The global marine engines market is expected to grow at a significant CAGR during the forecast period 2021-2027. The marine engine is a mechanical device that is applicable to serve the propulsion of marine vessels and watercraft. It was a type of propeller or engine that are implanted or manufactured on various ships to perform their actions. The marine engine comprises an internal combustion engine and onboard, ships to deliver efficient energy to the propulsion system, generators, auxiliary equipment and vessels. The engine was manufactured and designed with resistance against corrosion, water and chemical harms to safeguard the material.
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The increasing demand for efficient power, highly economic and maximum mileage capacity for marine engines and growing need for fuel-efficient engines propels the growth of the global marine engines market. Additionally, the rising development in maritime industries, increasing government initiatives and investment in manufacturing and production of marine engines and rising technological advancement to gain desirable function and enhanced productivity are some major dynamics that were anticipated to induce lucrative growth opportunities for the global marine engines market and exhibit highest market growth during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Marine Engines Market by Segment
By Power Range
o Up to 1000 hp
o 1001 – 5000 hp
o 5001 – 10000 hp
o 10001 – 20000 hp
o Above 20000 hp.
By Engine
o Propulsion Engine
o Auxillary Engine
By Vessel
o Commercial Vessel
o Offshore Support Vessel
o Others
By Type
o Two-stroke
o Four-stroke
By Fuel
o Heavy Fuel Oil
o Intermediate Fuel Oil
o Marine Diesel Oil
o Marine Gas Oil
o Others
Global Marine Engines Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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