Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Naval Vessel Engines Market by Type (Nuclear Reactor, Gas Turbine, Others), By Application (Vessels, Submarines) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Naval Vessel Engines Market by Type (Nuclear Reactor, Gas Turbine, Others), By Application (Vessels, Submarines) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 157919 3300 Machinery & Equipment 377 230 Pages 5 (38)

Market Overview:

The global naval vessel engines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for naval vessels and submarines across the world. In addition, the increasing focus on maritime security has led to an increase in the number of naval vessel orders, which is further propelling the growth of this market. The global naval vessel engines market can be segmented on the basis of type into nuclear reactor, gas turbine, and others. The gas turbine segment is expected to hold a major share of this market during the forecast period owing to its high efficiency and low fuel consumption as compared to other types of engines available in this market. On the basis of application,the global naval vessel enginesmarket can be divided into vessels and submarines.

Global Naval Vessel Engines Industry Outlook

Product Definition:

Naval Vessel Engines are the engines that power naval vessels. They are important because they provide the power necessary to move the vessel and operate its weapons and other systems.

Nuclear Reactor:

Nuclear reactor is a device that contains an unstable atomic nucleus which can be converted to stable nuclei by means of controlled nuclear reactions. The most common type of nuclear reactors used on naval vessels are the pressurized water reactors (PWR). PWRs have several advantages over gas-cooled reactor (GCR) and liquid metal fast breeder reactor (LMFBR) as they are available in the market.

Gas Turbine:

A gas turbine is an engine, which heats a mixture of fuel and outside air to generate mechanical energy through the spinning of the shaft. The mechanical energy further drives a generator, which produces electrical energy.

The prime benefit associated with this type of propulsion system is its ability to provide independent power source for ships’ main engines as well as auxiliary generators in case of emergencies such as breakdowns or equipment failures.

Application Insights:

Vessel applications accounted for the largest revenue share of over 60% in 2017. The demand for these products is expected to increase significantly owing to their use in vessels operating at extreme temperatures, which require minimal maintenance. These engines also offer a high level of safety and reliability, which is further likely to propel their demand over the forecast period.

Submarines are anticipated to be among the fastest-growing application segments due largely to increasing defense budgets by countries such as China and Russia that are focusing on developing advanced submarines capable of carrying out missions deep underwater. This trend has resulted in increased product penetration across this segment as they provide operational efficiency with enhanced capability and reduced maintenance cost compared with surface-based aircraft carriers.

Regional Analysis:

Asia Pacific naval vessel engines market is expected to grow at the highest CAGR of XX% from 2018 to 2030. This growth can be attributed to rising tensions between China and U.S., which has led the countries in the region to increase their defense spending, thereby driving demand for diesel engines for vessels and submarines.

Europe was estimated as a significant regional market in 2017 owing to high demand from fishing boats, coastal patrol ships, yachts, and other commercial applications. However, stringent environmental regulations regarding exhaust emission are anticipatedto hamper growth over the forecast period.

Latin America has witnessed increasing investments by foreign companies towards development of renewable energy sources such as wind turbines.

Growth Factors:

  • Increasing demand for naval vessels for defense purposes across the globe
  • Growing need for advanced engines with enhanced fuel efficiency and low emissions
  • Proliferation of maritime trade and increasing traffic in coastal areas
  • Development of new technologies and advancement in engine design and manufacturing processes
  • Rising investments by governments to strengthen their naval capabilities

Scope Of The Report

Report Attributes

Report Details

Report Title

Naval Vessel Engines Market Research Report

By Type

Nuclear Reactor, Gas Turbine, Others

By Application

Vessels, Submarines

By Companies

MAN SE, Wärtsilä, GE, Caterpillar Inc, Rolls-Royce, Bechtel Corporation, Fluor Corporation, Kirloskar Oil Engines Ltd, Shaanxi Diesel Engine Factory

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Naval Vessel Engines Market Report Segments:

The global Naval Vessel Engines market is segmented on the basis of:


Nuclear Reactor, Gas Turbine, 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.


Vessels, Submarines

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:

  1. MAN SE
  2. Wärtsilä
  3. GE
  4. Caterpillar Inc
  5. Rolls-Royce
  6. Bechtel Corporation
  7. Fluor Corporation
  8. Kirloskar Oil Engines Ltd
  9. Shaanxi Diesel Engine Factory

Global Naval Vessel Engines Market Overview

Highlights of The Naval Vessel Engines Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Nuclear Reactor
    2. Gas Turbine
    3. Others
  1. By Application:

    1. Vessels
    2. Submarines
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Naval Vessel Engines 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:

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Global Naval Vessel Engines Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Naval Vessel Engines are engines used on naval vessels. They are typically diesel-powered, and can be used for propulsion, power generation, or both.

