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The Malaysian Marine Engine Market (2018-2024) by Power, Propulsion Type, Application and Region - Set to Grow at a CAGR of 4.4% - ResearchAndMarkets.com

January 9, 2019

DUBLIN--(BUSINESS WIRE)--Jan 9, 2019--The “Malaysia Marine Engine Market (2018-2024): Market Forecast by Power, by Propulsion Types, by Applications, by Regions, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.

According to this research, Malaysia Marine Engine Market is projected to grow at a CAGR of 4.4% during 2018-2024.

The Malaysian government is encouraging the shipbuilding industry through an SBSR (Shipbuilding and Ship Repair) strategic plan 2020, aimed at increasing capacity of local yards and promoting shipbuilding. The government has also introduced tax exemption schemes to recover the industry.

Marine Engines that use diesel engine propulsion systems continue to occupy the majority of the share of the market. With the decrease in permitted Sulphur emission level worldwide, the popularity of alternative propulsion systems, such as the LNG engine and steam turbine, are increasing. The demand for LNG engines is expected to grow rapidly after the enforcement of new MARPOL standards for Sulphur emission from January 2020.

Amongst all the applications, offshore Oil and Gas industry in Malaysia leads the market in terms of revenue and volume share. Malaysia is one of the most important producers and exporters of natural gas in Asia. The global slowdown in the oil industry has affected the growth rate of the marine engine but the requirement of boats for Seabed Oil and Gas Drilling, Anchor handling tug supply and Offshore Supply Vessels continue to drive the demand for Marine Engines in Malaysia.

Topics Covered

1. Executive Summary

2. Introduction

3. Malaysia Marine Engine Market Overview

4. Malaysia Marine Engine Market Dynamics

5. Malaysia Marine Engine Market Trends

6. Malaysia Marine Engine Market Overview, By Power

7. Malaysia Marine Engine Price Trend, By Power Rating

8. Malaysia Marine Engine Market Overview, By Propulsion Types

9. Malaysia Marine Engine Market Overview, By Applications

10. Malaysia Marine Engine Market Overview, By Regions

11. Malaysia Marine Engine Market Key Performance Indicators

12. Malaysia Marine Engine Market Opportunity Assessment

13. Malaysia Marine Engine Market Competitive Landscape

14. Company Profiles (Top 10)

Caterpillar Inc. Cummins Inc. MAN Energy Solutions Mercury Marine Mitsubishi Heavy Industries Engine System Asia Pte Ltd. Perkins Engines Co. Ltd. Rolls Royce Public Limited Company Wartsila Yamaha Motor Co. Ltd Yanmar Holdings Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/22hg59/the_malaysian?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190109005694/en/

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Related Topics:Shipbuilding and Ship Parts

KEYWORD: MALAYSIA ASIA PACIFIC

INDUSTRY KEYWORD: TRANSPORT MARITIME

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/09/2019 12:20 PM/DISC: 01/09/2019 12:20 PM

http://www.businesswire.com/news/home/20190109005694/en

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