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.
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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.
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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.
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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
Browse
Press Release Of Marine Hybrid Propulsion Market
http://www.transparencymarketresearch.com/pressrelease/marine-hybrid-propulsion-market.htm
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