Marine Propulsion Engine Market size is expected to reach nearly US$ 41.79 Bn. by 2029 with a CAGR of 2.79% during the forecast period. Marine Propulsion Engine Market Introduction Marine propulsion engines are machines that burn fuel to generate thrust, which aids in the movement of ships over water. Various ongoing government initiatives in the shipbuilding industry and inland waterways are projected to propel the marine propulsion engine market forward throughout the projected period. Depending on their size, ships are equipped with one or more propulsion engines. Furthermore, steam turbines were employed in the early stages of maritime propulsion; however, due to technological advancements, diesel or alternative fuel engines and gas turbines now have a larger market share.To know about the Research Methodology:- Request Free Sample Report
Marine Propulsion Engine Market Dynamics
The marine propulsion engines market is likely to be driven by significant modernization in marine propulsion as a result of the rising need for operationally reliable and cost-effective ships. The shipping sector has begun to place a greater emphasis on lowering fossil fuel usage by creating electric motors that also aid in energy efficiency. The key driver of the market is expected to be the growing need for reliable and fuel-efficient ships. The use of renewable energy sources such as solar and wind energy to supply auxiliary power needs is expected to grow, boosting the demand for marine propulsion engines. The growing importance of increasing diesel engine capacity to power next-generation tankers with big cargo holding capacity would increase the worldwide market growth. The focus on renewable energy sources is the second main factor that is going to have an impact on the market. Global warming and an imminent energy crisis are two of the world's most serious issues in the twenty-first century. LNG consumption is expected to rise as conventional and shale gas reserves are depleted, particularly as a naval fuel. LNG adoption necessitates the presence of specialized insulated tanks and a secure location, resulting in a requirement for more storage capacity. However, a variety of other tank layouts are used, as well as a variety of system options for using LNG. The introduction of nuclear propulsion systems has piqued the curiosity of ship designers because a little percentage of nuclear fuel is used to provide energy that is equivalent to a large weight of coal or oil. It's also useful for icebreakers in the Arctic while they're probing frozen waterways. In order to reduce CO2, NOX, SOX, volatile organic compounds, and particulate matter emissions, non-conventional energy sources like wind and solar energy could be used. The marine propulsion engines market is expected to be hampered by strict pollution regulations and the limitations of renewable energy sources for main propulsion. The international marine community works in both international and territorial water around the world, necessitating compliance with a strict regulatory structure capable of serving this level of international complexity.Marine Propulsion Engine Market Segment Analysis
The marine propulsion engines population is segmented into diesel propulsion, wind & solar propulsion engines, gas turbine propulsion engines, fuel cell propulsion engines, steam turbine propulsion engines, natural gas, and others based on propulsion mode. Diesel propulsion technology has been the dominant propulsion medium in the maritime sector during the previous decade. The development of propulsion systems that run on alternative fuels and emit low emissions has gained special relevance as technology advances and public awareness about environmental conservation grows. In medium-speed four-stroke marine propulsion engines, significant advancements in braking mean effective pressure, firing pressures, fuel injection technology, and turbo-charging efficiency have dramatically decreased fuel oil usage. Although wind and solar energy have gained popularity as supplementary marine propulsion engines, they are insufficient to provide primary propulsion power requirements. Unless full sail propulsion is used, wind-based solutions are confined to propulsion augmentation applications, which may have negative cost and economic repercussions in terms of the number of ships required and voyage times. Furthermore, wind power systems rely on a consistent and effective wind speed, as well as the installation of appropriate control technologies onboard. Because they do not generate harmful pollutants, wind and solar energy have gained popularity as supplemental power sources. Furthermore, wind-based approaches can be used to create partial propulsion benefits and dual fuel hybrid systems. Photovoltaic cells can be used to create enough electricity to drive vessels utilizing solar power as an auxiliary power source.Marine Propulsion Engine Market Regional Insights
China to dominate the Asia Pacific Market Asia Pacific accounts for a major share of the marine propulsion engine market and is expected to maintain its dominance throughout the forecast period. This is primarily due to the fact that key countries such as China, Japan, and South Korea have developed into industrial powerhouses as a result of their reliance on foreign trade. The marine engines market in the Asia Pacific is expected to grow rapidly due to rising investments in shipbuilding and commercial freight transit in key economies. China is currently the world's largest exporter, thus a bigger number of commercial ships would be required, which would boost demand for marine propulsion engines. Along with trade, countries around the world have begun to strengthen their navies in order to combat ocean piracy. Asian navies, in particular, are rapidly expanding their defense capabilities, which is expected to boost the market for marine propulsion engines in the Asia Pacific region. European developers are working on a comparable technology that they hope to market by 2030 in order to compete in China's autonomous technology field. MacGregor, a maritime engineering firm, and Rolls-Royce, an engine manufacturer, signed a Memorandum of Understanding in 2022 to investigate how autonomous technology can aid ship navigation and cargo systems on container ships.Marine Propulsion Engine Market Report Scope: Inquire before buying
