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Marine Exhaust Energy Recovery Systems-Global Market Insights and Sales Trends 2024

Marine Exhaust Energy Recovery Systems-Global Market Insights and Sales Trends 2024

Publishing Date : Nov, 2023

License Type :
 

Report Code : 1810764

No of Pages : 101

Synopsis
The global Marine Exhaust Energy Recovery Systems market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Marine Exhaust Energy Recovery Systems in various end use industries. The expanding demands from the Cruise, Cargo Ship and Other, are propelling Marine Exhaust Energy Recovery Systems market. 8000KW, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 1500KW segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Marine Exhaust Energy Recovery Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Marine Exhaust Energy Recovery Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Marine Exhaust Energy Recovery Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Marine Exhaust Energy Recovery Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Marine Exhaust Energy Recovery Systems covered in this report include GE(US), MAN Diesel & Turbo, OPRA Turbines BV, PW Power Systems, Rolls Royce(UK), Solar Turbines, Vericor Power Systems, Dresser-Rand and Niigata Power Systems, etc.
The global Marine Exhaust Energy Recovery Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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)
Global Marine Exhaust Energy Recovery Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Marine Exhaust Energy Recovery Systems market, Segment by Type:
8000KW
1500KW
500KW
Other
Global Marine Exhaust Energy Recovery Systems market, by Application
Cruise
Cargo Ship
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Marine Exhaust Energy Recovery Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index
1 Market Overview of Marine Exhaust Energy Recovery Systems
1.1 Marine Exhaust Energy Recovery Systems Market Overview
1.1.1 Marine Exhaust Energy Recovery Systems Product Scope
1.1.2 Marine Exhaust Energy Recovery Systems Market Status and Outlook
1.2 Global Marine Exhaust Energy Recovery Systems Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Marine Exhaust Energy Recovery Systems Market Size by Region (2018-2029)
1.4 Global Marine Exhaust Energy Recovery Systems Historic Market Size by Region (2018-2023)
1.5 Global Marine Exhaust Energy Recovery Systems Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Marine Exhaust Energy Recovery Systems Market Size (2018-2029)
1.6.1 North America Marine Exhaust Energy Recovery Systems Market Size (2018-2029)
1.6.2 Europe Marine Exhaust Energy Recovery Systems Market Size (2018-2029)
1.6.3 Asia-Pacific Marine Exhaust Energy Recovery Systems Market Size (2018-2029)
1.6.4 Latin America Marine Exhaust Energy Recovery Systems Market Size (2018-2029)
1.6.5 Middle East & Africa Marine Exhaust Energy Recovery Systems Market Size (2018-2029)
2 Marine Exhaust Energy Recovery Systems Market by Type
2.1 Introduction
2.1.1 8000KW
2.1.2 1500KW
2.1.3 500KW
2.1.4 Other
2.2 Global Marine Exhaust Energy Recovery Systems Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Marine Exhaust Energy Recovery Systems Historic Market Size by Type (2018-2023)
2.2.2 Global Marine Exhaust Energy Recovery Systems Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Marine Exhaust Energy Recovery Systems Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Marine Exhaust Energy Recovery Systems Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Marine Exhaust Energy Recovery Systems Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Marine Exhaust Energy Recovery Systems Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Marine Exhaust Energy Recovery Systems Revenue Breakdown by Type (2018-2029)
3 Marine Exhaust Energy Recovery Systems Market Overview by Application
3.1 Introduction
3.1.1 Cruise
3.1.2 Cargo Ship
3.1.3 Other
3.2 Global Marine Exhaust Energy Recovery Systems Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Marine Exhaust Energy Recovery Systems Historic Market Size by Application (2018-2023)
3.2.2 Global Marine Exhaust Energy Recovery Systems Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Marine Exhaust Energy Recovery Systems Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Marine Exhaust Energy Recovery Systems Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Marine Exhaust Energy Recovery Systems Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Marine Exhaust Energy Recovery Systems Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Marine Exhaust Energy Recovery Systems Revenue Breakdown by Application (2018-2029)
4 Marine Exhaust Energy Recovery Systems Competition Analysis by Players
4.1 Global Marine Exhaust Energy Recovery Systems Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Marine Exhaust Energy Recovery Systems as of 2022)
4.3 Date of Key Players Enter into Marine Exhaust Energy Recovery Systems Market
