Global Marine Engines | Changing Market Trends & Emerging Opportunities
According to “ Global Marine Engines Market By Application, By Type, By Engine Power Rating, By Region, Competition Forecast & Opportunities, 2013 – 2023” marine engines market is projected to reach $ 15.5 billion by 2023, backed by growing demand for marine engines across commercial and defense applications. Growing trend of market consolidation, technological developments, and increasing use of environment-friendly LNG-fueled engines are among the key factors that are expected to positively influence the marine engines market, globally, during the forecast period. Moreover, anticipated growth in the market can be attributed to increasing investment in optimized vessel efficiency and rise in the refurbishment of pre-owned marine engines to address rising demand from emerging economies. Few of the major players operating in the global marine engines market are Wärtsilä Corporation MAN SE Caterpillar Inc. Hyundai Heavy Industries Rolls Royce Holdings Plc C...