Marine Hybrid Propulsion Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact – both negative and positive – of COVID-19 on the marine hybrid propulsion industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected marine hybrid propulsion market growth numbers 2021-2030.
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The Marine Hybrid Propulsion Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global marine hybrid propulsion market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030. The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Marine Hybrid Propulsion Global Market Report 2021 covers marine hybrid propulsion market drivers, marine hybrid propulsion market trends, marine hybrid propulsion market growth rate, marine hybrid propulsion market major players, player-adopted strategies in the market, and marine hybrid propulsion market size.
The global marine hybrid propulsion market is expected to grow from $2.88 billion in 2020 to $3.10 billion in 2021 at a compound annual growth rate (CAGR) of 7.5%. The growth in the marine hybrid propulsion market is mainly due to the increase in international trade, expanding shipbuilding industry, rising demand for electric propulsion technology, and rising shift from conventional to hybrid propulsion units. The market is expected to reach $5.02 billion in 2025 at a CAGR of 12.8%.
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The report covers the marine hybrid propulsion market segments-
1) By Propulsion Type: Diesel-Electric, Parallel Hybrid, Serial Hybrid, Full Electric, Gas Turbine, Fuel Cell
2) By Ship Type: Anchor Handling Tug Supply Vessels, Platform Supply Vessels, Yachts, Motor Ferry, Cruise Liner, Others
3) By Power Rating: 0-300 KW, 301-500KW, 501KW-800KW
4) By Application: Commercial, Logistics, Offshore Drilling, Naval, Others
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