Marine Hybrid Propulsion Market Research Report and Forecast Marine Hybrid Propulsion Market - Global Industry | 页面 2

propulsion systems to optimize operational performance. Development in
technology originating from the hybrid automotive industry has assisted technology
developers in designing efficient and economical marine hybrid propulsion systems.
Market attractiveness analysis was carried out for the marine hybrid propulsion
industry on the basis of end-use. Market attractiveness was estimated on the basis
of consumer preferences that directly impact the market.
Global Hybrid Propulsion Market: Trends and Opportunities
Marine engineering companies are committed to developing efficient propulsion
technologies. Several technology developers have collaborated with vessel
operators to develop propulsion systems which offer increased power density
coupled with fuel efficiency. Several major port authorities and maritime
organizations have declared emission standards for vessels operating in designated
areas. Shipping operators are obligated to comply with emission regulations while
operating in those areas. Marine hybrid propulsion system is a cost-efficient option
to meet the NOx Emission Control Area (NECA) and Sulfur Emission Control Area
(SECA) requirements. The new International Maritime Organization (IMO) regulations
on ship emissions are imposed starting in 2015 in Emission Control Areas (ECAs). As
marine regulations are being primarily imposed in the coastal regions of Europe and
North America, the majority of the development in the hybrid propulsion market is
being witnessed only in these regions. Factors driving the demand for marine hybrid
systems are growing seaborne trade, raw material prices, increasing investments in
shipping industries, and regulations and policies to minimize carbon emissions in
different regions.
Global Hybrid Propulsion Market: Key Segments
The marine hybrid propulsion market has been segmented into three broad
categories on the basis of configuration as diesel-electric, parallel, and serial hybrid
systems. The marine hybrid propulsion market was also analyzed on the basis of
end-users as tugboats & OSV’s, ferries, defense vessels, and others. The marine
hybrid propulsion market was analyzed across five geographies: North America,
Europe, Asia Pacific, Middle East & Africa, and Latin America. Although hybrid
propulsion systems are being widely adopted across the world, the major share of
development is witnessed in Europe alone. Regional data has been provided for
each sub-segment of the marine hybrid propulsion market.
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Companies Mentioned in Report
Key market participants in the marine hybrid propulsion market include Siemens AG,
General Electric, BAE Systems plc, Wartsila, and MAN Diesel & Turbo SE among