NEW YORK, Oct. 11, 2022 /PRNewswire/ — The marine power systems market size is expected to grow by USD 331.81 million during 2021-2026, at a CAGR of 3.63% during the forecast period, according to Technavio. The Surge in commercial shipping, increase in naval vessels, and growth in FPSO vessels will offer immense growth opportunities. However, the collapse of the Greek shipbuilding industry, MARPOL regulations, and stringent norms by governments to reduce overfishing will challenge the growth of the market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The surge in commercial shipping has been instrumental in driving the growth of the market. However, the collapse of the Greek shipbuilding industry might hamper the market growth. Request Free Sample Report.
Marine Power Systems Market Segmentation
- End-user
- Commercial Ships
- Military Vessels
- Underwater Vehicle
- Leisure Ships
- Small Recreational Boats
- Geography
- APAC
- Europe
- North America
- South America
- Middle East And Africa
The market share for marine power systems in commercial ships will expand significantly. The majority of global seaborne trade is reportedly made up of the worldwide container trade. The increase in boat operators worldwide brought about by the decline in global fuel prices increased demand for deck equipment. Buy Sample Report.
Marine Power Systems Market Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our marine power systems market report covers the following areas:
- Marine Power Systems Market size
- Marine Power Systems Market trends
- Marine Power Systems Market industry analysis
This study identifies the growing marine hybrid propulsion market as one of the prime reasons driving the marine power systems market growth during the next few years.
Marine Power Systems Market Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Marine Power Systems Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Marine Power Systems Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
- Volvo Penta AB
- Atlas Marine Systems
- Caterpillar Inc.
- Cummins Inc.
- Daihatsu Diesel Mfg. Co. Ltd.
- Doosan
- EnerSys
- Fairbanks Morse LLC
- Hydraulic Marine Systems Inc.
- Hyundai Electric and Energy Systems Co. Ltd.
- Ingeteam SA
- MAN Energy Solutions SE
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.
Marine Power Systems Market Key Highlights
- CAGR of the market during the forecast period
- Detailed information on factors that will assist marine power systems market growth during the next five years
- Estimation of the marine power systems market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the marine power systems market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of marine power systems market vendors
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Marine Power Systems Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.63% |
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Market growth 2022-2026 |
$331.81 million |
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Market structure |
Fragmented |
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YoY growth (%) |
3.1 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 48% |
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Key consumer countries |
US, China, South Korea, Japan, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Volvo Penta AB, Atlas Marine Systems, Caterpillar Inc., Cummins Inc., Daihatsu Diesel Mfg. Co. Ltd., Doosan, EnerSys, Fairbanks Morse LLC, Hydraulic Marine Systems Inc., Hyundai Electric and Energy Systems Co. Ltd., Ingeteam SA, MAN Energy Solutions SE, Marine Power Systems Ltd., Mitsubishi Heavy Industries Ltd., Perkins Engines Co. Ltd., Rolls Royce Holdings Plc, SEMIKRON Elektronik GmbH, and Co. KG, Siemens AG, Wartsila Corp, and Yamaha Corp. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents :
1 Executive Summary
- 1.1 Market Overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user – Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user – Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Commercial ships – Market size and forecast 2021-2026
- Exhibit 28: Chart on Commercial ships – Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Commercial ships – Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Commercial ships – Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Commercial ships – Year-over-year growth 2021-2026 (%)
- 5.4 Military vessel – Market size and forecast 2021-2026
- Exhibit 32: Chart on Military vessel – Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Military vessel – Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Military vessel – Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Military vessel – Year-over-year growth 2021-2026 (%)
- 5.5 Underwater vehicle – Market size and forecast 2021-2026
- Exhibit 36: Chart on Underwater vehicle – Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Underwater vehicle – Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Underwater vehicle – Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Underwater vehicle – Year-over-year growth 2021-2026 (%)
- 5.6 Leisure ships – Market size and forecast 2021-2026
- Exhibit 40: Chart on Leisure ships – Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Leisure ships – Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Leisure ships – Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Leisure ships – Year-over-year growth 2021-2026 (%)
- 5.7 Small recreational boats – Market size and forecast 2021-2026
- Exhibit 44: Chart on Small recreational boats – Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Small recreational boats – Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Small recreational boats – Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Small recreational boats – Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by End-user
- Exhibit 48: Market opportunity by End-user ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 APAC – Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC – Year-over-year growth 2021-2026 (%)
- 7.4 Europe – Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 7.5 North America – Market size and forecast 2021-2026
- Exhibit 62: Chart on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 7.6 South America – Market size and forecast 2021-2026
- Exhibit 66: Chart on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America – Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa – Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- 7.8 China – Market size and forecast 2021-2026
- Exhibit 74: Chart on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China – Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China – Year-over-year growth 2021-2026 (%)
- 7.9 US – Market size and forecast 2021-2026
- Exhibit 78: Chart on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on US – Year-over-year growth 2021-2026 (%)
- 7.10 Germany – Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Germany – Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany – Year-over-year growth 2021-2026 (%)
- 7.11 South Korea – Market size and forecast 2021-2026
- Exhibit 86: Chart on South Korea – Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on South Korea – Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on South Korea – Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on South Korea – Year-over-year growth 2021-2026 (%)
- 7.12 Japan – Market size and forecast 2021-2026
- Exhibit 90: Chart on Japan – Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on Japan – Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Japan – Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 Caterpillar Inc.
