Global Marine Hybrid Propulsion Market Size study&Forecast, by Operation Type, by Components, by Ship Type, by Installation and Regional Analysis, 2023-2030

Description

List of Tables

Global Marine Hybrid Propulsion Market is valued at approximately USD4.62 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 12.4%duringthe forecast period 2023-2030.Marine hybrid propulsion amalgamates internal combustion engines with electric motors and energy storage, leading to enhanced fuel efficiency and a diminished environmental footprint. This innovative approach provides adaptability, allowing vessels to navigate effectively across diverse speedsand cargo requirements. Through the utilization of both traditional and electric power sources, marine hybrid propulsion systems actively support sustainability initiatives within the maritime sector, concurrently bolstering operational efficacy and dependability.The Global Marine Hybrid Propulsion Market is continuously growing due to factors such as decreasing fuel consumption and growing environmental concerns.

Growing trend towards sustainability and decreasing consumption of fuel, the Marine Hybrid Propulsion Market is continuously growing. According to the International Maritime Organization (IMO), the initial GHG strategy aims to reduce CO2 emissions per transport work in international shipping by at least 40% by 2030 and 70% by 2050 compared to 2008 levels. To meet these targets, International Maritime Organization (IMO) has implemented a series of goal-based measures to lower the carbon intensity of international shipping, promoting investments in fuel-saving technologies. In line with these efforts, the marine hybrid propulsion market is poised for growth, offering ship-owners and operators innovative solutions to enhance energy efficiency and reduce emissions, aligning with IMO's sustainability objectives for the maritime industry. This led to the growth of Marine Hybrid Market globally. Moreover, advancement in technologies and expansion in renewable energy integration are the opportunities for Global Marine Hybrid Propulsion Market that led to market growth. However, the heavy installation costs and increase in complexity stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Marine Hybrid Propulsion Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.North America dominated the market in 2022owing to the dominance of the rising fleet size, increased focus on various OEMs on R&D and implementation of hybrid propulsion systems.Asia Pacific is expected to grow significantly overthe forecast period, owing to factors such as rising international trade, increasein ship building activities and growing environmental concerns led to the market growth of Marine Hybrid Propulsion Market globally.

Major market player included in this report are:

Cummins Inc
AB Volvo Panta
Rolls-Royce plc
Nigata Power Systems Co., Ltd.
Mitsubishi Heavy Electrics Ltd.
Schottel Group
Siemens
Steyr Motors GmbH
Torqueedo GmbH
Wartsila Corporation

Recent Developments in the Market:

In August 2023, Ilika and Cirtec Medical finalized a 10-year licensing agreement for the manufacturing of the Stereax range of millimeter-scale batteries at Cirtec's facility.
In December 2020, Rolls-Royce unveiled a comprehensive line of fully integrated MTU hybrid propulsion systems tailored for a diverse range of maritime vessels, including ships, yachts, workboats, ferries, and patrol boats. These propulsion systems boasted a power spectrum spanning approximately 1,000kW to 4,000kW per powertrain. The company's objective was to deliver substantial advantages to its clientele by blending diesel engines and electric motors, complemented by battery technology. This innovative integration promised enhanced efficiency, environmental friendliness, and operational versatility for marine propulsion applications.

Global Marine Hybrid Propulsion MarketReport Scope:

Historical Data -2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered -OperationType, Components, Ship Type,Installation, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

ByOperation Type:

Parallel Hybrid Propulsion System
Serial Hybrid Propulsion System

By Components:

I.C. Engine
Generator
Power Management System
Battery
Gear Box
Others

Ship Type:

Container Ship
Passenger Ship
Fishing Vessel
Yacht
Tankers
Others

By Installation:

Line Fit
Retro Fit

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Marine Hybrid Propulsion Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Marine Hybrid Propulsion Market, by Operation Type,2020-2030 (USD Billion)
- 1.2.3. Marine Hybrid Propulsion Market, by Components, 2020-2030 (USD Billion)
- 1.2.4. Marine Hybrid Propulsion Market, by Ship Type, 2020-2030 (USD Billion)
- 1.2.5. Marine Hybrid Propulsion Market, by Installation, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Marine Hybrid Propulsion Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Marine Hybrid Propulsion Market Dynamics

