市场调查报告书
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1389872
全球船用发动机市场:按产品类型、燃料类型、功率范围、应用和地区划分的评估、机会和预测(2016-2030)Marine Engines Market Assessment, By Product Type, By Fuel Type, By Power Range, By Application, By Region, Opportunities and Forecast, 2016-2030F |
2022年,全球船用引擎市场规模为124.6亿美元,在2023-2030年预测期间将以5.24%的复合年增长率增长,到2030年将达到187.5亿美元。
船用引擎具有提高海上运输效率和可靠性的重要优势。 这些引擎作为各种船舶的重要动力来源,确保无缝航行和货物运输。 全球贸易的扩大、商业航运活动的扩大、对永续船用燃料的需求不断增加以及对节能环保推进系统的需求不断增加,推动了船用发动机市场的发展。 此外,技术进步、严格的排放法规以及提高燃油效率的需求正在推动船用引擎设计和製造的创新,从而促进市场成长。
环保意识的提高和航运业排放法规的严格化推动了对永续船用燃料的需求激增。 此外,业界正在采用生物燃料和氢基燃料等更清洁的替代燃料,以减少温室气体(GHG)排放,并加强实现更绿色、更永续的海上运营,与国际努力一致。
例如,2022 年9 月,Rolls-Royce批准了其2000 系列和4000 系列mtu 船用柴油发动机,这些发动机将于2023 年与可持续燃料兼容,向绿色航运迈出了重要一步。我做到了。 测试成功后,动力系统部门计划批准这些引擎使用 EN15940 合成柴油燃料,包括 BtL、HVO 和类似 PtL 的电子柴油。 这些替代燃料可以无缝替代这些引擎中的传统化石油柴油,无需任何修改。
本报告分析了全球船用发动机市场,提供了产品概述、市场基本结构、整体市场规模趋势展望、按细分市场和地区划分的详细趋势以及市场背景情况我们调查了主要影响因素、主要企业概况及市占率等。
为涵盖的所有地区/国家提供每个细分市场的资讯。
上面列出的公司并非按市场份额排序,并且可能会根据研究工作中获得的资讯进行更改。
Global Marine Engines Market size was valued at USD 12.46 billion in 2022 which is expected to reach USD 18.75 billion in 2030 with a CAGR of 5.24% for the forecasted period between 2023 and 2030.
Marine engines offer crucial advantages, enhancing maritime transportation efficiency and reliability. These engines are crucial for powering various vessels and ensuring seamless navigation and transportation of goods. The marine engines market is propelled by the escalation of global trade, expanding commercial shipping activities, rising demand for sustainable marine fuels, and the rising demand for energy-efficient and environmentally friendly propulsion systems. Additionally, technological advancements, stringent emission regulations, and the need for enhanced fuel efficiency contribute to the market's growth, fostering innovation in marine engine design and manufacturing.
The surge in demand for sustainable marine fuels is fueled by growing environmental consciousness and stringent emissions regulations in the maritime sector. Moreover, industry is adopting cleaner alternatives such as biofuels and hydrogen-based fuels to curb greenhouse gas (GHG) emissions, aligning with international efforts to achieve eco-friendly and sustainable maritime operations.
For instance, in September 2022, Rolls-Royce achieved a significant step towards eco-friendly shipping by approving its Series 2000 and Series 4000 mtu marine diesel engines for sustainable fuels in 2023. After successful tests, the power systems unit planned to approve these engines for EN15940 synthetic diesel fuels, including BtL, HVO, and PtL-like e-diesel. These alternatives can seamlessly replace conventional fossil petroleum-based diesel in these engines without any sort of modifications.
Marine diesel engines, whether two-stroke or four-stroke, are vital in maritime operations. 2-stroke engines excel in power-to-weight ratios, making them suitable for large vessels like container ships. Meanwhile, 4-stroke engines are prioritized for fuel efficiency and lower emissions, making them ideal for diverse applications. Both engine types contribute significantly to maritime transport, offering a balance between power and environmental considerations, crucial for the global shipping industry's efficiency, reliability, and sustainability. As per Nautilus Shipping, approximately 75% of marine engines belong to the four-stroke category, yet two-stroke engines generate 75% of the total power share in the marine engine sector.
The demand for crude oil, particularly heavy fuel oil, influences the market for marine engines. As a primary fuel source for maritime vessels, heavy fuel oil powers marine engines, propelling ships across the globe. Despite environmental concerns associated with its combustion, its widespread availability and cost-effectiveness contribute to its continued use. The market's impeccable reliance on heavy fuel oil reflects the balance between energy efficiency, economic considerations, and the ongoing quest for more sustainable alternatives in the maritime industry.
For instance, in March 2023, The Indian Oil Corporation (IOCL), a government-owned entity, entered into a term agreement with the Russian oil giant Rosneft to boost crude oil trading between the two nations. Additionally, discussions occurred regarding the possibility of conducting transactions for India's crude oil purchases from Russia using their respective national currencies.
Global trade heavily relies on maritime transportation, where various watercraft, including engine-driven boats, fall under the category of marine vehicles utilizing marine engines. These vehicles serve diverse purposes, encompassing commercial, security, and private uses. Ocean shipping is the predominant mode of transportation for international trade, with approximately 80% of globally traded commodities' volume being transported by water, a percentage even higher for many developing nations, as reported by UNCTAD. Compared to air, rail, and road transport, maritime transportation is a more cost-effective and practical choice for international trade. Projections indicate a modest annual growth in the world's marine engines from 2022 to 2026.
