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New York, April 13, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Marine Engines Market by Engine, Type, Power Range, Fuel, Vessel and Region – Global Forecast to 2027” – https://www.reportlinker.com/p04626492/?utm_source=GNW
The propulsion engine segment, by engine, is expected to be the largest market from 2022 to 2027
The by engine segment is categorized into propulsion engine, and auxiliary engine. The propulsion engine segment held the largest share of the marine engines market.
Propulsion engines are the main engines of ships, providing thrust and power to move and sail the oceans. Marine propulsion engines are a very important asset of ships as they are the prime mover of the ship.
Propulsion engines are further divided into gas turbines, diesel engines, steam turbines, and dual-fuel engines. The demand for propulsion engines across various engine types is high and expected to increase further as the demand for new build ships increases.
This may drive the growth of the propulsion engine segment of the marine engines market.
The above 20,000 HP segment, by power range, is expected to be the largest market from 2022 to 2027
The above 20,000 HP segment held the largest market share of the marine engines market in 2021.The above 20,000 HP marine engines have applications mainly for very large vessels, which include large bulk carriers, cargo vessels, containerships, defense vessels, LPG carriers, LNG carriers, and others, wherein, they are used as the main propulsion engine for the vessel.
The revival of maritime trade and the…
Full story available on Benzinga.com
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