Market Overview:
The global marine turbochargers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for maritime transportation and rising awareness about fuel-efficiency measures among ship owners and operators. The global marine turbochargers market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into low-speed engines, medium-speed engines, and high-speed engines. Low-speed engine turbochargers are used in vessels with propulsion power ratings up to 1 MW; medium-speed engine turbochargers are used in vessels with propulsion power ratings between 1 MW and 10 MW; while high speed engine turbochargers are used in vessels with propulsion power ratings above 10 MW. On the basis of application,the market is divided into naval vessels, cargo ships, passenger vessels,,and others (including dredgers,,offshore support boats,,and icebreakers). Geographically,.themarketis segmentedin North America,.Latin America,.Europe,.Asia Pacific.,and Middle East & Africa.
Product Definition:
A marine turbocharger is a type of turbocharger specifically designed for use in marine applications. Marine turbochargers are typically more rugged than other types of turbochargers, and they are often equipped with features that make them resistant to corrosion and damage from water and salt.
For Low-speed Engines:
For low-speed engines, it is a type of marine diesel engine with an output between 80 and 1,500 rpm. They are mainly used in small boats that have a maximum speed of less than 25 knots. For low-speed engines, it has two major requirements: firstly the combustion must be at too high a temperature for the fuel to burn (so called premixing) and secondly there must be sufficient air supply for efficient operation (i.e., blower).
For Medium-speed Engines:
For medium-speed engines, the term refers to marine propulsion systems with a power output between 1.5 and 3 kW which are used for inland water and coastal shipping. For low speed (less than 5 knots), refer to slow speed engine; whereas, for high speeds (more than 25 knots) refer to fast speed engine category.
Application Insights:
The demand for marine turbochargers is expected to be driven by the growth in shipbuilding activities across various regions coupled with rising demand for efficient engines. The cargo ships segment accounted for the largest market share of over 40% in 2017 and is expected to continue its dominance over the forecast period.
Passenger vessels are projected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to increasing leisure travel activities across several countries including China, Japan, Germany and France. In addition, growing tourism industry along with cruise ships will drive product demand in passenger vessel application during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest economies, such as China, India, Japan and South Korea. Increasing demand for marine turbochargers from these countries coupled with growing offshore activities in this region will drive growth.
The Asia Pacific regional market was followed by Europe that accounted for a share of more than 20% in terms of revenue in 2017 owing to high demand from recreational vessels including yachts and fishing boats. North America also contributed significantly towards overall industry growth owing to increasing focus on fuel efficiency by manufacturers operating within this region which resulted into higher sales volume of marine turbochargers units across all applications. However, stringent regulations regarding carbon emissions coupled with increasing emphasis on reducing weight are anticipated to reduce engine size thus affecting product sales volumes over the next eight years thereby hampering regional growth prospects during the forecast period.
Growth Factors:
- Increasing demand for fuel-efficient ships
- Growing popularity of LNG as a marine fuel
- Proliferation of hybrid and electric vessels
- Stringent environmental regulations
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Turbochargers Market Research Report
By Type
For Low-speed Engines, For Medium-speed Engines, For High-speed Engines
By Application
Naval Vessels, Cargo Ships, Passenger Vessels, Others
By Companies
ABB, MHI, MAN Diesel & Turbo, IHI, Cummins, Honerwell, Wabtec Corporation, KBB, TEL, Hunan Tyen, Fuyuan Turbochargers, Kangyue, CSIC, Xinde Make, Roshow
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Marine Turbochargers Market Report Segments:
The global Marine Turbochargers market is segmented on the basis of:
Types
For Low-speed Engines, For Medium-speed Engines, For High-speed Engines
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
Naval Vessels, Cargo Ships, Passenger Vessels, 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:
- ABB
- MHI
- MAN Diesel & Turbo
- IHI
- Cummins
- Honerwell
- Wabtec Corporation
- KBB
- TEL
- Hunan Tyen
- Fuyuan Turbochargers
- Kangyue
- CSIC
- Xinde Make
- Roshow
Highlights of The Marine Turbochargers 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:
- For Low-speed Engines
- For Medium-speed Engines
- For High-speed Engines
- By Application:
- Naval Vessels
- Cargo Ships
- Passenger Vessels
- 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 Turbochargers 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 turbochargers are specifically designed to provide increased power and fuel economy in marine applications. They are typically smaller and more compact than their automotive counterparts, making them ideal for use in small boats and ships. Marine turbochargers also feature a higher compression ratio than regular engines, which allows them to produce greater amounts of power with less fuel.
Some of the major companies in the marine turbochargers market are ABB, MHI, MAN Diesel & Turbo, IHI, Cummins, Honerwell, Wabtec Corporation, KBB, TEL, Hunan Tyen, Fuyuan Turbochargers, Kangyue, CSIC, Xinde Make, Roshow.
The marine turbochargers 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 Turbochargers 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 Turbochargers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Turbochargers 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 Turbochargers 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 Turbochargers Market Size & Forecast, 2020-2028
4.5.1 Marine Turbochargers Market Size and Y-o-Y Growth
4.5.2 Marine Turbochargers 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 For Low-speed Engines
5.2.2 For Medium-speed Engines
5.2.3 For High-speed Engines
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 Naval Vessels
6.2.2 Cargo Ships
6.2.3 Passenger Vessels
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Turbochargers 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 Turbochargers 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 For Low-speed Engines
9.6.2 For Medium-speed Engines
9.6.3 For High-speed Engines
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 Naval Vessels
9.10.2 Cargo Ships
9.10.3 Passenger Vessels
9.10.4 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 For Low-speed Engines
10.6.2 For Medium-speed Engines
10.6.3 For High-speed Engines
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 Naval Vessels
10.10.2 Cargo Ships
10.10.3 Passenger Vessels
10.10.4 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 For Low-speed Engines
11.6.2 For Medium-speed Engines
11.6.3 For High-speed Engines
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 Naval Vessels
11.10.2 Cargo Ships
11.10.3 Passenger Vessels
11.10.4 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 For Low-speed Engines
12.6.2 For Medium-speed Engines
12.6.3 For High-speed Engines
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 Naval Vessels
12.10.2 Cargo Ships
12.10.3 Passenger Vessels
12.10.4 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 For Low-speed Engines
13.6.2 For Medium-speed Engines
13.6.3 For High-speed Engines
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 Naval Vessels
13.10.2 Cargo Ships
13.10.3 Passenger Vessels
13.10.4 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 Turbochargers Market: Competitive Dashboard
14.2 Global Marine Turbochargers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 MHI
14.3.3 MAN Diesel & Turbo
14.3.4 IHI
14.3.5 Cummins
14.3.6 Honerwell
14.3.7 Wabtec Corporation
14.3.8 KBB
14.3.9 TEL
14.3.10 Hunan Tyen
14.3.11 Fuyuan Turbochargers
14.3.12 Kangyue
14.3.13 CSIC
14.3.14 Xinde Make
14.3.15 Roshow
