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Asia Pacific Marine Gensets Market Size

  • Report ID: GMI9346
  • Published Date: May 2024
  • Report Format: PDF

Asia Pacific Marine Gensets Market Size

Asia Pacific Marine Gensets Market was valued at USD 3.68 billion in 2023 and is estimated to grow at a CAGR of over 4.5% between 2024 and 2032. Robust expansion in seaborne trade across the region along with increasing popularity of maritime tourism will contribute to the demand for these gensets.

 

Marine gensets provide electrical power to different systems and equipment on board ships, boats, offshore platforms, and other maritime vessels where a reliable and continuous power supply is essential. These gensets come in various sizes and configurations to suit different types of vessels, ranging from small pleasure boats and yachts to large commercial ships, offshore drilling rigs, and naval vessels. They play a critical role in ensuring the safe and efficient operation of marine vessels by providing essential electrical power for propulsion and onboard systems, both at sea and while docked in port.
 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific marine gensets industry size was USD 3.68 billion in 2023 and will demonstrate a 4.5% CAGR during 2024 and 2032, due to the burgeoning maritime trade, increasing investments in marine infrastructure development, and popularity of maritime tourism across the region.

Asia Pacific LNG fueled marine gensets market will record USD 600 million by 2032, attributed to increasing focus on reducing greenhouse gas emissions in maritime operations and stringent environmental regulations.

China marine gensets market size will reach USD 1.2 billion by 2032, driven by robust maritime industry, extensive coastal infrastructure development, and increasing investments in offshore energy exploration.

ABB, Bhojani Generators, Caterpillar, Cummins Inc., Deere & Company, Fischer Panda, Kirloskar, Kohler Co., MAN Energy Solutions, Mitsubishi Heavy Industries, Nidec Industrial Solutions, Rolls-Royce plc, Scania, Solé Diesel, Volvo Penta, and Yanmar, among others.

Asia Pacific Marine Gensets Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 430
  • Countries covered: 7
  • Pages: 200
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