Rising demand for high-value pleasure vessels such as yachts
and cruise ships is estimated to drive the growth of market over the next six
years. Additionally, increasing demand
for commercial boats and ships engaged in transportation and trade is anticipated
to trigger growth in the industry.The demand for bio-diesel generator sets
is estimated to escalate over the forecast period and is anticipated to
contribute significantly to industry expansion. Increasing emphasis on adoption
of non-conventional & renewable sources of energy and the need for
minimizing vessel emissions can be attributed as a major reason for rise in
demand for bio-diesel generator sets. Rising oil prices and high maintenance
costs are expected to affect the demand for diesel based gensets.
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The marine generator sets industry can be classified on the
basis of end-use vertical into three types; pleasure or leisure, commercial,
and defense vessel segments. Pleasure vessels include cruise ships, ferries,
sports & sailing yachts, ocean liners, and catamaran watercrafts.
Continuous surge in leisure and recreational activities is projected to
increase the demand for generator sets in pleasure vessel category.
Commercial vessels comprise bulk carriers, auto carriers,
cargo ships, merchant ships, reefers, tankers & super tankers, and tug
boats. An increase in seaborne trade and freight carriages presumed to
positively impact the industry growth. Cargo ships are being used increasingly
in maritime business activities and it has helped in maintaining the industry
prospects upbeat. Naval warfare and maritime defense along with monitoring,
control & surveillance activities in international waters is predicted to
propel the demand for defense vessels. Defense vessels mainly include guide
missile cruisers, aircraft carriers, mine sweepers & hunters, and coast-
guard & police- patrolling vessels. An overall increase in defense spending
across the globe is anticipated to lead the growth of generator sets in defense
vessels segment.
Marine generator sets can be
segmented on the basis of power generation capacity into three types; capacity
less than 500 kW, 501-1000 kW and 1001-3000 kW capacity. Generator sets with
power generation capacity less than 500 kW are widely used in small watercrafts
and pleasure vessels.
Marine generator sets are expected to gain prominence in the
Asia Pacific region owing to emerging demand for hybrid generator sets in
countries such as Japan and China as such gensets emit fewer greenhouse gases
and use clean technology. Hybrid
generator sets produce power through solar energy and bio-fuel such as
bio-diesel and subsequently contribute in creating a sustainable environment.
Expansion of the shipbuilding industry in countries such as China, Japan and
South Korea is expected to impel growth in the Asia Pacific region. Low labor
costs and increased government spending on ship building activities can be
attributed as a major reason for this rise.
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Power generation activities along with oil and gas
exploration and extraction processes is anticipated to emerge as a key driving
factor for ships and commercial vessel manufacturing in the European region.
High competition from low-cost vendors selling brushless marine generator sets
has hampered the growth opportunities. Moreover, the onset of financial crisis
combined with Eurozone recession has affected the demand for commercial vessels
and has consequently lowered the demand for gensets in the European region.
Growing dependence on road haulage owing to faster on-site
goods transport has led to a decline in seaborne trade and is consequently
lowering the demand for such gensets. Moreover, rising fuel prices and
political & economic instability may restrict the opportunities of industry
expansion. High competition from low-cost manufacturers could pose a challenge
to the growth of market. Key vendors dominating the marine gensets market are
ABB Group, Broadcrown Ltd., Caterpiller, Inc., Cummins, Inc., Delta Marine
Industries Inc., Generac Power Systems, Inc., General Electric Company, JCB
Ltd., Kohler Co., Lees Group Ltd., Man Diesel & Turbo SE, Mitsubishi Group,
Siemens AG, and Yanmar Co. Ltd.
Market Segment:
This report studies
Marine Gensets in Global market, especially in North America, Europe, China,
Japan, Southeast Asia and India, focuses on top manufacturers in global market,
with capacity, production, price, revenue and market share for each
manufacturer, covering
• Cummins
• Mitsubishi
• Caterpillar
• Man Diesel & Turbo SE
• Valley Power Systems
• Volvo
• Kohler….
Split by product
type, with production, revenue, price, market share and growth rate of each
type, can be divided into
• Diesel Fuel
• Gas Fuel
• Hybrid Fuel
• Others
Split by application,
this report focuses on consumption, market share and growth rate of Marine
Gensets in each application, can be divided into
• Commercial Vessels
• Offshore Support Vessels
• Defense Vessels
• Others
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Table of Contents
1 Marine Gensets Market Overview
2 Global Marine Gensets Market Competition by Manufacturers
3 Global Marine Gensets Production, Revenue (Value) by
Region (2012-2017)
4 Global Marine Gensets Supply (Production), Consumption,
Export, Import by Regions (2012-2017)
5 Global Marine Gensets Production, Revenue (Value), Price
Trend by Type
6 Global Marine Gensets Market Analysis by Application
7 Global Marine Gensets Manufacturers Profiles/Analysis
8 Marine Gensets Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Marine Gensets Market Forecast (2017-2022)
13 Research Findings and Conclusion
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