LONDON--(BUSINESS WIRE)--Technavio has been monitoring the hybrid electric marine propulsion engine market and it is poised to grow by USD 1.77 billion during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
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At what CAGR is the market projected to grow during the forecast period 2020-2024?
A. Growing at a CAGR of almost 8%, the market growth will accelerate in the forecast period. -
What is the key factor driving the market?
A. Stringent emission regulations. -
Who are the top players in the market?
A. AB Volvo, BAE Systems Plc, Beta Marine Ltd., Caterpillar Inc., Cummins Inc., General Electric Co., MAN SE, Oceanvolt, Rolls-Royce Plc, and Wärtsilä Corp. are the top players in the market. -
Which region is expected to hold the highest market share?
A. APAC.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, BAE Systems Plc, Beta Marine Ltd., Caterpillar Inc., Cummins Inc., General Electric Co., MAN SE, Oceanvolt, Rolls-Royce Plc, and Wärtsilä Corp. are some of the major market participants. Although the stringent emission regulations will offer immense growth opportunities, the availability of substitutes and maintenance complexities will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Hybrid Electric Marine Propulsion Engine Market 2020-2024: Segmentation
Hybrid Electric Marine Propulsion Engine Market is segmented as below:
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Application
- Commercial
- Leisure
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Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Hybrid Electric Marine Propulsion Engine Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our hybrid electric marine propulsion engine market report covers the following areas:
- Hybrid Electric Marine Propulsion Engine Market size
- Hybrid Electric Marine Propulsion Engine Market trends
- Hybrid Electric Marine Propulsion Engine Market industry analysis
This study identifies volatility in crude oil and natural gas prices as one of the prime reasons driving the hybrid electric marine propulsion engine market growth during the next few years.
Hybrid Electric Marine Propulsion Engine Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the hybrid electric marine propulsion engine market, including some of the vendors such as AB Volvo, BAE Systems Plc, Beta Marine Ltd., Caterpillar Inc., Cummins Inc., General Electric Co., MAN SE, Oceanvolt, Rolls-Royce Plc, and Wärtsilä Corp. Backed with competitive intelligence and benchmarking, our research reports on the Hybrid Electric Marine Propulsion Engine Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Hybrid Electric Marine Propulsion Engine Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist hybrid electric marine propulsion engine market growth during the next five years
- Estimation of the hybrid electric marine propulsion engine market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hybrid electric marine propulsion engine market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hybrid electric marine propulsion engine market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- Commercial - Market size and forecast 2019-2024
- Leisure - Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AB Volvo
- BAE Systems Plc
- Beta Marine Ltd.
- Caterpillar Inc.
- Cummins Inc.
- General Electric Co.
- MAN SE
- Oceanvolt
- Rolls-Royce Plc
- Wärtsilä Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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