Market Overview:
The global marine alternate propulsion market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the global marine alternate propulsion market can be attributed to the increasing demand for fuel-efficient and environment-friendly modes of transportation. The electric propulsion segment is expected to account for a major share of the global marine alternate propulsion market in 2018. This can be attributed to the increasing demand for electric vehicles across the globe. The biodiesel fuel propulsion segment is expected to register high growth during the forecast period owing to its advantages over traditional fuels such as diesel and petrol.
Product Definition:
Marine Alternate Propulsion is the use of an alternate form of propulsion in order to power a vessel or watercraft. This can include things like electric motors, sail power, or even human-powered propulsion. Marine Alternate Propulsion is important because it allows for vessels and watercraft to be powered in different ways, depending on the situation. This can be helpful for things like reducing emissions, conserving fuel resources, or travelling in difficult conditions.
Electric Propulsion:
Electric propulsion (EP) is the use of electrical energy for propelling vessels. It can be used as a substitute for conventional marine propulsion in case of low power requirement or high speed operation. In addition, it offers an efficient solution to save fuel cost and reduce emissions at sea by using electricity generated from renewable sources such as solar energy.
The market is expected to grow over the forecast period owing to factors such as stringent emission regulations, growing environmental awareness among users.
Biodiesel Fuel Propulsion:
Biodiesel (BDP) is a sustainable fuel that can be used in marine alternate propulsion systems. Biodiesel has the ability to reduce harmful emissions and lower the carbon footprint, which makes it an ideal choice for use in marine alternate propulsion systems.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The segment is expected to witness significant growth owing to rising demand for large vessels from trade and transport sectors, such as container ships, roll-on/roll-off ships, tankers, barges and lorries. Growing use of these vessels for intermodal transportation services is also projected to contribute significantly towards market growth during the forecast period.
The private application segment accounted for a considerable share in the overall revenue in 2017 due to increasing demand across all major regions including Asia Pacific and Middle East & Africa for personal watercraft propelled by hybrid or gas turbine engines coupled with fuel cell electric motors or diesel engines respectively.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid developments in marine technology, especially with China at the forefront. The Chinese government has been making significant investments to boost marine energy production, which is projected to bode well for APAC market growth.
Europe also held a considerable share of the overall industry and was valued at USD X million in 2017 owing to favorable regulations regarding alternate propulsion systems implementation on commercial vessels as an alternative fuel source along with stringent environmental regulations by European Union (EU) that are driving innovation and development of green technologies across maritime industries globally.
Growth Factors:
- Increasing demand for fuel-efficient and environment-friendly marine vessels
- Rising awareness about the benefits of using alternate propulsion systems
- Growing popularity of hybrid and electric boats among consumers
- Proliferation of advanced technologies that improve the performance of marine alternate propulsion systems
- Stringent regulations governing emissions from maritime vessels
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Alternate Propulsion Market Research Report
By Type
Electric Propulsion, Biodiesel Fuel Propulsion, Solar Propulsion, Hybrid Propulsion, Gas Turbine Propulsion, Others
By Application
Commercial, Private, Navy
By Companies
Caterpillar, Fairbanks Morse, Cummins Inc, Scania, Yanmar Co.,Ltd, Niigata Power Systems Co., Ltd, Rolls-Royce plc, Mitsubishi Heavy Industries, Ltd, DAIHATSU DIESEL MFG. CO., LTD, MAN Diesel & Turbo, Caterpillar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Marine Alternate Propulsion Market Report Segments:
The global Marine Alternate Propulsion market is segmented on the basis of:
Types
Electric Propulsion, Biodiesel Fuel Propulsion, Solar Propulsion, Hybrid Propulsion, Gas Turbine Propulsion, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Private, Navy
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caterpillar
- Fairbanks Morse
- Cummins Inc
- Scania
- Yanmar Co.,Ltd
- Niigata Power Systems Co., Ltd
- Rolls-Royce plc
- Mitsubishi Heavy Industries, Ltd
- DAIHATSU DIESEL MFG. CO., LTD
- MAN Diesel & Turbo
- Caterpillar
Highlights of The Marine Alternate Propulsion Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Propulsion
- Biodiesel Fuel Propulsion
- Solar Propulsion
- Hybrid Propulsion
- Gas Turbine Propulsion
- Others
- By Application:
- Commercial
- Private
- Navy
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Alternate Propulsion Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine alternate propulsion is a type of propulsion that uses energy from the environment to power a vessel. This can be done through the use of wind, water, or solar power. Marine alternate propulsion can help reduce fuel costs and emissions, and it can also help improve environmental sustainability.
