PUBLISHER: TechNavio | PRODUCT CODE: 1783878
PUBLISHER: TechNavio | PRODUCT CODE: 1783878
The marine engine monitoring system market is forecasted to grow by USD 110.8 mn during 2024-2029, accelerating at a CAGR of 3.3% during the forecast period. The report on the marine engine monitoring system 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 growing number of naval vessels, need to reduce overall operational expenses, and growing importance of big data analytics.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 3.1% |
CAGR | 3.3% |
Incremental Value | $110.8 mn |
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's marine engine monitoring system market is segmented as below:
By Application
By Product
By Component
By Geographical Landscape
This study identifies the advent of maritime autonomous surface ships (MASS) as one of the prime reasons driving the marine engine monitoring system market growth during the next few years. Also, inception of smart marine engine monitoring systems and incorporation of intelligent propulsion systems will lead to sizable demand in the market.
The report on the marine engine monitoring system market covers the following areas:
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 marine engine monitoring system market vendors that include ABB Ltd., Caterpillar Inc., CMR Group, Cummins Inc., Danfoss IXA AS, Emerson Electric Co., Everllence SE, Hyundai Heavy Industries Group, Kistler Group, Kongsberg Gruppen ASA, KROHNE Messtechnik GmbH, Mitsubishi Heavy Industries Ltd., Monico Inc., NORIS Group GmbH, Rolls Royce Holdings Plc, Schneider Electric SE, Valmet Corp., Veethree Group, and Wartsila Corp.. Also, the marine engine monitoring system 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 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 primary and secondary research. 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 accurate market growth.
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