Maritime Engines: Global Markets and Technologies to 2024

Report Highlights

The global marine and maritime engines market should reach $26.5 billion by 2024 from $21.6 billion in 2019 at a compound annual growth rate (CAGR) of 4.2% for the period of 2019-2024.

Report Includes

• 87 data tables and 55 additional tables
• An overview of the global market for marine and maritime engines
• Analyses of global market trends, with data from 2018, estimates for 2019 and projections of CAGRs through 2024
• Country specific data and analysis for USA, Canada, Netherlands, UK, Germany, France, China, India, Japan and South Korea
• Detailed description of reciprocating engines and turbine engines
• Coverage of recent advancements in the marine engine equipment industry
• Information on specific equipment categories with breakdowns by engine size, along with detailed information on specific applications within the segment
• Company profiles of major players in the market, including ABB, Cummins Inc., GM PowerTrain, Hyundai Heavy Industries, Mitsui E&S Machinery, Perkins, Rolls-Royce and Siemens

Report Scope

This study reviews key marine and maritime engine technology categories, along with relevant market and production information, technological descriptions and issues, and key applications and market factors in major worldwide markets. This report organizes marine and maritime engine technologies into the following segments; detailed market data are presented for each of the following categories:

Reciprocating Engines:

• <1,000 kW.
• 1,000 to 3,000 kW.
• 3,000 to 10,000 kW.
• 10,000 to 18,000 kW.
• 18,000 to 25,000 kW.
• >25,000 kW.

Turbine Engines:

• <5,000 kW.
• 5,000 to 10,000 kW.
• 10,000 to 20,000 kW.
• >20,000 kW.

The following marine and maritime applications are also considered within the global market for marine and maritime engines:

• Oil tankers (and oil product carriers).
• Dry bulk carriers.
• Container vessels.
• General cargo vessels.
• Gas carriers, including LNG.
• Chemical tankers.
• Ro-Ro vessels and ferries.
• Offshore vessels.
• Passenger and recreational vessels (including cruise ships).
• Military and patrol vessels.

Analyst Credentials

Robert Eckard, PhD, has 15 years of experience working in the cleantech, clean transportation, clean/smart cities, advanced fuels, water and energy sectors. Having completed his dissertation at the University of California at Davis, Robert also runs a specialty industry research and technical consulting company, with an emphasis on energy, water and climate-oriented sectors, including those segments relevant to this study. Robert specializes in commercialization, data-based economic analysis, market development and penetration, environmental analysis and technical energy, environmental and market studies for Fortune 500, Global 1000 and promising startups, as well as state and local governments, other consultants and industry organizations throughout the U.S., Canada, Europe, the Middle East, Southeast Asia and Australia. He worked as a subcontractor under the U.S. Department of Energy providing evaluations of a wide array of industrial technologies, systems and related supply markets. He helped to successfully develop new markets in the U.S. and abroad, identify target niches and support highly successful business strategy development. Previously, he produced reports for BCC Research on global markets pertaining to energy, industry, energy efficiency, water and industrial, durable goods and related categories and technologies. Robert works directly in the industries that he analyzes and has successfully secured over $225 million in fund development for specific projects and technologies in the last six years.