3.1. Marine Hybrid Propulsion Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Decreasing Fuel Consumption
  - 3.1.1.2. Growing Environmental Concerns
- 3.1.2. Market Challenges
  - 3.1.2.1. Heavy Installation Costs
  - 3.1.2.2. Increase in Complexity
- 3.1.3. Market Opportunities
  - 3.1.3.1. Advancements in Technology
  - 3.1.3.2. Expansion in Renewable Energy Integration

Chapter 4. Global Marine Hybrid Propulsion MarketIndustry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Marine Hybrid Propulsion Market, by Operation Type

5.1. Market Snapshot
5.2. Global Marine Hybrid Propulsion Market by Operation Type, Performance - Potential Analysis
5.3. Global Marine Hybrid Propulsion Market Estimates & Forecasts by Operation Type2020-2030 (USD Billion)
5.4. Marine Hybrid Propulsion Market, Sub Segment Analysis
- 5.4.1. Parallel Hybrid Propulsion System
- 5.4.2. Serial Hybrid Propulsion System

Chapter 6. Global Marine Hybrid Propulsion Market, by Components

6.1. Market Snapshot
6.2. Global Marine Hybrid Propulsion Market byComponents, Performance - Potential Analysis
6.3. Global Marine Hybrid Propulsion Market Estimates & Forecasts by Components2020-2030 (USD Billion)
6.4. Marine Hybrid Propulsion Market, Sub Segment Analysis
- 6.4.1. I.C. Engine
- 6.4.2. Generator
- 6.4.3. Power Management System
- 6.4.4. Battery
- 6.4.5. Gear Box
- 6.4.6. Others

Chapter 7. Global Marine Hybrid Propulsion Market, by Ship Type

7.1. Market Snapshot
7.2. Global Marine Hybrid Propulsion Market byShip Type, Performance - Potential Analysis
7.3. Global Marine Hybrid Propulsion Market Estimates & Forecasts by Ship Type2020-2030 (USD Billion)
7.4. Marine Hybrid Propulsion Market, Sub Segment Analysis
- 7.4.1. Container Ship
- 7.4.2. Passenger Ship
- 7.4.3. Fishing Vessel
- 7.4.4. Yacht
- 7.4.5. Tankers
- 7.4.6. Others

Chapter 8. Global Marine Hybrid Propulsion Market, by Installation

8.1. Market Snapshot
8.2. Global Marine Hybrid Propulsion Market byInstallation, Performance - Potential Analysis
8.3. Global Marine Hybrid Propulsion Market Estimates & Forecasts by Installation 2020-2030 (USD Billion)
8.4. Marine Hybrid Propulsion Market, Sub Segment Analysis
- 8.4.1. Line Fit
- 8.4.2. Retro Fit

Chapter 9. Global Marine Hybrid Propulsion Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Marine Hybrid Propulsion Market, Regional Market Snapshot
9.4. North America Marine Hybrid Propulsion Market
- 9.4.1. U.S.Marine Hybrid Propulsion Market
  - 9.4.1.1. Operation Typebreakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Components breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Ship Typebreakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. Installation breakdown estimates & forecasts, 2020-2030
- 9.4.2. CanadaMarine Hybrid Propulsion Market
9.5. Europe Marine Hybrid Propulsion Market Snapshot
- 9.5.1. U.K. Marine Hybrid Propulsion Market
- 9.5.2. Germany Marine Hybrid Propulsion Market
- 9.5.3. France Marine Hybrid Propulsion Market
- 9.5.4. Spain Marine Hybrid Propulsion Market
- 9.5.5. Italy Marine Hybrid Propulsion Market
- 9.5.6. Rest of EuropeMarine Hybrid Propulsion Market
9.6. Asia-PacificMarine Hybrid Propulsion Market Snapshot
- 9.6.1. China Marine Hybrid Propulsion Market
- 9.6.2. India Marine Hybrid Propulsion Market
- 9.6.3. JapanMarine Hybrid Propulsion Market
- 9.6.4. Australia Marine Hybrid Propulsion Market
- 9.6.5. South Korea Marine Hybrid Propulsion Market
- 9.6.6. Rest of Asia PacificMarine Hybrid Propulsion Market
9.7. Latin America Marine Hybrid Propulsion Market Snapshot
- 9.7.1. Brazil Marine Hybrid Propulsion Market
- 9.7.2. MexicoMarine Hybrid Propulsion Market
9.8. Middle East & AfricaMarine Hybrid Propulsion Market
- 9.8.1. Saudi ArabiaMarine Hybrid Propulsion Market
- 9.8.2. South AfricaMarine Hybrid Propulsion Market
- 9.8.3. Rest of Middle East & AfricaMarine Hybrid Propulsion Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Cummins Inc
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. ProductSummary
  - 10.3.1.5. Recent Developments
- 10.3.2. AB Volvo Panta
- 10.3.3. Rolls-Royce plc
- 10.3.4. Nigata Power Systems Co., Ltd.
- 10.3.5. Mitsubishi Heavy Electrics Ltd.
- 10.3.6. Schottel Group
- 10.3.7. Siemens
- 10.3.8. Steyr Motors GmbH
- 10.3.9. Torqueedo GmbH
- 10.3.10. Wartsila Corporation

