Marine Hybrid Propulsion Market Research Report 2023

Marine Hybrid Propulsion Market Synopsis

The Global Marine Hybrid Propulsion Market size was reasonably estimated to be approximately USD 4100 Million in 2023 and is poised to generate revenue over USD 7000 Million by the end of 2030, projecting a CAGR of around 6.90% from 2023 to 2030.

Marine hybrid propulsion systems are gradually emerging as one of the most preferred clean propulsion systems globally and are being used in several vessel categories. One of the major advantages of using hybrid propulsion systems is their clean and efficient mechanism, which significantly lowers emissions as compared to conventional propulsion systems.

Features such as silent maneuvering, emission-free operations, and lower degrees of fuel consumption have prompted vessel and towage operators to invest in this technology. Development of the technology originating from the hybrid automotive industry has assisted technology developers in designing efficient and economical marine hybrid propulsion systems.
Marine hybrid propulsion systems are designed to use two independent drive systems for propulsion. A diesel engine and an electric motor, where electric power is generally stored in batteries or a supercapacitor. The system utilizes the unused capacity of the main diesel engine to generate electricity and store it in batteries for later use.
The switch from fuel-based conventional propulsion to the environment-friendly hybrid variety is increasing owing to the latter's efficiency and cost-effectiveness. Multiple ship operators are utilizing renewable energy including solar energy as a storage option in hybrid propulsion systems.

Top Key Players Involved Are:

"ABB (Switzerland), Wärtsilä Corporation (Finland), Man Energy Solutions SE (Germany), Rolls-Royce Holdings PLC (UK), Siemens AG (Germany), General Electric Company (US), Caterpillar INC. (US), Volvo Penta (Sweden), Bae Systems PLC (UK), Torqeedo GMBH (Germany), Electric Marine Propulsion BV (Netherlands), Cummins INC. (US), Visedo Oy (Finland), Hybrid Marine (UK), Aspin Kemp & Associates (Canada), Leclanché SA (Switzerland), The Switch (Finland), Danfoss Editron (Finland), Steyr Motors GMBH (Austria), ZF Friedrichshafen AG (Germany), and Other Major Players."

Marine Hybrid Propulsion Market Trend Analysis

Growing Seaborne International Trade

As seaborne international trade continues to grow, there is a higher demand for shipping services and vessels. This demand puts pressure on the maritime industry to find sustainable and efficient propulsion solutions to meet the increased transportation needs.

Hybrid propulsion systems offer the potential to reduce fuel consumption and, consequently, fuel costs. With growing trade volumes, vessel owners and operators are motivated to adopt hybrid solutions to lower operational expenses and remain competitive in the market.
International shipping is subject to emission regulations set by organizations like the International Maritime Organization (IMO). These regulations aim to reduce the environmental impact of the maritime sector. Hybrid propulsion systems help vessel owners and operators comply with these regulations by reducing emissions, including greenhouse gases and air pollutants, ensuring adherence to international standards.
Moreover, the growth in seaborne international trade has led to an increased focus on energy efficiency in shipping operations. Hybrid propulsion systems offer improved energy efficiency compared to conventional propulsion systems. Vessels equipped with hybrid technology can optimize power usage, reduce fuel consumption, and lower greenhouse gas emissions, meeting the energy efficiency demands of the industry.
As seaborne international trade continues to grow, the marine hybrid propulsion market is poised to benefit from the increased demand for sustainable and efficient shipping solutions.

Emergence of Electric Infrastructure

The emergence of electric infrastructure is transforming the marine industry's landscape and providing opportunities for the adoption and advancement of hybrid propulsion systems. It not only supports the transition towards cleaner and more sustainable transportation but also promotes technological innovation and collaboration within the industry.

