HOME Top Market Reports Marine Gensets Market by Vessel type (Commercial vessel, Defense vessel, & Offshore vessels), Fuel (Diesel fuel, Gas fuel, & Hybrid fuel), Rating (less than 1,000kW, 1,001-3,000 kW, 3,001-10,000kW & more than 10,000kW) & Region - Global Forecast to 2021

Marine Gensets Market by Vessel type (Commercial vessel, Defense vessel, & Offshore vessels), Fuel (Diesel fuel, Gas fuel, & Hybrid fuel), Rating (less than 1,000kW, 1,001-3,000 kW, 3,001-10,000kW & more than 10,000kW) & Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: EP 4887

 

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The global marine gensets market was estimated at USD 4.35 Billion in 2015 and estimated to grow at a CAGR of 3.71% from 2016 to 2021. Rise in commercial vessels manufacturing and ship-building, are the major factors driving the growth in the marine gensets market. The years considered for the study are as follows:

  • Historical Year – 2014
  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global marine gensets market by vessel type, fuel, power, and region
  • To provide detailed information regarding major factors influencing the growth of the marine gensets market (drivers, restraints, opportunities, industry-specific challenges related to the market)
  • To strategically analyze the marine gensets market with respect to individual growth trends, current scenario, future prospects, and contribution of each segment to the market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product launches, mergers & acquisitions, and joint ventures & collaborations in the marine gensets market

Research Methodology

on organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology. This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global marine gensets market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certificati

  • Study of annual revenue and market developments of major players providing marine gensets
  • Assessment of future trends and growth of these solutions
  • Assessment of marine gensets market with respect to the different fuel-type
  • Study of market trends in various regions/countries by vessel typeof marine gensets in types of commercial vessels, offshore vessels, defense vessels and other vessel types.
  • Study of growth strategies related to marine gensets for key players, across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing marine gensets across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure given below shows the breakdown of primaries on the basis of company type, designation, and region, conducted during the research study.

Marine Gensets Market

Marine Gensets Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the marine gensets market begins with raw material suppliers or ancillary parts, which include alternator and engines among others. In the later stage, manufacturing of marine gensets takes place where all ancillary parts are assembled. These gensets are then distributed to shipbuilding companies and installed for supplying power to the vessels.

Target audience

The report’s target audience includes:

  • Marine gensets manufacturers
  • Ship-building companies
  • Marine gensets ancillary parts suppliers
  • Government and Industry Associations
  • Investment and Consulting Firms

Scope of the Report:

  • By Vessel Type
    • Commercial vessels
    • Offshore support vessels
    • Defense vessels
    • Others
  • By Fuel
    • Diesel Fuel
    • Gas Fuel
    • Hybrid Fuel
    • Others
  • By Power
    • Up to 1,000 kW
    • 1,001 HP to 3,000 kW
    • 3,001 HP to 10,000 kW
    • Above 10,001 kW
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East and Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report

Vendor Dive Matrix

Competitive Benchmarking of 25 players with respect to Product offering and Business strategy.

Regional Analysis

  • Further breakdown of region/country-specific analysis
  • Further breakdown of region based on sub-segment of application (by vessel type)
  • Regional analysis of fuel type, and power

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Power Rating-wise Analysis

  • Further breakdown of HP range
  • Detailed analysis as per speed of marine gensets for particular HP range

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 27)
    3.1 Historical Backdrop
    3.2 Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 32)
    4.1 Marine Gensets Market, By Capacity
    4.2 Marine Gensets Market, By Vessel Type
    4.3 Asia-Pacific: the Largest Market During the Forecast Period
    4.4 Marine Gensets, By Fuel
    4.5 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Marine Gensets: Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increase in the Number of Container Ships & Gas Carrier Marine Freight Across the World
                    5.3.1.2 Rise in High Value Pleasure Vessels
           5.3.2 Restraints
                    5.3.2.1 Stringent Emission Norms for Diesel-Engine Powered Marine Gensets
                    5.3.2.2 Decreased Oil & Gas Activity has Resulted in Reduction of Fpso and Offshore Vessels for the Oil & Gas Sector
           5.3.3 Opportunities
                    5.3.3.1 Rising Demand for Hybrid-Fuel Powered Marine Gensets
           5.3.4 Challenges
                    5.3.4.1 Competition From Low-Cost Vendors
                    5.3.4.2 Rise of Green Cell Shipping

6 Marine Gensets Market, By Vessel Type (Page No. - 43)
    6.1 Introduction
    6.2 Commercial Vessels
    6.3 Offshore Vessels
    6.4 Defense Vessels
    6.5 Other Vessels