4.4 Global Top Players Marine Exhaust Energy Recovery Systems Headquarters and Area Served
4.5 Key Players Marine Exhaust Energy Recovery Systems Product Solution and Service
4.6 Competitive Status
4.6.1 Marine Exhaust Energy Recovery Systems Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 GE(US)
5.1.1 GE(US) Profile
5.1.2 GE(US) Main Business
5.1.3 GE(US) Marine Exhaust Energy Recovery Systems Products, Services and Solutions
5.1.4 GE(US) Marine Exhaust Energy Recovery Systems Revenue (US$ Million) & (2018-2023)
5.1.5 GE(US) Recent Developments
5.2 MAN Diesel & Turbo
5.2.1 MAN Diesel & Turbo Profile
5.2.2 MAN Diesel & Turbo Main Business
5.2.3 MAN Diesel & Turbo Marine Exhaust Energy Recovery Systems Products, Services and Solutions
5.2.4 MAN Diesel & Turbo Marine Exhaust Energy Recovery Systems Revenue (US$ Million) & (2018-2023)
5.2.5 MAN Diesel & Turbo Recent Developments
5.3 OPRA Turbines BV
5.3.1 OPRA Turbines BV Profile
5.3.2 OPRA Turbines BV Main Business
5.3.3 OPRA Turbines BV Marine Exhaust Energy Recovery Systems Products, Services and Solutions
5.3.4 OPRA Turbines BV Marine Exhaust Energy Recovery Systems Revenue (US$ Million) & (2018-2023)
5.3.5 PW Power Systems Recent Developments
5.4 PW Power Systems
5.4.1 PW Power Systems Profile
5.4.2 PW Power Systems Main Business
5.4.3 PW Power Systems Marine Exhaust Energy Recovery Systems Products, Services and Solutions
5.4.4 PW Power Systems Marine Exhaust Energy Recovery Systems Revenue (US$ Million) & (2018-2023)
5.4.5 PW Power Systems Recent Developments
5.5 Rolls Royce(UK)
5.5.1 Rolls Royce(UK) Profile
5.5.2 Rolls Royce(UK) Main Business
5.5.3 Rolls Royce(UK) Marine Exhaust Energy Recovery Systems Products, Services and Solutions
5.5.4 Rolls Royce(UK) Marine Exhaust Energy Recovery Systems Revenue (US$ Million) & (2018-2023)
5.5.5 Rolls Royce(UK) Recent Developments
5.6 Solar Turbines
5.6.1 Solar Turbines Profile
5.6.2 Solar Turbines Main Business
5.6.3 Solar Turbines Marine Exhaust Energy Recovery Systems Products, Services and Solutions
5.6.4 Solar Turbines Marine Exhaust Energy Recovery Systems Revenue (US$ Million) & (2018-2023)
5.6.5 Solar Turbines Recent Developments
5.7 Vericor Power Systems
5.7.1 Vericor Power Systems Profile
5.7.2 Vericor Power Systems Main Business
5.7.3 Vericor Power Systems Marine Exhaust Energy Recovery Systems Products, Services and Solutions
5.7.4 Vericor Power Systems Marine Exhaust Energy Recovery Systems Revenue (US$ Million) & (2018-2023)
5.7.5 Vericor Power Systems Recent Developments
5.8 Dresser-Rand
5.8.1 Dresser-Rand Profile
5.8.2 Dresser-Rand Main Business
5.8.3 Dresser-Rand Marine Exhaust Energy Recovery Systems Products, Services and Solutions
5.8.4 Dresser-Rand Marine Exhaust Energy Recovery Systems Revenue (US$ Million) & (2018-2023)
5.8.5 Dresser-Rand Recent Developments
5.9 Niigata Power Systems
5.9.1 Niigata Power Systems Profile
5.9.2 Niigata Power Systems Main Business
5.9.3 Niigata Power Systems Marine Exhaust Energy Recovery Systems Products, Services and Solutions
5.9.4 Niigata Power Systems Marine Exhaust Energy Recovery Systems Revenue (US$ Million) & (2018-2023)
5.9.5 Niigata Power Systems Recent Developments
5.10 Zorya
5.10.1 Zorya Profile
5.10.2 Zorya Main Business
5.10.3 Zorya Marine Exhaust Energy Recovery Systems Products, Services and Solutions
5.10.4 Zorya Marine Exhaust Energy Recovery Systems Revenue (US$ Million) & (2018-2023)
5.10.5 Zorya Recent Developments
5.11 Perm
5.11.1 Perm Profile
5.11.2 Perm Main Business
5.11.3 Perm Marine Exhaust Energy Recovery Systems Products, Services and Solutions
5.11.4 Perm Marine Exhaust Energy Recovery Systems Revenue (US$ Million) & (2018-2023)
5.11.5 Perm Recent Developments
5.12 Pratt & Whitney(US)
5.12.1 Pratt & Whitney(US) Profile
5.12.2 Pratt & Whitney(US) Main Business
5.12.3 Pratt & Whitney(US) Marine Exhaust Energy Recovery Systems Products, Services and Solutions
5.12.4 Pratt & Whitney(US) Marine Exhaust Energy Recovery Systems Revenue (US$ Million) & (2018-2023)
5.12.5 Pratt & Whitney(US) Recent Developments
6 North America
6.1 North America Marine Exhaust Energy Recovery Systems Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Marine Exhaust Energy Recovery Systems Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Marine Exhaust Energy Recovery Systems Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Marine Exhaust Energy Recovery Systems Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Marine Exhaust Energy Recovery Systems Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Marine Exhaust Energy Recovery Systems Market Dynamics
11.1 Marine Exhaust Energy Recovery Systems Industry Trends
11.2 Marine Exhaust Energy Recovery Systems Market Drivers
11.3 Marine Exhaust Energy Recovery Systems Market Challenges
11.4 Marine Exhaust Energy Recovery Systems Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List

Published By : QY Research

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