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Published Date: 2015-06-22Number of Pages: 139

Marine Hybrid Propulsion Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022

 

An efficient propulsion mechanism in marine hybrid propulsion systems has increased their demand from marine transportation industry to reduce its carbon footprint. The report studies the current scenario of the global marine hybrid propulsion market and assesses the growth and valuation of the market during the period between 2014 and 2022. It provides insights into the key drivers and restraints affecting the growth of the market as well as the future growth opportunities. The impact of Porter’s five forces on the global marine hybrid propulsion market is also studied in detail.

The global marine hybrid propulsion market is segmented on the basis of configuration, end-use, and geographical regions. The demand for marine hybrid propulsion systems across each of the end-use segments and the growth of the market across the key regions have been analyzed in the report. The report further discusses the competitive landscape of the market and profiles some of the key players. 

Overview of Marine Hybrid Propulsion Market

The report points out the various factors affecting the growth of the global marine hybrid propulsion market. The global marine hybrid propulsion market is projected to exhibit a CAGR of 8.02% during the period from 2014 to 2022. Increasing investments by shipping companies in fuel efficient and clean fuel systems have boosted the adoption of hybrid propulsion systems. Flexible power and design configuration requirements in offshore support vessels have propelled the global marine hybrid propulsion market. However, the usage of clean fuel in conventional propulsion systems will negatively impact the overall market. The global marine hybrid propulsion market has a huge opportunity to grow with the expansion of emission control areas. 

According to configuration, the global marine hybrid propulsion market is classified into parallel hybrid, diesel-electric, and serial hybrid. Diesel-electric configurations are mostly used while serial and parallel hybrid configurations are expected to witness significant demand during the forecast horizon.

On the basis of end-use, the global marine hybrid propulsion market is segmented into defense vessels, ferries, tugboats and offshore support vessels, and others. The demand for marine hybrid propulsion systems for ferries is significantly high across inland waterways and coastal areas owing to strict environmental regulations. Tugboats and offshore support vessels are increasingly adopting marine hybrid propulsion systems to increase fuel efficiency. Small tourist boats and luxury yachts are also rapidly adopting marine hybrid propulsion systems.

The report studies the global marine hybrid propulsion market across five key regions: Europe, North America, Asia Pacific, South & Central America, and the Middle East & Africa. Europe is the largest market for marine hybrid propulsion systems. The marine hybrid propulsion market in Asia Pacific lags behind both Europe and North America markets.

Major Companies in Global Marine Hybrid Propulsion Market

The report profiles some of the key players in the global marine hybrid propulsion market such as General Electric, Siemens AG, BAE Systems plc, Rolls-Royce plc, Wartsila, Imtech Marine, Caterpillar Inc., MAN Diesel & Turbo SE, Aspin Kemp & Associates, Torqeedo GmbH, STEYR MOTORS GmbH, Alewijnse Holding B.V., UQM Technologies Inc., and SCHOTTEL Group. The report offers insightful details about the key players including their financial overview, business strategies, and recent developments.

Global Marine Hybrid Propulsion Market, by End-Use

  • Tugboats & OSVs
  • Ferries
  • Defense Vessels
  • Others

Global Marine Hybrid Propulsion Market, by Geography 

  • North America
  • Asia Pacific
  • Europe
  • Middle East
  • Africa
  • South & Central America

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights 

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • A clear understanding of the competitive landscape and key product segments

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Market Segmentation

1.4 Research Methodology

 

Chapter 2 Executive Summary

2.1 Global Marine Hybrid Propulsion Market

 

Chapter 3 Marine Hybrid Propulsion Market – Industry Analysis

3.1 Introduction

3.2 Market Drivers

      3.2.1 Increasing Investments by Shipping Companies in Fuel Efficient & Clean Fuel Systems Boost Adoption of Hybrid Propulsion Systems

