Showing posts with label Marine Hybrid Propulsion. Show all posts
Showing posts with label Marine Hybrid Propulsion. Show all posts

Thursday, 14 January 2016

Global Marine Hybrid Propulsion Systems Market to Exhibit 8.02% CAGR from 2014-2022 due to Steady Demand from North America, Europe


Leading market analysis and intelligence company Transparency Market Research (TMR) has announced the release of a new market study report. The report studies the global marine hybrid propulsion systems market and presents forecasts for the development of the same through the forecast period from 2014 to 2022. The report collates historical data regarding the development of the marine hybrid propulsion systems market up to 2013 and bases future projections on reliable analysis of the same

Marine hybrid propulsion systems consist of powertrains similar in principle to the ones used in hybrid cars. Unlike conventional marine propulsion systems, which use diesel or other fossil fuels for propulsion, hybrid propulsion systems are a combination of conventional and renewable propulsion systems. They can be made to run in either fossil-fuel-only configuration, renewable-only configuration, or a variable combination of the two, depending on the circumstances.

The global marine hybrid propulsion systems market is rising primarily due to the environmental benefits provided by these systems. Due to the relatively low volume of conventional fossil fuels used in marine hybrid propulsion systems, harmful emissions are released at lower concentrations. The availability of a battery backup also helps a vessel prolong its operating time. The report examines the effect of these driving factors on the global marine hybrid propulsion systems market, as well as the roadblock presented by major restraints acting on the market.


On the basis of configuration of the propulsion system, TMR has segmented the global marine hybrid propulsion systems market into diesel-electric propulsion systems, serial hybrid propulsion systems, and parallel hybrid propulsion systems. Diesel-electric marine hybrid propulsion systems, which are the easiest to install owing to the widespread preinstalled base of diesel propulsion systems, dominated the global marine hybrid propulsion systems market in 2013. On the other hand, serial and parallel marine hybrid propulsion systems are expected to experience growth in demand at high rates in the forecast period.

Among the various end users of marine hybrid propulsion systems, ferries exhibit the dominant share in the total demand from the global market. Ferries, which usually operate in inland waterways in close proximity to civilian population, are subject to particularly stringent emission regulations and thus in need of fuel-efficient propulsion systems. Tugboats and other offshore support vehicles as well as luxury and other tourist boats and yachts have also increasingly started to utilize marine hybrid propulsion systems.

Defense vessels, the other major end user of marine propulsion systems, are also increasingly being fitted with hybrid powertrains, since a significant part of the activity of defense vessels consists of cruising at relatively low speeds, where electric propulsion becomes a drastically more efficient means than diesel engines.

The presence of strict emission regulations in emission control areas (ECA) such as the Eastern Seaboard of North America, the North Sea, and the Baltic Sea, has led to rapid development of the global marine hybrid propulsion systems market in recent years. The proposed expansion and initiation of new ECAs will further boost the marine hybrid propulsion systems market.

Accordingly, countries in and around ECAs, including the U.K., the Netherlands, the U.S., and Norway are among the leading regional segments of the global marine hybrid propulsion systems market. Europe and North America are expected to remain the leading regional markets for the marine hybrid propulsion systems market.

The global marine hybrid propulsion systems market is segmented as follows:

Marine Hybrid Propulsion Market: Configuration Analysis

  • Diesel-electric
  • Parallel
  • Serial

Marine Hybrid Propulsion Market: End-use Analysis

  • Tugboats and OSVs
  • Ferries
  • Defense Vessels
  • Others
Marine Hybrid Propulsion Market: Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • South and Central America
  • Middle East
  • Africa

About Us

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

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

Friday, 21 August 2015

Global Marine Hybrid Propulsion Market: Adoption of Efficient Fuel Technologies by Shipping Companies to Boost Market Growth at 8.02% CAGR

The global marine hybrid propulsion market to grow at a CAGR of 8.02% during the period between 2014 and 2022. The overall market was worth US$2,240 million in 2013 and is expected to reach a valuation of US$4,455.88 million by 2022.

Browse Marine Hybrid Propulsion Market Report with Full TOC at http://www.transparencymarketresearch.com/marine-hybrid-propulsion-market.html

Marine hybrid propulsion systems are particularly helpful to marine vessel operators who are challenged by fluctuating fuel prices and growing environmental restrictions. Fuel charges constitute a significant share of a vessel’s operating expenses. Efficient fuel technologies such as hybrid propulsion systems help reduce the operating expenses and increase profit margins. The report points out that the low fuel consumption of hybrid marine propulsion systems as compared to conventional propulsion systems has increased the adoption of hybrid marine propulsion systems by shipping companies. Flexible power and design configuration requirements in offshore support vessels and anchor handling systems will also propel the global marine hybrid propulsion market.

However, the report states that the usage of clean fuel in conventional propulsion systems will significantly impact the adoption of hybrid propulsion systems. The global marine hybrid propulsion market has a huge opportunity to grow with the expansion of emission control areas which will augment the demand for marine hybrid propulsion systems. On the basis of configuration, the report segments the global marine hybrid propulsion market into parallel hybrid, diesel-electric, and serial hybrid. Diesel-electric systems are extensively used and are expected to dominate the market during the forecast horizon. However, serial hybrid and parallel hybrid configurations are estimated to witness significant growth in the near future.


