DUBLIN, Apr. 23, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/ppp8br/marine_gensets) has announced the addition of the "Marine Gensets Market in Europe 2014-2018" report to their offering.
The analysts forecast the Marine Gensets market in Europe to grow at a CAGR of 4.13 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for high-value pleasure vessels. The Marine Gensets market in Europe has also been witnessing the emerging demand for hybrid generators. However, high competition from low-cost vendors could pose a challenge to the growth of this market.
The report, the Marine Gensets Market in Europe 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Europe; it also covers the Marine Gensets market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The Marine Gensets market in Europe is witnessing a growing demand for hybrid gensets which run on both gas and diesel. Hybrid gensets are more cost-effective and offer higher fuel efficiency than conventional gensets. Also, hybrid gensets use clean technology and emit fewer greenhouse gases. Thus, the increasing demand for hybrid generators is expected to increase the overall potential of the Marine Gensets market in Europe.
According to the report, the market in Europe is driven by several growth factors including an increasing demand for high-value pleasure vessels. Many European countries such as Germany, France, and Italy are experiencing huge business opportunities in low-power marine gensets which are used in pleasure vessels, thereby creating a demand for marine gensets among these vessels.
Further, the report states that the high competition from low-cost vendors is one of the major challenges to the market in Europe. Major vendors in the Global Marine Gensets market in Europe are being forced to use a low pricing strategy in order to retain their position in the market, which is adversely affecting profit margins.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Product
08. Buying Criteria
09. Market Growth Drivers
10. Drivers and their Impact
11. Market Challenges
12. Impact of Drivers and Challenges
13. Market Trends
14. Trends and their Impact
15. Vendor Landscape
16. Key Vendor Analysis
17. Other Reports in this Series
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- Mitsubishi Heavy Industries Ltd.
For more information visit http://www.researchandmarkets.com/research/ppp8br/marine_gensets
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SOURCE Research and Markets