Global Marine Propulsion Market Estimated to Reach US$ 18 Bn by 2026 : Investments in Hybrid Technologies to Play an Important Role in Market Growth
Marine propulsion is a mechanism or system used to generate thrust to move a ship or boat across water. The setup of a propulsion system depends on the vessel size, transport system, and type of operation. Diesel marine propulsion system is a common type of marine propulsion system. The segment constitutes more than 46% share of the global marine propulsion market. Diesel marine propulsion systems are used in almost all types of vessels such as mall boats, ferries, defense vessels,...
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