7 Marine Gensets Market, By Fuel (Page No. - 48)
    7.1 Introduction
    7.2 Diesel
    7.3 Gas
    7.4 Hybrid

8 Marine Gensets Market, By Capacity (Page No. - 52)
    8.1 Introduction
    8.2 Up to 1,000kW Segment
    8.3 1,001-3,000kW Segment
    8.4 3,001-10,000kW Segment
    8.5 Above 10,000kW Segment

9 Marine Gensets Market, By Region (Page No. - 56)
    9.1 Introduction
    9.2 North America
           9.2.1 By Capacity
           9.2.2 By Vessel Type
           9.2.3 By Fuel
           9.2.4 By Country
                    9.2.4.1 The U.S.
                    9.2.4.2 Canada
                    9.2.4.3 Mexico
    9.3 South America
           9.3.1 By Capacity
           9.3.2 By Vessel Type
           9.3.3 By Fuel
           9.3.4 By Country
                    9.3.4.1 Argentina
                    9.3.4.2 Brazil
    9.4 Europe
           9.4.1 By Capacity
           9.4.2 By Vessel Type
           9.4.3 By Fuel
           9.4.4 By Country
                    9.4.4.1 Poland
                    9.4.4.2 Germany
                    9.4.4.3 The Netherlands
                    9.4.4.4 France
                    9.4.4.5 Italy
                    9.4.4.6 Rest of Europe
    9.5 Asia-Pacific
           9.5.1 By Capacity
           9.5.2 By Vessel Type
           9.5.3 By Fuel
           9.5.4 By Country
                    9.5.4.1 China
                    9.5.4.2 Japan
                    9.5.4.3 India
                    9.5.4.4 Australia
                    9.5.4.5 South Korea
                    9.5.4.6 Rest of Asia-Pacific
    9.6 Middle East
           9.6.1 By Capacity
           9.6.2 By Vessel Type
           9.6.3 By Fuel
           9.6.4 By Country
                    9.6.4.1 Saudi Arabia
                    9.6.4.2 UAE
                    9.6.4.3 Iran
                    9.6.4.4 Qatar
                    9.6.4.5 Rest of Middle East
    9.7 Africa
           9.7.1 By Capacity
           9.7.2 By Vessel Type
           9.7.3 By Fuel
           9.7.4 By Country
                    9.7.4.1 Nigeria
                    9.7.4.2 South Africa

10 Competitive Landscape (Page No. - 88)
     10.1 Overview
     10.2 Competitive Situation & Trends
             10.2.1 Contracts & Agreements
             10.2.2 New Product/Technology Developments
             10.2.3 Mergers & Acquisitions
             10.2.4 Expansions
             10.2.5 Joint Ventures & Partnerships and Others

11 Company Profile (Page No. - 95)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     11.1 Introduction
     11.2 Cummins, Inc.
     11.3 Mitsubishi Heavy Industries
     11.4 Caterpillar, Inc.
     11.5 Man Diesel & Turbo SE
     11.6 Valley Power Systems, Inc.
     11.7 Volvo Group
     11.8 Kohler Co.
     11.9 Deutz AG
     11.10 Yanmar Co., Ltd.
     11.11 ABB Ltd.
     11.12 Wärtsilä Corporation
     11.13 Dresser Rand
     11.14 Daihatsu Diesel MFG. Co., Ltd.
     11.15 Rolls-Royce Power System AG
     11.16 Solé Diesel

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 149)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (71 Tables)