              3.2.1.1 Fuel Consumption Rate of Conventional and Hybrid Marine Propulsion Systems

      3.2.2 Flexible Power and Design Configuration Requirements in Offshore Support Vessels and Anchor Handling Systems

3.3 Market Restraints

      3.3.1 Usage of Clean Fuel in Conventional Propulsion Systems Significantly Impacts Adoption of Hybrid Propulsion Systems

3.4 Market Opportunities

      3.4.1 Expansion of ECAs to Augment Demand for Marine Hybrid Propulsion Systems

              3.4.1.1 Existing and Future Emission Control Areas

3.5 Value Chain Analysis: Marine Hybrid Propulsion Market

3.6 Porter’s Five Forces Analysis: Marine Hybrid Propulsion Market

      3.6.1 Bargaining Power of Suppliers

      3.6.2 Bargaining Power of Buyers

      3.6.3 Threat of New Entrants

      3.6.4 Degree of Competition

      3.6.5 Threat of Substitutes

3.7 Market Attractive Analysis

 

Chapter 4 Marine Hybrid Propulsion Market – Configuration Analysis

4.1 Global Marine Hybrid Propulsion Market: Configuration Segment Analysis

      4.1.1 Global Marine Hybrid Propulsion Market Revenue Share, by Configuration, 2013 and 2022

4.2 Diesel-electric

      4.2.1 Global Marine Hybrid Propulsion Market by Diesel-electric, 2013 – 2022 (USD Million) 

      4.2.2 Global Diesel-Electric Configuration Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

4.3 Parallel Hybrid

      4.3.1 Global Marine Hybrid Propulsion Market by Parallel Hybrid, 2013 – 2022 (USD Million) 

      4.3.2 Global Parallel Hybrid Configuration Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

4.4 Serial Hybrid

      4.4.1 Global Marine Hybrid Propulsion Market by Serial Hybrid, 2013 – 2022 (USD Million) 

      4.4.2 Global Serial Hybrid Configuration Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

 

Chapter 5 Marine Hybrid Propulsion Market – End-use Analysis

5.1 Global Marine Hybrid Propulsion Market: End-use Analysis

      5.1.1 Global Marine Hybrid Propulsion Market Revenue Share, by End-use, 2013 and 2022

5.2 Tugboats & Offshore Support Vessels

      5.2.1 Global Marine Hybrid Propulsion Market by Tugboats & Offshore Support Vessels, 2013 – 2022 (USD Million) 

      5.2.2 Global Hybrid Tugboats & Offshore Support Vessels Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

5.3 Ferries

      5.3.1 Global Marine Hybrid Propulsion Market by Ferries, 2013 – 2022 (USD Million) 

      5.3.2 Global Hybrid Ferries Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

5.4 Defense Vessels

      5.4.1 Global Marine Hybrid Propulsion Market by Defense Vessels, 2013 – 2022 (USD Million) 

      5.4.2 Global Hybrid Defense Vessels Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

5.5 Others

      5.5.1 Global Marine Hybrid Propulsion Market by Others, 2013 – 2022 (USD Million) 

      5.5.2 Global Hybrid Other Vessels Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

 