The emergence of cutting-edge maritime sensors will create significant opportunities within the marine engines market. These advanced sensors are poised to revolutionize the industry by offering enhanced capabilities and functionalities. Their integration into marine engines is expected to unlock extensive prospects for improved maritime operations performance, efficiency, and safety. This transformative development signifies a pivotal shift towards leveraging advanced technologies to meet the evolving demands and challenges in the marine engines market, thereby shaping a future of increased innovation and efficiency.
For instance, in June 2023, Northrop Grumman Corporation secured a production contract from the United States Navy for the advanced AN/WSN-12 Inertial Sensor Module (ISM). This next-generation sensor, designed for both surface ships and submarines, enhances maritime navigation in areas where Global Positioning System (GPS) signals are unavailable. The AN/WSN-12 ISM promises increased precision and performance for military personnel by providing advanced capabilities in GPS-denied environments.
Asia Pacific's dominance in the global marine engines market is attributed to its robust economic growth, flourishing maritime trade, and expanding industrialization. The region's thriving shipbuilding sector, supported by major players, technological advancements, and proactive governmental initiatives promoting maritime infrastructure, has fueled its leadership. In terms of demand, production capabilities, and innovation, Asia Pacific stands out from the rest, thereby shaping the overall trajectory of the marine engines market. This comprehensive leadership emphasizes the region's pivotal role in steering the industry forward, thereby positioning it as a key driver of global maritime technologies and solutions.
For example, in January 2023, China developed the largest marine engine globally, weighing 2,140 tons and delivering 64,000 kilowatts of power. Utilizing natural gas as its primary fuel source, the engine exhibits significantly reduced exhaust emissions, demonstrating increased environmental friendliness.
Government initiatives are vital for the marine engine market's progress. They ensure adherence to regulations and encourage innovation in the maritime sector. These actions support the industry by promoting sustainable practices, meeting stringent emission standards, and advancing research and development. Moreover, government backing is key in enhancing the market's competitiveness and resilience. It creates an environment favorable to technological advancements by investing a hefty sum of money, amplifying market growth.
In July 2023, the Indian government announced an investment worth USD 121.95 billion in the country's maritime sector. The government also declared India's proactive efforts in developing 5,000 kilometers of multi-country waterways, a substantial initiative to enhance maritime trade and transportation connectivity throughout the nation.
Before the COVID-19 pandemic, the global marine engines market was on a growth trajectory, due to increasing maritime trade and technological advancements. However, the outbreak led to a severe contraction, disrupting supply chains, delaying projects, and reducing the demand for marine transportation. In the post-COVID-19 scenario, the market gradually recovers as vaccination efforts progress and global trade rebounds. Moreover, the industry is adapting and integrating digital technologies for remote monitoring and maintenance, enhancing operational efficiency. Furthermore, there is an increased focus on sustainability, with stringent emission regulations, which is driving the demand for eco-friendly marine engines. The present situation reflects a robust industry steering through the adversities via innovation, sustainability measures, and an evolving economic landscape.
The Russia-Ukraine war had a significant impact on the marine engine market. The conflict has raised geopolitical uncertainties, affecting international trade routes and maritime activities. Disruptions in the supply chain, particularly with key manufacturers and suppliers in the region, have led to challenges in production and delivery schedules for marine engines. Fluctuating fuel prices, driven by geopolitical tensions, further add to the market's volatility. Additionally, the conflict has prompted a reassessment of strategic priorities, potentially influencing investments in naval capabilities and defense-related maritime technologies. As the situation evolves, the market is navigating uncertainties, with potential shifts in demand, supply dynamics, and geopolitical considerations.
The marine engines industry is rapidly advancing as leading companies amplify their investments in maritime sensors, heavy fuel oil, and related technologies. Furthermore, these enterprises commit substantial resources to elevate their market footprint and bolster profitability. Actively engaging in collaborations, acquisitions, and partnerships, these companies are reshaping the industry's landscape and accelerating the market's overall expansion.
In July 2023, MAN Energy Solutions S.E., MAN Energy Solutions, a multinational engine company based in Germany, reported the successful trial of a novel marine combustion engine powered entirely by ammonia. This engine, designed for deployment on sizable commercial and merchant marine vessels, offers a sustainable alternative to conventional carbon-emitting gas and diesel engines, aligning with the shipping industry's efforts to support a global net-zero agenda. MAN Energy Solutions, known for producing traditional engines, contributes to environmentally conscious advancements in maritime propulsion technology.
In July 2023, in Istanbul, Turkey, GE Marine forged an agreement with TAIS OG-STM Is OrtaklIgI to provide the LM2500 marine gas turbine engine enclosed in an innovative lightweight composite structure for the Istif-Class frigates, specifically designated as vessels 6, 7, and 8 within the Turkish MILGEM Project. The adoption of this composite enclosure, previously featured on the United States Navy's USS Santa Barbara, signifies a significant upgrade chosen by the Turkish Navy for the redesigned frigates over the conventional steel engine enclosure, presenting a range of distinct advantages.
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.