- Exhibit 101: Caterpillar Inc. – Overview
- Exhibit 102: Caterpillar Inc. – Business segments
- Exhibit 103: Caterpillar Inc. – Key offerings
- Exhibit 104: Caterpillar Inc. – Segment focus
- 10.4 Cummins Inc.
- Exhibit 105: Cummins Inc. – Overview
- Exhibit 106: Cummins Inc. – Business segments
- Exhibit 107: Cummins Inc. – Key offerings
- Exhibit 108: Cummins Inc. – Segment focus
- 10.5 Daihatsu Diesel Mfg. Co. Ltd.
- Exhibit 109: Daihatsu Diesel Mfg. Co. Ltd. – Overview
- Exhibit 110: Daihatsu Diesel Mfg. Co. Ltd. – Business segments
- Exhibit 111: Daihatsu Diesel Mfg. Co. Ltd. – Key offerings
- Exhibit 112: Daihatsu Diesel Mfg. Co. Ltd. – Segment focus
- 10.6 Fairbanks Morse LLC
- Exhibit 113: Fairbanks Morse LLC – Overview
- Exhibit 114: Fairbanks Morse LLC – Product / Service
- Exhibit 115: Fairbanks Morse LLC – Key offerings
- 10.7 Hyundai Electric and Energy Systems Co. Ltd.
- Exhibit 116: Hyundai Electric and Energy Systems Co. Ltd. – Overview
- Exhibit 117: Hyundai Electric and Energy Systems Co. Ltd. – Product / Service
- Exhibit 118: Hyundai Electric and Energy Systems Co. Ltd. – Key offerings
- 10.8 MAN Energy Solutions SE
- Exhibit 119: MAN Energy Solutions SE – Overview
- Exhibit 120: MAN Energy Solutions SE – Product / Service
- Exhibit 121: MAN Energy Solutions SE – Key offerings
- 10.9 Mitsubishi Heavy Industries Ltd.
- Exhibit 122: Mitsubishi Heavy Industries Ltd. – Overview
- Exhibit 123: Mitsubishi Heavy Industries Ltd. – Business segments
- Exhibit 124: Mitsubishi Heavy Industries Ltd. – Key news
- Exhibit 125: Mitsubishi Heavy Industries Ltd. – Key offerings
- Exhibit 126: Mitsubishi Heavy Industries Ltd. – Segment focus
- 10.10 Rolls Royce Holdings Plc
- Exhibit 127: Rolls Royce Holdings Plc – Overview
- Exhibit 128: Rolls Royce Holdings Plc – Business segments
- Exhibit 129: Rolls Royce Holdings Plc – Key news
- Exhibit 130: Rolls Royce Holdings Plc – Key offerings
- Exhibit 131: Rolls Royce Holdings Plc – Segment focus
- 10.11 Siemens AG
- Exhibit 132: Siemens AG – Overview
- Exhibit 133: Siemens AG – Business segments
- Exhibit 134: Siemens AG – Key news
- Exhibit 135: Siemens AG – Key offerings
- Exhibit 136: Siemens AG – Segment focus
- 10.12 Wartsila Corp
- Exhibit 137: Wartsila Corp – Overview
- Exhibit 138: Wartsila Corp – Business segments
- Exhibit 139: Wartsila Corp – Key offerings
- Exhibit 140: Wartsila Corp – Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 141: Inclusions checklist
- Exhibit 142: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 143: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 144: Research methodology
- Exhibit 145: Validation techniques employed for market sizing
- Exhibit 146: Information sources
- 11.5 List of abbreviations
- Exhibit 147: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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