ALBANY, New York, June 2, 2020
- Hybrid Propulsion and Ferries segments to account for a significant share of the market
- Growing concerns regarding environmental pollution is set to drive growth in the market over the forecast period
- Asia Pacific will be a dominant region in the market; China, Japan, and South Korea to contribute significantly
ALBANY, New York, June 2, 2020 /PRNewswire/ -- By the year 2030, the global battery pack for marine hybrid and full electric propulsion market will reach a valuation of USD 600 million (approximately). It will be a notable increase from valuation of about USD 240 million in the year 2019. The compound annual growth rate (CAGR) that the market will witness from 2020 to 2030 will be about 9%.
Transparency Market Research notes, "High demand from marine industry to power diesel electric hybrid vehicles is set to contribute massively to the growth of global battery pack for marine hybrid and full electric propulsion market."
Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=76884
Key Findings of Global Battery Pack for Marine Hybrid and Full Electric Propulsion Market Study:
Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on Battery Pack for Marine Hybrid & Full Electric Propulsion Market (Power Rating: Up to 1 MW, 1.1 MW – 2 MW, 2.1 MW – 3.5 MW, and Above 3.5 MW; Propulsion Type: Hybrid Propulsion and Full Electric Propulsion; Vessel Type: Tugboats & OSVs, Ferries, Defense Vessels, Yachts, Cruise Ships, and Others; and RPM: 0 -RPM – 1,000 RPM, 1,001 RPM –2,500 RPM, and Above 2,500 RPM) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030, at https://www.transparencymarketresearch.com/pressrelease/battery-pack-market-for-hybrid-and-full-electric-marine-propulsion.htm
Key Drivers of Growth in the Global Battery Pack for Marine Hybrid and Full Electric Propulsion Market:
A multitude of growth factors is at play in the global battery pack for marine hybrid and full electric propulsion market. These are not only set to keep the market buoyant over the forecast period but are also shaping the way it will operate in the period beyond that.
View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/76884
Regional Analysis of Global Battery Pack for Marine Hybrid and Full Electric Propulsion Market:
Analyze global battery pack for marine hybrid and full electric propulsion market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Competitive Landscape of Global Battery Pack for Marine Hybrid and Full Electric Propulsion Market:
The Global Battery Pack for Marine Hybrid and Full Electric Propulsion Market is marked by presence of key players such as Corvus Energy, Eco Marine Power, Rolls-Royce plc, Nidec Group, and RELiON Batteries, among others. These are comprehensively profiled in the report prepared by Transparency Market Research. It is worth noting here that the market is consolidated and competition is intense. Currently, players are focused on reducing size of battery and improving performance.
Purchase Premium Research Report on Global Battery Pack for Marine Hybrid and Full Electric Propulsion Market @ https://www.transparencymarketresearch.com/checkout.php?rep_id=76884<ype=S
Explore Transparency Market Research's award-winning coverage of the global Energy and Natural Resources Industry,
Cogeneration Equipment Market - The global cogeneration equipment market was valued at US$ 20,245.9 Mn in 2018. Expanding at a CAGR of 9.84% during the forecast period from 2019 to 2027, the market is estimated to become worth US$ 42,896.4 Mn by the end of 2027.
Mined Anthracite Coal Market - The global mined anthracite coal market is expected to be driven by its increasing demand in from the steel manufacturers. Production of steel production is dependent on coal. According to World Coal Association, nearly 70% of the steel produced makes use of coal.
Marine Mining Market - The global marine mining market is expected to witness robust growth, thanks to rising demand for copper, which currently stands at near 24 million metric tons. The rising demand for minerals and increased technological advancement making seabed mining operations more effective will likely help the market achieve robust growth in the near future.
Submarine Power Cable Market - The global submarine power cable market is projected to expand at a CAGR of 11.3% during the forecast period. According to the report, the market would continue to be influenced by a range of macroeconomic and market-specific factors.
Hybrid and Full Electric Marine Propulsion Market - The global hybrid and full electric marine propulsion market is expected to gain revenue worth US$7,516.7 mn by the end of 2026. The market stood at US$3,247.4 Mn in 2017.
Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453