4.2 Market forecast
8.5 Over 20,000 HP
8.5.1 Market trends
8.5.2 Market forecast

9 Market division by vessel type
9.1 Bulk ships
9.1.1 Market trends
9.1.2 Market forecast
9.2 Container ships
9.2.1 Market trends
9.2.2 Market forecast
9.3 Passenger ships
9.3.1 Market trends
9.3.2 Market forecast
9.4 Support vessels
9.4.1 Market trends
9.4.2 Market forecast
9.5 Tankers
9.5.1 Market trends
9.5.2 Market forecast
9.6 Gas carriers
9.6.1 Market trends
9.6.2 Market forecast
9.7 Military vessels
9.7.1 Market trends
9.7.2 Market forecast
9.8 Others
9.8.1 Market trends
9.8.2 Market forecast

10 Market division by region

11 SWOT analysis

12 Value chain analysis

13 Porter’s Five Forces Analysis

14 Price analysis

15 Competitive landscape
15.1 Market structure
15.2 Key Players
15.3 Profiles of key players
15.3.1 AB Volvo Company overview Product portfolio Finance SWOT analysis
15.3.2 Caterpillar Inc. Company overview Product portfolio Finance SWOT analysis
15.3.3 Cummins Inc. Company overview Product portfolio Finance SWOT analysis
15.3.4 Fairbanks Morse Company overview Product portfolio
15.3.5 Hyundai Heavy Industries Group Company overview Product portfolio Finance
15.3.6 Man SE (Volkswagen Group) Company overview Product portfolio Finance SWOT analysis
15.3.7 Masson Marine Company overview Product portfolio
15.3.8 Mitsubishi Heavy Industries Ltd. Company overview Product portfolio Finance SWOT analysis
15.3.9 Rolls-Royce Plc Company overview Product portfolio
15.3.10 Wartsila Oyj Abp Company overview Product portfolio Finance SWOT analysis

For more information on this report, visit https://www.researchandmarkets.com/r/ohegii

Media contact:

Research and markets
Laura Wood, Senior Manager

For EST office hours Call + 1-917-300-0470
For US / CAN toll free call 1-800-526-8630
For GMT office hours Call + 353-1-416-8900

US Fax: 646-607-1904
Fax (outside the US): + 353-1-481-1716



See original content: https://www.prnewswire.com/news-releases/outlook-on-the-marine-propulsion-engine-global-market-to-2026—by-engine-type-power-source- power-range-vessel-type-and-region-301432166.html

SOURCE Research and markets

Leave a Comment