The Global Military Marine Vessel Engines Market Report for 2018.
The Global Military Marine Vessel Engines Market has been growing at the CAGR of close to 4.2% during forecast period of 2017-2026. Increase in the procurement of the engines as well as increasing interest for the hybrid turbochargers as well as the electric propulsion systems has been driving market growth. But, a slowdown in the oil industry has been restraining this market. Military marine vessel engines are ship equipment that gets to be used to run the ship by making use of the mechanical system which generates thrust to be able to move the ship or even boat across the water.
Based on the propulsions systems, the diesel propulsion system is most used marine propulsion system being able to convert the mechanical energy from the thermal forces. The diesel propulsions systems have mainly been used in almost the various kinds of vessels along with the small boats as well as the recreational vessels.
In the North America region for being able to maintain the military supremacy as well as the national security, military marine vessel procurement in the United States has increased over the past few years. Increase in the naval vessels has been expected to go on and create an impact on military marine vessels engine market during the forecast period.
Some of the key players when it comes to the military vessel engines market are Caterpillar, Cummins Inc., General Electric Company, Steyr Motors Co Ltd , ODK-Saturn PJSC, MAN Energy Solutions, Wartsila, STX Engine Co Ltd, , and Zorya-Mashproyekt (Ukroboronprom), Fairbanks Morse, Hyundai Heavy Industries, Rolls-Royce Holding PLC , Mitsubishi Heavy Industries.
Some of the propulsions covered include the hybrid propulsion, the water jet propulsion, diesel propulsion, and the gas turbine propulsion. This report has also covered the vessels including amphibious warfare ships, frigates, destroyers among other vessels. The report has also gone on and covered regions. Some of the regions that have been covered include North America (Mexico), (US), (Canada), Europe (UK, Germany, Italy, Spain, France and the rest of Europe).
When it comes to the Asia Pacific, several countries have been covered including Japan, India, China, New Zealand, Australia, South Korea and the rest of the Asia Pacific. South America covers Chile, Brazil, Argentina and the rest of South America.
The report has not forgotten the Middle East as well as Africa. Here, the report covers South Africa, Qatar, Saudi Arabia, UAE and the rest of the Middle East as well as Africa.