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Marine Engines Market by Power’000 HP, Vessel, Type, Fuel - Global forecast to 2021

The report "Marine Engines Market” by Power’000 HP (up to 1HP, 1-5HP, 5-10HP, 10-20HP & Above 20HP), Vessel Type (Commercial & Offshore Support Vessels), Fuel (Heavy Fuel, Intermediate Fuel, Marine Diesel & Marine Gas Oil), & Region - Global forecast to 2021", The global marine engines market is expected to grow from an estimated USD 11.14 Billion in 2016 to USD 13.53 Billion 2021 at a CAGR of 3.85%. Growth in the marine engines market will be majorly driven by rise in the ship-building industry as well as increased maritime trade and stringent emission norms.

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Marine Engines Market by Power’000 HP, Vessel, Type, Fuel - Global forecast to 2021

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  1. Marine Engines Market by Power’000 HP, Vessel, Type, Fuel - Global forecast to 2021 www.MarketsandMarkets.com

  2. Commercial vessels will continue to remain the largest market for marine engines by vessel type Commercial vessels, as a consequence of increased ship-building orders for gas carriers and bulk carriers, will continue have the largest market share for marine engines by vessel type, largely driven by rising economic growth in South Asia and South-east Asia. There will also be an increased demand for pleasure vessels in Europe and North America especially in yachts and luxury cruises. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=261640121

  3. Stringent emission norms will increase demand for gas-powered and dual-fuel marine engines HFO (Heavy Fuel Oil) based marine engines have always dominated the marine engines market, and will continue to hold the larger share in the marine engines market segment by fuel type. With, recent emission norms announced by IMO and other organizations such as US EPA, there will be an increase in share of the cleaner-fuel mix segments of marine engines as a result of an increased demand for marine engines based on IFO, MDO, MGO, and dual-fuel marine engines as well as gas-powered marine engines. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=261640121

  4. Browse >> 75 market data tables 49figures 165 pagesand in-depth TOC on “Marine EngineMarket - Global Forecast to 2021” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  5. Asia-Pacific will dominate the marine engines market Asia-Pacific will remain the largest market for marine engines for the projected period 2016 to 2021. The growth will be mainly driven by rise in the ship-building industry in China as well as Japan and South Korea. China, Japan, and South Korea constituted more than 80% of ship-building activity in 2015, and more investments, particularly in China, for the ship-building industry. Another factor attributing to the growth will be rise in maritime trade in South-east Asia spearheaded by China and other emerging economies in the region such as Indonesia. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=261640121

  6. Target Audience: • The target audience of this report includes: • Marine engines manufacturers • Ship-building companies • Marine engines ancillary parts suppliers • Government and Industry Associations • Investment and Consulting Firms • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=261640121

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the CHP market. These include • MAN Diesel & Turbo SE (Germany) • Wärtsilä(Finland) • Caterpillar, Inc. (U.S.) • Mitsubishi Heavy Industries (Japan) • Rolls-Royce Power Systems AG (Germany) • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=261640121

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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