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Marine Hybrid Propulsions-Global Market Insights and Sales Trends 2025
Synopsis
Hybrid propulsion is any marine propulsion system that includes two or more sources of propulsion in one design, usually which can be used either together or alternately.
The global Marine Hybrid Propulsions market size is expected to reach US$ 3568.6 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Marine Hybrid Propulsions in various end use industries. The expanding demands from the Tugboats & Offshore Support Vessels, Ferries, Defense Vessels and Other, are propelling Marine Hybrid Propulsions market. Diesel-electric, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Parallel Hybrid segment is estimated at % CAGR for the next seven-year period.
The major players in global Marine Hybrid Propulsion market include ABB, Siemens AG, General Electric, etc. The top 3 players occupy about 80% shares of the global market. Europe and North America are main markets, they occupy about 95% of the global market. Diesel-electric is the main type, with a share over 80%. Tugboats is the main application, which holds a share about 54%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Marine Hybrid Propulsions, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Marine Hybrid Propulsions market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Marine Hybrid Propulsions market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Marine Hybrid Propulsions sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Marine Hybrid Propulsions covered in this report include Siemens, General Electric, Rolls-Royce, BAE Systems, Imtech Marine, Wartsila, MAN Diesel & Turbo, Caterpillar and Torqeedo, etc.
The global Marine Hybrid Propulsions market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Siemens
General Electric
Rolls-Royce
BAE Systems
Imtech Marine
Wartsila
MAN Diesel & Turbo
Caterpillar
Torqeedo
Aspin Kemp＆Associates
Alewijnse Holding
STEYR MOTORS
SCHOTTEL Group
UQM Technologies
Global Marine Hybrid Propulsions market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Marine Hybrid Propulsions market, Segment by Type:
Diesel-electric
Parallel Hybrid
Serial Hybrid
Global Marine Hybrid Propulsions market, by Application
Tugboats & Offshore Support Vessels
Ferries
Defense Vessels
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Marine Hybrid Propulsions manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Marine Hybrid Propulsions in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Hybrid propulsion is any marine propulsion system that includes two or more sources of propulsion in one design, usually which can be used either together or alternately.
The global Marine Hybrid Propulsions market size is expected to reach US$ 3568.6 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Marine Hybrid Propulsions in various end use industries. The expanding demands from the Tugboats & Offshore Support Vessels, Ferries, Defense Vessels and Other, are propelling Marine Hybrid Propulsions market. Diesel-electric, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Parallel Hybrid segment is estimated at % CAGR for the next seven-year period.
The major players in global Marine Hybrid Propulsion market include ABB, Siemens AG, General Electric, etc. The top 3 players occupy about 80% shares of the global market. Europe and North America are main markets, they occupy about 95% of the global market. Diesel-electric is the main type, with a share over 80%. Tugboats is the main application, which holds a share about 54%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Marine Hybrid Propulsions, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Marine Hybrid Propulsions market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Marine Hybrid Propulsions market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Marine Hybrid Propulsions sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Marine Hybrid Propulsions covered in this report include Siemens, General Electric, Rolls-Royce, BAE Systems, Imtech Marine, Wartsila, MAN Diesel & Turbo, Caterpillar and Torqeedo, etc.
The global Marine Hybrid Propulsions market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Siemens
General Electric
Rolls-Royce
BAE Systems
Imtech Marine
Wartsila
MAN Diesel & Turbo
Caterpillar
Torqeedo
Aspin Kemp＆Associates
Alewijnse Holding
STEYR MOTORS
SCHOTTEL Group
UQM Technologies
Global Marine Hybrid Propulsions market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Marine Hybrid Propulsions market, Segment by Type:
Diesel-electric
Parallel Hybrid
Serial Hybrid
Global Marine Hybrid Propulsions market, by Application
Tugboats & Offshore Support Vessels
Ferries
Defense Vessels
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Marine Hybrid Propulsions manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Marine Hybrid Propulsions in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Marine Hybrid Propulsions Market Overview
1.1 Marine Hybrid Propulsions Product Overview
1.2 Marine Hybrid Propulsions Market Segment by Type
1.2.1 Diesel-electric
1.2.2 Parallel Hybrid
1.2.3 Serial Hybrid
1.3 Global Marine Hybrid Propulsions Market Size by Type
1.3.1 Global Marine Hybrid Propulsions Market Size Overview by Type (2018-2029)
1.3.2 Global Marine Hybrid Propulsions Historic Market Size Review by Type (2018-2023)
