TechNavio recognizes the following companies as the key players in Marine Gensets Market in Europe: Caterpillar Inc., Cummins Inc., Kohler Co., and Mitsubishi Heavy Industries Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “The Marine Gensets market in Europe is witnessing a growing demand for hybrid gensets which run on both gas and diesel. Hybrid gensets are more cost-effective and offer higher fuel efficiency than conventional gensets. Also, hybrid gensets use clean technology and emit fewer greenhouse gases. Thus, the increasing demand for hybrid generators is expected to increase the overall potential of the Marine Gensets market in Europe.”
According to the report, the market in Europe is driven by several growth factors including an increasing demand for high-value pleasure vessels. Many European countries such as Germany, France, and Italy are experiencing huge business opportunities in low-power marine gensets which are used in pleasure vessels, thereby creating a demand for marine gensets among these vessels.
Further, the report states that the high competition from low-cost vendors is one of the major challenges to the market in Europe. Major vendors in the Global Marine Gensets market in Europe are being forced to use a low pricing strategy in order to retain their position in the market, which is adversely affecting profit margins.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/marine-gensets-market-in-europe-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report – Marine Gensets Market in Europe 2014-2018
