Lewes, DE -- (SBWire) -- 05/06/2019 --The Global Military Marine Vessel Engines Market is growing at a CAGR of 4.2% during the forecast period 2017 to 2026. The increase in procurement of engines and the increasing interests for hybrid turbochargers and electric propulsion systems are driving the market growth. However, the slowdown in oil industry is restraining the market.
The military marine vessel engines are the ship equipment which is used to run the ship using a mechanical system that can generate thrust to move a ship or boat across water. Based on propulsion systems, Diesel propulsion system is the most commonly used marine propulsion system converting mechanical energy from thermal forces. Diesel propulsion systems are mainly used in almost all types of vessels along with small boats and recreational vessels.
In North America region for maintaining the military supremacy and national security, the military marine vessel procurement in the US has been increasing over the past few years. The increase in naval vessels is expected to create an impact on the military marine vessel engines market during the forecast period.
Some of the key players in the military marine vessel engines market are Caterpillar, CumminsInc., Fairbanks Morse, General Electric Company, Hyundai Heavy Industries, Steyr Motors Co Ltd , Rolls-Royce Holding PLC , ODK-Saturn PJSC, Mitsubishi Heavy Industries, MAN Energy Solutions (Man SE), STX Engine Co Ltd, Wartsila, and Zorya-Mashproyekt (Ukroboronprom).
Propulsions Covered:
- Hybrid Propulsion
- Water-Jet Propulsion
- Gas Turbine Propulsion
- Diesel Propulsion
Vessels Covered:
- Frigates
- Destroyers
- Amphibious Warfare Ships
- Other Vessels
Regions Covered:
- North America
US
Canada
Mexico
- Europe
Germany
UK
Italy
France
Spain
Rest of Europe
- Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
- South America
Argentina
Brazil
Chile
Rest of South America
- Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
Spanning over 184 pages "Military Marine Vessel Engines - Global Market Outlook (2017-2026)" report covers Executive Summary, Preface, Market Trend Analysis, Porters Five Force Analysis, Global Military Marine Vessel Engines Market, By Propulsion System, Global Military Marine Vessel Engines Market, By Vessel, Global Military Marine Vessel Engines Market, By Geography, Key Developments, Company Profiling.
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