Global Marine Propulsion Market Estimated to Reach US$ 18 Bn by 2026; Investments in Hybrid Technologies to Play an Important Role in Market Growth
The global marine propulsion market was valued at nearly US$ 12 Bn in 2017 and is anticipated to expand at a CAGR of more than 4.0% from 2018 to 2026, according to a new report titled "Marine Propulsion Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2026" by Transparency Market Research (TMR). The global shipping industry is highly dependent on marine vessels for inland/cross-border trade activities. Currently, more than 50% of operational marine fleet utilizes diesel-based propulsion...
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