The Global Naval Vessel Engines Market 2018-2028
LONDON, Oct. 29, 2018 /PRNewswire/ -- The Global Naval Vessel Engines Market 2018-2028
Summary
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Global Naval Vessel Engines industry is anticipated to value US$1.4 billion by the end of 2018, registering a compound annual growth rate (CAGR) of 3.82% to value US$2 billion by 2028. The cumulative expenditure on naval vessel engines over the forecast period is estimated to value around US$16.6 billion. In terms of segments, Nuclear Reactors and Gas Turbines segments are anticipated to account for 52.4% and 36.5% of the naval vessel engine market respectively, followed by Diesel Engines segment, with a cumulative share of 11.1%.
The expenditure on naval vessel engines is anticipated to be driven by the increase in defense spending which reflects improved economic conditions around the world specifically in the European and Asia Pacific Regions. The US will accelerate its defense spending under the Trump administration and is anticipated to maintain its leading position, exhibiting a steady pace of growth over the forecast period.
The Naval Vessel Engines market is anticipated to be led by North America with an estimated share of 63.7% over the forecast period followed by Asia-Pacific and Europe with shares of 17.3% and 15.8% respectively. The Middle Eastern market for naval vessel engines is anticipated to account for a share of 1.3% followed by the Latin American and African markets with a cumulative share of 1.9%
The report "Global Naval Vessel Engines Market 2018-2028" offers a detailed analysis of the Global Naval Vessel Engines industry over the next 10 years, and provides market size forecasts. It covers key technological and market trends, and analyzes factors influencing the demand for naval vessel engines. The report highlights challenges faced by industry participants and provides in-depth analysis of the following:
- Market Dynamics: insights into the technological developments in the naval vessel engines industry and a detailed analysis of the changing preferences of governments. It also analyzes changing industry structure trends and the challenges faced by participants
- Segment Analysis: insights into the naval vessel engines industry from a segmental perspective and a detailed analysis of factors influencing geographical markets
- Regional Review: insights into modernization patterns and budgetary allocation for the leading economies within each region
- Regional Analysis: insights into the naval vessel engines industry from the perspective of regional markets and a detailed analysis of factors influencing market trends in each geography
- Trend analysis - key defense market: analysis of the key markets in each region and the segments expected to be in demand
- Key Program Analysis: details the three-leading programs in each segment expected to be executed over the forecast period
- Competitive Landscape Analysis: analysis of the industry's competitive landscape. It provides an overview of key defense companies, together with key alliances, strategic initiatives, and financial analysis
Companies Mentioned: Zorya-Mashproekt, MAN SE, Wärtsilä, General Electric, Caterpillar Inc., Rolls-Royce, Bechtel Corporation, Fluor Corporation, Shaanxi Diesel Engine Factory, Kirloskar Oil Engines Ltd.
Scope
- The Global Naval Vessel Engines industry is anticipated to value US$1.4 billion by the end of 2018, registering a compound annual growth rate (CAGR) of 3.82% to value US$2 billion by 2028.
- The cumulative expenditure on naval vessel engines over the forecast period is estimated to value around US$16.6 billion. In terms of segments, Nuclear Reactors and Gas Turbines segments are anticipated to account for 52.4% and 36.5% of the naval vessel engine market respectively, followed by Diesel Engines segment, with a cumulative share of 11.1%. The Naval Vessel Engines market is anticipated to be led by North America with an estimated share of 63.7% over the forecast period followed by Asia-Pacific and Europe with shares of 17.3% and 15.8% respectively.
- The Middle Eastern market for naval vessel engines is anticipated to account for a share of 1.3% followed by the Latin American and African markets with a cumulative share of 1.9%
Reasons to buy
- Determine prospective investment areas based on a detailed trend analysis of the global Naval Vessel engine market over the next ten years
- Gain in-depth understanding about the underlying factors driving demand for different Naval Vessel engine segments in the top spending countries across the world and identify the opportunities offered by each of them
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
- Identify the major channels that are driving the global Naval Vessel engine market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global Naval Vessel engine market
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Naval Vessel engine solution providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available
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