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Global Marine Auxiliary Engine Market Forcast To Grow At CAGR Of 2.96% Between 2017-2021, Energy demand fueling growth of FPSO vessels

Press release   •   Feb 13, 2017 05:25 EST

About Marine Auxiliary Engine

Marine auxiliary engines are used for generating electricity to power electronic devices and equipment on board marine vessels, whereas the main diesel engine is used for propulsion of the ship. Initially, steam turbines were used for marine propulsion, later they were replaced by diesel, Liquefied Natural Gas (LNG), nuclear, and other fuels.

Technavios analysts forecast the global marine auxiliary engine market to grow at a CAGR of 2.96% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global marine auxiliary engine market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of marine auxiliary engines.

The market is divided into the following segments based on geography:




Technavio's report, Global Marine Auxiliary Engine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors



Doosan Infracore



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Other prominent vendors

Volvo Penta



Megatech Power

John Deere





Mitsubishi Heavy Industries

Market driver

Energy demand fueling growth of FPSO vessels

For a full, detailed list, view our report

Market challenge

Stringent emission regulations

For a full, detailed list, view our report

Market trend

Emergence of turbochargers in marine auxiliary engines

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

Market overview

Market size

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market size and forecast

Five forces analysis

PART 06: Market segmentation by end-user

Market overview

Commercial ships

Leisure ships

PART 07: Geographical segmentation

Market overview




PART 08: Market drivers

Increase in seaborne trade

Energy demand fueling growth of FPSO vessels

Growth in LNG carriers driving demand for dual-fuel auxiliary engine

PART 09: Impact of drivers

PART 10: Market challenges

Stringent emission regulations

Threat from shaft generators

Slowdown in Chinese economy

PART 11: Impact of drivers and challenges

PART 12: Market trends

Emergence of turbochargers in marine auxiliary engines

Waste heat recovery system in vessels

Replacement of old ships

PART 13: Vendor landscape

Competitive landscape

Other prominent vendors

PART 14: Key vendor analysis is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.