Global Hybrid Electric Marine Propulsion Engine Market 2023-2027

Description

List of Tables

The hybrid electric marine propulsion engine market is forecasted to grow by USD 1133.1 mn during 2022-2027, accelerating at a CAGR of 5.2% during the forecast period. The report on the hybrid electric marine propulsion engine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by stringent emission regulations, volatility in crude oil and natural gas prices, and increase in maritime trade and fleet size.

Technavio's hybrid electric marine propulsion engine market is segmented as below:

By Application

Commercial
Leisure

By End-user

Tugboats
Offshore support vehicles
Ferries
Others

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the increasing popularity of hybrid turbochargers for marine vessels as one of the prime reasons driving the hybrid electric marine propulsion engine market growth during the next few years. Also, prospective incorporation of intelligent propulsion systems and introduction of integrated hybrid electric marine propulsion systems will lead to sizable demand in the market.

The report on the hybrid electric marine propulsion engine market covers the following areas:

Hybrid electric marine propulsion engine market sizing
Hybrid electric marine propulsion engine market forecast
Hybrid electric marine propulsion engine market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hybrid electric marine propulsion engine market vendors that include ABB Ltd., Aspin Kemp and Associates Inc., BAE Systems Plc, Beta Marine Ltd., Caterpillar Inc., Cummins Inc., General Dynamics Corp., General Electric Co., IHI Corp., Kawasaki Heavy Industries Ltd., Kongsberg Gruppen ASA, Korindo Energy, Leonardo DRS Inc., Oceanvolt, Porsche Automobil Holding SE, RENK GmbH, Roper Technologies Inc., TRANSFLUID S.p.A., Twin Disc Inc., and Wartsila Corp.. Also, the hybrid electric marine propulsion engine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR41625