Chapter 6 Marine Hybrid Propulsion Market: Regional Analysis

6.1 Marine Hybrid Propulsion Market: Regional overview

      6.1.1 Global Marine Hybrid Propulsion Market, Revenue Share by Region, 2013 and 2022

6.2 North America

      6.2.1 North America Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

      6.2.2 U.S. 

              6.2.2.1 U.S. Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

              6.2.2.2 U.S. Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

              6.2.2.3 U.S. Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

      6.2.3 Rest of North America

              6.2.3.1 Rest of North America Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million)  

              6.2.3.2 Rest of North America Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

              6.2.3.3 Rest of North America Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

      6.2.4 North America Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

      6.2.5 North America Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

6.3 Europe

      6.3.1 Europe Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

      6.3.2 The Netherlands

              6.3.2.1 The Netherlands Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

              6.3.2.2 The Netherlands Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

              6.3.2.3 The Netherlands Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

      6.3.3 The U.K. 

              6.3.3.1 The U.K. Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

              6.3.3.2 The U.K.  Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

              6.3.3.3 The U.K.  Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

      6.3.4 Norway

              6.3.4.1 Norway Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

              6.3.4.2 Norway Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

              6.3.4.3 Norway Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

      6.3.5 Rest of Europe

              6.3.5.1 Rest of Europe Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

              6.3.5.2 Rest of Europe Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

              6.3.5.3 Rest of Europe Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

      6.3.6 Europe Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

      6.3.7 Europe Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

6.4 Asia Pacific

      6.4.1 Asia Pacific Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

      6.4.2 China

              6.4.2.1 China Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

              6.4.2.2 China Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

              6.4.2.3 China Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

      6.4.3 Japan

              6.4.3.1 Japan Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

              6.4.3.2 Japan Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

              6.4.3.3 Japan Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

      6.4.4 Singapore

              6.4.4.1 Singapore Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

              6.4.4.2 Singapore Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

              6.4.4.3 Singapore Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

      6.4.5 Rest of Asia Pacific

              6.4.5.1 Rest of Asia Pacific Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

              6.4.5.2 Rest of Asia Pacific Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

              6.4.5.3 Rest of Asia Pacific Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

      6.4.6 Asia Pacific Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

      6.4.7 Asia Pacific Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

6.5 South & Central America

      6.5.1 South & Central America Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

      6.5.2 South & Central America Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

      6.5.3 South & Central America Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

6.6 Africa

      6.6.1 Africa Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

      6.6.2 Africa Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

      6.6.3 Africa Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

6.7 The Middle East

      6.7.1 The Middle East Marine Hybrid Propulsion Market Estimates and Forecast, 2013 – 2022 (USD Million) 

      6.7.2 The Middle East Marine Hybrid Propulsion Market Estimate and Forecast, by Configuration, 2013 – 2022 (USD Million) 

      6.7.3 The Middle East Marine Hybrid Propulsion Market Estimate and Forecast, by End-use, 2013 – 2022 (USD Million) 

 

