Marine Propulsion Engine Market, By Engine Type (Diesel Engine, Gas Turbine, Hybrid Engine, and Others (including Steam Turbine, Nuclear, etc.), By Power Output (Less than 10,000 kW, 10,000 kW to 30,000 kW, and Above 30,000 kW), By Fuel Type (Heavy Fuel O

Marine Propulsion Engine Market, By Engine Type (Diesel Engine, Gas Turbine, Hybrid Engine, and Others (including Steam Turbine, Nuclear, etc.), By Power Output (Less than 10,000 kW, 10,000 kW to 30,000 kW, and Above 30,000 kW), By Fuel Type (Heavy Fuel Oil, Marine Diesel Oil, Liquefied Natural Gas, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)


The global marine propulsion engine market has been growing steadily over the past few years. Marine propulsion engine refers to the main engine on ships and boats that generates thrust to propel the vessel through water. The demand for marine engines is directly associated with maritime trade and cruise/leisure boating activities. Rise in international seaborne trade fueled by growing population and globalization has positively impacted the demand for marine transportation, thereby augmenting the need for efficient and reliable marine propulsion engines across cargo ships, tankers, passenger vessels, and others. Furthermore, growth in recreational boating especially in developed economies has strengthened the sales of marine engines used in yachts and motorboats.

Market Dynamics:

The global marine propulsion engine market is driven by robust growth in international marine trade volumes and rising consumer demand for recreational boating. Growing trade activities have boosted the demand for cargo ships and tankers for transporting goods through waterways. This has significantly increased the replacement demand for new and efficient marine engines during the upgrade of aging fleets. Additionally, rising maritime tourism and cruising industry has accelerated the production of passenger vessels, thereby fueling the sales of high-power marine propulsion engines. However, fluctuating crude oil prices leading to increased operational costs for ship owners and stringent emission norms introduced by IMO for reducing sulfur emissions pose challenges to market growth. Moreover, the ongoing transition toward hybrid and electric ship technologies presents new opportunities in the coming years.

Key features of the study:
  • This report provides in-depth analysis of the global marine propulsion engine market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global marine propulsion engine market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include ABC Marine, Caterpillar Inc., Cruise Automation, Doosan Engine, GE Marine, MAN Energy Solutions, Mitsubishi Heavy Industries, Rolls-Royce Holdings plc, Samsung Heavy Industries, Wärtsilä Corporation, MTU Friedrichshafen GmbH, Hyundai Heavy Industries, Kawasaki Heavy Industries, Siemens Marine, and Yanmar Holdings Co., Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global marine propulsion engine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global marine propulsion engine market.
Detailed Segmentation:
  • By Engine Type
  • Diesel Engine
  • Gas Turbine
  • Hybrid Engine
  • Others (including Steam Turbine, Nuclear, etc.)
  • By Power Output
  • Less than 10,000 kW
  • 10,000 kW to 30,000 kW
  • Above 30,000 kW
  • By Fuel Type
  • Heavy Fuel Oil (HFO)
  • Marine Diesel Oil (MDO)
  • Liquefied Natural Gas (LNG)
  • Others (including Biofuels, etc.)
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
  • Key Players Insights
  • ABC Marine
  • Caterpillar Inc.
  • Cruise Automation
  • Doosan Engine
  • GE Marine
  • MAN Energy Solutions
  • Mitsubishi Heavy Industries
  • Rolls-Royce Holdings plc
  • Samsung Heavy Industries
  • Wärtsilä Corporation
  • MTU Friedrichshafen GmbH
  • Hyundai Heavy Industries
  • Kawasaki Heavy Industries
  • Siemens Marine
  • Yanmar Holdings Co., Ltd.


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Connected Medical Device Market, By Product Type
Global Connected Medical Device Market, By Application
Global Connected Medical Device Market, By End User
Global Connected Medical Device Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Connected Medical Device Market, By Product Type, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Wearable Devices
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Activity Trackers
Smart Watches
Patches
Others
Implantable Devices
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Cardiovascular Implants
Orthopedic Implants
Neurological Implants
Others
Stationary Devices
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Infusion Pumps
Ventilators
Dialysis Machines
Others
5. Global Connected Medical Device Market, By Application, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Remote Patient Monitoring
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Telemedicine
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Clinical Decision Support
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Chronic Disease Management
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Fitness and Wellness
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Connected Medical Device Market, By End User, 2019-2031, (USD Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Hospitals and Clinics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Home Care Settings
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Long-Term Care Facilities
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Ambulatory Surgical Centers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Connected Medical Device Market, By Region, 2019 - 2031, (USD Bn)
Introduction
Market Share (%) Analysis, 2024,2027 & 2031, (USD Bn)
Market Y-o-Y Growth Analysis (%), 2020 - 2031, (USD Bn)
Regional Trends
North America
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, By Country/Sub-region, 2019 - 2031, (USD Bn)
South Africa
North Africa
Central Africa
8. Competitive Landscape
Abbott Laboratories
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
AliveCor
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Becton, Dickinson and Company (BD)
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Boston Scientific
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Cerner Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
General Electric (GE) Healthcare
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Honeywell Life Care Solutions
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Johnson & Johnson
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Masimo
Medtronic
Philips Healthcare
ResMed
Roche Diagnostics
Siemens Healthineers
Stryker Corporation
Epitel, Inc.
Garmin Ltd.
Fitbit, Inc. (now part of Google)
Omron Healthcare, Inc.
ZOLL Medical Corporation
9. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. References and Research Methodology
References
Research Methodology
About us
*Browse 32 market data tables and 28 figures on 'Connected Medical Device Market' - Global forecast to 2031

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