The global marine auxiliary engine market is expected to generate a revenue of close to US$ 2 billion by 2022.
Global Marine Auxiliary Engine Market 2018-2022, 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 gradual adoption of LNG over conventional marine fuel. In the shipping industry, approximately 70% of fuel demands is attributed to the container shipping; bulk carrier, general cargo; and tanker, which includes crude and chemical products, sectors. The shipping industry used a broadrange of fuel like hydrofluoroolefin (HFO), marine diesel oil (MDO), marine gas oil (MGO), LNG, and bio gas.
According to the report, one driver in the market is growth of commercial shipping. Globalization has directly affected the growth of the commercial shipping. As economies across the world are interlinked, the health of the global economy affects the global trade volume.
Further, the report states that one challenge in the market is impact of BREXIT. The EU consists of 28-member states, and some of the world's largest container and passenger ports are situated in its territory, including Rotterdam, Hamburg, Antwerp, and Piraeus. Some of the consequences of the BREXIT crisis that occurred were, Domino effect and end of leasing contract.
- Deere & Company
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Engine Type
8. Market Segmentation by Engine Capacity
9. Market Segmentation by Vessel Type
10. Customer Landscape
11. Regional Landscape
12. Decision Framework
13. Drivers and Challenges
14. Market Trends
15. Vendor Landscape
16. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/xlxzfx/marine_auxiliary?w=4