Marine Hybrid Propulsion Markets: Global Industry Analysis, Trends, Market Size and Forecasts to 2024 - ResearchAndMarkets.com
BAE SYSTEMS PLC S/ADR (BAESY)
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DUBLIN--(BUSINESS WIRE)-- The "Marine Hybrid Propulsion Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering. The report predicts the global marine hybrid propulsion market to grow with a CAGR of 7% over the forecast period of 2018-2024. The increasing trade of resources such as coal, crude oil, iron, and steel is done through large vessels. This large vessel containing high volume resources are driven through marine hybrid propulsion market. In addition, continuous development in the marine industry along with growing ship owner preferences for high fuel-efficient features are boosting the growth of the marine hybrid propulsion market. The system utilizes the unused capacity of the main diesel engine to generate electricity and store it in batteries for later use. This, in turn, has opened
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