1.3.3 Global Marine Hybrid Propulsions Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Marine Hybrid Propulsions Sales Breakdown by Type (2018-2023)
1.4.2 Europe Marine Hybrid Propulsions Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Marine Hybrid Propulsions Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Marine Hybrid Propulsions Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Marine Hybrid Propulsions Sales Breakdown by Type (2018-2023)
2 Global Marine Hybrid Propulsions Market Competition by Company
2.1 Global Top Players by Marine Hybrid Propulsions Sales (2018-2023)
2.2 Global Top Players by Marine Hybrid Propulsions Revenue (2018-2023)
2.3 Global Top Players by Marine Hybrid Propulsions Price (2018-2023)
2.4 Global Top Manufacturers Marine Hybrid Propulsions Manufacturing Base Distribution, Sales Area, Product Type
2.5 Marine Hybrid Propulsions Market Competitive Situation and Trends
2.5.1 Marine Hybrid Propulsions Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Marine Hybrid Propulsions Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Marine Hybrid Propulsions as of 2022)
2.7 Date of Key Manufacturers Enter into Marine Hybrid Propulsions Market
2.8 Key Manufacturers Marine Hybrid Propulsions Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Marine Hybrid Propulsions Status and Outlook by Region
3.1 Global Marine Hybrid Propulsions Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Marine Hybrid Propulsions Historic Market Size by Region
3.2.1 Global Marine Hybrid Propulsions Sales in Volume by Region (2018-2023)
3.2.2 Global Marine Hybrid Propulsions Sales in Value by Region (2018-2023)
3.2.3 Global Marine Hybrid Propulsions Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Marine Hybrid Propulsions Forecasted Market Size by Region
3.3.1 Global Marine Hybrid Propulsions Sales in Volume by Region (2024-2029)
3.3.2 Global Marine Hybrid Propulsions Sales in Value by Region (2024-2029)
3.3.3 Global Marine Hybrid Propulsions Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Marine Hybrid Propulsions by Application
4.1 Marine Hybrid Propulsions Market Segment by Application
4.1.1 Tugboats & Offshore Support Vessels
4.1.2 Ferries
4.1.3 Defense Vessels
4.1.4 Other
4.2 Global Marine Hybrid Propulsions Market Size by Application
4.2.1 Global Marine Hybrid Propulsions Market Size Overview by Application (2018-2029)
4.2.2 Global Marine Hybrid Propulsions Historic Market Size Review by Application (2018-2023)
4.2.3 Global Marine Hybrid Propulsions Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Marine Hybrid Propulsions Sales Breakdown by Application (2018-2023)
4.3.2 Europe Marine Hybrid Propulsions Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Marine Hybrid Propulsions Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Marine Hybrid Propulsions Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Marine Hybrid Propulsions Sales Breakdown by Application (2018-2023)
5 North America Marine Hybrid Propulsions by Country
5.1 North America Marine Hybrid Propulsions Historic Market Size by Country
5.1.1 North America Marine Hybrid Propulsions Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Marine Hybrid Propulsions Sales in Volume by Country (2018-2023)
5.1.3 North America Marine Hybrid Propulsions Sales in Value by Country (2018-2023)
5.2 North America Marine Hybrid Propulsions Forecasted Market Size by Country
5.2.1 North America Marine Hybrid Propulsions Sales in Volume by Country (2024-2029)
5.2.2 North America Marine Hybrid Propulsions Sales in Value by Country (2024-2029)
6 Europe Marine Hybrid Propulsions by Country
6.1 Europe Marine Hybrid Propulsions Historic Market Size by Country
6.1.1 Europe Marine Hybrid Propulsions Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Marine Hybrid Propulsions Sales in Volume by Country (2018-2023)
6.1.3 Europe Marine Hybrid Propulsions Sales in Value by Country (2018-2023)
6.2 Europe Marine Hybrid Propulsions Forecasted Market Size by Country
6.2.1 Europe Marine Hybrid Propulsions Sales in Volume by Country (2024-2029)
6.2.2 Europe Marine Hybrid Propulsions Sales in Value by Country (2024-2029)
7 Asia-Pacific Marine Hybrid Propulsions by Region
7.1 Asia-Pacific Marine Hybrid Propulsions Historic Market Size by Region
7.1.1 Asia-Pacific Marine Hybrid Propulsions Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Marine Hybrid Propulsions Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Marine Hybrid Propulsions Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Marine Hybrid Propulsions Forecasted Market Size by Region
7.2.1 Asia-Pacific Marine Hybrid Propulsions Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Marine Hybrid Propulsions Sales in Value by Region (2024-2029)
8 Latin America Marine Hybrid Propulsions by Country
8.1 Latin America Marine Hybrid Propulsions Historic Market Size by Country
8.1.1 Latin America Marine Hybrid Propulsions Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Marine Hybrid Propulsions Sales in Volume by Country (2018-2023)
8.1.3 Latin America Marine Hybrid Propulsions Sales in Value by Country (2018-2023)
8.2 Latin America Marine Hybrid Propulsions Forecasted Market Size by Country
8.2.1 Latin America Marine Hybrid Propulsions Sales in Volume by Country (2024-2029)
8.2.2 Latin America Marine Hybrid Propulsions Sales in Value by Country (2024-2029)
