RnRMarketResearch.com adds Global Marine Propulsion Engine Market 2016-2020 is a new research reports in its store. The analysts forecast global marine propulsion engine market to grow at a CAGR of 4.2% during the period 2016-2020.
Complete marine propulsion engine market report is available at http://www.rnrmarketresearch.com/global-marine-propulsion-engine-market-2016-2020-market-report.html .
The marine propulsion engine market analyst says, an important trend influencing growth is the growing use of marine hybrid propulsion systems. The rising use of hybrid marine propulsion engines can be attributed to the high pollution caused by diesel propulsion engines. Many major ports worldwide and maritime authorities are establishing standards for vessels that operate in designated areas, compelling shipping operators to comply with the emission guidelines in those areas.
According to the marine propulsion engine market report, one factor driving market growth is the surge in commercial shipping. The growth in global commercial shipping is a direct effect of globalization. Since economies worldwide are all interlinked, world trade volume is also affected by the health of the global economy. Therefore, economic development and growth have created enormous opportunities for the marine industry, especially the global demand for and supply of commodities and manufactured goods.
Order a copy of Global Marine Propulsion Engine Market 2016-2020, report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=542935 .
The report, Global Marine Propulsion Engine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The first kind of mechanical marine propulsion engines was the steam engines that came into inception during the 19th century. With time, steam engines have been increasingly replaced by two-stroke and four-stroke diesel engines and gas turbine engines from the 20th century onward. The use of LNG (liquefied natural gas) as a fuel in the marine propulsion engine is gaining popularity because of the low-emission advantages it offers over diesel.
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The report covers the present scenario and the growth prospects of the global marine propulsion engine market for 2016-2020. To calculate the market size, revenue calculated is based on the demand from the shipbuilding industry for the key product segments, namely diesel propulsion engines, gas turbine propulsion engines, and other types of propulsion engines, such as the nuclear-powered propulsion engines.
Main players in the Global Marine Propulsion Engine Market: Caterpillar, Cummins, Hyundai Heavy Industries, MAN Diesel & Turbo, Mitsubishi Heavy Industries, Rolls-Royce, and Wärtsilä. Other Prominent Vendors in the market are: BP, Dresser-Rand, Doosan, Fairbanks Morse, Hydraulic Marine Systems, Hydrosta, Ingeteam, Masson-Marine, Mercury Marine, Nigata Power Systems, Samsung Heavy Industries, Siemens, Volvo Penta, and Yamaha.
Further, the report states that the collapse of the Greek shipbuilding industry will have a significant impact on market growth.
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