Single User License: Marine Propulsion Engine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 USD 4315.5     Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com Flat 10% Discount!! Free Customization as per your requirement You will get Custom Report at Syndicated Report price Report will be delivered with in 15-20 working days Request Sample Buy Now REPORT DESCRIPTION Marine propulsion is the mechanism or system designed to generate a thrust to move marine objects such as ships or boats across the water. Many small boats operate through paddles and sails. However modern ships are propelled by carefully designed propulsion systems consisting of electric motors or engines driving the propeller. Most modern ships use reciprocating engines as their primary source of power owing to their simplicity in operation, robustness, and fuel efficiency as compared to their counterparts. Although reciprocating engines are widely used globally due to low cost and operation simplicity, the emissions remain a primary concern while using them. Furthermore, many vendors are focusing on the design and development of propulsion engines that run on alternate fuels and are compliant with the standard emission norms. Browse Report with Full TOC at : http://www.transparencymarketresearch.com/marine-propulsionengine-market.html The worldwide rise in international trade through water transportation, owing to its cost-effectiveness, has led to an increase in demand for commercial ships, which subsequently propel the demand for marine propulsion engines. In addition, due to the new trend in defense sector, many nations are focusing on sea based defense and maritime security. With the growth of global naval shipbuilding industry, the market for marine propulsion engines is estimated to expand rapidly. The marine propulsion engine market can be segmented into various categories such as propulsion systems, power range, fuel type, application, and region. The propulsion system can be further segmented into two stroke engines, four stroke engines, diesel engines, and other engines. The power requirement of the ship depends on the operational usage, e.g. the passenger ship will require less power as compared to trade or naval ships. Furthermore, the marine propulsion engine can be categorized in terms of type of fuel used by the engine to produce power. Marine propulsion engines find application in commercial vessels, offshore support vessels, inland waterways vessels, and submarines, etc. The constant increase in demand for marine propulsion engines in such applications is projected to drive the global marine propulsion engine market over the next eight years. Asia Pacific is anticipated to be the fastest growing market for marine propulsion engines in the next few years. This can be primarily ascribed to the increase in trade rate and rapid rise in export rate in the region, particularly in China, which has become a global hub for manufacturing operations. Thus, increasing export is driving the demand for more number of available ships for trade, thus causing a rise in the demand for more efficient marine propulsion systems. Furthermore, many developed as well as developing countries are focused on intensifying their sea defense by increasing firepower capacity. As more number of warships are being built by every nation in the world, the demand for marine propulsion engines is predicted to increase rapidly during the forecast period. Countries in regions such as South America, Africa, and the Middle East have been showing speedy economic growth since the last few years. In addition, developed economies such as the U.S. and European countries are showing steady economic growth after the economic crisis. These factors are ultimately generating a positive outlook for the overall trade dynamics. Rise in demand for marine propulsion engines in ships, boats, yacht, for transport of goods, fishing, entertainment, public safety, and warfare is expected to drive the global marine propulsion engine market over the next eight years. Major players operating in the global marine propulsion engine market include Caterpillar, MAN Diesel & Turbo, Cummins, Rolls-Royce, Wärtsilä, Mitsubishi Heavy Industries, and Hyundai Heavy Industries. The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. About Us Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge. 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Marine propulsion is the mechanism or system designed to generate a thrust to move marine objects such as ships or boats across the water. Many small boats operate through paddles and sails. However modern ships are propelled by carefully designed propulsion systems consisting of electric motors or engines driving the propeller. Most modern ships use reciprocating engines as their primary source of power owing to their simplicity in operation, robustness, and fuel efficiency as compared to their counterparts. Although reciprocating engines are widely used globally due to low cost and operation simplicity, the emissions remain a primary concern while using them. Furthermore, many vendors are focusing on the design and development of propulsion engines that run on alternate fuels and are compliant with the standard emission norms. Download Free exclusive Sample of this report : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14507