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America Marine Engines Market Size By Fuel (MDO, MGO, LNG, Hybrid), By Power (< 1,000 HP, 1,001-5,000 HP, 5,001-10,000 HP, 10,001-20,000 HP, > 20,000 HP), By Technology (Low Speed, Medium Speed, High Speed), By Propulsion (2-Stroke, 4-Stroke), By Application (Commercial, Offshore, Recreational, Navy), Industry Analysis Report, Country Outlook (U.S., Canada, Brazil, Argentina), Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: November 2020 | Publisher: Graphical Research Report ID: GR1532 | Delivery : PDF

America Marine Engines Market share will grow on account of thriving sea trade driven by increasing import-export activities following the robust development of maritime transportation across the developing and developed nations. Technological advancements and product configuration in conjunction with moving focus from conventional fuel toward low sulfur counterparts is projected to enhance the market statistics. Furthermore, stringent government mandates to employ greener alternatives is set to boost the demand for units supporting LNG, LSFO and hybrid fuel.

Increasing stringency of government norms with an aim of limiting sea contamination primarily in Emission Control Areas (ECAs) will drive the LNG fuelled marine engines market. Rising R&D activities aimed at extending the life cycle has additionally prompted the improvement initiatives for manufacturing reliably advanced units. In addition, growing demand for monetarily proficient engines combined with the flourishing maritime travel industry is set to augment the product deployment.

>20,000 HP is anticipated to grow on account of its wider applicability across the shipping industry, predominantly in towing boats, yachts and submarines. Moreover, increasing implementation of these units across cruise ships, naval and commercial vessels will positively impact the current business scenario. Rising per capita income together with improved living standards is set to support the large-scale product adoption.

Medium speed marine engines are projected to witness a substantial growth owing to its lightweight and low maintenance requirement. Increasing maritime tourism along with ascend in demand for passenger and recreational vessels is anticipated to boost the product deployment. In addition, these systems are widely implemented across vessels including ferries and cruises which is set to augment the business landscape.

4-Stroke marine engines will experience a significant rise in their adoption on account of high fuel efficiency, cost reduction and ability to offer high speed operations. These units do not rely on lubricants thereby, contributing to lesser emission release, which in turn is set stimulate the business scenario. Additionally, shifting customer inclination toward adoption of reliable and efficient systems coupled with robust development in maritime transportation across the globe will positively impact the industry share.

The U.S. marine engines market size is projected to grow owing to the increasing demand across merchant vessels driven by rising ship building exercises and robust trade activities. For example, prominent ship owning companies across the U.S. gulf region, plan to establish several joint ventures with multiple global brands. Additionally, rise in global movement of dry bulk commodities and oil products primarily from the Continent, Mediterranean and far-east region is set to drive the product demand.

Leading industry players are focussing at innovations and are forming strategic partnerships in order to sustain a significant position across the industry. Prominent manufacturers operating across the market include Volvo Penta, Wartsila, Caterpillar, Deere & Company, MAN Energy Solutions and Brunswick Corporation amongst others.
 

Frequently Asked Question(FAQ) :

America Marine Engines Market size will grow on account of thriving sea trade driven by increasing import-export activities following the robust development of maritime transportation across the developing and developed nations.
The U.S. marine engines market size is projected to grow owing to the increasing demand across merchant vessels driven by rising ship building exercises and robust trade activities.
Prominent manufacturers operating across the America marine engines market include Volvo Penta, Wärtsilä, Caterpillar, Deere & Company, MAN Energy Solutions and Brunswick Corporation amongst others.

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America Marine Engines Market Share, Size & Forecast 2020-2026 | Analysis


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