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Global Marine Propulsion Engine Market 2019-2023| Prospective Incorporation of Intelligent Propulsion Systems to Boost Growth| Technavio

November 20, 2018

LONDON--(BUSINESS WIRE)--Nov 20, 2018--The global marine propulsion engine market is expected to post a CAGR of nearly 2% during the period 2019-2023, according to the latest market research report by .

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Technavio has released a new market research report on the global marine propulsion engine market for the period 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the increase in demand for naval vessels. At present, several countries are re-thinking their defense posture based on uncertainties in APAC, the Middle East, and Russia. Thus, defense globalization is an emerging trend that is encouraging several nations to concentrate on sea-based defense and maritime security, surrounding global trade and local economic resources.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the prospective incorporation of intelligent propulsion systems as one of the key emerging trends in the global marine propulsion engine market:

Global marine propulsion engine market: Prospective incorporation of intelligent propulsion systems

With the advent of automation technology and digital analytics, marine propulsion engine manufacturers are focusing on the development of intelligent propulsion systems. Future engines will be an integral part of the integrated and intelligent propulsion system that efficiently meets IMO Tier III/EPA Tier 4 requirements for a marine engine. OEMs expect that there will be a significant increase in the integration of automation and digital analytics in the future to produce engines that will be compliant with various standards, providing proper compliance documentation.

“Engines as well as propellers, which are integral parts of an intelligent propulsion system, are expected to undergo design enhancements based on computational fluid dynamics, power management, engine optimization units, and marine asset intelligence,” says a senior analyst at Technavio for research on automotive components.

Global marine propulsion engine market: Segmentation analysis

This market research report segments the global marine propulsion engine market by type (diesel and gas) and geographical regions (APAC, EMEA, and the Americas).

The diesel segment held the largest market share in 2018, accounting for nearly 96% of the market. This type segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2018 with a market share of nearly 80%. This region is expected to dominate the market through 2023.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181120005467/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT MARITIME MANUFACTURING ENGINEERING OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/20/2018 09:59 AM/DISC: 11/20/2018 09:59 AM

http://www.businesswire.com/news/home/20181120005467/en

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