As electric infrastructure expands, it enables vessels to recharge their batteries while docked, reducing reliance on traditional fossil fuel propulsion and promoting the use of hybrid systems.
Advancements in rapid charging technologies, such as high-power chargers and fast-charging solutions, facilitate quicker and more efficient recharging of batteries. Rapid charging reduces vessel downtime and allows for more frequent and convenient use of electric power, enhancing the viability and attractiveness of hybrid propulsion systems.
Additionally, the integration of renewable energy sources, such as solar and wind power, with the electric infrastructure offers opportunities for the marine hybrid propulsion market. Utilizing clean energy sources to charge the batteries further reduces emissions and dependency on fossil fuels, aligning with the sustainability goals of the industry.

Segmentation Analysis of The Marine Hybrid Propulsion Market

Marine Hybrid Propulsion market segments cover the Propulsion Type, Power Rating, Stroke, RPM, End-use. By Propulsion Type, the Diesel-electric segment is Anticipated to Dominate the Market Over the Forecast period.

Diesel-electric propulsion systems offer high efficiency and flexibility in marine applications. They combine diesel generators with electric motors, allowing for optimal power distribution and utilization based on vessel requirements. This configuration enables vessels to operate at varying speeds and power levels, optimizing fuel consumption and reducing emissions.
Also, diesel-electric propulsion has been widely adopted in the marine industry and has a proven track record of reliability and performance. Many shipbuilders and operators are familiar with diesel-electric systems, making it a preferred choice for new vessel constructions and retrofits.
Diesel-electric propulsion systems provide reliable power generation on board ships. The diesel generators produce electricity, which is then used to power the electric motors driving the propulsion system. This setup allows for redundancy, as multiple generators can be installed to ensure a continuous power supply even if one generator fails.

Regional Analysis of The Marine Hybrid Propulsion Market

Asia Pacific is Expected to Dominate the Market Over the Forecast Period.

Asia Pacific has a strong and rapidly expanding shipbuilding industry, with countries like China, South Korea, and Japan being major players. The region's dominance in shipbuilding creates a significant market for marine hybrid propulsion systems as new vessels are constructed with advanced and eco-friendly propulsion technologies.
In addition to this, Asia Pacific is a hub for international maritime trade, with major ports and shipping routes connecting the region to the rest of the world. The increasing volume of seaborne trade in the region drives the demand for efficient and sustainable propulsion systems, making marine hybrid solutions an attractive choice for vessel owners and operators.
The Asia Pacific region, like other parts of the world, has implemented stricter regulations to reduce emissions from maritime activities. These regulations, such as the IMO's sulfur cap and greenhouse gas reduction targets, incentivize the adoption of cleaner propulsion technologies like marine hybrid systems. These factors are causing the domination of the market in the Asia Pacific region.

Ship Owning Nation's Assets

Source – IMO

China has the largest wealth in marine assets i.e., 1,91,253 million USD. Japan ranks 2^nd with an assets value of 1,87,674 million USD. It shows that the Asia Pacific region is well developed for the marine sector and it can be anticipated that the region will dominate in the future in a strong position.

Covid-19 Impact Analysis on Marine Hybrid Propulsion Market

The COVID-19 pandemic has had significant effects on various industries, including the marine sector. The marine hybrid propulsion market, which involves the integration of conventional propulsion systems with electric propulsion technologies, has also been affected by the pandemic in several ways.
The pandemic has caused disruptions in the global supply chain due to lockdowns, travel restrictions, and temporary closures of manufacturing facilities. This has affected the production and delivery of hybrid propulsion systems, leading to delays and increased costs.
The maritime industry, including shipbuilding and shipowners, has been negatively impacted by the pandemic. Economic uncertainties, the decline in international trade, and travel restrictions have resulted in reduced demand for new vessels. As a result, shipbuilders and shipowners may postpone or cancel orders for hybrid propulsion systems.

