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.
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
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:
Types
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.
Applications
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:
- MAN SE
- Wärtsilä
- GE
- Caterpillar Inc
- Rolls-Royce
- Bechtel Corporation
- Fluor Corporation
- Kirloskar Oil Engines Ltd
- Shaanxi Diesel Engine Factory
Highlights of The Naval Vessel Engines 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:
- Nuclear Reactor
- Gas Turbine
- Others
- By Application:
- Vessels
- Submarines
- 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 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:
- 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?
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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Wärtsilä
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Caterpillar Inc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rolls-Royce
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bechtel Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fluor Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kirloskar Oil Engines Ltd
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shaanxi Diesel Engine Factory
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