Table 1 Marine Gensets Market, By Vessel Type, 2014–2021 (USD Million)
Table 2 Commercial Vessel: Marine Gensets Market, By Region, 2014–2021 (USD Million)
Table 3 Offshore Vessel: Marine Gensets Market, By Region , 2014–2021 (USD Million)
Table 4 Defense Vessel: Marine Gensets Market, By Region, 2014–2021(USD Million)
Table 5 Other Vessels: Marine Gensets Market, By Region, 2014–2021(USD Million)
Table 6 Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 7 Diesel: Marine Gensets Market, By Region, 2014–2021 (USD Million)
Table 8 Gas: Marine Gensets Market, By Region, 2014–2021 (USD Million)
Table 9 Hybrid: Marine Gensets Market, By Region, 2014–2021 (USD Million)
Table 10 Marine Gensets Market, By Capacity, 2014-2021 (USD Million)
Table 11 Marine Gensets Market, 0–1,000kW, By Region, 2014–2021 (USD Million)
Table 12 Marine Gensets Market, 1,001-3,000kW, By Region, 2014–2021 (USD Million)
Table 13 Marine Gensets Market, 3,001-10,000kW, By Region, 2014–2021 (USD Million)
Table 14 Marine Gensets Market, Above 10,000kW, By Region, 2014–2021 (USD Million)
Table 15 Marine Gensets Market, By Region, 2014–2021 (USD Million)
Table 16 Diesel: Marine Gensets Market, By Top Countries, 2014–2021 (USD Million)
Table 17 Gas: Marine Gensets Market, By Top Countries, 2014–2021 (USD Million)
Table 18 Hybrid: Marine Gensets Market, By Top Countries, 2014–2021 (USD Million)
Table 19 North America: Marine Gensets Market, By Capacity, 2014–2021 (USD Million)
Table 20 North America: Marine Gensets Market, By Vessel Type, 2014–2021 (USD Million)
Table 21 North America: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 22 North America: Marine Gensets Market, By Country, 2014–2021 (USD Million)
Table 23 U.S.: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 24 Canada: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 25 Mexico: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 26 South America: Marine Gensets Market, By Capacity, 2014–2021 (USD Million)
Table 27 South America: Marine Gensets Market, By Vessel Type, 2014–2021 (USD Million)
Table 28 South America: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 29 South America: Marine Gensets Market, By Country, 2014–2021 (USD Million)
Table 30 Argentina: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 31 Brazil: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 32 Europe: Marine Gensets Market, By Capacity, 2014–2021 (USD Million)
Table 33 Europe: Marine Gensets Market, By Vessel Type, 2014–2021 (USD Million)
Table 34 Europe: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 35 Europe: Marine Gensets Market, By Country , 2014–2021 (USD Million)
Table 36 Poland: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 37 Germany: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 38 Netherlands: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 39 France: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 40 Italy: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 41 Rest of Europe: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 42 Asia-Pacific: Marine Gensets Market, By Capacity, 2014–2021 (USD Million)
Table 43 Asia-Pacific: Marine Gensets Market, By Vessel Type, 2014–2021 (USD Million)
Table 44 Asia-Pacific: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 45 Asia-Pacific: Marine Gensets Market, By Country, 2014–2021 (USD Million)
Table 46 China: Marine Gensets Market, By Fuel ,2014–2021 (USD Million)
Table 47 Japan: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 48 India: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 49 Australia: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 50 South Korea: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 51 Rest of the Asia-Pacific: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 52 Middle East: Marine Gensets Market, By Capacity, 2014–2021 (USD Million)
Table 53 Middle East: Marine Gensets Market, By Vessel Type, 2014–2021 (USD Million)
Table 54 Middle East: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 55 Middle East: Marine Gensets Market, By Country, 2014–2021 (USD Million)
Table 56 Saudi Arabia: Marine Gensets Market, By Fuel 2014–2021 (USD Million)
Table 57 UAE: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 58 Iran: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 59 Qatar: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 60 Rest of Middle East: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 61 Africa: Marine Gensets Market, By Capacity, 2014–2021 (USD Thousand)
Table 62 Africa: Marine Gensets Market, By Vessel Type, 2014–2021 (USD Thousand)
Table 63 Africa: Marine Gensets Market, By Fuel, 2014–2021 (USD Thousand)
Table 64 Africa: Marine Gensets Market, By Country, 2014–2021 (USD Thousand)
Table 65 Nigeria: Marine Gensets Market, By Fuel, 2014–2021 (USD Thousands)
Table 66 South Africa: Marine Gensets Market, By Fuel, 2014–2021 (USD Million)
Table 67 Contracts & Agreements, 2014-2016
Table 68 Product Developments, 2014–2015
Table 69 Mergers & Acquisitions, 2016
Table 70 Expansions, 2015
Table 71 Joint Ventures & Partnerships, 2013-2016


List of Figures (45 Figures)

