Europe Marine Gensets Market 2021-2026

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    1. Europe Marine Gensets Market Value is projected to undergo rapid growth on account of growing seaborne trade coupled with the rising investment in the shipbuilding industry.
    2. Manufacturers directing focus toward product development within the emerging economies and increasing demand for auxiliary power in the marine industry are two of the key factors contributing to the business growth.
    3. LNG gensets are projected to register a high growth rate owing to the increasing environmental awareness among individuals and institutions alike coupled with the high efficiency associated with the product.
    4. Boom in the exploration activities and development of green gas reserves along with the stringent government regulations will complement the product adoption.
    5. The government directives including the MEPC’s introduction of a 0.5% limit of sulfur content across the globe that has come into effect since January 1st, 2020, will augment the business scenario.




    The marine gensets will witness significant growth owing to the rise in popularity of powerful generator sets. Growing demand from the recreational and commercial vessels owing to the booming seaborne trade and purchasing power of consumers will strengthen the industry landscape.


    Rising energy consumption and need for alternate fuels will further propel the product adoption. Increasing collaboration among shipyards and domestic equipment manufacturers across the region will boost the business landscape.


    Recreational gensets will undergo rapid growth owing to the rise in disposable income and increasing incidence of vessel customization. Demand for luxury and comfort from the customers translates into booming demand toward cruises and private recreational vessels.


    infographic: Europe Marine Gensets Market, Europe Marine Gensets Market Size, Europe Marine Gensets Market Trends, Europe Marine Gensets Market Forecast, Europe Marine Gensets Market Risks, Europe Marine Gensets Market Report, Europe Marine Gensets Market Share


    Manufacturers looking to maximize revenue are focusing on developing products and services to cater to this segment.


    The German market is anticipated to grow rapidly on account of changing government directives birthing new revenue streams for the market players. Rise in retrofitting activities and the need to comply with government regulations will positively impact the industry growth.


    Commercial segment will grow owing to rising seaborne trade across the emerging economies. Increasing international long-voyages coupled with rapid industrialization across the emerging economies will encourage product adoption.


    In addition, elevated demand for retrofits of existing vessels will accelerate the product deployment. Ongoing demographic shifts & global urbanization corresponding to rising cross-border transport will further fuel business growth across the sector.




     By Vessel Type

    • Commercial vessels
    • Offshore support vessels
    • Defense vessels
    • Others


    By Fuel

      • Diesel Fuel
      • Gas Fuel
      • Hybrid Fuel
      • Others


    By Power

      • Up to 1,000 kW
      • 1,001 HP to 3,000 kW
      • 3,001 HP to 10,000 kW
      • Above 10,001 kW



    • Kohler 5EKD
    • Kohler 7.5 EKD
    • Westerbeke 3.5 SBCG
    • Westerbeke 5.0 MCGA
    • Westerbeke 10.0 SBEG
    • Westerbeke 22.5 SBEGA
    • CAT C 1.5
    • Fischer Panda AC 8 to 15 Mini
    • Fischer Panda DC 5000 and 6000
    • Fischer Panda Marine AC 4200 to 6500
    • Gentec 6000 to 18000
    • Gentec low RPM 6500 to 16500
    • Kohler 6EKOD
    • Mase IS 3.2
    • Mase IS 16.8 T
    • Mase mariner 5.6
    • Maspower 4KW
    • Maspower 6 to 9KW
    • Maspower 13 to 22.5KW
    • Next Gen Ultra Compact
    • Northern Lights 5/4.5 KW




    • Owing to the outbreak of the COVID-19 pandemic, the manufacturing process and production rate in industries have declined, thus leading to less sea borne trading activities across the globe.
    • In addition, the marine gensets market will see a temporary downfall due to less consumption of energy.
    • Moreover, insufficiency of raw material can hamper the production of marine gensets.


    Rise in merchandise trade is the key factor that drives the growth of the global marine gensets market. Expansion in the tourism industry due to improvement in living standards boosts the marine trade, which correspondingly increases the adoption of marine gensets.


    The shipping industry requires supplement power as a backup necessity, thus boosting the marine gensets market growth. Furthermore, marine gensets have high efficiency and less noise damage, which make them suitable as a power generator system.


    Ongoing advancements are improving the production process of marine gensets. In addition, stringent emission norms pertaining to greenhouse gas emission will be a major restraint for marine gensets in a forecast time frame due to high emission from natural gas, gasoline and diesel, and other conventional fuel sources.


    infographic: Europe Marine Gensets Market, Europe Marine Gensets Market Size, Europe Marine Gensets Market Trends, Europe Marine Gensets Market Forecast, Europe Marine Gensets Market Risks, Europe Marine Gensets Market Report, Europe Marine Gensets Market Share


    The marine gensets market is dominated by global players which include MAN Diesel & Turbo SE (Germany), Wärtsilä (Finland), Caterpillar, Inc. (U.S.), Mitsubishi Heavy Industries (Japan) and Rolls-Royce Power Systems AG (Germany). Key strategies adopted by various companies include contracts & agreements, new product launch, expansions, mergers & acquisitions and joint ventures.


    The industry is characterized by key multinational firms focused at increased geographic extent and financial strength through consolidation ventures. Strategic marketing initiatives, product innovation, brand recognition and economies of scale are some of the key assets to enhance  competitiveness across the marketplace while avoiding the risks of counterfeiting.





    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix


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