Companies Dominating the Marine Propulsion and Auxiliary Landscape
- 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 2025, the industry size of marine propulsion and auxiliary power is evaluated at USD 11.59 billion.
The marine propulsion and auxiliary power market size was over USD 10.53 billion in 2024 and is poised to exceed USD 44.89 billion by 2037, growing at over 11.8% CAGR during the forecast period i.e., between 2025-2037. Growing demand for eco-friendly fuels, and high demands in marine sector will boost the market growth.
Asia Pacific industry is estimated to hold largest revenue share of 33% by 2037, due to rising prevalence of a larger number of ships in the region.
The major players in the market are BAE Systems, Siemens Energy, ABB Ltd, Wartsila, MAN Energy Solutions, AB Volvo, and others.
