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Marine Hybrid Propulsion System Market 2019 Demand, Development Trends, Business Strategy, Segmentation Analysis and Forecast to 2023

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A diesel-electric propulsion system with the provision for additional storage of electrical devices and enhanced controls is known as a hybrid electric propulsion system. The key components of a hybrid electric system include electric motor, generat
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Global Marine Hybrid
Propulsion System Market
Research Report: Forecast to
2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary
The development of the maritime sector is accredited to the progress in technologies such as marine hybrid
propulsion system. Market reports related to the energy and power industry have been presented by Market
Research Future which makes reports on other industry verticals that aims to analyze the current market
scenarios better. The market is anticipated to advance at a 6.5% CAGR in the period of the forecast.
The escalation in the commercial application of marine hybrid propulsion system is expected to increase
the market share significantly over the forecast period. The increasingly stringent regulation son emission
levels at sea are further expected to motivate the demand for marine hybrid propulsion system market. The
advanced efficiency of modern marine propulsion systems is expected to bolster the demand for the market
over the forecast period.
The key components of a hybrid electric system include electric motor, generator, electrical storage
devices, charging system for these electrical devices, and control system. Other components include an
engine that is either fueled by diesel or gasoline. At present, a more environment-friendly and cleaner fuel,
liquefied natural gas (LNG), is being increasingly used by commercial vessels.
Marine hybrid propulsion comes along with benefits such as, silent running at low speeds, which is perfect
for overnight travel. Marine hybrid propulsion is also widely used for emission-free running in harbors &
marinas. It also subsequently provides speed boost at propulsion full power. Marine hybrid propulsion also
allows for a highly flexible layout on board, as generators do not need to be positioned near the propeller
shafts. This permits the engine room to be positioned anywhere on board, rather than placing it in the center
of the hull where the comfort levels are typically greatest. Hybrid systems, therefore, are efficient and
provide significant cost savings, while addressing two of the largest comfort issues on board, noise and
vibration.
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Market Segmentation
The segmental analysis of the marine hybrid propulsion system market has been segmented on the basis of
deadweight, type, ship type, application, and region.
On the basis of type, the marine hybrid propulsion system market has been segmented into gas-electric,
diesel-electric and others.
On the basis of deadweight, the marine hybrid propulsion system market has been segmented into 5K-10K
DWT, Less Than 5K DWT and More Than 10K DWT.
The ship type based segmentation of the marine hybrid propulsion system market comprises of platform
supply vessel (PSV), Anchor Handling Tug Supply (AHTS) vessel, naval ships, motor ferry, cruise liner,
yachts, small cargo ships, and submarines.
On the basis of application, the marine hybrid propulsion system market is segmented into offshore drilling,
commercial, logistics, naval and others.
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Regional Analysis
The regional analysis of the marine hybrid propulsion system comprises of regions such as North America,
Europe, Asia Pacific and rest of the world.
The expansion of the market is attributed to the substantial growth in the application of hybrid marine
propulsion system to the recently built ships coupled with the upsurge in marine activity globally. The
market progress of marine hybrid propulsion system is principally accredited to the strict regulations for
emissions at sea level, and also has improved the marine hybrid propulsion system market in several
countries, which is expected to endure during the forecast years. The European region has accounted for
the chief share of the marine hybrid propulsion system market in 2016, where Norway, U.K., Poland, and
other well-known shipbuilding nations added, to the market development. Moreover, the Asia Pacific
region is expected to appear as one of the important markets for this technology owing to the present
deployment of the advanced marine hybrid propulsion system in the recently built ships.
Competitive Landscape
The market shows potential for demonstrating a greater comparative or differential value. The creation of
a strong value chain is moreover motivating the expansion of the market. The market competitors find
themselves in a favorable position with the ability to manage the pace of change. The market trends hint at
favorable development of the products that can bring in novelty to the product range and address the
customer need better. The presence of a productive entity is expected to generate more sales or superior
margins compared to its market rivals. The advent of new technology has boosted the growth potential of
the market. Substantial cutbacks in administrative finances are bringing further development to the market.
The significant competitors in the marine hybrid propulsion system market are Siemens AG (Germany),
Caterpillar Inc. (U.S.), Mitsubishi Heavy Industries, Ltd. (Japan), Torqeedo GmbH (Germany), Steyr
Motors GmbH (Austria), General Electric Company (U.S.), Wartsila Corporation (Finland), ABB Ltd.
(Switzerland), MAN Diesel & Turbo SE (Germany), BAE Systems (U.K), Schottel GmbH (Germany) and
Rolls-Royce plc (U.K.).
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Global Non-Volatile Memory Market Research Report: Forecast to 2023
owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.
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Copyright © 2017 Market Research Future.
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dhanashree.pawar
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