Market Overview:
The global marine boiler and steam turbine generator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric power and telecommunication across the globe. Additionally, the growing maritime trade is also contributing to the growth of this market. The global marine boiler and steam turbine generator market can be segmented on the basis of type into small & medium-scale and large-scale boilers/turbines. The small & medium-scale boilers/turbines are expected to witness higher growth during the forecast period as compared to large-scale ones, owing to their low installation cost and easy operability.
Product Definition:
A marine boiler is a boiler that is installed in a ship, boat, submarine or other watercraft. Marine boilers are used to produce steam for the propulsion of the vessel and for heating its interior.
The purpose of a marine steam turbine generator is to generate electrical power from the mechanical energy of a spinning turbine shaft. The electrical power can be used to drive electric motors or generators, which in turn can power propellers or electric traction motors.
Small & Medium-scale:
Small & medium-scale boilers and steam turbines are used in marine applications. The boiler is an essential part of the ship engine, which provides heat and energy to start the engine. Steam turbine generators (STG) convert this energy into mechanical motion through a reduction in rotatory speed of the turbine blades.
The global small & medium-scale boilers.
Large-scale:
Large-scale power system is a type of power system that delivers an output of more than 1,000 kW.
Application Insights:
The electric power application segment led the global marine boiler and steam turbine generator market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to an increase in demand for electricity generation from renewable sources, such as wind and solar energy.
Marine boilers are used for generating electricity through a process known as thermal-hydraulic conversion, which involves heating water using combustion gases generated from fossil fuels or other low-cost renewable sources, such as wood chips or agricultural waste products.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of under-developed and remote areas that are yet to be connected with electricity supply. Furthermore, countries such as China, India, Indonesia have extensive coastlines which will provide growth opportunities for marine boilers and steam turbines generators in the future.
The European regional market held a share of more than 20% in terms of revenue in 2017 owing to growing demand from end-use industries such as oil & gas, power generation, renewable energy production along with favorable government policies regarding marine applications across several countries including UK, Germany France among others. However; strict environmental regulations by various agencies coupled with high development costs may act as major challenges for industry expansion over the next eight years.
North America is anticipated to witness significant growth during the forecast period owing to increasing focus on developing clean energy sources along with rising need for electric power facilities within U.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Stringent environmental regulations for emissions from thermal power plants
- Rising prices of fossil fuels such as coal, natural gas, and oil
- Development of new technologies that improve the efficiency of marine boilers and steam turbines
- Growing popularity of hybrid power systems that combine marine boilers with renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Boiler and Steam Turbine Generator Market Research Report
By Type
Small & Medium-scale, Large-scale
By Application
Telecommunication, Electric Power, Others
By Companies
Hyundai Mipo Dockyard, Hanjin Heavy Industries & Construction, Royal IHC, Damen Shipyards Group, Kleven Verft, Nexans, Mitsubishi Heavy Industries, Colombo Dockyard, Zhejiang Qiming Group, Fujian Mawei ShipBuilding, Vard Group AS, SembCorp Marine
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Marine Boiler and Steam Turbine Generator Market Report Segments:
The global Marine Boiler and Steam Turbine Generator market is segmented on the basis of:
Types
Small & Medium-scale, Large-scale
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
Telecommunication, Electric Power, Others
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:
- Hyundai Mipo Dockyard
- Hanjin Heavy Industries & Construction
- Royal IHC
- Damen Shipyards Group
- Kleven Verft
- Nexans
- Mitsubishi Heavy Industries
- Colombo Dockyard
- Zhejiang Qiming Group
- Fujian Mawei ShipBuilding
- Vard Group AS
- SembCorp Marine
Highlights of The Marine Boiler and Steam Turbine Generator 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:
- Small & Medium-scale
- Large-scale
- By Application:
- Telecommunication
- Electric Power
- Others
- 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 Boiler and Steam Turbine Generator 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A marine boiler and steam turbine generator are two types of engines that work together to generate power. The marine boiler is used to create heat, which in turn powers the steam turbine generator. This combination allows ships and boats to move through water by generating electricity.
Some of the major players in the marine boiler and steam turbine generator market are Hyundai Mipo Dockyard, Hanjin Heavy Industries & Construction, Royal IHC, Damen Shipyards Group, Kleven Verft, Nexans, Mitsubishi Heavy Industries, Colombo Dockyard, Zhejiang Qiming Group, Fujian Mawei ShipBuilding, Vard Group AS, SembCorp Marine.
The marine boiler and steam turbine generator market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Boiler and Steam Turbine Generator 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 Boiler and Steam Turbine Generator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Boiler and Steam Turbine Generator 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 Boiler and Steam Turbine Generator 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 Boiler and Steam Turbine Generator Market Size & Forecast, 2020-2028
4.5.1 Marine Boiler and Steam Turbine Generator Market Size and Y-o-Y Growth
4.5.2 Marine Boiler and Steam Turbine Generator Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Small & Medium-scale
5.2.2 Large-scale
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Telecommunication
6.2.2 Electric Power
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Boiler and Steam Turbine Generator 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 Boiler and Steam Turbine Generator 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Small & Medium-scale
9.6.2 Large-scale
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 Market Size Forecast by Applications
9.10.1 Telecommunication
9.10.2 Electric Power
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Small & Medium-scale
10.6.2 Large-scale
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 Market Size Forecast by Applications
10.10.1 Telecommunication
10.10.2 Electric Power
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Small & Medium-scale
11.6.2 Large-scale
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 Market Size Forecast by Applications
11.10.1 Telecommunication
11.10.2 Electric Power
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Small & Medium-scale
12.6.2 Large-scale
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 Market Size Forecast by Applications
12.10.1 Telecommunication
12.10.2 Electric Power
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Small & Medium-scale
13.6.2 Large-scale
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) Market Size Forecast by Applications
13.10.1 Telecommunication
13.10.2 Electric Power
13.10.3 Others
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 Boiler and Steam Turbine Generator Market: Competitive Dashboard
14.2 Global Marine Boiler and Steam Turbine Generator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hyundai Mipo Dockyard
14.3.2 Hanjin Heavy Industries & Construction
14.3.3 Royal IHC
14.3.4 Damen Shipyards Group
14.3.5 Kleven Verft
14.3.6 Nexans
14.3.7 Mitsubishi Heavy Industries
14.3.8 Colombo Dockyard
14.3.9 Zhejiang Qiming Group
14.3.10 Fujian Mawei ShipBuilding
14.3.11 Vard Group AS
14.3.12 SembCorp Marine
