Global Marine Turbine Propulsion Engine Market 2017-2021

Global Marine Turbine Propulsion Engine Market 2017-2021

  • December 2017 •
  • 83 pages •
  • Report ID: 5256500 •
  • Format: PDF
About Marine Turbine Propulsion Engine

The first kind of mechanical marine propulsion engine was the steam engine that came into existence during the 19th century. From the 20th century onward, steam engines have been increasingly substituted by two-stroke and four-stroke diesel engines and gas turbine engines. Marine propulsion is the mechanism to generate thrust for the movement of vessels across water bodies. Most modern ships today use mechanical systems that comprise motors or engines turning the propeller. The turbine propulsion technology is one of the many propulsion technologies available and is slowly gaining importance over the diesel propulsion technology. The growth can be attributed to the efficiency and environmental benefits of the turbine propulsion technology.

Technavio’s analysts forecast the global marine turbine propulsion engine market to grow at a CAGR of 5.11% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global marine turbine propulsion engine market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio’s report, Global Marine Turbine Propulsion Engine 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.

Key vendors
• GE
• Hyundai Heavy Industries
• Kawasaki Heavy Industries
• Mitsubishi Heavy Industries
• Rolls-Royce

Other prominent vendors
• UEC
• Zorya-Mashproekt

Market driver
• Surge in commercial shipping
• For a full, detailed list, view our report

Market challenge
• Deteriorated shipbuilding industry in Greece
• For a full, detailed list, view our report

Market trend
• Rising adoption of marine hybrid propulsion technology
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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