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Global Marine Exhaust Energy Recovery Systems Market Research Report 2024
Synopsis
The global Marine Exhaust Energy Recovery Systems market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
The market for Marine Exhaust Energy Recovery Systems (MEERS) is influenced by several driving factors that impact the demand and growth of these systems. MEERS are designed to capture waste heat from marine engine exhaust gases and convert it into usable energy, improving overall energy efficiency and reducing fuel consumption. Some of the key market driving factors for Marine Exhaust Energy Recovery Systems include:
1. Environmental Regulations: Stringent environmental regulations aimed at reducing greenhouse gas emissions and improving fuel efficiency in the marine industry drive the demand for energy-saving technologies like MEERS. MEERS help ship operators comply with emissions standards and lower their carbon footprint.
2. Fuel Cost Savings: MEERS offer significant fuel cost savings for ship operators by utilizing waste heat from exhaust gases to generate additional power. As fuel costs fluctuate, the potential for cost reduction becomes an attractive incentive for adopting MEERS.
3. Rising Fuel Prices: The volatility of fuel prices in the marine sector encourages the adoption of energy-saving technologies like MEERS, which can mitigate the impact of fluctuating fuel costs and provide long-term cost stability.
4. Energy Efficiency and Sustainability: The growing awareness of energy efficiency and sustainability practices in the shipping industry drives the adoption of MEERS as a means to optimize energy usage and reduce environmental impact.
5. International Maritime Organization (IMO) Initiatives: The IMO's commitment to reducing greenhouse gas emissions and improving energy efficiency in the maritime sector promotes the adoption of energy recovery technologies like MEERS.
6. Technological Advancements: Ongoing advancements in MEERS technology, including improved heat exchangers, thermoelectric materials, and waste heat recovery systems, make these solutions more efficient and attractive to ship operators.
7. Corporate Social Responsibility: Shipping companies increasingly emphasize corporate social responsibility and environmental stewardship, making MEERS adoption a strategic choice aligned with sustainability goals.
8. Retrofitting Opportunities: The availability of retrofitting options for existing vessels allows shipowners to upgrade their fleets with energy recovery systems without significant capital expenditure on new vessels.
9. Competitiveness and Market Differentiation: Implementing MEERS can enhance a shipping company's competitiveness by demonstrating their commitment to energy efficiency, which may be a factor in securing contracts and attracting environmentally-conscious customers.
10. Government Incentives: Some governments offer incentives, subsidies, or tax breaks to encourage the adoption of green technologies, including energy recovery systems for marine vessels.
11. Energy Security: MEERS provide an additional source of power generation onboard vessels, improving energy security and reducing reliance on external power sources during long voyages or in remote areas.
In summary, the market for Marine Exhaust Energy Recovery Systems is driven by factors such as environmental regulations, fuel cost savings, energy efficiency initiatives, technological advancements, and government incentives. As the maritime industry seeks to reduce its environmental impact and improve operational efficiency, the adoption of MEERS is expected to grow steadily.
This report aims to provide a comprehensive presentation of the global market for Marine Exhaust Energy Recovery Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Marine Exhaust Energy Recovery Systems.
Report Scope
The Marine Exhaust Energy Recovery Systems market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Marine Exhaust Energy Recovery Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Marine Exhaust Energy Recovery Systems companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
GE(US)
MAN Diesel & Turbo
OPRA Turbines BV
PW Power Systems
Rolls Royce(UK)
Solar Turbines
Vericor Power Systems
Dresser-Rand
Niigata Power Systems
Zorya
Perm
Pratt & Whitney(US)
Segment by Type
8000KW
1500KW
500KW
Other
Segment by Application
Cruise
Cargo Ship
Other
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Marine Exhaust Energy Recovery Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
The global Marine Exhaust Energy Recovery Systems market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
The market for Marine Exhaust Energy Recovery Systems (MEERS) is influenced by several driving factors that impact the demand and growth of these systems. MEERS are designed to capture waste heat from marine engine exhaust gases and convert it into usable energy, improving overall energy efficiency and reducing fuel consumption. Some of the key market driving factors for Marine Exhaust Energy Recovery Systems include:
1. Environmental Regulations: Stringent environmental regulations aimed at reducing greenhouse gas emissions and improving fuel efficiency in the marine industry drive the demand for energy-saving technologies like MEERS. MEERS help ship operators comply with emissions standards and lower their carbon footprint.