Marine Propulsion Engine Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 34.47 Bn. Forecast Period 2023 to 2023 CAGR: 2.79% Market Size in 2029: US $ 41.79 Bn. Segments Covered: by Propulsion Diesel propulsion The wind & solar propulsion engine Gas turbine propulsion engine Fuel cell propulsion engine Steam turbine propulsion engine Natural gas by Ship Type Container Ship Tanker Bulk Carrier Offshore vessel Naval Ship Passenger Ship by Application Commercial Passenger Defense Marine Propulsion Engine Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Marine Propulsion Engine Market Key Players
1. Hyundai Heavy Industries 2. Caterpillar 3. MAN SE 4. Mitsubishi Heavy Industries 5. Volvo Penta 6. Rolls-Royce 7. Cummins 8. Wartsila 9. GE Transportation 10. Deutz AG 12. AB Volvo 13. BAE Systems Plc 14. Beta Marine Ltd. 15. General Electric Co. 16. Yanmar Holdings Co. Ltd. 17. Scania 18. DAIHATSU DIESEL MFG.CO. LTD. 19. Nigata Power Systems Co., Ltd. 20. Fairbanks Morse Engine 22. Masson-Marine Frequently Asked Questions: 1. Which region has the largest share in Global Marine Propulsion Engine Market Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Marine Propulsion Engine Market Market? Ans: The Global Marine Propulsion Engine Market Market is growing at a CAGR of 2.79 % during forecasting period 2023-2029. 3. What is scope of the Global Marine Propulsion Engine Market Market report? Ans: Global Marine Propulsion Engine Market Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Marine Propulsion Engine Market Market? Ans: The important key players in the Global Marine Propulsion Engine Market Market are – Hyundai Heavy Industries Caterpillar MAN SE Mitsubishi Heavy Industries Volvo Penta Rolls-Royce Cummins Wartsila GE Transportation Deutz AG AB Volvo BAE Systems Plc Beta Marine Ltd. General Electric Co. Yanmar Holdings Co. Ltd. Scania DAIHATSU DIESEL MFG. CO. LTD. Nigata Power Systems Co. , Ltd. Fairbanks Morse Engine Masson-Marine 5. What is the study period of this Market? Ans: The Global Marine Propulsion Engine Market Market is studied from 2022 to 2029.
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Marine Propulsion Engine Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Marine Propulsion Engine Market 3.4. Geographical Snapshot of the Marine Propulsion Engine Market, By Manufacturer share 4. Global Marine Propulsion Engine Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Marine Propulsion Engine Market 5. Supply Side and Demand Side Indicators 6. Global Marine Propulsion Engine Market Analysis and Forecast, 2022-2029 6.1. Global Marine Propulsion Engine Market Size & Y-o-Y Growth Analysis. 7. Global Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 7.1.1. Diesel propulsion 7.1.2. The wind & solar propulsion engine 7.1.3. Gas turbine propulsion engine 7.1.4. Fuel cell propulsion engine 7.1.5. Steam turbine propulsion engine 7.1.6. Natural gas 7.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 7.2.1. Container Ship 7.2.2. Tanker 7.2.3. Bulk Carrier 7.2.4. Off shore vessel 7.2.5. Naval Ship 7.2.6. Passenger Ship 7.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.3.1. Commercial 7.3.2. Passenger 7.3.3. Defense 8. Global Marine Propulsion Engine Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 9.1.1. Diesel propulsion 9.1.2. The wind & solar propulsion engine 9.1.3. Gas turbine propulsion engine 9.1.4. Fuel cell propulsion engine 9.1.5. Steam turbine propulsion engine 9.1.6. Natural gas 9.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 9.2.1. Container Ship 9.2.2. Tanker 9.2.3. Bulk Carrier 9.2.4. Off shore vessel 9.2.5. Naval Ship 9.2.6. Passenger Ship 9.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.3.1. Commercial 9.3.2. Passenger 9.3.3. Defense 10. North America Marine Propulsion Engine Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Marine Propulsion Engine Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Marine Propulsion Engine Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Marine Propulsion Engine Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Marine Propulsion Engine Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Marine Propulsion Engine Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Propulsion, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Ship Type, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Marine Propulsion Engine Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Hyundai Heavy Industries 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Caterpillar 45.3.3. MAN SE 45.3.4. Mitsubishi Heavy Industries 45.3.5. Volvo Penta 45.3.6. Rolls-Royce 45.3.7. Cummins 45.3.8. Wartsila 45.3.9. GE Transportation 45.3.10. Deutz AG 45.3.11. AB Volvo 45.3.12. BAE Systems Plc 45.3.13. Beta Marine Ltd. 45.3.14. General Electric Co. 45.3.15. Yanmar Holdings Co. Ltd. 45.3.16. Scania 45.3.17. DAIHATSU DIESEL MFG.CO. LTD. 45.3.18. Nigata Power Systems Co., Ltd. 45.3.19. Fairbanks Morse Engine 45.3.20. Masson-Marine 45.3.21. Other Key Players 46. Primary Key Insights