Some of the key players operating in the naval vessel engines market are MAN SE, WƒÂ¤rtsilƒÂ¤, GE, Caterpillar Inc, Rolls-Royce, Bechtel Corporation, Fluor Corporation, Kirloskar Oil Engines Ltd, Shaanxi Diesel Engine Factory.

The naval vessel engines market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Naval Vessel Engines Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Naval Vessel Engines Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Naval Vessel Engines Market - Supply Chain
   4.5. Global Naval Vessel Engines Market Forecast
      4.5.1. Naval Vessel Engines Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Naval Vessel Engines Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Naval Vessel Engines Market Absolute $ Opportunity

5. Global Naval Vessel Engines Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Naval Vessel Engines Market Size and Volume Forecast by Type
      5.3.1. Nuclear Reactor
      5.3.2. Gas Turbine
      5.3.3. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Naval Vessel Engines Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Naval Vessel Engines Market Size and Volume Forecast by Application
      6.3.1. Vessels
      6.3.2. Submarines
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Naval Vessel Engines Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Naval Vessel Engines Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Naval Vessel Engines Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Naval Vessel Engines Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Naval Vessel Engines Demand Share Forecast, 2019-2026

9. North America Naval Vessel Engines Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Naval Vessel Engines Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Naval Vessel Engines Market Size and Volume Forecast by Application
      9.4.1. Vessels
      9.4.2. Submarines
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Naval Vessel Engines Market Size and Volume Forecast by Type
      9.7.1. Nuclear Reactor
      9.7.2. Gas Turbine
      9.7.3. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Naval Vessel Engines Demand Share Forecast, 2019-2026

10. Latin America Naval Vessel Engines Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Naval Vessel Engines Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Naval Vessel Engines Market Size and Volume Forecast by Application
      10.4.1. Vessels
      10.4.2. Submarines
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Naval Vessel Engines Market Size and Volume Forecast by Type
      10.7.1. Nuclear Reactor
      10.7.2. Gas Turbine
      10.7.3. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Naval Vessel Engines Demand Share Forecast, 2019-2026

11. Europe Naval Vessel Engines Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Naval Vessel Engines Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Naval Vessel Engines Market Size and Volume Forecast by Application
      11.4.1. Vessels
      11.4.2. Submarines
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Naval Vessel Engines Market Size and Volume Forecast by Type
      11.7.1. Nuclear Reactor
      11.7.2. Gas Turbine
      11.7.3. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Naval Vessel Engines Demand Share, 2019-2026

12. Asia Pacific Naval Vessel Engines Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Naval Vessel Engines Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Naval Vessel Engines Market Size and Volume Forecast by Application
      12.4.1. Vessels
      12.4.2. Submarines
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Naval Vessel Engines Market Size and Volume Forecast by Type
      12.7.1. Nuclear Reactor
      12.7.2. Gas Turbine
      12.7.3. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Naval Vessel Engines Demand Share, 2019-2026

13. Middle East & Africa Naval Vessel Engines Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Naval Vessel Engines Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Naval Vessel Engines Market Size and Volume Forecast by Application
      13.4.1. Vessels
      13.4.2. Submarines
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Naval Vessel Engines Market Size and Volume Forecast by Type
      13.7.1. Nuclear Reactor
      13.7.2. Gas Turbine
      13.7.3. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Naval Vessel Engines Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Naval Vessel Engines Market: Market Share Analysis
   14.2. Naval Vessel Engines Distributors and Customers
   14.3. Naval Vessel Engines Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. MAN SE Overview Financials Developments Strategic Outlook
      14.4.2. Wärtsilä Overview Financials Developments Strategic Outlook
      14.4.3. GE Overview Financials Developments Strategic Outlook
      14.4.4. Caterpillar Inc Overview Financials Developments Strategic Outlook
      14.4.5. Rolls-Royce Overview Financials Developments Strategic Outlook
      14.4.6. Bechtel Corporation Overview Financials Developments Strategic Outlook
      14.4.7. Fluor Corporation Overview Financials Developments Strategic Outlook
      14.4.8. Kirloskar Oil Engines Ltd Overview Financials Developments Strategic Outlook
      14.4.9. Shaanxi Diesel Engine Factory Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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