2. Fuel Cost Savings: MEERS offer significant fuel cost savings for ship operators by utilizing waste heat from exhaust gases to generate additional power. As fuel costs fluctuate, the potential for cost reduction becomes an attractive incentive for adopting MEERS.
3. Rising Fuel Prices: The volatility of fuel prices in the marine sector encourages the adoption of energy-saving technologies like MEERS, which can mitigate the impact of fluctuating fuel costs and provide long-term cost stability.
4. Energy Efficiency and Sustainability: The growing awareness of energy efficiency and sustainability practices in the shipping industry drives the adoption of MEERS as a means to optimize energy usage and reduce environmental impact.
5. International Maritime Organization (IMO) Initiatives: The IMO's commitment to reducing greenhouse gas emissions and improving energy efficiency in the maritime sector promotes the adoption of energy recovery technologies like MEERS.
6. Technological Advancements: Ongoing advancements in MEERS technology, including improved heat exchangers, thermoelectric materials, and waste heat recovery systems, make these solutions more efficient and attractive to ship operators.
7. Corporate Social Responsibility: Shipping companies increasingly emphasize corporate social responsibility and environmental stewardship, making MEERS adoption a strategic choice aligned with sustainability goals.
8. Retrofitting Opportunities: The availability of retrofitting options for existing vessels allows shipowners to upgrade their fleets with energy recovery systems without significant capital expenditure on new vessels.
9. Competitiveness and Market Differentiation: Implementing MEERS can enhance a shipping company's competitiveness by demonstrating their commitment to energy efficiency, which may be a factor in securing contracts and attracting environmentally-conscious customers.
10. Government Incentives: Some governments offer incentives, subsidies, or tax breaks to encourage the adoption of green technologies, including energy recovery systems for marine vessels.
11. Energy Security: MEERS provide an additional source of power generation onboard vessels, improving energy security and reducing reliance on external power sources during long voyages or in remote areas.
In summary, the market for Marine Exhaust Energy Recovery Systems is driven by factors such as environmental regulations, fuel cost savings, energy efficiency initiatives, technological advancements, and government incentives. As the maritime industry seeks to reduce its environmental impact and improve operational efficiency, the adoption of MEERS is expected to grow steadily.
This report aims to provide a comprehensive presentation of the global market for Marine Exhaust Energy Recovery Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Marine Exhaust Energy Recovery Systems.
Report Scope
The Marine Exhaust Energy Recovery Systems market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Marine Exhaust Energy Recovery Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Marine Exhaust Energy Recovery Systems companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
GE(US)
MAN Diesel & Turbo
OPRA Turbines BV
PW Power Systems
Rolls Royce(UK)
Solar Turbines
Vericor Power Systems
Dresser-Rand
Niigata Power Systems
Zorya
Perm
Pratt & Whitney(US)
Segment by Type
8000KW
1500KW
500KW
Other
Segment by Application
Cruise
Cargo Ship
Other
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Marine Exhaust Energy Recovery Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Marine Exhaust Energy Recovery Systems Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 8000KW
1.2.3 1500KW
1.2.4 500KW
1.2.5 Other
1.3 Market by Application
1.3.1 Global Marine Exhaust Energy Recovery Systems Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Cruise