Top Key Players Covered in The Marine Hybrid Propulsion Market

ABB (Switzerland)
Wärtsilä Corporation (Finland)
Man Energy Solutions SE (Germany)
Rolls-Royce Holdings PLC (UK)
Siemens AG (Germany)
General Electric Company (US)
Caterpillar INC. (US)
Volvo Penta (Sweden)
Bae Systems PLC (UK)
Torqeedo GMBH (Germany)
Electric Marine Propulsion BV (Netherlands)
Cummins INC. (US)
Visedo Oy (Finland)
Hybrid Marine (UK)
Aspin Kemp & Associates (Canada)
Leclanché SA (Switzerland)
The Switch (Finland)
Danfoss Editron (Finland)
Steyr Motors GMBH (Austria)
ZF Friedrichshafen AG (Germany), and Other Major Players.

Key Industry Developments in The Marine Hybrid Propulsion Market

In August 2022, Aspin Kemp & Associates Inc. and E-Link Commuting Co. Ltd collaborated to Accelerate Net-Zero Waterway Transportation. The e-Link team focused on the technical aspects of the boat design and shuttle build/assembly, while AKA’s team designed the vessel’s power system and drivetrain propulsion as well as the addition of hydrogen fuel-cell innovation to help extend the battery life of the e-Link shuttle platform.

In April 2022, MAN Energy Solutions and Amazon Web Services collaborated to drive digital transformation in the marine Industry. Companies set to improve operational efficiency for marine, power, and industrial applications with real-time monitoring and predictive maintenance platform.

Global Marine Hybrid Propulsion Market
Base Year:	2022	Forecast Period:	2023-2030
Historical Data:	2016 to 2021	Market Size in 2022:	USD 4100 Mn.
Forecast Period 2023-30 CAGR:	6.90%	Market Size in 2030:	USD 7000 Mn.
Segments Covered:	By Propulsion Type	Diesel-electric Parallel Hybrid Serial Hybrid
	By Power Rating	0-300 kW 301-500 kW 501-800 kW Above 801 kW
	By Stroke	Two Stroke Four Stroke
	By RPM	0-1,000 1,001-2,500 Above 2 500
	End-Use	Offshore Support Vessels Ferries Défense Vessels Others
	By Region	North America (U.S., Canada, Mexico) Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe) Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe) Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC) Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa) South America (Brazil, Argentina, Rest of SA)

Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
3.1 By Propulsion Type
3.2 By Power Rating
3.3 By Stroke
3.4 By RPM
3.5 By End-Use

Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing

Chapter 5: Marine Hybrid Propulsion Market by Propulsion Type
5.1 Marine Hybrid Propulsion Market Overview Snapshot and Growth Engine
5.2 Marine Hybrid Propulsion Market Overview
5.3 Diesel-electric
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2030F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Diesel-electric: Geographic Segmentation
5.4 Parallel Hybrid
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2030F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Parallel Hybrid: Geographic Segmentation
5.5 Serial Hybrid
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2030F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Serial Hybrid: Geographic Segmentation

Chapter 6: Marine Hybrid Propulsion Market by Power Rating
6.1 Marine Hybrid Propulsion Market Overview Snapshot and Growth Engine
6.2 Marine Hybrid Propulsion Market Overview
6.3 0-300 kW
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2030F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 0-300 kW: Geographic Segmentation
6.4 301-500 kW
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2030F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 301-500 kW: Geographic Segmentation
6.5 501-800 kW
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2030F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 501-800 kW: Geographic Segmentation
6.6 Above 801 kW
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2016-2030F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Above 801 kW: Geographic Segmentation

Chapter 7: Marine Hybrid Propulsion Market by Stroke
7.1 Marine Hybrid Propulsion Market Overview Snapshot and Growth Engine
7.2 Marine Hybrid Propulsion Market Overview
7.3 Two Stroke
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2030F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Two Stroke: Geographic Segmentation
7.4 Four Stroke
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2030F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Four Stroke: Geographic Segmentation

