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Marine Gensets Market Share

Report ID: GMI4014
Published Date: Nov 2024
Report Format: PDF

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Marine Gensets Market Share

The marine genset industry is highly competitive, with both established companies and new entrants vying for market share in a rapidly evolving industry. Key players are investing in technological innovations, focusing on developing high-efficiency, low-emission marine generators that provide enhanced operational flexibility and reliability. Market growth is driven by the increasing demand for sustainable and energy-efficient power solutions for vessels, coupled with tightening emissions regulations.

Marine Gensets Market Companies

Major players operating in the marine gensets industry are:

ABB
Anglo Belgian Corporation
Caterpillar
Cummins
Deere & Company
Fischer Panda
GlobalTec Solutions
Kirloskar
Kohler
MAN Energy Solutions
Mase Generators of North America
Mitsubishi Heavy Industries
Nidec Industrial Solutions
Northern Lights
Parikh Power
Rolls-Royce
Scania
Societe Internationale des Moteurs Baudouin
Sole Diesel
Volvo Penta
Wärtsilä
YANMAR

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global market for marine gensets was reached USD 6.6 billion in 2024 and is estimated to grow at a 4.1% CAGR from 2025 to 2034, driven by expanding global population and infrastructure development in emerging economies.

The MDO fueled marine gensets industry is projected to exceed USD 5 billion by 2034, due to environmental regulations and the fuels' reliability and efficiency in high and medium-speed engines.

The 1,000 kW

The U.S. marine gensets market is set to reach over USD 950 million by 2034, led by technological advancements, including hybrid systems and renewable energy integration, and government incentives for green technologies.

Key players in the marine gensets industry include ABB, Anglo Belgian Corporation, Caterpillar, Cummins, Deere & Company, Fischer Panda, GlobalTec Solutions, Kirloskar, Kohler, MAN Energy Solutions, Mase Generators of North America, Mitsubishi Heavy Industries, Nidec Industrial Solutions, Northern Lights, Parikh Power, Rolls-Royce, Scania, Societe Internationale des Moteurs Baudouin, Sole Diesel, Volvo Penta, W