Chapter 7 Company Profiles

7.1 Siemens AG

      7.1.1 Company Overview

      7.1.2 Financial Overview

      7.1.3 Business Strategies

      7.1.4 Recent Developments

7.2 General Electric

      7.2.1 Company Overview

      7.2.2 Financial Overview

      7.2.3 Business Strategies

      7.2.4 Recent Developments

7.3 Rolls-Royce plc

      7.3.1 Company Overview

      7.3.2 Financial Overview

      7.3.3 Business Strategies

      7.3.4 Recent Developments

7.4 BAE Systems plc

      7.4.1 Company Overview

      7.4.2 Financial Overview

      7.4.3 Business Strategies

      7.4.4 Recent Developments

7.5 Imtech Marine

      7.5.1 Company Overview

      7.5.2 Financial Overview

      7.5.3 Business Strategies

      7.5.4 Recent Developments

7.6 Wartsila

      7.6.1 Company Overview

      7.6.2 Financial Overview

      7.6.3 Business Strategies

      7.6.4 Recent Developments

7.7 MAN Diesel & Turbo SE

      7.7.1 Company Overview

      7.7.2 Financial Overview

      7.7.3 Business Strategies

      7.7.4 Recent Developments

7.8 Caterpillar Inc. 

      7.8.1 Company Overview

      7.8.2 Financial Overview

      7.8.3 Business Strategies

      7.8.4 Recent Developments

7.9 Torqeedo GmbH

      7.9.1 Company Overview

      7.9.2 Financial Overview

      7.9.3 Business Strategies

      7.9.4 Recent Developments

7.10 Aspin Kemp & Associates

      7.10.1 Company overview

      7.10.2 Financial Overview

      7.10.3 Business strategies

      7.10.4 Recent developments

7.11 Alewijnse Holding B.V 

      7.11.1 Company Overview

      7.11.2 Financial Overview

      7.11.3 Business strategies

      7.11.4 Recent Developments

7.12 STEYR MOTORS GmbH

      7.12.1 Company overview

      7.12.2 Financial Overview

      7.12.3 Business strategies

      7.12.4 Recent developments

7.13 SCHOTTEL Group

      7.13.1 Company Overview

      7.13.2 Financial Overview

      7.13.3 Business Strategies

      7.13.4 Recent Developments

7.14 UQM Technologies, Inc 

      7.14.1 Company Overview

      7.14.2 Financial Overview

      7.14.3 Business Strategies

      7.14.4 Recent Developments

List of Figures 

 

FIG. 1 Marine Hybrid Propulsion Market, 2014 – 2022 

FIG. 2 Global Marine Hybrid Propulsion Market, 2013 – 2022 (USD Million) 

FIG. 3 Schematic Diagram of Hybrid Propulsion System 

FIG. 4 Fuel Consumption Rate in Transit and Working Modes 

FIG. 5 Existing and Future Emission Control Areas 

FIG. 6 Value Chain Analysis of Marine Hybrid Propulsion Market 

FIG. 7 Porter’s Five Forces Analysis: Marine Hybrid Propulsion Market 

FIG. 8 Marine Hybrid Propulsion Market Attractiveness, by End-use, 2013 

FIG. 9 Global Marine Hybrid Propulsion Market Revenue Share, by Configuration, 2013 and 2022 

FIG. 10 Schematic Diagram of Diesel-electric Propulsion System 

FIG. 11 Global Marine Hybrid Propulsion Market by Diesel-electric, 2013 – 2022 (USD Million) 

FIG. 12 Schematic Diagram of Parallel Hybrid Propulsion System 

FIG. 13 Global Marine Hybrid Propulsion Market by Parallel Hybrid, 2013 – 2022 (USD Million) 

FIG. 14 Schematic Diagram of Serial Hybrid Propulsion System 

FIG. 15 Global Marine Hybrid Propulsion Market by Serial Hybrid, 2013 – 2022 (USD Million) 

FIG. 16 Global Marine Hybrid Propulsion Market Revenue Share, by End-use, 2013 and 2022 51

FIG. 17 Global Marine Hybrid Propulsion Market by Tugboats & Offshore Support Vessels, 2013 – 2022 (USD Million) 

FIG. 18 Global Marine Hybrid Propulsion Market by Ferries, 2013 – 2022 (USD Million) 

FIG. 19 Global Marine Hybrid Propulsion Market by Defense Vessels, 2013 – 2022 (USD Million) 

FIG. 20 Global Marine Hybrid Propulsion Market by Others, 2013 – 2022 (USD Million) 

FIG. 21 Global Marine Hybrid Propulsion Market Estimates and Forecast, by Region, 2013 & 2022 (USD Million) 

FIG. 22 North America Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 23 U.S. Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 24 Rest of North America Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 25 Europe Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 26 The Netherlands Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 27 The U.K. Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 28 Norway Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 29 Rest of Europe Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 30 Asia Pacific Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 31 China Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 32 Japan Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 33 Singapore Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 34 Rest of Asia Pacific Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 35 South & Central America Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 36 Africa Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

FIG. 37 The Middle East Marine Hybrid Propulsion Market Revenue, 2013 – 2022 (USD Million) 

List of Tables

 

TABLE 1 Global Marine Hybrid Propulsion Market Snapshot, 2013 and 2022 

TABLE 2 Drivers of Marine Hybrid Propulsion Market: Impact Analysis 

TABLE 3 Restraints of Marine Hybrid Propulsion Systems: Impact Analysis 

TABLE 4 Global Diesel-Electric Configuration Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

TABLE 5 Global Parallel Hybrid Configuration Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