Chapter 8: Marine Hybrid Propulsion Market by RPM
8.1 Marine Hybrid Propulsion Market Overview Snapshot and Growth Engine
8.2 Marine Hybrid Propulsion Market Overview
8.3 0-1
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size (2016-2030F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 0-1: Geographic Segmentation
8.4 000
8.4.1 Introduction and Market Overview
8.4.2 Historic and Forecasted Market Size (2016-2030F)
8.4.3 Key Market Trends, Growth Factors and Opportunities
8.4.4 000: Geographic Segmentation
8.5 1
8.5.1 Introduction and Market Overview
8.5.2 Historic and Forecasted Market Size (2016-2030F)
8.5.3 Key Market Trends, Growth Factors and Opportunities
8.5.4 1: Geographic Segmentation
8.6 001-2
8.6.1 Introduction and Market Overview
8.6.2 Historic and Forecasted Market Size (2016-2030F)
8.6.3 Key Market Trends, Growth Factors and Opportunities
8.6.4 001-2: Geographic Segmentation
8.7 500
8.7.1 Introduction and Market Overview
8.7.2 Historic and Forecasted Market Size (2016-2030F)
8.7.3 Key Market Trends, Growth Factors and Opportunities
8.7.4 500: Geographic Segmentation
8.8 Above 2 500
8.8.1 Introduction and Market Overview
8.8.2 Historic and Forecasted Market Size (2016-2030F)
8.8.3 Key Market Trends, Growth Factors and Opportunities
8.8.4 Above 2 500: Geographic Segmentation

Chapter 9: Marine Hybrid Propulsion Market by End-Use
9.1 Marine Hybrid Propulsion Market Overview Snapshot and Growth Engine
9.2 Marine Hybrid Propulsion Market Overview
9.3 Offshore
9.3.1 Introduction and Market Overview
9.3.2 Historic and Forecasted Market Size (2016-2030F)
9.3.3 Key Market Trends, Growth Factors and Opportunities
9.3.4 Offshore: Geographic Segmentation
9.4 Support Vessels
9.4.1 Introduction and Market Overview
9.4.2 Historic and Forecasted Market Size (2016-2030F)
9.4.3 Key Market Trends, Growth Factors and Opportunities
9.4.4 Support Vessels: Geographic Segmentation
9.5 Ferries
9.5.1 Introduction and Market Overview
9.5.2 Historic and Forecasted Market Size (2016-2030F)
9.5.3 Key Market Trends, Growth Factors and Opportunities
9.5.4 Ferries: Geographic Segmentation
9.6 Défense Vessels
9.6.1 Introduction and Market Overview
9.6.2 Historic and Forecasted Market Size (2016-2030F)
9.6.3 Key Market Trends, Growth Factors and Opportunities
9.6.4 Défense Vessels: Geographic Segmentation
9.7 Others
9.7.1 Introduction and Market Overview
9.7.2 Historic and Forecasted Market Size (2016-2030F)
9.7.3 Key Market Trends, Growth Factors and Opportunities
9.7.4 Others: Geographic Segmentation

Chapter 10: Company Profiles and Competitive Analysis
10.1 Competitive Landscape
10.1.1 Competitive Positioning
10.1.2 Marine Hybrid Propulsion Sales and Market Share By Players
10.1.3 Industry BCG Matrix
10.1.4 Heat Map Analysis
10.1.5 Marine Hybrid Propulsion Industry Concentration Ratio (CR5 and HHI)
10.1.6 Top 5 Marine Hybrid Propulsion Players Market Share
10.1.7 Mergers and Acquisitions
10.1.8 Business Strategies By Top Players
10.2 ABB (SWITZERLAND)
10.2.1 Company Overview
10.2.2 Key Executives
10.2.3 Company Snapshot
10.2.4 Operating Business Segments
10.2.5 Product Portfolio
10.2.6 Business Performance
10.2.7 Key Strategic Moves and Recent Developments
10.2.8 SWOT Analysis
10.3 WÄRTSILÄ CORPORATION (FINLAND)
10.4 MAN ENERGY SOLUTIONS SE (GERMANY)
10.5 ROLLS-ROYCE HOLDINGS PLC (UK)
10.6 SIEMENS AG (GERMANY)
10.7 GENERAL ELECTRIC COMPANY (US)
10.8 CATERPILLAR INC. (US)
10.9 VOLVO PENTA (SWEDEN)
10.10 BAE SYSTEMS PLC (UK)
10.11 TORQEEDO GMBH (GERMANY)
10.12 ELECTRIC MARINE PROPULSION BV (NETHERLANDS)
10.13 CUMMINS INC. (US)
10.14 VISEDO OY (FINLAND)
10.15 HYBRID MARINE (UK)
10.16 ASPIN KEMP & ASSOCIATES (CANADA)
10.17 LECLANCHÉ SA (SWITZERLAND)
10.18 THE SWITCH (FINLAND)
10.19 DANFOSS EDITRON (FINLAND)
10.20 STEYR MOTORS GMBH (AUSTRIA)
10.21 ZF FRIEDRICHSHAFEN AG (GERMANY)
10.22 OTHER MAJOR PLAYERS

