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Marine Gensets Market Share

  • Report ID: GMI4014
  • Published Date: May 2023
  • Report Format: PDF

Marine Gensets Market Share

The major players operating in the marine gensets market include :

  • Cummins,Inc
  • MAN Energy Solutions
  • Kirloskar
  • Société Internationale des Moteurs Baudouin
  • Rolls-Royce plc
  •  Weichai Holding Group Co,Ltd
  • Wärtsilä
  • ABB
  • Deere & Company
  • Volvo Penta
  • Caterpillar
  • Scania
  • Nidec Industrial Solutions
  • Solé Diesel
  • Mitsubishi Heavy Industries
  • GlobalTec Solutions
  • Mase Generators of North America LLC
  • Northern Lights,LLC
  • Parikh Power
  • Fischer Panda
  • Anglo Belgian Corporation nv
  •  Kohler Co.

These companies are focusing on marketing strategies, technological advancements, brand recognition, and economies of scale to meet the competition prevailing in the industry. In September 2022, ABB Marine & Ports and MAN Energy Solutions signed a partnership agreement to work together and develop dual-fuel electric power production systems. ABB's Dynamic AC (DAC) power distribution and control system and MAN's new 49/60DF four-stroke engine will be the foundation of the dual-fuel, electric power system+ (DFE+) propulsion system idea that the two businesses will develop in accordance with a Memorandum of Understanding (MOU).

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of marine gensets was around USD 6.3 billion in 2023 and will witness more than 9.2% CAGR from 2024 to 2032.

The merchant application segment will cross USD 4 billion by 2032, led by the expansion of seaborne trade and shipbuilding activities.

Asia Pacific marine gensets industry size will exceed USD 5 billion by 2032 in view of an upbeat outlook for the shipping sector as well as proliferating seaborne trade.

Cummins, MAN Energy Solutions, Rolls-Royce, Volvo Penta, Caterpillar, Weichai Holding Group, Kirloskar, Société Internationale des Moteurs Baudouin, Wärtsilä, ABB, and Deere & Company are some of the key manufacturers of marine gensets.

Marine Gensets Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 24
  • Tables & Figures: 1576
  • Countries covered: 27
  • Pages: 950
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