DUBLIN--(BUSINESS WIRE)--The "Global Marine Vessel Energy Efficiency Market 2017-2021" report has been added to Research and Markets' offering.
The analysts forecast the global marine vessel energy efficiency market to grow at a CAGR of 4.23% during the period 2017-2021.
Global Marine Vessel Energy Efficiency Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is evolution of hybrid designs. Dual fuel engines are those that use both liquid and gaseous fuels to run. These dual fuel engines mix absorbed air with natural gas, which is ignited by the diesel.
The natural gas gradually replaces the diesel at a substitution rate of 50%-70%, where the substitution rate refers to the portion of the total fuel energy that is provided by natural gas.
One driver in the market is alternative fuel and fuel engine innovations. The increase in globalization is one of the major factors driving the shipping industry, globally. It features world trade, connecting emerging markets with the developed markets, and the development of wider Blue Economy.
The technological developments in the marine vessel propulsion systems have led to a decline in the fossil fuel consumption by the shipping industry. This is mainly owing to the development of hybrid engines that operate on alternate fuels and offer higher energy efficiency with minimal emissions.
- Haldor Topsoe
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/6zpg2q/global_marine