Marine Gensets Market in Europe to witness robust expansion from 2019 to 2025

Europe marine gensets market has witnessed considerable development over time due to the increase in seaborne trade along with the higher investment in the shipbuilding sector. Manufacturers are directing focus towards the development of advanced equipment within the developing economies and rising demand for auxiliary power in the marine sector.

Gensets demand across recreational applications in Europe is slated to witness robust traction over the years due to the increase in disposable income along with the consistent preference for vessel customization. The need for luxury and comfort from the customers leads to the growing demand for cruises and private recreational marine vessels. The manufacturers are seeking to maximize revenue and are focusing on developing products and services to meet the demands of marine customers.

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Regionally speaking, marine gensets market in Europe has witnessed strong development over the years due to the increasing demand from the commercial and recreational applications. The nation is characterized by the presence of expanding technology industry, a strong service sector, and the increasing need for auxiliary power in the Europe marine sector.

Commercial marine gensets are increasingly being adopted in Europe due to the rise in seaborne trade worldwide. Accelerated industrialization coupled with the established international long voyage routes will positively influence power consumption on ships. Moreover, the rising demand for retrofitting existing vessels along with technological development will supplement the use of new marine gensets.

The industry comprises of many multinational companies that are focusing on expanding their global presence and increasing their revenues through the consolidation of ventures. Leading marketing efforts, brand recognition campaigns, and innovation have emerged as major assets to improve the competition across marine generator sets industry in Europe.

Europe LNG-powered marine gensets market has gained momentum due to the increasing environmental awareness among the people and institutions alike, along with the high efficiency linked to the product. Boom in exploration activities and exploration of natural gas reserves, along with strict government regulations will complement the use of the equipment.

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Efforts undertaken by the government in Europe, such as the MEPC’s introduction of a 0.5% limit of sulfur content worldwide that came into effect in January 1, 2020, is further driving the focus on gas-powered gensets.

Europe marine gensets market of key manufactures like Volvo Penta, Cummins, MAN Energy, Kohler, Scania, Anglo Belgian, and Ettes Power Machinery, among various others.  Driven by the increasing international trade along with the need for reliable onboard power, Europe marine gensets market is expected to witness sizeable gains, favored by the developments in commercial sector to meet the escalating demands of the people in Europe.

Table of Contents (ToC) of the report:

Chapter 1.  Methodology and Scope

1.1. Methodology

1.2. Market definitions

1.3. Market estimates and forecast parameters

1.4. Data Sources

1.4.1.  Secondary      Paid Sources      Public Sources

1.5. Abbreviations

Chapter 2.  Executive Summary

2.1. Europe market snapshot

Chapter 3.  Europe Marine Gensets Market Insights

3.1. Industry coverage

3.2. Industry size & forecast, 2014-2025

3.3. Value chain analysis

3.3.1. Company product snapshot

3.4. Regulatory norms & directives

3.5. Innovation & sustainability

3.6. Drivers & restraints

3.6.1. Market drivers

3.6.2.  Market restraints

3.7. Product growth mapping

3.8. Industry analysis – Porter’s

3.9. Competitive benchmarking, 2018

3.10.          PEST analysis

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