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Marine Hybrid Propulsion Market, report scope
TABLE 2. Global Marine Hybrid Propulsion Market estimates & forecasts by Region2020-2030 (USD Billion)
TABLE 3. Global Marine Hybrid Propulsion Market estimates & forecasts byOperation Type2020-2030 (USD Billion)
TABLE 4. Global Marine Hybrid Propulsion Market estimates & forecasts by Components 2020-2030 (USD Billion)
TABLE 5. Global Marine Hybrid Propulsion Market estimates & forecasts by Ship Type 2020-2030 (USD Billion)
TABLE 6. Global Marine Hybrid Propulsion Market estimates & forecasts by Installation 2020-2030 (USD Billion)
TABLE 7. Global Marine Hybrid Propulsion Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Marine Hybrid Propulsion Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Marine Hybrid Propulsion Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Marine Hybrid Propulsion Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Marine Hybrid Propulsion Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Marine Hybrid Propulsion Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Marine Hybrid Propulsion Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Marine Hybrid Propulsion Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Marine Hybrid Propulsion Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Marine Hybrid Propulsion Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Marine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Marine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Marine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Marine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Marine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. FranceMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. FranceMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. ItalyMarine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. ItalyMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. ItalyMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. SpainMarine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. SpainMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. SpainMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoEMarine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoEMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoEMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Marine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Marine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Marine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Marine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Marine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPACMarine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPACMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPACMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Marine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Marine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Marine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLAMarine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLAMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLAMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi ArabiaMarine Hybrid Propulsion Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South AfricaMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEAMarine Hybrid Propulsion Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Marine Hybrid Propulsion Market
TABLE 72. List of primary sources, used in the study of global Marine Hybrid Propulsion Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Marine Hybrid Propulsion Market, research methodology
FIG 2. Global Marine Hybrid Propulsion Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Marine Hybrid Propulsion Market, key trends 2022
FIG 5. Global Marine Hybrid Propulsion Market, growth prospects 2023-2030
FIG 6. Global Marine Hybrid Propulsion Market, porters 5 force model
FIG 7. Global Marine Hybrid Propulsion Market, pest analysis
FIG 8. Global Marine Hybrid Propulsion Market, value chain analysis
FIG 9. Global Marine Hybrid Propulsion Market by segment, 2020& 2030 (USD Billion)
FIG 10. Global Marine Hybrid Propulsion Market by segment, 2020& 2030 (USD Billion)
FIG 11. Global Marine Hybrid Propulsion Market by segment, 2020& 2030 (USD Billion)
FIG 12. Global Marine Hybrid Propulsion Market by segment, 2020& 2030 (USD Billion)
FIG 13. Global Marine Hybrid Propulsion Market by segment, 2020& 2030 (USD Billion)
FIG 14. Global Marine Hybrid Propulsion Market, regional snapshot 2020& 2030
FIG 15. North America Marine Hybrid Propulsion Market2020& 2030 (USD Billion)
FIG 16. Europe Marine Hybrid Propulsion Market2020& 2030 (USD Billion)
FIG 17. Asia pacific Marine Hybrid Propulsion Market2020& 2030 (USD Billion)
FIG 18. Latin America Marine Hybrid Propulsion Market2020& 2030 (USD Billion)
FIG 19. Middle East &AfricaMarine Hybrid Propulsion Market 2020& 2030 (USD Billion)