Marine Power Systems Market by Type, End-user, and Geography - Forecast and Analysis 2023-2027

Published: May 2023 Pages: 186 SKU: IRTNTR74303

The Marine Power Systems Market is estimated to grow at a CAGR of 4.25% between 2022 and 2027, and the size of the market is forecasted to increase by USD 4,094.83 million. The growth of the market depends on several factors, including a surge in commercial shipping, an increase in naval vessels, and the growth in floating production storage and offloading (FPSO) vessels.

This report extensively covers market segmentation by type (internal lighting, navigation lighting, surveillance systems, engine control, and others), end-user (commercial ships, military vessel, underwater vehicles, leisure ships, and small recreational boats), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Marine Power Systems Market During the Forecast Period?

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Technavio’s Exclusive Marine Power Systems Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. 

Global Marine Power Systems Market Customer Landscape

Key Drivers, Trends, and Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.    

Key Driver

The surge in commercial shipping is driving the market growth. Globalization has led to an increase in commercial shipping. Transportation of goods via sea mainly takes place in the form of containers. The products are categorized into less-container-load and full-container-load. Ship tankers transport goods such as oil, grain, and coal in bulk. Therefore, tankers are ideal for transporting heavy and bulky goods and products that involve longer lead times.

Shipping of commercial goods has many advantages. Ships use less fuel when compared to trucks and trains, thereby producing fewer amounts of carbon dioxide. They also produce less noise pollution. Moreover, there are fewer accidents in ship transport when compared to trucks and trains, which makes them a safer mode of transport. The rise in the adoption of shipping and its importance to seaborne trade, along with the emergence of developing countries in shipbuilding and related activities, are expected to drive the demand for marine power systems. These factors will contribute to the growth of the global marine power systems market during the forecast period.

Significant Trends

The growing marine hybrid propulsion market is a key trend in the global marine power systems market. High pollution caused by diesel propulsion engines has led to an increase in the use of hybrid marine propulsion engines in vessels. Maritime authorities and major ports across the world have implemented standards for vessels. As a result, shipping operators have to follow the emission guidelines. For instance, new regulations by the International Maritime Organization (IMO) came into effect in 2015. 

China and other APAC countries such as Indonesia and Australia are expected to make significant investments in the hybrid tugboats and offshore support vessels segment. South America is another region to adopt hybrid vessels due to the development of offshore hydrocarbon basins in the region. Thus, the development of hybrid marine propulsion systems offers marine engine manufacturers the potential to increase their revenue and market share. This, in turn, will drive the growth of the global marine power systems market during the forecast period.

Major Challenge

The collapse of the Greek shipbuilding industry is challenging market growth. The Eurozone crisis of 2009 had a major impact on the shipbuilding industry in Greece. The industry is facing a threat from countries such as China, Japan, and Korea, which have low labor costs. Greek shipyards offer higher wages than their competitors. The high labor cost has compelled ship owners to place orders with shipyards based in APAC.

The situation in the Greek shipbuilding industry has impacted the global shipping industry, especially in Europe. This has negatively affected the revenue of engine manufacturers. Hence, many manufacturers based in Europe are adopting strategies to expand their market presence. Such factors are anticipated to become a major challenge for the growth of the global marine power systems market during the forecast period.

Who are the Major Marine Power Systems Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Daihatsu Diesel Mfg. Co. Ltd. - The company offers high-performance engines, electronic propulsion systems, and dual-fuel engines. Under the Marine-use Engines segment, the company manufactures internal combustion engines for marine.

Hyundai Electric and Energy Systems Co. Ltd. - The company offers electrical systems such as marine switchgear, marine distribution transformers, and rotating machines for marine. 

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:

  • AB Volvo
  • Atlas Marine Systems
  • Caterpillar Inc.
  • Cummins Inc.
  • ENAG SAS
  • EnerSys
  • EnPro Industries Inc.
  • General Electric Co.
  • Hydraulic Marine Systems Inc.
  • Ingeteam SA
  • MAN Energy Solutions SE
  • Mitsubishi Heavy Industries Ltd.
  • NEWMAR
  • Perkins Engines Co. Ltd.
  • Rolls Royce Holdings Plc
  • Siemens AG
  • Wartsila Corp.
  • Yamaha Corp.

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.  

Marine Power Systems Market Segmentation by Type, End-user, and Geography 

Type Segment Analysis

The internal lighting segment will account for a significant share of market growth during the forecast period. Internal lighting refers to the products and technologies used to provide lighting solutions within marine vessels. These systems are designed to illuminate the interior spaces of ships, boats, and other marine structures.

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The internal lighting segment was valued at USD 6,848.88 million in 2017 and continued to grow until 2021. Some of the commonly used products in this segment include light emitting diode (LED) lighting, fluorescent lighting, incandescent lighting, and halogen lighting. The specific product offerings and market dynamics within the internal lighting segment of the global marine power systems market may evolve over time, influenced by technological advancements, regulatory requirements, and market demand. These factors will drive the growth of this segment during the forecast period.