9 Middle East and Africa Marine Hybrid Propulsions by Country
9.1 Middle East and Africa Marine Hybrid Propulsions Historic Market Size by Country
9.1.1 Middle East and Africa Marine Hybrid Propulsions Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Marine Hybrid Propulsions Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Marine Hybrid Propulsions Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Marine Hybrid Propulsions Forecasted Market Size by Country
9.2.1 Middle East and Africa Marine Hybrid Propulsions Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Marine Hybrid Propulsions Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Siemens
10.1.1 Siemens Company Information
10.1.2 Siemens Introduction and Business Overview
10.1.3 Siemens Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Siemens Marine Hybrid Propulsions Products Offered
10.1.5 Siemens Recent Development
10.2 General Electric
10.2.1 General Electric Company Information
10.2.2 General Electric Introduction and Business Overview
10.2.3 General Electric Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.2.4 General Electric Marine Hybrid Propulsions Products Offered
10.2.5 General Electric Recent Development
10.3 Rolls-Royce
10.3.1 Rolls-Royce Company Information
10.3.2 Rolls-Royce Introduction and Business Overview
10.3.3 Rolls-Royce Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Rolls-Royce Marine Hybrid Propulsions Products Offered
10.3.5 Rolls-Royce Recent Development
10.4 BAE Systems
10.4.1 BAE Systems Company Information
10.4.2 BAE Systems Introduction and Business Overview
10.4.3 BAE Systems Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.4.4 BAE Systems Marine Hybrid Propulsions Products Offered
10.4.5 BAE Systems Recent Development
10.5 Imtech Marine
10.5.1 Imtech Marine Company Information
10.5.2 Imtech Marine Introduction and Business Overview
10.5.3 Imtech Marine Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Imtech Marine Marine Hybrid Propulsions Products Offered
10.5.5 Imtech Marine Recent Development
10.6 Wartsila
10.6.1 Wartsila Company Information
10.6.2 Wartsila Introduction and Business Overview
10.6.3 Wartsila Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Wartsila Marine Hybrid Propulsions Products Offered
10.6.5 Wartsila Recent Development
10.7 MAN Diesel & Turbo
10.7.1 MAN Diesel & Turbo Company Information
10.7.2 MAN Diesel & Turbo Introduction and Business Overview
10.7.3 MAN Diesel & Turbo Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.7.4 MAN Diesel & Turbo Marine Hybrid Propulsions Products Offered
10.7.5 MAN Diesel & Turbo Recent Development
10.8 Caterpillar
10.8.1 Caterpillar Company Information
10.8.2 Caterpillar Introduction and Business Overview
10.8.3 Caterpillar Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Caterpillar Marine Hybrid Propulsions Products Offered
10.8.5 Caterpillar Recent Development
10.9 Torqeedo
10.9.1 Torqeedo Company Information
10.9.2 Torqeedo Introduction and Business Overview
10.9.3 Torqeedo Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Torqeedo Marine Hybrid Propulsions Products Offered
10.9.5 Torqeedo Recent Development
10.10 Aspin Kemp＆Associates
10.10.1 Aspin Kemp＆Associates Company Information
10.10.2 Aspin Kemp＆Associates Introduction and Business Overview
10.10.3 Aspin Kemp＆Associates Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Aspin Kemp＆Associates Marine Hybrid Propulsions Products Offered
10.10.5 Aspin Kemp＆Associates Recent Development
10.11 Alewijnse Holding
10.11.1 Alewijnse Holding Company Information
10.11.2 Alewijnse Holding Introduction and Business Overview
10.11.3 Alewijnse Holding Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Alewijnse Holding Marine Hybrid Propulsions Products Offered
10.11.5 Alewijnse Holding Recent Development
10.12 STEYR MOTORS
10.12.1 STEYR MOTORS Company Information
10.12.2 STEYR MOTORS Introduction and Business Overview
10.12.3 STEYR MOTORS Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.12.4 STEYR MOTORS Marine Hybrid Propulsions Products Offered
10.12.5 STEYR MOTORS Recent Development
10.13 SCHOTTEL Group
10.13.1 SCHOTTEL Group Company Information
10.13.2 SCHOTTEL Group Introduction and Business Overview
10.13.3 SCHOTTEL Group Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.13.4 SCHOTTEL Group Marine Hybrid Propulsions Products Offered
10.13.5 SCHOTTEL Group Recent Development
10.14 UQM Technologies
10.14.1 UQM Technologies Company Information
10.14.2 UQM Technologies Introduction and Business Overview
10.14.3 UQM Technologies Marine Hybrid Propulsions Sales, Revenue and Gross Margin (2018-2023)
10.14.4 UQM Technologies Marine Hybrid Propulsions Products Offered
10.14.5 UQM Technologies Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Marine Hybrid Propulsions Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Marine Hybrid Propulsions Industrial Chain Analysis
11.4 Marine Hybrid Propulsions Market Dynamics
11.4.1 Marine Hybrid Propulsions Industry Trends
11.4.2 Marine Hybrid Propulsions Market Drivers
11.4.3 Marine Hybrid Propulsions Market Challenges
11.4.4 Marine Hybrid Propulsions Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Marine Hybrid Propulsions Distributors
12.3 Marine Hybrid Propulsions Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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