Asia-Pacific will dominate the marine engines market largely due to rise in ship-building activity in China, South Korea, and Japan.

The marine engines market is projected to reach USD 13.53 billion by 2021, growing at a CAGR of 3.85% from 2016 to 2021.

To know about the assumptions considered for the 165 pages study, get sample copy@ http://www.rnrmarketresearch.com/contacts/request-sample?rname=445729

The report segments marine engines by Vessel Type (Commercial and Offshore support vessels), by Fuel (Heavy Fuel Oil, Intermediate Fuel Oil, Marine Diesel Oil, Marine Gas Oil & Other fuels), by Power (up to 1,000 HP, 1,001 to 5,000 HP, 5,001 to 10,000 HP, 10,000 to 20,000 HP and above 20,000 HP) and by Region.

Asia-Pacific dominates the global marine engines market

Asia-Pacific will dominate the marine engines market largely due to rise in ship-building activity in China, South Korea, and Japan. These countries already constitute the largest share in ship-building together, with more than 80% share in worldwide ship-building in 2015. Furthermore, due to increase in maritime trade and investments in the ship-building industry in China and South Korea, along with the rising economy in south-east Asia, more orders for gas carriers and cargo vessels are expected. Thus, increasing the share for the commercial vessel segment.  Inquire For Complete Report Copy of 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 at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=445729

Increased demand of commercial vessels and rise in ship-building industry will drive the growth in the marine engines market. A slowdown in the oil & gas industry has been identified as a major restraint for the market along with stringent emission norms.

“Commercial vessels: The fastest growing segment of marine engines by vessel type”

Commercial vessels including bulk cargo carriers, gas carrier vessels, and pleasure vessels will have an increased demand largely due to economic recovery in China and developed economies as well as recovery of the oil & gas industry since the 2015 slow-down.

The Target Audience Of This Report Includes:

• MCB & MCCB Manufacturing Companies
• State and National Regulatory Authorities
• Builders and Contractors
• Process and Manufacturing Plants
• Power Distribution Utilities
• Government and Industry Associations
• State- or Government-Owned Corporations
• Investment and Consulting Firms

The MCB and MCCB ecosystem comprises of power and automation technology companies such as  ABB Ltd. (Switzerland), Schneider Electric (France), Fuji Electric Co., Ltd. (Japan), Legrand (France), Hitachi, Ltd. (Japan), Rockwell Automation, Inc. (U.S.), among others; industry and energy companies such as WEG (Brazil), Chint Group (China) among others; manufacturing and engineering companies such as Siemens AG (Germany), General Electric (U.S.), among others; power management companies such as Eaton Corporation Plc. (Ireland), Huayi Electric Co., Ltd. (China), Noark Electric (China) among others

 “Marine engines Market” spread across 165 pages, profiling 15+ companies and supported with 75 tables and 49 figures is Direct Order this Report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=445729

Key Point from Table of Content

6 Marine Engines Market, By Power
6.1 Introduction
6.2 Up to 1,000 HP
6.3 1,001 HP to 5,000 HP
6.4 5,001 HP to 10,000 HP
6.5 10,001 HP to 20,000 HP
6.6 Above 20,000 HP

7 Marine Engines Market, By Application
7.1 Introduction
7.2 Commercial Vessels
7.2.1 Bulkers
7.2.2 Ferries
7.2.3 Cruise Ships
7.2.4 Container Ships
7.2.5 General Cargo
7.2.6 Multi-Purpose Vessels
7.2.7 Pure Car Carriers

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