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Key Highlights the Global Marine Hybrid Propulsion Market

• The analysts of the Transparency Market Research repot have projected the demand in the global marine hybrid propulsion market to proliferate at a notable CAGR of 8.4% during the forecast period of 2019 to 2027.


• The analysts have also forecasted the opportunities in this market to translate into a revenue of US$7,586.41 Mn by the end of 2027, swelling up from its evaluated worth of US$3,550.40 Mn in 2018.


• Based on propulsion type, the market has been segmented into diesel-electric, serial hybrid, and parallel hybrid, whereas on the basis of end use, the analysts have bifurcated the market into tugboats, ferries, defense vessels, offshore support vessels (OSV’s), yacht, and cruise ships.


• The market has also been classified on the basis of power rating, stroke, and RPM. Geographically, the report highlights Europe as the region that is providing for the maximum demand in the global marine hybrid propulsion market, although the demand from Asia Pacific has been ascribed for an above-average CAGR  of 10.8% during the forecast period of 2019 to 2027.

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