1.3.3 Cargo Ship
1.3.4 Other
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Marine Exhaust Energy Recovery Systems Market Perspective (2019-2030)
2.2 Marine Exhaust Energy Recovery Systems Growth Trends by Region
2.2.1 Global Marine Exhaust Energy Recovery Systems Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Marine Exhaust Energy Recovery Systems Historic Market Size by Region (2019-2024)
2.2.3 Marine Exhaust Energy Recovery Systems Forecasted Market Size by Region (2025-2030)
2.3 Marine Exhaust Energy Recovery Systems Market Dynamics
2.3.1 Marine Exhaust Energy Recovery Systems Industry Trends
2.3.2 Marine Exhaust Energy Recovery Systems Market Drivers
2.3.3 Marine Exhaust Energy Recovery Systems Market Challenges
2.3.4 Marine Exhaust Energy Recovery Systems Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Marine Exhaust Energy Recovery Systems Players by Revenue
3.1.1 Global Top Marine Exhaust Energy Recovery Systems Players by Revenue (2019-2024)
3.1.2 Global Marine Exhaust Energy Recovery Systems Revenue Market Share by Players (2019-2024)
3.2 Global Marine Exhaust Energy Recovery Systems Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Marine Exhaust Energy Recovery Systems Revenue
3.4 Global Marine Exhaust Energy Recovery Systems Market Concentration Ratio
3.4.1 Global Marine Exhaust Energy Recovery Systems Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Marine Exhaust Energy Recovery Systems Revenue in 2023
3.5 Marine Exhaust Energy Recovery Systems Key Players Head office and Area Served
3.6 Key Players Marine Exhaust Energy Recovery Systems Product Solution and Service
3.7 Date of Enter into Marine Exhaust Energy Recovery Systems Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Marine Exhaust Energy Recovery Systems Breakdown Data by Type
4.1 Global Marine Exhaust Energy Recovery Systems Historic Market Size by Type (2019-2024)
4.2 Global Marine Exhaust Energy Recovery Systems Forecasted Market Size by Type (2025-2030)
5 Marine Exhaust Energy Recovery Systems Breakdown Data by Application
5.1 Global Marine Exhaust Energy Recovery Systems Historic Market Size by Application (2019-2024)
5.2 Global Marine Exhaust Energy Recovery Systems Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Marine Exhaust Energy Recovery Systems Market Size (2019-2030)
6.2 North America Marine Exhaust Energy Recovery Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Marine Exhaust Energy Recovery Systems Market Size by Country (2019-2024)
6.4 North America Marine Exhaust Energy Recovery Systems Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Marine Exhaust Energy Recovery Systems Market Size (2019-2030)
7.2 Europe Marine Exhaust Energy Recovery Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Marine Exhaust Energy Recovery Systems Market Size by Country (2019-2024)
7.4 Europe Marine Exhaust Energy Recovery Systems Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Marine Exhaust Energy Recovery Systems Market Size (2019-2030)
8.2 Asia-Pacific Marine Exhaust Energy Recovery Systems Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Marine Exhaust Energy Recovery Systems Market Size by Region (2019-2024)
8.4 Asia-Pacific Marine Exhaust Energy Recovery Systems Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Marine Exhaust Energy Recovery Systems Market Size (2019-2030)
9.2 Latin America Marine Exhaust Energy Recovery Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Marine Exhaust Energy Recovery Systems Market Size by Country (2019-2024)
9.4 Latin America Marine Exhaust Energy Recovery Systems Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Marine Exhaust Energy Recovery Systems Market Size (2019-2030)
10.2 Middle East & Africa Marine Exhaust Energy Recovery Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Marine Exhaust Energy Recovery Systems Market Size by Country (2019-2024)
