Global Renewable Propulsion for Marine Vessels Market Forcast To Grow At CAGR Of 4.57% Between 2017-2021

"The Report Global Renewable Propulsion for Marine Vessels Market 2017-2021 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"

About  Renewable Propulsion for Marine Vessels Market

The renewable energy systems market consists power-generating sources that use renewable energy such as wind, water, sunlight, gas, and steam. Companies are trying to adhere to the stringent government policies on emission control by using renewable energy in propulsion systems for marine vessels. With the transportation industry striving to achieve fuel economy, along with low emissions, the shipping industry is also directing its efforts toward adopting renewable fuels for propulsion. It is further driven by the fact that the industry is a significant contributor to carbon emissions globally. Theoretically, emission from 160 large container ships is equivalent to that of the emissions from the global car fleet. Therefore, keeping the global warming concerns in view, the shipping industry is gradually moving toward renewable propulsion systems.

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Technavios analysts forecast the global renewable propulsion for marine vessels market to grow at a CAGR of 4.57% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global renewable propulsion for marine vessels market for 2017-2021. To calculate the market size, the report considers the renewable and associated sources (such as hybrid systems involving renewables) in this report. We have also considered supporting technologies, such as real-time cloud-enabled software suites, which maximize the use of renewables.

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

Americas

APAC

EMEA

Technavio's report, Global Renewable Propulsion Market for Marine Vessels 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.

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Key vendors

Deltamarin

Eco Marine Power (EMP)

Eniram (Wrtsil)

Norsepower

Smart Green Shipping Alliance (SGSA)

Other prominent vendors

ABB

Alewijnse Marine Systems

Echandia Marine

Leclanch

A.P. MollerMaersk Group

NYK Group

STX France

Market driver

Transition toward clean energy-driven shipping sector

For a full, detailed list, view our report

Market challenge

Technical glitches in design and implementation

For a full, detailed list, view our report

Market trend

Adoption of waste heat recovery solutions

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?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.

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Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

Market outline

PART 05: Market landscape

Market overview

Market size and forecast

Five forces analysis

PART 06: Market segmentation by product segment

Global steam and gas turbine propulsion for marine vessels market

Global natural gas marine propulsion systems for marine vessels market

Global wind and solar energy propulsion systems for marine vessels market

PART 07: Geographical segmentation

Renewable propulsion systems for marine vessels market in Americas

Renewable propulsion systems for marine vessels market in EMEA

Renewable propulsion systems in APAC

PART 08: Decision framework

PART 09: Drivers and challenges

Market drivers

Market challenges

PART 10: Market trends

Adoption of waste heat recovery solutions

Installation of wind turbines on board vessels

LNG replacing conventional marine fuel

Evolution of hydrogen-powered propulsion systems

PART 11: Vendor landscape

Competitive scenario

Deltamarin

Eco Marine Power (EMP)

Eniram (Wrtsil)

Norsepower

Smart Green Shipping Alliance (SGSA)

Other prominent vendors

PART 12: Appendix

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