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global marine gensets market trends analysis

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Global Marine Gensets Market Trends, Analysis, And Forecast To 2025

Marine generator sets are utilized in several types of vessels such as offshore support vessels,

commercial vessels, other vessel types and defense vessels. A marine generator set helps in keeping the

current flowing throughout the electrical equipment on the ship or boat. For electricity generation, a

generator is an electro mechanical device which converts motive power to electrical power for using it in

an external circuit. Some of the key sources of mechanical energy are gas turbines, steam turbines,

internal combustion engines, water turbines and hand cranks. The reverse alteration of electrical energy

to mechanical energy is achieved by using an electric motor and these motors and generators have

several similar characteristics. Most of the motors are mechanically driven to generate electricity and

regularly make manual generators.

Market Scenario:

The growth of the global marine gensets market is anticipated to be chiefly driven by increasing number

of commercial vessels coupled with rapid increase in ship building activity. The advanced ship buildings

are generally dominated by container ships and bulk carriers especially in Japan and China along with

South Korea dominating in gas carrier and container ships. Moreover, rising demand for high value

pleasure vessels is one of the major factors contributing to the growth of the global marine gensets

market. In addition, the European marine gensets market has also witnessed an emerging demand

especially for hybrid generators.

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Furthermore, one of the key factors hampering the growth of the market is the increasing number of

stringent regulations by several governmental and non governmental organizations on the emissions of

marine gensets occurring globally. Asia-Pacific is anticipated to dominate the global marine gensets

market mainly due to increase in ship building activities especially in South Korea, China and Japan. The

aforementioned countries are heavily investing in ship building projects and the key market players are

intensifying their manufacturing facilities in these countries through new licensees and manufacturing

units and plants. Moreover, factors such as increase in the production of gas carrier, container ships and

marine freight across the globe, increase in high value pleasure vessels, increasing demand for hybrid

fuel powered marine gensets, intensifying competition from low cost vendors, and increase in the

shipping of green cells are some other key factors affecting the growth of the global marine gensets

market.

Key Players:

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Wärtsilä.

MAN Diesel & Turbo SE.

Mitsubishi Heavy Industries.

Caterpillar.

Daihatsu Diesel Mfg. Co., Ltd.

Rolls-Royce Power Systems AG.

Dresser Rand.

Asia-Pacific is anticipated to dominate the global marine gensets market mainly due to increase in ship

building activities especially in South Korea, China and Japan. The aforementioned countries are heavily

investing in ship building projects and the key market players are intensifying their manufacturing

facilities in these countries through new licensees and manufacturing units and plants. Moreover, factors

such as increase in the production of gas carrier, container ships and marine freight across the globe,

increase in high value pleasure vessels, increasing demand for hybrid fuel powered marine gensets,

intensifying competition from low cost vendors, and increase in the shipping of green cells are some

other key factors affecting the growth of the global marine gensets market.

Regional Analysis :

North America

Europe

Asia-Pacific (APAC)

Middle East

Africa (MEA)

Latin America.

The global marine gensets market can be segmented on the basis of fuel, capacity, vessel type and

geography. On the basis of fuel, the global marine gensets market can be segmented into diesel, gas and

hybrid. On the basis of capacity, the global marine gensets market can be segmented into Up to 1,000kW,

1,001-3,000kW, 3,001-10,000kW and above 10,000kW. On the basis of vessel type, the global marine

gensets market can be segmented into commercial vessels, offshore vessels, defense vessels and other

vessels.

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