Growth of Marine Hybrid Propulsion Market 2014 - 2022

Transparency Market

Research

Marine Hybrid Propulsion Market - Global Industry Analysis,

Size, Share, Growth, Trends, and Forecast 2014 - 2022

Published Date

22-June-2015

139 Page Report

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Press Release

Marine Hybrid Propulsion Market Revenue is anticipated to Reach

USD 4,455.88 Million by 2022:Transparency Market Research

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Marine Hybrid Propulsion Market

REPORT DESCRIPTION

Marine Hybrid Propulsion Market - Global Industry Analysis, Size, Share, Growth, Trends, and

Forecast 2014 - 2022

Transparency Market Research has released a new market report titled Marine Hybrid Propulsion Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022. According to this report,

The global revenue for marine hybrid propulsion systems stood at USD 2,240.00 million in 2013 and is

expected to reach USD 4,455.88 million by 2022 at a CAGR of 8.02% from 2014 to 2022.

Browse Marine Hybrid Propulsion Market Report with Full TOC at

http://www.transparencymarketresearch.com/marine-hybrid-propulsion-market.html

The primary beneficiaries of the flexibility of marine hybrid propulsion systems are marine vessels with

several varying load profiles. Vessel operators are facing several operational challenges in the face of

growing environmental restrictions and fluctuating fuel prices. Investment in marine hybrid propulsion

systems is an effective means to meet the current marine operating requirements. Fuel charges account

for a significant share of a vessel’s operating expenditure. As a result, shipping liners are adopting efficient

fuel technologies such as hybrid propulsion to increase profit margins. In this report, marine vessels have

been broadly segmented into four categories on the basis adoption of marine hybrid...