Chapter 11: Global Marine Hybrid Propulsion Market Analysis, Insights and Forecast, 2016-2030
11.1 Market Overview
11.2 Historic and Forecasted Market Size By Propulsion Type
11.2.1 Diesel-electric
11.2.2 Parallel Hybrid
11.2.3 Serial Hybrid
11.3 Historic and Forecasted Market Size By Power Rating
11.3.1 0-300 kW
11.3.2 301-500 kW
11.3.3 501-800 kW
11.3.4 Above 801 kW
11.4 Historic and Forecasted Market Size By Stroke
11.4.1 Two Stroke
11.4.2 Four Stroke
11.5 Historic and Forecasted Market Size By RPM
11.5.1 0-1
11.5.2 000
11.5.3 1
11.5.4 001-2
11.5.5 500
11.5.6 Above 2 500
11.6 Historic and Forecasted Market Size By End-Use
11.6.1 Offshore
11.6.2 Support Vessels
11.6.3 Ferries
11.6.4 Défense Vessels
11.6.5 Others

Chapter 12: North America Marine Hybrid Propulsion Market Analysis, Insights and Forecast, 2016-2030
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Propulsion Type
12.4.1 Diesel-electric
12.4.2 Parallel Hybrid
12.4.3 Serial Hybrid
12.5 Historic and Forecasted Market Size By Power Rating
12.5.1 0-300 kW
12.5.2 301-500 kW
12.5.3 501-800 kW
12.5.4 Above 801 kW
12.6 Historic and Forecasted Market Size By Stroke
12.6.1 Two Stroke
12.6.2 Four Stroke
12.7 Historic and Forecasted Market Size By RPM
12.7.1 0-1
12.7.2 000
12.7.3 1
12.7.4 001-2
12.7.5 500
12.7.6 Above 2 500
12.8 Historic and Forecasted Market Size By End-Use
12.8.1 Offshore
12.8.2 Support Vessels
12.8.3 Ferries
12.8.4 Défense Vessels
12.8.5 Others
12.9 Historic and Forecast Market Size by Country
12.9.1 US
12.9.2 Canada
12.9.3 Mexico

Chapter 13: Eastern Europe Marine Hybrid Propulsion Market Analysis, Insights and Forecast, 2016-2030
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Propulsion Type
13.4.1 Diesel-electric
13.4.2 Parallel Hybrid
13.4.3 Serial Hybrid
13.5 Historic and Forecasted Market Size By Power Rating
13.5.1 0-300 kW
13.5.2 301-500 kW
13.5.3 501-800 kW
13.5.4 Above 801 kW
13.6 Historic and Forecasted Market Size By Stroke
13.6.1 Two Stroke
13.6.2 Four Stroke
13.7 Historic and Forecasted Market Size By RPM
13.7.1 0-1
13.7.2 000
13.7.3 1
13.7.4 001-2
13.7.5 500
13.7.6 Above 2 500
13.8 Historic and Forecasted Market Size By End-Use
13.8.1 Offshore
13.8.2 Support Vessels
13.8.3 Ferries
13.8.4 Défense Vessels
13.8.5 Others
13.9 Historic and Forecast Market Size by Country
13.9.1 Bulgaria
13.9.2 The Czech Republic
13.9.3 Hungary
13.9.4 Poland
13.9.5 Romania
13.9.6 Rest of Eastern Europe

Chapter 14: Western Europe Marine Hybrid Propulsion Market Analysis, Insights and Forecast, 2016-2030
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Propulsion Type
14.4.1 Diesel-electric
14.4.2 Parallel Hybrid
14.4.3 Serial Hybrid
14.5 Historic and Forecasted Market Size By Power Rating
14.5.1 0-300 kW
14.5.2 301-500 kW
14.5.3 501-800 kW
14.5.4 Above 801 kW
14.6 Historic and Forecasted Market Size By Stroke
14.6.1 Two Stroke
14.6.2 Four Stroke
14.7 Historic and Forecasted Market Size By RPM
14.7.1 0-1
14.7.2 000
14.7.3 1
14.7.4 001-2
14.7.5 500
14.7.6 Above 2 500
14.8 Historic and Forecasted Market Size By End-Use
14.8.1 Offshore
14.8.2 Support Vessels
14.8.3 Ferries
14.8.4 Défense Vessels
14.8.5 Others
14.9 Historic and Forecast Market Size by Country
14.9.1 Germany
14.9.2 UK
14.9.3 France
14.9.4 Netherlands
14.9.5 Italy
14.9.6 Russia
14.9.7 Spain
14.9.8 Rest of Western Europe

Chapter 15: Asia Pacific Marine Hybrid Propulsion Market Analysis, Insights and Forecast, 2016-2030
15.1 Key Market Trends, Growth Factors and Opportunities
15.2 Impact of Covid-19
15.3 Key Players
15.4 Key Market Trends, Growth Factors and Opportunities
15.4 Historic and Forecasted Market Size By Propulsion Type
15.4.1 Diesel-electric
15.4.2 Parallel Hybrid
15.4.3 Serial Hybrid
15.5 Historic and Forecasted Market Size By Power Rating
15.5.1 0-300 kW
15.5.2 301-500 kW
15.5.3 501-800 kW
15.5.4 Above 801 kW
15.6 Historic and Forecasted Market Size By Stroke
15.6.1 Two Stroke
15.6.2 Four Stroke
15.7 Historic and Forecasted Market Size By RPM
15.7.1 0-1
15.7.2 000
15.7.3 1
15.7.4 001-2
15.7.5 500
15.7.6 Above 2 500
15.8 Historic and Forecasted Market Size By End-Use
15.8.1 Offshore
15.8.2 Support Vessels
15.8.3 Ferries
15.8.4 Défense Vessels
15.8.5 Others
15.9 Historic and Forecast Market Size by Country
15.9.1 China
15.9.2 India
15.9.3 Japan
15.9.4 South Korea
15.9.5 Malaysia
15.9.6 Thailand
15.9.7 Vietnam
15.9.8 The Philippines
15.9.9 Australia
15.9.10 New Zealand
15.9.11 Rest of APAC

Chapter 16: Middle East & Africa Marine Hybrid Propulsion Market Analysis, Insights and Forecast, 2016-2030
16.1 Key Market Trends, Growth Factors and Opportunities
16.2 Impact of Covid-19
16.3 Key Players
16.4 Key Market Trends, Growth Factors and Opportunities
16.4 Historic and Forecasted Market Size By Propulsion Type
16.4.1 Diesel-electric
16.4.2 Parallel Hybrid
16.4.3 Serial Hybrid
16.5 Historic and Forecasted Market Size By Power Rating
16.5.1 0-300 kW
16.5.2 301-500 kW
16.5.3 501-800 kW
16.5.4 Above 801 kW
16.6 Historic and Forecasted Market Size By Stroke
16.6.1 Two Stroke
16.6.2 Four Stroke
16.7 Historic and Forecasted Market Size By RPM
16.7.1 0-1
16.7.2 000
16.7.3 1
16.7.4 001-2
16.7.5 500
16.7.6 Above 2 500
16.8 Historic and Forecasted Market Size By End-Use
16.8.1 Offshore
16.8.2 Support Vessels
16.8.3 Ferries
16.8.4 Défense Vessels
16.8.5 Others
16.9 Historic and Forecast Market Size by Country
16.9.1 Turkey
16.9.2 Bahrain
16.9.3 Kuwait
16.9.4 Saudi Arabia
16.9.5 Qatar
16.9.6 UAE
16.9.7 Israel
16.9.8 South Africa

