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(Transportation-News.com, August 13, 2018 ) Market Overview:-
Global Marine Propulsion Engine Market is set to be over USD 13 billion by 2024 with a CAGR of more than 4%. Increasing the efficiency of ships by using renewable resources is forecast to enable modernization and reduce the impact on diesel engines. Next generation tankers capability to carry large loads will augment marine propulsion engine market.
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Growth in the aerospace and defense industry and increasing R&D activities are the major driving factors for the development of the aviation test equipment market. Increased development of software adaptable solutions, increased investment in defense sector by the governments and growing commercial aerospace industry further fuels the demand.
Top Key Players:-
The key players of global Marine Propulsion Engine Market are Mitsubishi, Wärtsilä, Yamaha, Caterpillar, MAN Diesel & Turbo, Hydraulic Marine Systems, Cummins, Volvo Penta, Rolls Royce, Sinopec.
Regional Segmentations:-
Asia Pacific contributed to over half of the total revenue generated in 2015 due to China and Korea marine propulsion engine market growth.
U.S. may witness high adoption rate of LNG during the forecast period.
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Major Points of Table Of Content:-
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.2. Data Sources
Chapter 2. Executive Summary
2.1. Marine propulsion engine industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends
Chapter 3. Marine Propulsion Engine Industry Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.4. Technological landscape
3.5. Industry Impact forces
3.5.1 Growth drivers
3.5.1.1 Rising demand for operationally-dependable and efficient ships
3.5.1.2 Introdution of nuclear propulsion engines
3.5.1.3 Rising LNG prominence
3.5.1.4 Growing prefrence for non-conventional energy sources
3.5.2 Industry pitfalls & challenges
3.5.2.1 Strict emission standards
3.5.2.2 Renewable energy sources limitations for primary propulsion
3.6. Growth potential analysis
3.7. Porter’s analysis
3.8. Key competitor landscape
3.9. PESTEL analysis
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Diesel propulsion engine sector will grow at CAGR estimation of around 4% and was around USD 6 billion in 2015 owing to technological developments such as break mean effective pressure, firing pressures, turbo-charging efficiency and fuel injection technology. Increase in electric transmission installations will boost the use of fuel cell.
Renewable resources such as biodiesel, wind, and solar, are used for power generation in driving the ships. Solar and wind accounted for more than 3% of global share is anticipated to grow at around 6% CAGR.
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Source: EmailWire.Com 
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