Marine Propulsion Engine - Global Market Review & Outlook (2021-2026) – IMARCGroup.com
According to the latest report by IMARC Group, titled, “ Marine Propulsion Engine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ", the global marine propulsion engine market grew at a CAGR of around 6% during 2015-2020. Looking forward, the market expects to exhibit moderate growth during the next five years. A marine propulsion engine refers to a machine that burns fuel and enables ships to move across the water. It comprises of a piston, towers, valves, casings, bedplates, crankcases, bearings, crankshafts, flywheels, generators, transformers, rotor blades gearboxes, control panels, electrical controls, and cylinder blocks and liners. Marine propulsion engine has generators that supply electric power to motors and can function on heavy fuel. At present, marine propulsion engines are widely utilized in modern merchant ships and offshore support vessels. The growing number of international trade activities is augmenting the de...