Chapter 17: South America Marine Hybrid Propulsion Market Analysis, Insights and Forecast, 2016-2030
17.1 Key Market Trends, Growth Factors and Opportunities
17.2 Impact of Covid-19
17.3 Key Players
17.4 Key Market Trends, Growth Factors and Opportunities
17.4 Historic and Forecasted Market Size By Propulsion Type
17.4.1 Diesel-electric
17.4.2 Parallel Hybrid
17.4.3 Serial Hybrid
17.5 Historic and Forecasted Market Size By Power Rating
17.5.1 0-300 kW
17.5.2 301-500 kW
17.5.3 501-800 kW
17.5.4 Above 801 kW
17.6 Historic and Forecasted Market Size By Stroke
17.6.1 Two Stroke
17.6.2 Four Stroke
17.7 Historic and Forecasted Market Size By RPM
17.7.1 0-1
17.7.2 000
17.7.3 1
17.7.4 001-2
17.7.5 500
17.7.6 Above 2 500
17.8 Historic and Forecasted Market Size By End-Use
17.8.1 Offshore
17.8.2 Support Vessels
17.8.3 Ferries
17.8.4 Défense Vessels
17.8.5 Others
17.9 Historic and Forecast Market Size by Country
17.9.1 Brazil
17.9.2 Argentina
17.9.3 Rest of SA

Chapter 18 Investment Analysis

Chapter 19 Analyst Viewpoint and Conclusion

Global Marine Hybrid Propulsion Market
Base Year:	2022	Forecast Period:	2023-2030
Historical Data:	2016 to 2021	Market Size in 2022:	USD 4100 Mn.
Forecast Period 2023-30 CAGR:	6.90%	Market Size in 2030:	USD 7000 Mn.
Segments Covered:	By Propulsion Type	Diesel-electric Parallel Hybrid Serial Hybrid
	By Power Rating	0-300 kW 301-500 kW 501-800 kW Above 801 kW
	By Stroke	Two Stroke Four Stroke
	By RPM	0-1,000 1,001-2,500 Above 2 500
	End-Use	Offshore Support Vessels Ferries Défense Vessels Others
	By Region	North America (U.S., Canada, Mexico) Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe) Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe) Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC) Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa) South America (Brazil, Argentina, Rest of SA)
Key Market Drivers:	Growing Seaborne International Trade
Key Market Restraints:	High Initial Cost of Hybrid Propulsion Systems
Key Opportunities:	Emergence of Electric Infrastructure
Companies Covered in the Report:	ABB (Switzerland), Wärtsilä Corporation (Finland), Man Energy Solutions SE (Germany), Rolls-Royce Holdings PLC (UK), Siemens AG (Germany), and Other Major players.

Research Methodology

Marine Hybrid Propulsion Market Research Report 2023

Marine Hybrid Propulsion Market Synopsis

Marine Hybrid Propulsion Market Trend Analysis

Growing Seaborne International Trade

Emergence of Electric Infrastructure

Segmentation Analysis of The Marine Hybrid Propulsion Market

Regional Analysis of The Marine Hybrid Propulsion Market

Covid-19 Impact Analysis on Marine Hybrid Propulsion Market

Top Key Players Covered in The Marine Hybrid Propulsion Market

Key Industry Developments in The Marine Hybrid Propulsion Market

Frequently Asked Questions

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