10.4 Middle East & Africa Marine Exhaust Energy Recovery Systems Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 GE(US)
11.1.1 GE(US) Company Detail
11.1.2 GE(US) Business Overview
11.1.3 GE(US) Marine Exhaust Energy Recovery Systems Introduction
11.1.4 GE(US) Revenue in Marine Exhaust Energy Recovery Systems Business (2019-2024)
11.1.5 GE(US) Recent Development
11.2 MAN Diesel & Turbo
11.2.1 MAN Diesel & Turbo Company Detail
11.2.2 MAN Diesel & Turbo Business Overview
11.2.3 MAN Diesel & Turbo Marine Exhaust Energy Recovery Systems Introduction
11.2.4 MAN Diesel & Turbo Revenue in Marine Exhaust Energy Recovery Systems Business (2019-2024)
11.2.5 MAN Diesel & Turbo Recent Development
11.3 OPRA Turbines BV
11.3.1 OPRA Turbines BV Company Detail
11.3.2 OPRA Turbines BV Business Overview
11.3.3 OPRA Turbines BV Marine Exhaust Energy Recovery Systems Introduction
11.3.4 OPRA Turbines BV Revenue in Marine Exhaust Energy Recovery Systems Business (2019-2024)
11.3.5 OPRA Turbines BV Recent Development
11.4 PW Power Systems
11.4.1 PW Power Systems Company Detail
11.4.2 PW Power Systems Business Overview
11.4.3 PW Power Systems Marine Exhaust Energy Recovery Systems Introduction
11.4.4 PW Power Systems Revenue in Marine Exhaust Energy Recovery Systems Business (2019-2024)
11.4.5 PW Power Systems Recent Development
11.5 Rolls Royce(UK)
11.5.1 Rolls Royce(UK) Company Detail
11.5.2 Rolls Royce(UK) Business Overview
11.5.3 Rolls Royce(UK) Marine Exhaust Energy Recovery Systems Introduction
11.5.4 Rolls Royce(UK) Revenue in Marine Exhaust Energy Recovery Systems Business (2019-2024)
11.5.5 Rolls Royce(UK) Recent Development
11.6 Solar Turbines
11.6.1 Solar Turbines Company Detail
11.6.2 Solar Turbines Business Overview
11.6.3 Solar Turbines Marine Exhaust Energy Recovery Systems Introduction
11.6.4 Solar Turbines Revenue in Marine Exhaust Energy Recovery Systems Business (2019-2024)
11.6.5 Solar Turbines Recent Development
11.7 Vericor Power Systems
11.7.1 Vericor Power Systems Company Detail
11.7.2 Vericor Power Systems Business Overview
11.7.3 Vericor Power Systems Marine Exhaust Energy Recovery Systems Introduction
11.7.4 Vericor Power Systems Revenue in Marine Exhaust Energy Recovery Systems Business (2019-2024)
11.7.5 Vericor Power Systems Recent Development
11.8 Dresser-Rand
11.8.1 Dresser-Rand Company Detail
11.8.2 Dresser-Rand Business Overview
11.8.3 Dresser-Rand Marine Exhaust Energy Recovery Systems Introduction
11.8.4 Dresser-Rand Revenue in Marine Exhaust Energy Recovery Systems Business (2019-2024)
11.8.5 Dresser-Rand Recent Development
11.9 Niigata Power Systems
11.9.1 Niigata Power Systems Company Detail
11.9.2 Niigata Power Systems Business Overview
11.9.3 Niigata Power Systems Marine Exhaust Energy Recovery Systems Introduction
11.9.4 Niigata Power Systems Revenue in Marine Exhaust Energy Recovery Systems Business (2019-2024)
11.9.5 Niigata Power Systems Recent Development
11.10 Zorya
11.10.1 Zorya Company Detail
11.10.2 Zorya Business Overview
11.10.3 Zorya Marine Exhaust Energy Recovery Systems Introduction
11.10.4 Zorya Revenue in Marine Exhaust Energy Recovery Systems Business (2019-2024)
11.10.5 Zorya Recent Development
11.11 Perm
11.11.1 Perm Company Detail
11.11.2 Perm Business Overview
11.11.3 Perm Marine Exhaust Energy Recovery Systems Introduction
11.11.4 Perm Revenue in Marine Exhaust Energy Recovery Systems Business (2019-2024)
11.11.5 Perm Recent Development
11.12 Pratt & Whitney(US)
11.12.1 Pratt & Whitney(US) Company Detail
11.12.2 Pratt & Whitney(US) Business Overview
11.12.3 Pratt & Whitney(US) Marine Exhaust Energy Recovery Systems Introduction
11.12.4 Pratt & Whitney(US) Revenue in Marine Exhaust Energy Recovery Systems Business (2019-2024)
11.12.5 Pratt & Whitney(US) Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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