End-user Segment Analysis

The commercial ships segment will account for a significant share of market growth during the forecast period. Marine transport is the most cost-effective way to transport manufactured goods and commodities across the world in bulk. Commercial ships are used for seaborne trade to transmit goods either through containers or cargo ships. Global container trade is considered to account for the majority of overall global seaborne trade. The fall in global fuel prices has resulted in the growth of boating operators across the world, thereby driving the demand for deck machinery. These factors will drive the growth of this segment during the forecast period. 

Regional Analysis

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APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  

Countries such as China, South Korea, and Japan are the major contributors to the marine power systems market in APAC. The region is projected to continue to lead position in the global marine power systems market during the forecast period. Therefore, engine manufacturers for commercial, leisure, and naval ships in the region have significant growth opportunities. The shift in the mass production of goods to Asia due to comparative cost advantages has been fueled by the increasing size of container ships. The growth in global trade has led to an increase in the demand for new ships, especially container vessels and tankers, which can transport oil, natural gas, and mineral ores.

Covid Recovery Analysis

In 2020, the outbreak of COVID-19 negatively impacted the demand for marine power systems globally. However, the initiation of large-scale vaccination drives in the second half of 2020 led to the lifting of lockdown restrictions and the resumption of maritime trading and other seaborne activities worldwide. This is expected to propel the demand for commercial ships, military vessels, underwater vehicles, and small recreational boats, which, in turn, will increase the demand for marine power systems. Such factors are expected to boost the growth of the global marine power systems market during the forecast period. 

Segment Overview

The marine power systems market report forecasts market growth by revenue at global, regional, & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • Internal lighting
    • Navigation lighting
    • Surveillance systems
    • Engine control
    • Others
  • End-user Outlook (USD Million, 2017 - 2027)
    • Commercial ships
    • Military vessel
    • Underwater vehicle
    • Leisure ships
    • Small recreational boats
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Marine Power Systems Market Scope

Report Coverage

Details

Page number

186

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.25%

Market growth 2023-2027

USD 4,094.83 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.25

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key countries

US, China, South Korea, Japan, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AB Volvo, Atlas Marine Systems, Caterpillar Inc., Cummins Inc., Daihatsu Diesel Mfg. Co. Ltd., ENAG SAS, EnerSys, EnPro Industries Inc., General Electric Co., Hydraulic Marine Systems Inc., Hyundai Electric and Energy Systems Co. Ltd., Ingeteam SA, MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., NEWMAR, Perkins Engines Co. Ltd., Rolls Royce Holdings Plc, Siemens AG, Wartsila Corp., and Yamaha Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Marine Power Systems Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the marine power systems market between 2023 and 2027
  • Precise estimation of the size of the marine power systems market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of marine power systems market vendors

