Marine Hybrid Propulsion Market Value is Likely to Soar Around US$6484.9 mn by 2025


Marine hybrid propulsion systems are continuously rising as one of the most favored clean propulsion systems internationally and are being utilized in a few vessel classes. One of the significant focal points of utilizing hybrid propulsion systems is their perfect and effective component, which altogether brings emanations when contrasted down with ordinary propulsion systems. Highlights, for example, quiet moving, outflow free activities, and lower degrees of fuel utilization have incited vessel and towage administrators to put resources into this innovation. Advancement of the innovation beginning from the hybrid car industry has helped innovation engineers in structuring proficient and prudent marine hybrid propulsion systems. Marine hybrid propulsion systems are intended to utilize two free drive systems for propulsion.

Is something restraining your company’s growth in the Marine Hybrid Propulsion Market? Ask for the report brochure here

Based on revenue & volume (US$ Mn & units); the marine hybrid propulsion market has been broadly segmented into: propulsion type, end-use, power rating, stroke, RPM, and region. By propulsion type, marine hybrid propulsion market have been broadly segmented into diesel-electric, parallel, and serial hybrid systems. In 2016, diesel-electric propulsion type constituted 49% market share. In terms of end-use, the market has been segregated into: tugboats, offshore support vessels, ferries, defense vessels, yachts, cruise ships, and others. In terms of power rating, the market has been divided into: 0-300 KW, 301-500 KW, 501-800 KW, and above 801 KW.

The three propulsion type segments analyzed in this report are diesel-electric, parallel, and serial hybrid systems. Installations of these configuration types are completely dependent on the operational requirements of the vessel operators. The operating power requirements and size of the drive components are crucial factors considered while vessel operators select the appropriate hybrid configurations for their respective vessels. Diesel-electric propulsion systems have witnessed a rapid growth rate in the past few decades.

The information Presented in this Review is Based on Press-Release by TMR

  • Asia Pacific to Offer Lucrative Prospects in Coming Years

Currently, ferries have been recognized as the major ends-user in terms of installation of marine hybrid propulsion systems. Ferry operators, especially in Europe, are anticipated to invest substantial amounts for the installation of hybrid propulsion systems in their respective vessels. The European Union has also supported upgrade of ferries as all vessels traversing through or operating in European waters have to reduce sulfur emissions from 2015. Defense vessels are anticipated to be one of the most prominent end-user segment in terms of future hybrid propulsion installations. Several defense organizations in Europe and North America have started installing hybrid propulsion systems in the respective vessels operated by them. The typical operating profile for naval destroyers and military vessels includes a significant amount of time voyaging at low speed. In such operating modes, electrical propulsion motors can be used to meet the vessel’s power requirement which significantly reduces emissions and saves fuel.

Leave a Reply