The "Global Marine Engines Market By Application (Commercial & Others), By Type (Main Propulsion & Auxiliary Engine), By Engine Power Rating (<750 kW, 751-4000 kW, 4001-8000 kW & >8000 kW), By Region, Competition Forecast & Opportunities, 2013-2023" report has been added to ResearchAndMarkets.com's offering.
Overview
The global marine engines market is projected to reach US$15.5 billion by 2023, backed by growing demand for marine engines across commercial and defence applications.
Growing trend of market consolidation, technological developments, and increasing use of environment friendly LNG-fuelled engines are among the key factors that are expected to positively influence the marine engines market, globally, during forecast period. Moreover, anticipated growth in the market can be attributed to increasing investment in optimised vessel efficiency and rise in refurbishment of pre-owned marine engines to address rising demand from emerging economies.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/04072018/global-marine-engines-market-analysis-forecasts-2013-2023/