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global marine power systems market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global marine power systems market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Internal lighting - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Internal lighting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Internal lighting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Internal lighting - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Internal lighting - Year-over-year growth 2022-2027 (%)
    • 6.4 Navigation lighting - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Navigation lighting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Navigation lighting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Navigation lighting - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Navigation lighting - Year-over-year growth 2022-2027 (%)
    • 6.5 Surveillance systems - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Surveillance systems - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Surveillance systems - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Surveillance systems - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Surveillance systems - Year-over-year growth 2022-2027 (%)
    • 6.6 Engine control - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Engine control - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Engine control - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Engine control - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Engine control - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Type
      • Exhibit 54: Market opportunity by Type ($ million)
      • Exhibit 55: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 56: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 58: Chart on Comparison by End-user
      • Exhibit 59: Data Table on Comparison by End-user
    • 7.3 Commercial ships - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Commercial ships - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Commercial ships - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Commercial ships - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Commercial ships - Year-over-year growth 2022-2027 (%)
    • 7.4 Military vessel - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Military vessel - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Military vessel - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Military vessel - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Military vessel - Year-over-year growth 2022-2027 (%)
    • 7.5 Underwater vehicle - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Underwater vehicle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Underwater vehicle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Underwater vehicle - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Underwater vehicle - Year-over-year growth 2022-2027 (%)
    • 7.6 Leisure ships - Market size and forecast 2022-2027
      • Exhibit 72: Chart on Leisure ships - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Data Table on Leisure ships - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Chart on Leisure ships - Year-over-year growth 2022-2027 (%)
      • Exhibit 75: Data Table on Leisure ships - Year-over-year growth 2022-2027 (%)
    • 7.7 Small recreational boats - Market size and forecast 2022-2027
      • Exhibit 76: Chart on Small recreational boats - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Data Table on Small recreational boats - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Chart on Small recreational boats - Year-over-year growth 2022-2027 (%)
      • Exhibit 79: Data Table on Small recreational boats - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 80: Market opportunity by End-user ($ million)
      • Exhibit 81: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 83: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 84: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 85: Chart on Geographic comparison
      • Exhibit 86: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 99: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 111: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 South Korea - Market size and forecast 2022-2027
      • Exhibit 119: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 120: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 121: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 122: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 123: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 124: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 125: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 126: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 127: Market opportunity by geography ($ million)
      • Exhibit 128: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 129: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 130: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 131: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 132: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 133: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 134: Matrix on vendor position and classification
            • 12.3 AB Volvo
              • Exhibit 135: AB Volvo - Overview
              • Exhibit 136: AB Volvo - Business segments
              • Exhibit 137: AB Volvo - Key news
              • Exhibit 138: AB Volvo - Key offerings
              • Exhibit 139: AB Volvo - Segment focus
            • 12.4 Atlas Marine Systems
              • Exhibit 140: Atlas Marine Systems - Overview
              • Exhibit 141: Atlas Marine Systems - Product / Service
              • Exhibit 142: Atlas Marine Systems - Key offerings
            • 12.5 Caterpillar Inc.
              • Exhibit 143: Caterpillar Inc. - Overview
              • Exhibit 144: Caterpillar Inc. - Business segments
              • Exhibit 145: Caterpillar Inc. - Key offerings
              • Exhibit 146: Caterpillar Inc. - Segment focus
            • 12.6 Cummins Inc.
              • Exhibit 147: Cummins Inc. - Overview
              • Exhibit 148: Cummins Inc. - Business segments
              • Exhibit 149: Cummins Inc. - Key offerings
              • Exhibit 150: Cummins Inc. - Segment focus
            • 12.7 Daihatsu Diesel Mfg. Co. Ltd.
              • Exhibit 151: Daihatsu Diesel Mfg. Co. Ltd. - Overview
              • Exhibit 152: Daihatsu Diesel Mfg. Co. Ltd. - Business segments
              • Exhibit 153: Daihatsu Diesel Mfg. Co. Ltd. - Key offerings
              • Exhibit 154: Daihatsu Diesel Mfg. Co. Ltd. - Segment focus
            • 12.8 EnerSys
              • Exhibit 155: EnerSys - Overview
              • Exhibit 156: EnerSys - Business segments
              • Exhibit 157: EnerSys - Key news
              • Exhibit 158: EnerSys - Key offerings
              • Exhibit 159: EnerSys - Segment focus
            • 12.9 EnPro Industries Inc.
              • Exhibit 160: EnPro Industries Inc. - Overview
              • Exhibit 161: EnPro Industries Inc. - Business segments
              • Exhibit 162: EnPro Industries Inc. - Key offerings
              • Exhibit 163: EnPro Industries Inc. - Segment focus
            • 12.10 General Electric Co.
              • Exhibit 164: General Electric Co. - Overview
              • Exhibit 165: General Electric Co. - Business segments
              • Exhibit 166: General Electric Co. - Key news
              • Exhibit 167: General Electric Co. - Key offerings
              • Exhibit 168: General Electric Co. - Segment focus
            • 12.11 Hydraulic Marine Systems Inc.
              • Exhibit 169: Hydraulic Marine Systems Inc. - Overview
              • Exhibit 170: Hydraulic Marine Systems Inc. - Product / Service
              • Exhibit 171: Hydraulic Marine Systems Inc. - Key offerings
            • 12.12 Hyundai Electric and Energy Systems Co. Ltd.
              • Exhibit 172: Hyundai Electric and Energy Systems Co. Ltd. - Overview
              • Exhibit 173: Hyundai Electric and Energy Systems Co. Ltd. - Product / Service
              • Exhibit 174: Hyundai Electric and Energy Systems Co. Ltd. - Key offerings
            • 12.13 Ingeteam SA
              • Exhibit 175: Ingeteam SA - Overview
              • Exhibit 176: Ingeteam SA - Product / Service
              • Exhibit 177: Ingeteam SA - Key offerings
            • 12.14 MAN Energy Solutions SE
              • Exhibit 178: MAN Energy Solutions SE - Overview
              • Exhibit 179: MAN Energy Solutions SE - Product / Service
              • Exhibit 180: MAN Energy Solutions SE - Key offerings
            • 12.15 Mitsubishi Heavy Industries Ltd.
              • Exhibit 181: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 182: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 183: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 184: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 185: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 12.16 NEWMAR
              • Exhibit 186: NEWMAR - Overview
              • Exhibit 187: NEWMAR - Product / Service
              • Exhibit 188: NEWMAR - Key offerings
            • 12.17 Perkins Engines Co. Ltd.
              • Exhibit 189: Perkins Engines Co. Ltd. - Overview
              • Exhibit 190: Perkins Engines Co. Ltd. - Product / Service
              • Exhibit 191: Perkins Engines Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 192: Inclusions checklist
                • Exhibit 193: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 194: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 195: Research methodology
                • Exhibit 196: Validation techniques employed for market sizing
                • Exhibit 197: Information sources
              • 13.5 List of abbreviations
                • Exhibit 198: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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