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 Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global hybrid electric marine propulsion engine market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global hybrid electric marine propulsion engine market 2017 - 2021 ($ million)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.3 End-User Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - End-User Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Commercial - Market size and forecast 2022-2027
Exhibit 34: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
6.4 Leisure - Market size and forecast 2022-2027
Exhibit 38: Chart on Leisure - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Leisure - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Leisure - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Leisure - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ million)
Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Tugboats - Market size and forecast 2022-2027
Exhibit 48: Chart on Tugboats - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Tugboats - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Tugboats - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Tugboats - Year-over-year growth 2022-2027 (%)
7.4 Offshore support vehicles - Market size and forecast 2022-2027
Exhibit 52: Chart on Offshore support vehicles - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Offshore support vehicles - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Offshore support vehicles - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Offshore support vehicles - Year-over-year growth 2022-2027 (%)
7.5 Ferries - Market size and forecast 2022-2027
Exhibit 56: Chart on Ferries - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Ferries - Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Ferries - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Ferries - Year-over-year growth 2022-2027 (%)
7.6 Others - Market size and forecast 2022-2027
Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)
7.7 Market opportunity by End-user
Exhibit 64: Market opportunity by End-user ($ million)
Exhibit 65: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 North America - Market size and forecast 2022-2027
Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.7 South America - Market size and forecast 2022-2027
Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 US - Market size and forecast 2022-2027
Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
9.10 Norway - Market size and forecast 2022-2027
Exhibit 99: Chart on Norway - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Norway - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Norway - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Norway - Year-over-year growth 2022-2027 (%)
9.11 South Korea - Market size and forecast 2022-2027
Exhibit 103: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on South Korea - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
9.12 Japan - Market size and forecast 2022-2027
Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ million)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 BAE Systems Plc
Exhibit 119: BAE Systems Plc - Overview
Exhibit 120: BAE Systems Plc - Business segments
Exhibit 121: BAE Systems Plc - Key offerings
Exhibit 122: BAE Systems Plc - Segment focus
12.4 Beta Marine Ltd.
Exhibit 123: Beta Marine Ltd. - Overview
Exhibit 124: Beta Marine Ltd. - Product / Service
Exhibit 125: Beta Marine Ltd. - Key offerings
12.5 Caterpillar Inc.
Exhibit 126: Caterpillar Inc. - Overview
Exhibit 127: Caterpillar Inc. - Business segments
Exhibit 128: Caterpillar Inc. - Key offerings
Exhibit 129: Caterpillar Inc. - Segment focus
12.6 Cummins Inc.
Exhibit 130: Cummins Inc. - Overview
Exhibit 131: Cummins Inc. - Business segments
Exhibit 132: Cummins Inc. - Key offerings
Exhibit 133: Cummins Inc. - Segment focus
12.7 General Dynamics Corp.
Exhibit 134: General Dynamics Corp. - Overview
Exhibit 135: General Dynamics Corp. - Business segments
Exhibit 136: General Dynamics Corp. - Key news
Exhibit 137: General Dynamics Corp. - Key offerings
Exhibit 138: General Dynamics Corp. - Segment focus
12.8 General Electric Co.
Exhibit 139: General Electric Co. - Overview
Exhibit 140: General Electric Co. - Business segments
Exhibit 141: General Electric Co. - Key news
Exhibit 142: General Electric Co. - Key offerings
Exhibit 143: General Electric Co. - Segment focus
12.9 IHI Corp.
Exhibit 144: IHI Corp. - Overview
Exhibit 145: IHI Corp. - Business segments
Exhibit 146: IHI Corp. - Key news
Exhibit 147: IHI Corp. - Key offerings
Exhibit 148: IHI Corp. - Segment focus
12.10 Kawasaki Heavy Industries Ltd.
Exhibit 149: Kawasaki Heavy Industries Ltd. - Overview
Exhibit 150: Kawasaki Heavy Industries Ltd. - Business segments
Exhibit 151: Kawasaki Heavy Industries Ltd. - Key news
Exhibit 152: Kawasaki Heavy Industries Ltd. - Key offerings
Exhibit 153: Kawasaki Heavy Industries Ltd. - Segment focus
12.11 Kongsberg Gruppen ASA
Exhibit 154: Kongsberg Gruppen ASA - Overview
Exhibit 155: Kongsberg Gruppen ASA - Business segments
Exhibit 156: Kongsberg Gruppen ASA - Key news
Exhibit 157: Kongsberg Gruppen ASA - Key offerings
Exhibit 158: Kongsberg Gruppen ASA - Segment focus
12.12 Leonardo DRS Inc.
Exhibit 159: Leonardo DRS Inc. - Overview
Exhibit 160: Leonardo DRS Inc. - Product / Service
Exhibit 161: Leonardo DRS Inc. - Key offerings
12.13 Oceanvolt
Exhibit 162: Oceanvolt - Overview
Exhibit 163: Oceanvolt - Product / Service
Exhibit 164: Oceanvolt - Key offerings
12.14 Porsche Automobil Holding SE
Exhibit 165: Porsche Automobil Holding SE - Overview
Exhibit 166: Porsche Automobil Holding SE - Business segments
Exhibit 167: Porsche Automobil Holding SE - Key offerings
Exhibit 168: Porsche Automobil Holding SE - Segment focus
12.15 Roper Technologies Inc.
Exhibit 169: Roper Technologies Inc. - Overview
Exhibit 170: Roper Technologies Inc. - Business segments
Exhibit 171: Roper Technologies Inc. - Key offerings
Exhibit 172: Roper Technologies Inc. - Segment focus
12.16 TRANSFLUID S.p.A.
Exhibit 173: TRANSFLUID S.p.A. - Overview
Exhibit 174: TRANSFLUID S.p.A. - Product / Service
Exhibit 175: TRANSFLUID S.p.A. - Key offerings
12.17 Wartsila Corp.
Exhibit 176: Wartsila Corp. - Overview
Exhibit 177: Wartsila Corp. - Business segments
Exhibit 178: Wartsila Corp. - Key news
Exhibit 179: Wartsila Corp. - Key offerings
Exhibit 180: Wartsila Corp. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 181: Inclusions checklist
Exhibit 182: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 183: Currency conversion rates for US$
13.4 Research methodology
Exhibit 184: Research methodology
Exhibit 185: Validation techniques employed for market sizing
Exhibit 186: Information sources
13.5 List of abbreviations
Exhibit 187: List of abbreviations