Marine parallel hybrid propulsion involves integrating a traditional internal combustion engine (ICE) with an electric motor in ships and boats. This setup connects both engines to the same driveline or propeller shaft, enabling them to operate simultaneously. This system enhances efficiency, lowers emissions, and offers flexibility in maritime applications.
Key components of marine parallel hybrid propulsion include a power management system, gearbox, battery, generator, internal combustion engine, electric motor, and others. Power management systems (PMS) are widely applied in marine vessels, industrial facilities, data centers, and other settings requiring efficient power management. Various types of ships such as tankers, passenger ships, container ships, fishing vessels, and yachts utilize different propulsion systems such as serial and parallel hybrids, alongside installation methods such as line fit and retrofitting. These systems cater to diverse end-users including commercial shipping, naval operations, recreational boating, and more.
The marine parallel hybrid propulsion market research report is one of a series of new reports from The Business Research Company that provides marine parallel hybrid propulsion market statistics, including marine parallel hybrid propulsion industry global market size, regional shares, competitors with a marine parallel hybrid propulsion market share, detailed marine parallel hybrid propulsion market segments, market trends, and opportunities, and any further data you may need to thrive in the marine parallel hybrid propulsion industry. This marine parallel hybrid propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The marine parallel hybrid propulsion market size has grown rapidly in recent years. It will grow from $0.98 billion in 2024 to $1.09 billion in 2025 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to increasing need for fuel-efficient, increasing focus on environmental sustainability in maritime transportation, increasing orders for marine hybrid engines, increasing demand for sustainable shipping, and increased shipbuilding.
The marine parallel hybrid propulsion market size is expected to see rapid growth in the next few years. It will grow to $1.7 billion in 2029 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to increasing demand for environmentally friendly propulsion systems, increasing demand for investment in the oil and gas sector, increasing demand from consumers and businesses, increasingly stringent global regulations on emissions and marine pollution, and long-term operational cost savings. Major trends in the forecast period include technological advancements, advancements in battery technology, growing trend of retrofitting older vessels, implementation of advanced digital technologies, and internet of things (IoT), and adoption of eco-friendly technologies.
The growth of the marine parallel hybrid propulsion market is anticipated to be driven by the increasing volume of maritime transportation. Maritime transportation involves the movement of goods, passengers, or cargo across seas using ships, boats, or other watercraft. This rise in maritime transportation is spurred by economic, technological, and logistical factors that support global trade and financial integration. Marine parallel hybrid propulsion systems offer a sustainable and advanced technological solution for modern maritime transport, addressing environmental concerns and meeting operational efficiency requirements in the marine sector. For example, in September 2023, UN Trade Development reported a 2.4% increase in maritime trade in 2023, with expectations of continued growth exceeding 2% from 2024 to 2028. Therefore, the expansion of maritime transportation significantly boosts the marine parallel hybrid propulsion market.
Leading companies in the marine parallel hybrid propulsion market are concentrating on developing innovative products, such as hybrid propulsion systems, to gain a competitive advantage. A hybrid propulsion system is a dual-mode technology that enables the vessel to operate with both traditional diesel engines and electric motors, offering flexibility and reducing emissions. For example, in March 2023, VULKAN Gruppe, a Germany-based manufacturing company, introduced the BIIM Battello Ibrido Innovativo Modulare. The BIIM (Battello Ibrido Innovativo Modulare) is an advanced vessel featuring VULKAN's hybrid propulsion system, which allows it to operate in both traditional diesel and all-electric modes, delivering quiet, emission-free performance.
In January 2024, Yamaha Motor, a Japan-based company known for manufacturing automobiles, completed the acquisition of Torqeedo for an undisclosed sum. This strategic move is designed to enhance Yamaha's expertise and development capabilities in the electric propulsion segment of its Marine division. Torqeedo, headquartered in Germany, specializes in manufacturing marine parallel hybrid propulsion systems.
Major companies operating in the marine parallel hybrid propulsion market are Siemens AG, General Electric Company, Caterpillar Inc., ABB Ltd., Cummins Inc., Mitsubishi Heavy Industries Ltd., Rolls-Royce Holdings plc, Danfoss, Warstsila Oyj Abp, Brunswick Corporation, MAN Energy Solutions, Kongsberg Maritime, Schottel GmbH, Groupe Beneteau, Nidec Industrial Solutions, Volvo Penta, Steyr Motors GmbH, Corvus Energy, Transfluid, Niigata Power Systems Co. Ltd, Oceanvolt Ltd.
North America was the largest region in the marine parallel hybrid propulsion market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the marine parallel hybrid propulsion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the marine parallel hybrid propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The marine parallel hybrid propulsion market consists of sales of integrated hybrid systems, electric motors and generators, and power management systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Marine Parallel Hybrid Propulsion Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on marine parallel hybrid propulsion market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for marine parallel hybrid propulsion ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The marine parallel hybrid propulsion market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:1) By Component: Power Management System; Gearbox; Battery; Generator; Internal Combustion Engine (ICE); Electric Motor; Other Components
2) By Ship Type: Tanker; Passenger Ship; Container Ship; Fishing Vessel; Yacht; Cruise Ship; Other Ship Types
3) By Operation Type: Serial Hybrid Propulsion System; Parallel Hybrid Propulsion System
4) By Installation: Line Fit; Retrofit
5) By End-User: Commercial Shipping; Naval Applications; Recreational Boating; Other End-Users
Subsegments:
1) By Power Management System: Energy Storage Management; Power Distribution System
2) By Gearbox: Planetary Gearbox; Cycloidal Gearbox
3) By Battery: Lithium-Ion Batteries; Lead-Acid Batteries
4) By Generator: Diesel Generators; Gas Turbine Generators
5) By Internal Combustion Engine (ICE): Diesel Engines; Gasoline Engines
6) By Electric Motor: Permanent Magnet Electric Motor; Induction Electric Motor
7) By Other Components: Inverters; Rectifiers; Transformers
Companies Mentioned: Siemens AG; General Electric Company; Caterpillar Inc.; ABB Ltd.; Cummins Inc.
