Marine Propulsion and Auxiliary Power Market Players:
- Cummins Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Caterpillar
- General Electric
- BAE Systems
- Siemens Energy
- ABB Ltd
- Wartsila
- MAN Energy Solutions,
- AB Volvo
- MTU (Rolls-Royce Plc)
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of marine propulsion and auxiliary power is evaluated at USD 12.82 billion.
The global marine propulsion and auxiliary power market size was worth more than USD 11.59 billion in 2025 and is poised to witness a CAGR of over 11.8%, crossing USD 35.36 billion revenue by 2035.
Asia Pacific marine propulsion and auxiliary power market is expected to hold the largest share of 33%, driven by the rising number of ships, expansion of sea trade, and increased adoption of LNG as marine fuel.
Key players in the market include Cummins Inc., Caterpillar, General Electric, BAE Systems, Siemens Energy, ABB Ltd, Wartsila, MAN Energy Solutions, AB Volvo, MTU (Rolls-Royce Plc).