Figure 1 Markets Covered: Marine Gensets Market
Figure 2 Marine Gensets Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Asia–Pacific Was the Largest Market in 2015
Figure 8 Marine Gensets Market, By Vessel Type, 2016 & 2021 (USD Million)
Figure 9 0-1000kW Segment is Expected to Account for the Maximum Share During the Forecast Period
Figure 10 Diesel Fuel is Expected to Be the Largest Service in 2021
Figure 11 Marine Gensets Market Snapshot: Asia-Pacific is Expected to Exhibit the Highest Growth Rate in Next 5 Years
Figure 12 Top Market Development (2014–2016)
Figure 13 Attractive Market Opportunities in the Marine Gensets Market
Figure 14 Commercial Vessels to Lead the Market During 2016–2021
Figure 15 Commercial Vessels Segment is Estimated to Dominate the Marine Gensets Market By 2021
Figure 16 India and Germany are Expected to Have the Highest Growth Rate During the Forecast Period
Figure 17 Diesel Fuel is Expected to Dominate the Marine Gensets Market During the Forecast Period
Figure 18 Asia-Pacific is in Growth Stage While Europe is Moving Towards Maturity
Figure 19 Marine Gensets Market Segmentation: By Rated Capacity, Vessel Type, Fuel, & Region
Figure 20 Market Dynamics for Marine Gensets Market
Figure 21 Growth By Shipping Vessel Type By Dead Weight Tonnage From 2015 to 2016
Figure 22 Regional Snapshot: Growth Rate of Marine Gensets Market in Key Countries, From 2016 to 2021
Figure 23 The European Marine Gensets Market is Expected to See Significant Growth From 2016 to 2021
Figure 24 Asia-Pacific: Regional Snapshot
Figure 25 Companies Adopted Contracts & Agreements and New Product/Service/Technology Developments to Capture the Market
Figure 26 Battle for Market Share: Contracts & Agreements Was the Key Strategy, 2013–2016
Figure 27 Caterpillar Accounted for the Maximum Share in the Marine Gensets Market, 2015
Figure 28 Market Evaluation Framework: Contracts & Agreements, Expansions & Investments, and Joint Ventures & Partnerships Fueled the Growth of Companies From 2013 to 2016
Figure 29 Regional Revenue Mix of Top Five Players
Figure 30 Cummins, Inc.: Company Snapshot
Figure 31 Cummins, Inc.: SWOT Analysis
Figure 32 Mitsubishi Heavy Industries: Company Snapshot
Figure 33 Mitsubishi Heavy Industries: SWOT Analysis
Figure 34 Caterpillar, Inc.: Company Snapshot
Figure 35 Caterpillar Inc.: SWOT Analysis
Figure 36 Man Diesel & Turbo SE: Company Snapshot
Figure 37 Man Diesel & Turbo SE: SWOT Analysis
Figure 38 Volvo Group: Company Snapshot
Figure 39 Deutz Ag.: Company Snapshot
Figure 40 Yanmar Co., Ltd.: Company Snapshot
Figure 41 ABB Ltd.: Company Snapshot
Figure 42 Wärtsilä Corporation: Company Snapshot
Figure 43 Wärtsilä Corporation: SWOT Analysis
Figure 44 Daihatsu Diesel MFG. Co., Ltd.: Company Snapshot
Figure 45 Rolls-Royce Power System AG: Company Snapshot

The global marine gensets market is forecasted to grow at a CAGR of 3.71% from 2016 to 2021 and reach a value of USD 5.40 Billion by 2021. The growth will be mainly driven by increased commercial vessels, and rise in ship-building activity. The new ship-buildings were dominated by dry bulk carriers and container ships in China and Japan with South Korea dominating in container ships and gas carrier.

Marine gensets are used in various vessel types such as commercial vessels, offshore support vessels, defense vessels and other vessel types. The report shows that there is high demand for commercial vessels, acts as a factors that will drive the growth of marine gensets market. The reports is further sub-segmented into commercial vessels by types such as bulkers, container ships, cargo vessels, LNG carriers, LPG carriers, pure car carriers, chemical carriers. The commercial vessel demand will grow because of maritime trade and increased world-wide demand for natural gas.

The report segments the marine gensets market by fuel type. Diesel fuel dominates the marine gensets segment by fuel type. However, with stringent emission norms coming into effect, there will be an increase in the demand for cleaner-fuels such as IFO, MDO, and MGO..

The report segments the marine gensets market by power ratings. Up to 1,000 kW is the most prominent segment by power ratings. This range is used in commercial vessel and offshore vessel. Maritime trade accounted for nearly 90% of the global trade in 2015. Commercial vessels are used in maritime trade, which leads to an increase in marine gensets market particularly for medium and low capacity.

The report also segments the marine gensets market into six regions, namely, North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America. Asia-Pacific region is expected to dominate the marine gensets market and is also expected to be the fastest growing in the projected period. The marine gensets market is mainly driven by the rise of ship-building industry, especially in China, South Korea, and Japan, which accounted for more than 80% of new-builds in 2015. China will be the fastest growing market for marine gensets with growing investments in the ship-building industry.

Marine Gensets Market

The marine gensets restraint mainly because of stringent emissions norms for diesel engine powered by marine gensets and decreased in oil and gas activity has resulted in reduction of FPSO and offshore vessel.

The marine gensets market is dominated by global players which include MAN Diesel & Turbo SE (Germany), Wärtsilä (Finland), Caterpillar, Inc. (U.S.), Mitsubishi Heavy Industries (Japan) and Rolls-Royce Power Systems AG (Germany). Key strategies adopted by various companies include contracts & agreements, new product launch, expansions, mergers & acquisitions and joint ventures. Contracts & agreements was the most commonly used strategy from 2014 to 2016, comprising of 57% of all developments, followed by new product launch which consisted of 24% of all developments during the same period.

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