Home > Energy & Power > Electrical Equipment > Generator Sets > Diesel Electric Powered Hybrid Marine Gensets Market

Diesel Electric Powered Hybrid Marine Gensets Market Trends

Report ID: GMI9956
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Diesel Electric Powered Hybrid Marine Gensets Market Trends

The marine tourism sector is experiencing substantial expansion owing to higher living standards, increased disposable incomes, more leisure time, and better-informed travelers. The rising popularity of cruises and ferries among tourists will drive demand for recreational vessels, accelerating the business potential. Favorable government policies aimed at developing marine tourism, coupled with strategic marketing and organizational strategies, are set to further boost the marine gensets market.

Authors: Ankit Gupta , Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of diesel electric powered hybrid marine gensets was worth USD 119.5 million in 2023 and is projected to expand at 9.3% CAGR from 2024 to 2032, due to the expanding population index and continuous infrastructure developments in emerging economies.

The 1,000 kW - 5,000 kW power rated segment in the diesel electric powered hybrid marine gensets industry is projected to exceed USD 90 million by 2032, owing to their increasing use on both commercial and recreational vessels.

The merchant application segment in the diesel electric powered hybrid marine gensets industry is estimated to record over 9% CAGR between 2024 and 2032, to enhance fuel efficiency and decrease emissions.

Asia Pacific diesel electric powered hybrid marine gensets industry is poised to record more than USD 180 million by 2032, led by the burgeoning maritime sector and increasing focus on sustainable shipping solutions.