Some of the major companies in the marine alternate propulsion market are Caterpillar, Fairbanks Morse, Cummins Inc, Scania, Yanmar Co.,Ltd, Niigata Power Systems Co., Ltd, Rolls-Royce plc, Mitsubishi Heavy Industries, Ltd, DAIHATSU DIESEL MFG. CO., LTD, MAN Diesel & Turbo, Caterpillar.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Alternate Propulsion Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Alternate Propulsion Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Alternate Propulsion Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Alternate Propulsion Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Alternate Propulsion Market Size & Forecast, 2018-2028
4.5.1 Marine Alternate Propulsion Market Size and Y-o-Y Growth
4.5.2 Marine Alternate Propulsion Market Absolute $ Opportunity
Chapter 5 Global Marine Alternate Propulsion Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Marine Alternate Propulsion Market Size Forecast by Type
5.2.1 Electric Propulsion
5.2.2 Biodiesel Fuel Propulsion
5.2.3 Solar Propulsion
5.2.4 Hybrid Propulsion
5.2.5 Gas Turbine Propulsion
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Alternate Propulsion Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Marine Alternate Propulsion Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Private
6.2.3 Navy
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Alternate Propulsion Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Alternate Propulsion Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Marine Alternate Propulsion Analysis and Forecast
9.1 Introduction
9.2 North America Marine Alternate Propulsion Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Marine Alternate Propulsion Market Size Forecast by Type
9.6.1 Electric Propulsion
9.6.2 Biodiesel Fuel Propulsion
9.6.3 Solar Propulsion
9.6.4 Hybrid Propulsion
9.6.5 Gas Turbine Propulsion
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Marine Alternate Propulsion Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Private
9.10.3 Navy
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Marine Alternate Propulsion Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Alternate Propulsion Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Marine Alternate Propulsion Market Size Forecast by Type
10.6.1 Electric Propulsion
10.6.2 Biodiesel Fuel Propulsion
10.6.3 Solar Propulsion
10.6.4 Hybrid Propulsion
10.6.5 Gas Turbine Propulsion
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Marine Alternate Propulsion Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Private
10.10.3 Navy
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Marine Alternate Propulsion Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Alternate Propulsion Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Marine Alternate Propulsion Market Size Forecast by Type
11.6.1 Electric Propulsion
11.6.2 Biodiesel Fuel Propulsion
11.6.3 Solar Propulsion
11.6.4 Hybrid Propulsion
11.6.5 Gas Turbine Propulsion
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Marine Alternate Propulsion Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Private
11.10.3 Navy
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Marine Alternate Propulsion Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Alternate Propulsion Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Marine Alternate Propulsion Market Size Forecast by Type
12.6.1 Electric Propulsion
12.6.2 Biodiesel Fuel Propulsion
12.6.3 Solar Propulsion
12.6.4 Hybrid Propulsion
12.6.5 Gas Turbine Propulsion
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Marine Alternate Propulsion Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Private
12.10.3 Navy
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Marine Alternate Propulsion Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Alternate Propulsion Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Marine Alternate Propulsion Market Size Forecast by Type
13.6.1 Electric Propulsion
13.6.2 Biodiesel Fuel Propulsion
13.6.3 Solar Propulsion
13.6.4 Hybrid Propulsion
13.6.5 Gas Turbine Propulsion
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Marine Alternate Propulsion Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Private
13.10.3 Navy
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Alternate Propulsion Market: Competitive Dashboard
14.2 Global Marine Alternate Propulsion Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Fairbanks Morse
14.3.3 Cummins Inc
14.3.4 Scania
14.3.5 Yanmar Co.,Ltd
14.3.6 Niigata Power Systems Co., Ltd
14.3.7 Rolls-Royce plc
14.3.8 Mitsubishi Heavy Industries, Ltd
14.3.9 DAIHATSU DIESEL MFG. CO., LTD
14.3.10 MAN Diesel & Turbo
14.3.11 Caterpillar