Depending on the end use, the report categorizes the global marine hybrid propulsion market into ferries, defense vessels, tugboats and offshore support vessels, and others. Marine hybrid propulsion systems are majorly used by ferry operators in coastal areas and inland waterways, owing to stringent emission norms. Tugboats and offshore support vessels are increasingly adopting marine hybrid propulsion systems to improve fuel efficiency. Luxury yachts and small tourist boats are also emerging as major adopters of marine hybrid propulsion systems.

The report studies the marine hybrid propulsion market in four key regions: Europe, North America, Asia Pacific, the Middle East, Africa, and South and Central America. Europe has evolved as a major market for marine hybrid propulsion systems in recent years. Some of the prominent players in the global marine hybrid propulsion market are General Electric, Siemens AG, Imtech Marine, Caterpillar Inc., and BAE Systems.

Browse TMR Blog Research Reports Marine Hybrid Propulsion Market http://www.tmrblog.com/2015/06/global-marine-hybrid-propulsion-market.html

The global market for marine hybrid propulsion systems has been segmented as follows:

Marine Hybrid Propulsion Market: Configuration Analysis

  • Diesel-electric
  • Parallel
  • Serial

Marine Hybrid Propulsion Market: End-use Analysis

  • Tugboats & OSVs
  • Ferries
  • Defense Vessels
  • Others

Marine Hybrid Propulsion Market: Regional Analysis

North America

U.S.
Rest of North America

Europe

Norway
Netherlands
U.K.
Rest of Europe

Asia Pacific

China
Japan
Singapore
Rest of Asia Pacific

South & Central America

Middle East
Africa


About Us

Transparency Market Research (TMR) is a 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. TMR's 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.Nachiket
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453


Wednesday, 24 June 2015

Marine Hybrid Propulsion Market Share 2014 - 2022

The global revenue for marine hybrid propulsion systems stood at USD 2,240.00 million in 2013 and is expected to reach USD 4,455.88 million by 2022 at a CAGR of 8.02% from 2014 to 2022.

Browse Marine Hybrid Propulsion Market Report with Full TOC at http://www.transparencymarketresearch.com/marine-hybrid-propulsion-market.html

The primary beneficiaries of the flexibility of marine hybrid propulsion systems are marine vessels with several varying load profiles. Vessel operators are facing several operational challenges in the face of growing environmental restrictions and fluctuating fuel prices. Investment in marine hybrid propulsion systems is an effective means to meet the current marine operating requirements. Fuel charges account for a significant share of a vessel’s operating expenditure. As a result, shipping liners are adopting efficient fuel technologies such as hybrid propulsion to increase profit margins. In this report, marine vessels have been broadly segmented into four categories on the basis adoption of marine hybrid propulsion systems. Tugboats and offshore support vessels, ferries, defense vessels, and other vessels (others) are the major segments considered in this report. The others segment primarily comprises luxury boats, yachts, and autonomous underwater vehicles.

Currently, ferry operators are the major adopters of marine hybrid propulsion systems across the world. These vessels primarily operate in coastal areas and inland waterways, where emission norms are more stringent than in deep-sea areas. Tugboats and offshore support vessels have been identified as among the most lucrative segments in terms of investment in marine hybrid propulsion technology. Tugboats are among the essential vessels used primarily within port limits to maneuver large vessels. These boats are designed to perform a wide variety of tasks across the entire power spectrum. It has been observed that tugboats and offshore support vessels operate at low engine load most of the time. Marine hybrid propulsion systems are designed to take advantage of the duty cycle variability, which ultimately improves the fuel efficiency of the tugboat and offshore support vessels. Luxury yachts and small tourist boats are also emerging as one of the major adopters of marine hybrid propulsion systems. As a result, several yacht and boat designers are developing new hybrid models to attract more investment in this market.


In terms of configuration, the market has been segmented into three categories as diesel-electric, parallel, and serial hybrid systems. Diesel-electric systems are the most widely used technology configuration in the marine hybrid propulsion market. However, this configuration does not strictly fit the criteria of marine hybrid propulsion system, as there is no facility for the storage of electric energy in this system. Although diesel-electric configuration continues to remain the dominant product type in this market, parallel and serial systems are anticipated to witness attractive growth rate in the future. Some of the major companies operating in this market are Siemens AG, General Electric, Rolls-Royce plc, BAE Systems plc, MAN Diesel & Turbo SE, Caterpillar Inc., Aspin Kemp & Associates, and SCHOTTEL Group. Overall, the investment outlook for the marine hybrid propulsion market is positive globally with a slightly greater preference for tugboats and ferry installations.

The global market for marine hybrid propulsion systems has been segmented as follows:

Marine Hybrid Propulsion Market: Configuration Analysis

  • Diesel-electric
  • Parallel
  • Serial

Marine Hybrid Propulsion Market: End-use Analysis

  • Tugboats & OSVs
  • Ferries
  • Defense Vessels
  • Others

Marine Hybrid Propulsion Market: Regional Analysis

North America
U.S.
Rest of North America

Europe
Norway
Netherlands
U.K.
Rest of Europe

Asia Pacific
China
Japan
Singapore
Rest of Asia Pacific

South & Central America
Middle East
Africa


About Us

Transparency Market Research (TMR) is a 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. TMR's 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.Nachiket
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453