TABLE 6 Global Serial Hybrid Configuration Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

TABLE 7 Global Hybrid Tugboats & Offshore Support Vessels Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

TABLE 8 Global Hybrid Ferries Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

TABLE 9 Global Hybrid Defense Vessels Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

TABLE 10 Global Hybrid Other Vessels Market Revenue Estimate and Forecast, by Region, 2013 – 2022 (USD Million) 

TABLE 11 U.S. Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 12 U.S. Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 13 Rest of North America Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 14 Rest of North America Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 15 North America Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 16 North America Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 17 The Netherlands Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 18 The Netherlands Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 19 The U.K.  Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 20 The U.K.  Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 21 Norway Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 22 Norway Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 23 Rest of Europe Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 24 Rest of Europe Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 25 Europe Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 26 Europe Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 27 China Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 28 China Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 29 Japan Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 30 Japan Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 31 Singapore Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 32 Singapore Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 33 Rest of Asia Pacific Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 34 Rest of Asia Pacific Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 35 Asia Pacific Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 36 Asia Pacific Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 37 South & Central America Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 38 South & Central America Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 39 Africa Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 40 Africa Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

TABLE 41 The Middle East Marine Hybrid Propulsion Market Revenue and Forecast, by Configuration, 2013 - 2022 (USD Million) 

TABLE 42 The Middle East Marine Hybrid Propulsion Market Revenue and Forecast, by End-use 2013 - 2022 (USD Million) 

 

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 super capacitor. The system utilizes the unused capacity of the main diesel engine to generate electricity and store it in batteries for later use.  

 

The three configuration segments analyzed in this report are diesel-electric, parallel, and serial hybrid systems. Installations of these configuration types are completely dependent on the operational requirements of the vessel operators. The operating power requirements and size of the drive components are crucial factors considered while vessel operators select the appropriate hybrid configurations for their respective vessels. Diesel-electric propulsion systems have witnessed a rapid growth rate in the past few decades. As these systems are easy to configure and install, several vessel operators have switched from conventional diesel systems to diesel-electric configurations to comply with environmental regulations enforced in respective regions. The diesel-electric configuration continues to remain the dominant product type in the marine hybrid propulsion market and several vessel operators have plans to invest in this propulsion system. Though parallel and serial hybrid systems are still in the early stages of development, the market for these systems is expected to grow at a significant rate within the forecast period.  

 

For this report, the end-users have been identified as tugboats and offshore support vessels, ferries vessels, defense vessels, and other vessels. Currently, ferries have been recognized as the major ends-user in terms of installation of marine hybrid propulsion systems. Ferry operators, especially in Europe, are anticipated to invest substantial amounts for the installation of hybrid propulsion systems in their respective vessels. The European Union has also supported upgrade of ferries as all vessels traversing through or operating in European waters have to reduce sulfur emissions from 2015. Tugboats and offshore support vessels are anticipated to be one of the most prominent end-user segments in terms of future hybrid propulsion installations. Several defense organizations in Europe and North America have started installing hybrid propulsion systems in the respective vessels operated by them. The typical operating profile for naval destroyers and military vessels includes a significant amount of time voyaging at low speed. In such operating modes, electrical propulsion motors can be used to meet the vessel’s power requirement which significantly reduces emissions and saves fuel.   

 

Currently, Europe and North America are the largest markets for marine hybrid propulsion systems. However, Asia Pacific is likely to emerge as one of the prominent markets for this technology. Highly environment-conscious Europe and North America are expected to lead in the global market for marine hybrid propulsion in the future. On the other hand, the market for marine hybrid propulsion systems in Asia Pacific is still not as developed as in North America and Europe. The towage and vessel operators providing services in this region are gradually shifting from conventional diesel to hybrid propulsion systems. Numerous attractive technologically advanced models are expected to be introduced in the future. The marine hybrid propulsion market might witness numerous collaborations between vessel operators and technology developers in the future.


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