PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1565606
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1565606
Europe Marine Hybrid Propulsion Market Introduction and Overview
According to SPER market research, 'Europe Marine Hybrid Propulsion Market Size- By Operation Type, By Component, By Ship Type, By Installation - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Europe Marine Hybrid Propulsion Market is predicted to reach USD 16.56 billion by 2033 with a CAGR of 11.59%.
Europe's marine hybrid propulsion market is expanding for a number of significant reasons. Marine industry is being forced by strict environmental legislation to use more environmentally friendly technologies in order to reduce emissions and fulfill international standards.
The COVID-19 epidemic had a major effect on the European marine hybrid propulsion industry, causing supply chain interruptions, project delays, and a brief halt to orders for new vessels. Lockdowns and travel restrictions hampered production, made it impossible to deliver critical components, and made it difficult to adopt hybrid technology.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered: By Operation Type, By Component, By Ship Type, By Installation.
Regions covered: France, Germany, Italy, Spain, United Kingdom, Rest of Europe
Companies Covered: ABB Ltd, BAE Systems, Nidec Industrial Solutions, MAN Energy Solutions, Siemens, Wartsila Corporation, Steyr Motors, Others.
Europe Marine Hybrid Propulsion Market Segmentation:
By Operation Type: Based on the Operation Type, Europe Marine Hybrid Propulsion Market is segmented as; Parallel Hybrid Propulsion System, Serial Hybrid Propulsion System.
By Component: Based on the Component, Europe Marine Hybrid Propulsion Market is segmented as; IC Engine, Generator, Power Management System, Battery, Gear Box, Others.
By Ship Type: Based on the Ship Type, Europe Marine Hybrid Propulsion Market is segmented as; Container Ship, Passenger Ship, Fishing Vessel, Yacht, Tanker, Others.
By Region: This research also includes data for France, Germany, Italy, Spain, United Kingdom, Rest of Europe.