Global Transmission Systems for Marine Applications 2016-2020

Overview of the transmission systems market for marine applications

Market research analysts at Technavio have predicted that the global transmission systems market for marine applications will grow steadily at a CAGR of more than 3% by 2020. This market research analysis identifies the emergence of the two-speed gearbox to be one of the primary growth factors for this market.  Two-speed gearboxes are more fuel-efficient than single mechanical propulsion systems by operating the propellers at a lower speed whenever maximum vessel speed or propeller thrust is not required. However the engine speed is also kept constant, and this enables the electric power generated from the power take-off on the gearbox to remain uninterrupted. Also, these gearboxes reduce noise emissions both inside and outside the ship, and this ensures greater comfort for passengers and crew.

The transition from steam to diesel propulsion systems and from paddlewheel to propellers have by-far been the major changes in the inland towing industry. During the predicted period, this industry will witness the adoption of another major trend that will help in lesser fuel consumption, shorter transit times, and improved performance. The adoption of Z-drive propulsion. Z-drive propulsion offers several advantages over conventional propulsion and also enables improved thrust, steering power, and maneuverability. This facilitates efficient and safer operations in most inland towing operations such as navigating bends, currents, and restricted channels, meeting other vessels at close quarters, and transiting constructed bridges and locks.

Competitive landscape and key vendors