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The marine propulsion engine market size is forecast to increase by USD 1.25 billion at a CAGR of 3.2% between 2023 and 2028. The market is experiencing significant growth, driven by the increase in maritime trade and fleet size. This expansion is fueled by the rising demand for efficient and eco-friendly propulsion systems. A key trend in the market is the prospective incorporation of intelligent propulsion systems, which offer improved fuel efficiency, reduced emissions, and enhanced operational performance. Additionally, stringent MARPOL regulations mandating the reduction of sulphur oxide emissions from marine vessels are pushing the market towards the adoption of cleaner fuel options, such as liquefied natural gas (LNG) and hybrid propulsion systems. Overall, the market is poised for robust growth, with a focus on sustainability, efficiency, and regulatory compliance.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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