Global marine power systems market 2024-2028

Description

List of Tables

The marine power systems market is forecasted to grow by USD 3417.4 mn during 2023-2028, accelerating at a CAGR of 3.49% during the forecast period. The report on the marine power systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by surge in commercial shipping, increase in naval vessels, and growth in floating production storage and offloading (fpso) vessels.

Technavio's marine power systems market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	3.32%
CAGR	3.49%
Incremental Value	$3417.4mn

By Type

Internal lighting
Navigation lighting
Surveillance systems
Engine control
Others

By End-user

Commercial ships
Military vessel
Underwater vehicle
Leisure ships
Small recreational boats

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the growing marine hybrid propulsion market as one of the prime reasons driving the marine power systems market growth during the next few years. Also, emergence of dual-fuel engines and gradual adoption of lng over conventional marine fuel will lead to sizable demand in the market.

The report on the marine power systems market covers the following areas:

Marine power systems market sizing
Marine power systems market forecast
Marine power systems market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading marine power systems market vendors that include AB Volvo, Atlas Marine Systems, Caterpillar Inc., Cummins Inc., Daihatsu Diesel Mfg. Co. Ltd., ENAG SAS, EnerSys, Enpro Inc., General Electric Co., Hydraulic Marine Systems Inc., Hyundai Electric and Energy Systems Co. Ltd., Ingeteam Corp. S.A., MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., NEWMAR, Perkins Engines Co. Ltd., Rolls Royce Holdings Plc, Siemens AG, Wartsila Corp., and Yamaha Corp.. Also, the marine power systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR74303

