PUNE, India, January 13, 2017 /PRNewswire/ --

The report "Marine Engines Market by Power'000 HP (up to 1HP, 1-5HP, 5-10HP, 10-20HP & Above 20HP), Vessel Type (Commercial & Offshore Support Vessels), Fuel (Heavy Fuel, Intermediate Fuel, Marine Diesel & Marine Gas Oil), & Region - Global forecast to 2021" published by MarketsandMarkets, the global market is expected to grow from an estimated USD 11.14 Billion in 2016 to USD 13.53 Billion 2021 at a CAGR of 3.85%.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 75 market data Tables and 49 Figures spread through 165 Pages and in-depth TOC on "Marine Engines Market"

http://www.marketsandmarkets.com/Market-Reports/marine-engine-market-261640121.html

Early buyers will receive 10% customization on this report 

Growth in the Marine Engines Market will be majorly driven by rise in the ship-building industry as well as increased maritime trade and stringent emission norms.

Asia-Pacific will dominate the Marine Engines Market 

Asia-Pacific will remain the largest market for marine engines for the projected period 2016 to 2021. The growth will be mainly driven by rise in the ship-building industry in China as well as Japan and South Korea. China, Japan, and South Korea constituted more than 80% of ship-building activity in 2015, and more investments, particularly in China, for the ship-building industry. Another factor attributing to the growth will be rise in maritime trade in South-east Asia spearheaded by China and other emerging economies in the region such as Indonesia.

Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=261640121

Commercial vessels will continue to remain the largest market for marine engines by vessel type 

Commercial vessels, as a consequence of increased ship-building orders for gas carriers and bulk carriers, will continue have the largest market share for marine engines by vessel type, largely driven by rising economic growth in South Asia and South-east Asia. There will also be an increased demand for pleasure vessels in Europe and North America especially in yachts and luxury cruises.

Make an Enquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=261640121

Stringent emission norms will increase demand for gas-powered and dual-fuel marine engines 

HFO (Heavy Fuel Oil) based marine engines have always dominated the Marine Engines Market, and will continue to hold the larger share in the Marine Engines Market segment by fuel type. With, recent emission norms announced by IMO and other organizations such as US EPA, there will be an increase in share of the cleaner-fuel mix segments of marine engines as a result of an increased demand for marine engines based on IFO, MDO, MGO, and dual-fuel marine engines as well as gas-powered marine engines.

Major market players 

Major market players covered are MAN Diesel & Turbo SE (Germany), Wärtsilä (Finland), Caterpillar, Inc. (U.S.), Mitsubishi Heavy Industries (Japan), and Rolls-Royce Power Systems AG (Germany) and others.

Browse Related Report:  

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

http://www.marketsandmarkets.com/Market-Reports/marine-genset-market-89771436.html

Marine Fuel Injection System Market by Application (Inland Waterways, Commercial Vessels and Offshore Support Vessels), by Component (Fuel Injector, Fuel Valves, Fuel Pump and Others), by HP Range and by Region - Trend and Forecasts to 2021

http://www.marketsandmarkets.com/Market-Reports/marine-fuel-injection-system-market-78212165.html

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets