Marine Propulsion and Auxiliary Power Market Size & Share, by Fuel Type (Diesel, LNG, LPG, Natural Gas, Battery, Ammonia, Hydrogen); Application (Propulsion, Auxiliary); Power Rating (<1,000 kW, 1,000-2,000 kW, 2,001-3,000 kW, 3,001-4,000 kW, 4,001-5,000 kW); Vessel Type (Tankers/Carriers, Barges/Cargo Vessels, Tugboats, Defense Vessels, Ferries, Yachts, Cruise Ships) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5444
  • Published Date: Dec 05, 2023
  • Report Format: PDF, PPT

Companies Dominating the Marine Propulsion and Auxiliary Landscape

top-features-companies
    • 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 Market Insights with Data Illustration:

In-the-news

In The News

  • To cut fuel usage and carbon emissions, the New York City Transit Authority chose BAE Systems in June 2020 to provide 435 electric hybrid generators and propulsion systems for its new fleet of transit buses.
  •  Volvo Penta and Marell, a Swedish boat builder, worked together to develop the new Marell M15 patrol boat in September 2019. The vessel is custom-built from helm to prop and outfitted with Volvo Penta's most recent D6 engine and DPI system, setting a new benchmark for high-speed operations.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 5444
  • Published Date: Dec 05, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand for eco-friendly fuels, and high demands in marine sector are some of the major factors anticipated to drive the growth of marine propulsion and auxiliary power market.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2024-2036.

The major players in the market are of BAE Systems, Siemens Energy, ABB Ltd, Wartsila, MAN Energy Solutions, AB Volvo,, and others.

The diesel segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in Asia Pacific is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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