Marine Propulsion Engine Market 2020 Business Scenario : Aegean Airlines, BP, Caterpillar, Chevron, Cummins, ExxonMobil, Ingeteam S.A., Lukoil, Siemens, Volvo
Marine Propulsion Engine market to reach USD 13.3 billion by 2024, registering a CAGR of 4.3% over 2016-2024. High emphasis on improving diesel engine capacity of the ships with large cargo carrying capability is predicted to boost the industry trends over the next few years. Today, shipping industry is largely focusing on developing new type of electric motors which will improve fuel efficiency and reduce environmental pollution.
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