3. Marine Parallel Hybrid Propulsion Market Trends And Strategies
4. Marine Parallel Hybrid Propulsion Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market
5. Global Marine Parallel Hybrid Propulsion Growth Analysis And Strategic Analysis Framework
5.1. Global Marine Parallel Hybrid Propulsion PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Marine Parallel Hybrid Propulsion Market Growth Rate Analysis
5.4. Global Marine Parallel Hybrid Propulsion Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Marine Parallel Hybrid Propulsion Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Marine Parallel Hybrid Propulsion Total Addressable Market (TAM)
6.1. Global Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Power Management System
Gearbox
Battery
Generator
Internal Combustion Engine (ICE)
Electric Motor
Other Components
6.2. Global Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Tanker
Passenger Ship
Container Ship
Fishing Vessel
Yacht
Cruise Ship
Other Ship Types
6.3. Global Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Serial Hybrid Propulsion System
Parallel Hybrid Propulsion System
6.4. Global Marine Parallel Hybrid Propulsion Market, Segmentation By Installation, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Line Fit
Retrofit
6.5. Global Marine Parallel Hybrid Propulsion Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Commercial Shipping
Naval Applications
Recreational Boating
Other End-Users
6.6. Global Marine Parallel Hybrid Propulsion Market, Sub-Segmentation Of Power Management System, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Energy Storage Management
Power Distribution System
6.7. Global Marine Parallel Hybrid Propulsion Market, Sub-Segmentation Of Gearbox, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Planetary Gearbox
Cycloidal Gearbox
6.8. Global Marine Parallel Hybrid Propulsion Market, Sub-Segmentation Of Battery, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Lithium-Ion Batteries
Lead-Acid Batteries
6.9. Global Marine Parallel Hybrid Propulsion Market, Sub-Segmentation Of Generator, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Diesel Generators
Gas Turbine Generators
6.10. Global Marine Parallel Hybrid Propulsion Market, Sub-Segmentation Of Internal Combustion Engine (ICE), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Diesel Engines
Gasoline Engines
6.11. Global Marine Parallel Hybrid Propulsion Market, Sub-Segmentation Of Electric Motor, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Permanent Magnet Electric Motor
Induction Electric Motor
6.12. Global Marine Parallel Hybrid Propulsion Market, Sub-Segmentation Of Other Components, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Inverters
Rectifiers
Transformers
7. Marine Parallel Hybrid Propulsion Market Regional And Country Analysis
7.1. Global Marine Parallel Hybrid Propulsion Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Marine Parallel Hybrid Propulsion Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Marine Parallel Hybrid Propulsion Market
9.1. China Marine Parallel Hybrid Propulsion Market Overview
9.2. China Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Marine Parallel Hybrid Propulsion Market
10.1. India Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Marine Parallel Hybrid Propulsion Market
11.1. Japan Marine Parallel Hybrid Propulsion Market Overview
11.2. Japan Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Marine Parallel Hybrid Propulsion Market
12.1. Australia Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Marine Parallel Hybrid Propulsion Market
13.1. Indonesia Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Marine Parallel Hybrid Propulsion Market
14.1. South Korea Marine Parallel Hybrid Propulsion Market Overview
14.2. South Korea Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Marine Parallel Hybrid Propulsion Market
15.1. Western Europe Marine Parallel Hybrid Propulsion Market Overview
15.2. Western Europe Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Marine Parallel Hybrid Propulsion Market
16.1. UK Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.1. Spain Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Marine Parallel Hybrid Propulsion Market
21.1. Eastern Europe Marine Parallel Hybrid Propulsion Market Overview
21.2. Eastern Europe Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Marine Parallel Hybrid Propulsion Market
22.1. Russia Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Marine Parallel Hybrid Propulsion Market
23.1. North America Marine Parallel Hybrid Propulsion Market Overview
23.2. North America Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Marine Parallel Hybrid Propulsion Market
24.1. USA Marine Parallel Hybrid Propulsion Market Overview
24.2. USA Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.2. Canada Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Marine Parallel Hybrid Propulsion Market
26.1. South America Marine Parallel Hybrid Propulsion Market Overview
26.2. South America Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Marine Parallel Hybrid Propulsion Market
27.1. Brazil Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Marine Parallel Hybrid Propulsion Market
28.1. Middle East Marine Parallel Hybrid Propulsion Market Overview
28.2. Middle East Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Marine Parallel Hybrid Propulsion Market
29.1. Africa Marine Parallel Hybrid Propulsion Market Overview
29.2. Africa Marine Parallel Hybrid Propulsion Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Marine Parallel Hybrid Propulsion Market, Segmentation By Ship Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Marine Parallel Hybrid Propulsion Market, Segmentation By Operation Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Marine Parallel Hybrid Propulsion Market Competitive Landscape And Company Profiles