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Marine Power Systems Market 2018 - 2022
- Historic Market Size - Data Table on Global Marine Power Systems Market 2018 - 2022 ($ million)
4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
6.3 Internal lighting - Market size and forecast 2023-2028
- Chart on Internal lighting - Market size and forecast 2023-2028 ($ million)
- Data Table on Internal lighting - Market size and forecast 2023-2028 ($ million)
- Chart on Internal lighting - Year-over-year growth 2023-2028 (%)
- Data Table on Internal lighting - Year-over-year growth 2023-2028 (%)
6.4 Navigation lighting - Market size and forecast 2023-2028
- Chart on Navigation lighting - Market size and forecast 2023-2028 ($ million)
- Data Table on Navigation lighting - Market size and forecast 2023-2028 ($ million)
- Chart on Navigation lighting - Year-over-year growth 2023-2028 (%)
- Data Table on Navigation lighting - Year-over-year growth 2023-2028 (%)
6.5 Surveillance systems - Market size and forecast 2023-2028
- Chart on Surveillance systems - Market size and forecast 2023-2028 ($ million)
- Data Table on Surveillance systems - Market size and forecast 2023-2028 ($ million)
- Chart on Surveillance systems - Year-over-year growth 2023-2028 (%)
- Data Table on Surveillance systems - Year-over-year growth 2023-2028 (%)
6.6 Engine control - Market size and forecast 2023-2028
- Chart on Engine control - Market size and forecast 2023-2028 ($ million)
- Data Table on Engine control - Market size and forecast 2023-2028 ($ million)
- Chart on Engine control - Year-over-year growth 2023-2028 (%)
- Data Table on Engine control - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
7.3 Commercial ships - Market size and forecast 2023-2028
- Chart on Commercial ships - Market size and forecast 2023-2028 ($ million)
- Data Table on Commercial ships - Market size and forecast 2023-2028 ($ million)
- Chart on Commercial ships - Year-over-year growth 2023-2028 (%)
- Data Table on Commercial ships - Year-over-year growth 2023-2028 (%)
7.4 Military vessel - Market size and forecast 2023-2028
- Chart on Military vessel - Market size and forecast 2023-2028 ($ million)
- Data Table on Military vessel - Market size and forecast 2023-2028 ($ million)
- Chart on Military vessel - Year-over-year growth 2023-2028 (%)
- Data Table on Military vessel - Year-over-year growth 2023-2028 (%)
7.5 Underwater vehicle - Market size and forecast 2023-2028
- Chart on Underwater vehicle - Market size and forecast 2023-2028 ($ million)
- Data Table on Underwater vehicle - Market size and forecast 2023-2028 ($ million)
- Chart on Underwater vehicle - Year-over-year growth 2023-2028 (%)
- Data Table on Underwater vehicle - Year-over-year growth 2023-2028 (%)
7.6 Leisure ships - Market size and forecast 2023-2028
- Chart on Leisure ships - Market size and forecast 2023-2028 ($ million)
- Data Table on Leisure ships - Market size and forecast 2023-2028 ($ million)
- Chart on Leisure ships - Year-over-year growth 2023-2028 (%)
- Data Table on Leisure ships - Year-over-year growth 2023-2028 (%)
7.7 Small recreational boats - Market size and forecast 2023-2028
- Chart on Small recreational boats - Market size and forecast 2023-2028 ($ million)
- Data Table on Small recreational boats - Market size and forecast 2023-2028 ($ million)
- Chart on Small recreational boats - Year-over-year growth 2023-2028 (%)
- Data Table on Small recreational boats - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 South Korea - Market size and forecast 2023-2028
- Chart on South Korea - Market size and forecast 2023-2028 ($ million)
- Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
- Chart on South Korea - Year-over-year growth 2023-2028 (%)
- Data Table on South Korea - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 AB Volvo
- AB Volvo - Overview
- AB Volvo - Business segments
- AB Volvo - Key news
- AB Volvo - Key offerings
- AB Volvo - Segment focus
12.4 Atlas Marine Systems
- Atlas Marine Systems - Overview
- Atlas Marine Systems - Product / Service
- Atlas Marine Systems - Key offerings
12.5 Caterpillar Inc.
- Caterpillar Inc. - Overview
- Caterpillar Inc. - Business segments
- Caterpillar Inc. - Key news
- Caterpillar Inc. - Key offerings
- Caterpillar Inc. - Segment focus
12.6 Cummins Inc.
- Cummins Inc. - Overview
- Cummins Inc. - Business segments
- Cummins Inc. - Key news
- Cummins Inc. - Key offerings
- Cummins Inc. - Segment focus
12.7 Daihatsu Diesel Mfg. Co. Ltd.
- Daihatsu Diesel Mfg. Co. Ltd. - Overview
- Daihatsu Diesel Mfg. Co. Ltd. - Business segments
- Daihatsu Diesel Mfg. Co. Ltd. - Key news
- Daihatsu Diesel Mfg. Co. Ltd. - Key offerings
- Daihatsu Diesel Mfg. Co. Ltd. - Segment focus
12.8 EnerSys
- EnerSys - Overview
- EnerSys - Business segments
- EnerSys - Key news
- EnerSys - Key offerings
- EnerSys - Segment focus
12.9 Enpro Inc.
- Enpro Inc. - Overview
- Enpro Inc. - Business segments
- Enpro Inc. - Key news
- Enpro Inc. - Key offerings
- Enpro Inc. - Segment focus
12.10 General Electric Co.
- General Electric Co. - Overview
- General Electric Co. - Business segments
- General Electric Co. - Key news
- General Electric Co. - Key offerings
- General Electric Co. - Segment focus
12.11 Hydraulic Marine Systems Inc.
- Hydraulic Marine Systems Inc. - Overview
- Hydraulic Marine Systems Inc. - Product / Service
- Hydraulic Marine Systems Inc. - Key offerings
12.12 Hyundai Electric and Energy Systems Co. Ltd.
- Hyundai Electric and Energy Systems Co. Ltd. - Overview
- Hyundai Electric and Energy Systems Co. Ltd. - Product / Service
- Hyundai Electric and Energy Systems Co. Ltd. - Key offerings
12.13 Ingeteam Corp. S.A.
- Ingeteam Corp. S.A. - Overview
- Ingeteam Corp. S.A. - Product / Service
- Ingeteam Corp. S.A. - Key offerings
12.14 MAN Energy Solutions SE
- MAN Energy Solutions SE - Overview
- MAN Energy Solutions SE - Product / Service
- MAN Energy Solutions SE - Key offerings
12.15 Mitsubishi Heavy Industries Ltd.
- Mitsubishi Heavy Industries Ltd. - Overview
- Mitsubishi Heavy Industries Ltd. - Business segments
- Mitsubishi Heavy Industries Ltd. - Key news
- Mitsubishi Heavy Industries Ltd. - Key offerings
- Mitsubishi Heavy Industries Ltd. - Segment focus
12.16 NEWMAR
- NEWMAR - Overview
- NEWMAR - Product / Service
- NEWMAR - Key offerings
12.17 Perkins Engines Co. Ltd.
- Perkins Engines Co. Ltd. - Overview
- Perkins Engines Co. Ltd. - Product / Service
- Perkins Engines Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.8 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations