Marine Propulsion and Auxiliary Power Market - Top Companies and Manufacturers

Companies Dominating the Marine Propulsion and Auxiliary Landscape

Cummins Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Caterpillar
General Electric
BAE Systems
Siemens Energy
ABB Ltd
Wartsila
MAN Energy Solutions,
AB Volvo
MTU (Rolls-Royce Plc)

Browse Key Market Insights with Data Illustration:

Marine Propulsion and Auxiliary Power Market Forecast Report 2036

In the News

To cut fuel usage and carbon emissions, the New York City Transit Authority chose BAE Systems in June 2020 to provide 435 electric hybrid generators and propulsion systems for its new fleet of transit buses.
Volvo Penta and Marell, a Swedish boat builder, worked together to develop the new Marell M15 patrol boat in September 2019. The vessel is custom-built from helm to prop and outfitted with Volvo Penta's most recent D6 engine and DPI system, setting a new benchmark for high-speed operations.

Frequently Asked Questions (FAQ)

The growing demand for eco-friendly fuels, and high demands in marine sector are some of the major factors anticipated to drive the growth of marine propulsion and auxiliary power market.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2024-2036.

The major players in the market are of BAE Systems, Siemens Energy, ABB Ltd, Wartsila, MAN Energy Solutions, AB Volvo,, and others.

The diesel segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in Asia Pacific is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Marine Propulsion and Auxiliary Power Market - Top Companies and Manufacturers

Companies Dominating the Marine Propulsion and Auxiliary Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

What are the major factors driving the growth of the marine propulsion and auxiliary power market?

What would be the CAGR of the marine propulsion and auxiliary power market over the forecast period?

Who are the major players dominating marine propulsion and auxiliary power market?

Which segment captures the largest market size in the fuel type in the marine propulsion and auxiliary power market?

Which region will provide more business opportunities for the growth of the marine propulsion and auxiliary power market in the future?