Transparency Market Research, New York:

  • The analysts of the Transparency Market Research repot have projected the demand in the global marine hybrid propulsion market to proliferate at a notable CAGR of 4% during the forecast period of 2019 to 2027.
  • The analysts have also forecasted the opportunities in this market to translate into a revenue of US$7,586.41 Mnby the end of 2027, swelling up from its evaluated worth of US$3,550.40 Mn in
  • Based on propulsion type, the market has been segmented into diesel-electric, serial hybrid, and parallel hybrid, whereas on the basis of end use, the analysts have bifurcated the market into tugboats, ferries, defense vessels, offshore support vessels (OSV’s), yacht, and cruise ships.
  • The market has also been classified on the basis of power rating, stroke, and RPM. Geographically, the report highlights Europe as the region that is providing for the maximum demand in the global marine hybrid propulsion market, although the demand from Asia Pacific has been ascribed for an above-average CAGR  of 8%during the forecast period of 2019 to 2027.

Request for Covid-19 Impact Analysis on Marine Hybrid Propulsion Market: https://www.transparencymarketresearch.com/Covid19.php

Increased International Trade to Drive Global Marine Hybrid Propulsion Market

  • In the recent past, there has been a substantial increment in International trade, which has tremendously added to the demand for modes of water transportation that are cost effective as well as efficient.
  • Marine hybrid propulsion not only offer improved fuel efficiency but also adhere to stringent environmental regulations that a number of countries have installed owing to the growing concerns of global warming caused as a result of fossil fuel.
  • The system utilizes the unused capacity of the main diesel engine to generate electricity and store it in batteries for later use.  In recent years, marine hybrid propulsion systems have emerged as a reliable method of clean propulsion and a number of vessel categories are utilizing it. In addition to that, increased defense budget by various emerging economies, particularly for sea-based defense and maritime security and gradual adoption of LNG over conventional marine fuels are expected to open new opportunities in the global marine hybrid propulsion market. Moreover, the ease with which these systems can be configured and installed has helped the adoption substantially.

 

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php

Volatility of Crude oil Prices to Hamper the Global Marine Hybrid Propulsion Market

  • On the other hand, volatility of crude oil prices is the most prominent restraint over the true prosperity of the global marine hybrid propulsion market. The system utilizes the unused capacity of the main diesel engine to generate electricity and store it in batteries for later use.

 

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/3911

 

Asia Pacific to Offer Lucrative Prospects in Coming Years

  • Asia Pacific is likely to emerge as one of the prominent markets for this technology. Highly environment-conscious Europe and North America are expected to lead in the global market for marine hybrid propulsion in the future. On the other hand, the market for marine hybrid propulsion systems in Asia Pacific is still not as developed as in North America and Europe.
  • The towage and vessel operators providing services in this region are gradually shifting from conventional diesel to hybrid propulsion systems. Numerous attractive technologically advanced models are expected to be introduced in the future. The marine hybrid propulsion market might witness numerous collaborations between vessel operators and technology developers in the future.

 

Purchase Premium Research Report on Marine Hybrid Propulsion Market @ https://www.transparencymarketresearch.com/checkout.php

Major Developments in Global Marine Hybrid Propulsion Market

  • By the end of 2020, Rolls-Royce is planning to bring in to the market a range of completely integrated MTU hybrid propulsion systems for ships, yachts, workboats, ferries and patrol boats. The propulsion systems will have a power range extending from around 1,000kW-4,000kW per powertrain. By this the company aiming to provide significant benefits to customers. The combination of diesel engines and electric motors, in addition to batteries, will provide efficiency, environmental compatibility and the flexibility of the propulsion system.

 

Browse More Press Releases: https://www.transparencymarketresearch.com/press-releases.htm

Global Marine Hybrid Propulsion Market: Propulsion Type Analysis

  • Diesel-electric
  • Parallel Hybrid
  • Serial Hybrid

 

Global Marine Hybrid Propulsion Market: End-use Analysis

  • Tugboats
  • Offshore Support Vessels
  • Ferries
  • Defense Vessels
  • Yacht
  • Cruise Ships
  • Others

 

Global Marine Hybrid Propulsion Market: Power Rating Analysis

  • 0-300 kW
  • 301-500 kW
  • 501-800 kW
  • Above 801 kW

 

Global Marine Hybrid Propulsion Market: Stroke Analysis

  • Two Stroke
  • Four Stroke

 

Global Marine Hybrid Propulsion Market: RPM Analysis

  • 0-1,000 rpm
  • 1,001-2,500 rpm
  • Above 2,500 rpm

 

Global Marine Hybrid Propulsion Market: By Region/Country/Sub-region

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • France
    • K.
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

 

Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm

 

Explore Transparency Market Research’s award-winning coverage of the global Energy & Natural Resources Industry, 

Gas Turbine Services Market – The global gas turbine services market is divided on the basis of type of gas turbine into heavy duty gas turbine and aero derivatives. Currently, heavy duty type gas turbine is the leading segment owing to increase in the number of large gas fired plants. The industry can be further divided by rated capacity turbines are segmented into 1 to 40 MW, 40 to 120 MW, 120 to 300 MW, and above 300 MW. In terms of service, gas turbine services market is segmented into maintenance, repair and overhaul. Gas turbine services market is segmented on the basis of end user applications as original equipment manufacturer and non-original equipment manufacturer and in terms of applications, it is segmented as oil and gas, power generation and other industries.

 

Diamond Mining Market – High demand for diamond jewelry from emerging markets such as China, India, Brazil, and Thailand is driving the global diamond mining market. Rising demand for diamonds for use in industrial applications also boosts the global market. Diamonds that are not of commercial quality are used in industrial applications, such as grinding wheels for drilling, cutting, polishing applications, electronic chips, and laser components. Increasing demand for high-quality products from consumers has prompted companies across different industries to adopt high-quality cutting tools in their manufacturing operations.

 

Coal Water Slurry Market – Growth of the global power sector is expected to be another major driver of the global coal water slurry market during the forecast period, as increase in the demand for uninterrupted power supply in developing countries such as China and India led by frequent blackouts, power cuts, and load shedding calls for usage of steam turbines for power generation, wherein CWS is used as an alternative source of fuel.

 

Booster Compressor Market – The pressure can be maintained for limited period of time and cannot be used for regular or continuous operations. The compression of gas or air increases the temperature of the system. Most of the heat is carried away by the compressed gas, while the compressor components get heated with the contact of hot air. Water jackets or external fins are provided to reduce the temperature of booster compressor.

 

Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm

 

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

 

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/marine-hybrid-propulsion-market.htm
Website: http://www.transparencymarketresearch.com