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Asia Pacific Marine Propulsion Systems Market Share

Report ID: GMI9349
Published Date: May 2024
Report Format: PDF

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Asia Pacific Marine Propulsion Systems Market Share

Asia Pacific Marine Propulsion Systems Company Market Share Analysis, 2023

ABB is a multinational corporation at the forefront of electrification, industrial automation, robotics, and motion solutions. The company serves diverse sectors such as utilities, industry, transportation, and infrastructure. Its comprehensive portfolio encompasses power distribution and control systems, electric motors, drives, robotics, automation solutions, and digitalization platforms.

Asia Pacific Marine Propulsion Systems Market Companies

Eminent players operating in the Asia Pacific marine propulsion systems industry include:

AB Volvo Penta
ABB
Caterpillar
Cummins Inc.
DAIHATSU DIESEL MFG. CO., LTD.
Deere & Company
DEUTZ AG
HDHyundai Heavy Industries Engine & Machinery
IHI Power Systems Co., Ltd.
Kawasaki Heavy Industries, Ltd.
MAN Energy Solutions
Mitsubishi Heavy Industries Ltd.
Rolls-Royce plc
Scania
Wartsila
Weichai Holding Group Co., Ltd.
Yamaha Motor Co., Ltd.
YANMAR HOLDINGS CO., LTD.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of Asia Pacific marine propulsion system was reached USD 15.3 billion in 2023 and is expected to register 3.1% CAGR from 2024 to 2032, owing to the growing technological advancements including LNG powered engines and hybrid propulsion systems in the region.

Asia Pacific marine propulsion system industry from the marine diesel propulsion segment is projected to surpass over USD 11 billion by 2032 due to increasing global trade in association with enlarging demand for goods.

China marine propulsion system industry is likely to cross USD 6.5 billion by 2032 due to the presence of extensive coastline, booming trade and significant investments in port infrastructure in the country.

ABB, Kawasaki Heavy Industries, Ltd., MAN Energy Solutions, Mitsubishi Heavy Industries Ltd., Rolls-Royce plc, Scania, Wärtsilä, Weichai Holding Group Co., Ltd., Yamaha Motor Co., Ltd., and YANMAR HOLDINGS CO., LTD., are some of the major marine propulsion system companies in Asia Pacific.