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Marine Engines Market Size
- Report ID: GMI2572
- Published Date: Jul 2020
- Report Format: PDF
Marine Engines Market Size
Marine Engines Market size is anticipated to register more than 4% CAGR between 2020 and 2026. Rising seaborne trade throughout emerging economies owing to the growth within the shipping industry will augment the business landscape. Technological development and product design, shifting focus from conventional fuel towards low sulphur fuel and strict government directives to adopt green fuel will aid the demand for engines supporting LSFO, LNG and hybrid fuel.
Implementation of government mandates to limit maritime pollution primarily in Emission Control Areas (ECAs) will fuel the demand for low emission engines. Increasing efforts toward expanding engine capacities has further led to the development initiatives for designing reliably advanced systems.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| Marine Engines Market Size in 2019: | 8.2 Billion (USD) |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 4.56% |
| 2026 Value Projection: | 8.8 Billion (USD) |
| Historical Data for: | 2015 to 2019 |
| No. of Pages: | 735 |
| Tables, Charts & Figures: | 1,335 |
| Segments covered: | Product, Power, Technology, Propulsion, Application |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Marine Engines Market Scope
