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Marine Hybrid Propulsion Market to Witness Widespread Expansion by 2020

Marine Hybrid Propulsion Market to Witness Widespread Expansion by 2020<br>

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Marine Hybrid Propulsion Market to Witness Widespread Expansion by 2020

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  1. Marine Hybrid Propulsion Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved

  2. About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

  3. Key Highlights the Global Marine Hybrid Propulsion Market The analysts of the Transparency Market Research repot have projected the demand in the global marine hybrid propulsion market to proliferate at a notable CAGR of 8.4% during the forecast period of 2019 to 2027. The analysts have also forecasted the opportunities in this market to translate into a revenue of US$7,586.41 Mn by the end of 2027, swelling up from its evaluated worth of US$3,550.40 Mn in 2018. Based on propulsion type, the market has been segmented into diesel-electric, serial hybrid, and parallel hybrid, whereas on the basis of end use, the analysts have bifurcated the market into tugboats, ferries, defense vessels, offshore support vessels (OSV’s), yacht, and cruise ships. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  4. Increased International Trade to Drive Global Marine Hybrid Propulsion Market • In the recent past, there has been a substantial increment in International trade, which has tremendously added to the demand for modes of water transportation that are cost effective as well as efficient. • Marine hybrid propulsion not only offer improved fuel efficiency but also adhere to stringent environmental regulations that a number of countries have installed owing to the growing concerns of global warming caused as a result of fossil fuel. • The system utilizes the unused capacity of the main diesel engine to generate electricity and store it in batteries for later use.  In recent years, marine hybrid propulsion systems have emerged as a reliable method of clean propulsion and a number of vessel categories are utilizing it. • In addition to that, increased defense budget by various emerging economies, particularly for sea-based defense and maritime security and gradual adoption of LNG over conventional marine fuels are expected to open new opportunities in the global marine hybrid propulsion market.

  5. Volatility of Crude oil Prices to Hamper the Global Marine Hybrid Propulsion Market On the other hand, volatility of crude oil prices is the most prominent restraint over the true prosperity of the global marine hybrid propulsion market. The system utilizes the unused capacity of the main diesel engine to generate electricity and store it in batteries for later use. ©2019 Transparency Market Research, All Rights Reserved

  6. Major players operating in the global marine hybrid propulsion market are Cummins Inc AB Volvo Penta Rolls-Royce Plc Nigata Power Systems Co., Ltd. Fairbanks Morse Engine Masson-Marine S.A.S Caterpillar Inc. BAE Systems plc Wartsila Corporation MAN Diesel & Turbo SE Request Sample ©2019 Transparency Market Research, All Rights Reserved

  7. To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact:Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY – 12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

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