Dublin, June 20, 2023 (GLOBE NEWSWIRE) -- The "Marine Gensets: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Marine Gensets estimated at US$5.1 Billion in the year 2022, is projected to reach a revised size of US$7 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.
Commercial Vessels, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$3.6 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Defense Vessels segment is readjusted to a revised 4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 5.4% CAGR
The Marine Gensets market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 5.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Select Competitors (Total 114 Featured) -
- ABB Ltd.
- Caterpillar, Inc.
- Cummins, Inc.
- Daihatsu Diesel MFG. Co., Ltd.
- Kohler Power Systems
- MAN Energy Solutions
- Mitsubishi Turbocharger and Engine Europe B.V.
- Sole Diesel
- Volvo Penta
- Wartsila Corporation
- Yanmar Holdings Co., Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 455 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $5.1 Billion |
| Forecasted Market Value (USD) by 2030 | $7 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 Pandemic and Looming Global Recession
- Year 2021 in Review and Near-term Outlook
- Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 through 2023
- Severe Impact of Pandemic on Supply Chain Networks Derails Market Momentum
- Global Losses in Supply Chain as a % of Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) in the Year 2020
- Global Marine Gensets Market under the COVID-19 Lens
- Sales of Recreational Boats, Watercrafts & Yachts Slump Impacting the Value Chain
- Leisure Marine Industry amid COVID-19 Pandemic
- Percentage of People Going to Boating Regularly in the US by Age Group: 2021
- Competitive Scenario
- Marine Gensets - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Marine Gensets: Delivering Required Thrust to Marine Transportation
- Marine Gensets Market: Prospects and Outlook
- Post Pandemic Rebounding of the Shipbuilding Industry Offers Strong Hope
- Key Challenges Impacting Industry Growth
- Commercial Vessels Segment Poised for High Growth
- Global Marine Gensets Market by Vessel Type (2021 & 2027): Percentage Breakdown of Sales for Commercial Vessels, Defense Vessels, Offshore Support Vessels, and Other Vessel Types
- Diesel Fuel Dominates Market
- Global Marine Gensets Market by Fuel (2021 & 2027): Percentage Breakdown of Sales for Diesel Fuel, Gas Fuel, and Hybrid Fuel
- Asian Economies to Spearhead Future Growth
- World Marine Gensets Market by Region (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
- World Marine Gensets Market - Geographic Regions Ranked by CAGR (Value Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Europe, Japan, and Canada
- An Introduction to Marine Gensets
- Primary Factors Influencing Selection of Prudent & Right Marine Generator
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Marine Gensets Market Sails Ahoy & Rides the Great Wave of Proliferating Demand
- Steady Growth in Seaborne Trade Volumes Drives Demand for Marine Gensets
- World Seaborne Trade: Total Volume of Goods Loaded in Billion Tons for the Years 2010 through 2020
- Seaborne Trade Outlook: Projected Seaborne Trade Volume in Billion Tons for the Years 2025, 2030 and 2035
- Seaborne Trade of Developing Economies: Percentage of World Tonnage by Goods Loaded and Goods Unloaded for the Years 2010, 2012, 2014, 2016 and 2018
- Rising Commercial Maritime Activity: Opportunity Indicator for Marine Gensets for Merchant Ships
- Rise in Number of Container Ships and Gas Carrier Marine Freight Worldwide: An Opportunity for the Market
- Percentage Share Breakdown of World Fleet in Dead-Weight Tonnage by Principal Vessel Type: 2018 & 2022E
- Number of Vessels (National Flag & Foreign or International Flag) by Select Countries: 2018
- Global Merchant Fleet by Flag of Registration for the Years 2012, 2015, 2018 and 2021E
- Naval Ships: Geopolitical Conflicts & Quest for Military Supremacy Widen the Business Case
- Healthy Defense Spending to Amplify the Need for Naval Ship Gensets: Projected Defense Budget (In US$ Billion) for the Years 2019, 2021 and 2023
- Shipbuilding Activity Trends Influence Dynamics of Marine Gensets Market
- New Orders for Cargo Vessels Market Worldwide: New Order Book by Vessel Type for 2021E
- Expected Growth in Demand for Superyachts Post Pandemic to Benefit Boat Manufacturing Activities
- Expected Gains in Yacht Building to Benefit OE Suppliers of Gensets: Global Number of Superyachts 100 FT or Larger (In Units) for Years 2017, 2019, 2022 & 2024
- Select Popular Boat Generators
- Offshore E&P Projects and Offshore Wind Projects Drive Demand for Marine Gensets Used in OSVs
- Offshore Exploration & Production Capital Expenditure in US$ Billion for 2019, 2022 and 2025
- Offshore Wind Power Capacity in GW for the Years 2018, 2020, 2022 and 2024
- Marine Gensets Market Stands to Gain from Prevailing Scenario in the FPSO Industry
- A Snapshot of Select Major Under Construction FPSO Projects Worldwide
- Expanding Fleet of High-Value Pleasure Vessels Presents Favorable Outlook for Marine Gensets Market
- Global Luxury Yacht Market (In US$ Billion) for the Years 2018, 2021 and 2024
- Total Number of Cruise Ships in Service for the Years 2019, 2020, 2023 & 2026
- How Tourism & Leisure Industry Is Impacted by the Pandemic & What's the New Normal?
- Global Tourism Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Superyachts Cruise Ahead Swiftly with Advances in Marine Generator Technology
- Hydroelectric Generators for Yachts Boast Smart Functions & Green Credentials
- Demand Rises for Hybrid-Fuel Powered Marine Gensets
- Variable Speed Generators, a Simple Yet Potent Technology to Achieve Energy Savings
- Relation Between Speed and Torque & Its Importance in Energy Efficiency
- Advancements in Marine Generators: A Review
- Kohler Develops Low CO Gasoline Marine Generator
- Growing Demand for Power in New Age Boats Throws Spotlight on Designing of Efficient Gensets
- Manufacturers Introduce Generators with Ignition-Protected Starters
- Rise in Use of Permanent Magnets in Generator Designs
- Advanced Electronic Control to Make Marine Diesel Gensets Competitive
- Magnet Shaft Generator Technology
- Variable Speed Generators for Commercial Ships
- Enhancing Comfort and Safety on Recreational Boats
- Stringent Environmental Regulations: A Major Market Deterrent for Diesel Gensets
- Pollutant Emissions from Diesel Engines: A Review
- Unique Challenges Encountered by Marine Gensets
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/fc7jqq
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