Oct 31, 2018   SOURCE: PR NewsWire

Global $1.4 Bn Naval Vessel Engines Market to 2028

DUBLIN, Oct. 31, 2018 /PRNewswire/ --

The "The Global Naval Vessel Engines Market 2018-2028" report has been added to ResearchAndMarkets.com's offering.

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Global Naval Vessel Engines industry is anticipated to value US$1.4 billion by the end of 2018, registering a compound annual growth rate (CAGR) of 3.82% to value US$2 billion by 2028.

The cumulative expenditure on naval vessel engines over the forecast period is estimated to value around US$16.6 billion. In terms of segments, Nuclear Reactors and Gas Turbines segments are anticipated to account for 52.4% and 36.5% of the naval vessel engine market respectively, followed by Diesel Engines segment, with a cumulative share of 11.1%.

The expenditure on naval vessel engines is anticipated to be driven by the increase in defense spending which reflects improved economic conditions around the world specifically in the European and Asia Pacific Regions. The US will accelerate its defense spending under the Trump administration and is anticipated to maintain its leading position, exhibiting a steady pace of growth over the forecast period.

The Naval Vessel Engines market is anticipated to be led by North America with an estimated share of 63.7% over the forecast period followed by Asia-Pacific and Europe with shares of 17.3% and 15.8% respectively. The Middle Eastern market for naval vessel engines is anticipated to account for a share of 1.3% followed by the Latin American and African markets with a cumulative share of 1.9%

The report Global Naval Vessel Engines Market 2018-2028 offers a detailed analysis of the Global Naval Vessel Engines industry over the next 10 years, and provides market size forecasts. It covers key technological and market trends, and analyzes factors influencing the demand for naval vessel engines.

The report highlights challenges faced by industry participants and provides in-depth analysis of the following:

    --  Market Dynamics: Insights into the technological developments in the
        naval vessel engines industry and a detailed analysis of the changing
        preferences of governments. It also analyzes changing industry structure
        trends and the challenges faced by participants
    --  Segment Analysis: Insights into the naval vessel engines industry from a
        segmental perspective and a detailed analysis of factors influencing
        geographical markets
    --  Regional Review: Insights into modernization patterns and budgetary
        allocation for the leading economies within each region
    --  Regional Analysis: Insights into the naval vessel engines industry from
        the perspective of regional markets and a detailed analysis of factors
        influencing market trends in each geography
    --  Trend analysis - Key defense market: analysis of the key markets in each
        region and the segments expected to be in demand
    --  Key Program Analysis: Details the three-leading programs in each segment
        expected to be executed over the forecast period
    --  Competitive Landscape Analysis: Analysis of the industry's competitive
        landscape. It provides an overview of key defense companies, together
        with key alliances, strategic initiatives, and financial analysis

Scope

    --  The cumulative expenditure on naval vessel engines over the forecast
        period is estimated to value around US$16.6 billion. In terms of
        segments, Nuclear Reactors and Gas Turbines segments are anticipated to
        account for 52.4% and 36.5% of the naval vessel engine market
        respectively, followed by Diesel Engines segment, with a cumulative
        share of 11.1%. The Naval Vessel Engines market is anticipated to be led
        by North America with an estimated share of 63.7% over the forecast
        period followed by Asia-Pacific and Europe with shares of 17.3% and
        15.8% respectively.

    --  The Middle Eastern market for naval vessel engines is anticipated to
        account for a share of 1.3% followed by the Latin American and African
        markets with a cumulative share of 1.9%

Companies Mentioned 

    --  Zorya-Mashproekt
    --  MAN SE
    --  Wrtsil
    --  General Electric
    --  Caterpillar Inc.
    --  Rolls-Royce
    --  Bechtel Corporation
    --  Fluor Corporation
    --  Shaanxi Diesel Engine Factory
    --  Kirloskar Oil Engines Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/mkvz4x/global_1_4_bn?w=5

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SOURCE Research and Markets