Global Small Marine Engines Market

The marine management software market consists of sales of marine management software by entities (organizations, sole traders, and partnerships) which refers to smart software that is used to efficiently manage a modern fleet, whether it means a few or hundreds of vessels. It is a solution based on an integrated approach that can provide the insight that is needed to gain efficiency, reduce Opex and remain competitive in the maritime market. The precondition of implementing a proper marine management software system is a planned maintenance system (PMS), procurement, and QHSE solution, where all modules are fully connected. The main types of marine management software are tracking and monitoring, navigation and routing, supply chain and logistics, finance and accounting, system testing, and others. Tracking and monitoring include obtaining data to ensure that the intervention is being given effectively, that it is on track to fulfill its goals, and that ethical rules are being followed correctly. Marine management software provides professional services and managed services to the onshore and onboard locations. The end-users of marine management software are commercial and defense that have applications in crew management, port management, harbour management, reservation management, cruise and yacht management. The marine management software market research report is one of a series of new reports from The Business Research Company that provides marine management software market statistics, including marine management software industry global market size, regional shares, competitors with a marine management software market share, detailed marine management software market segments, market trends and opportunities, and any further data you may need to thrive in the marine management software industry. This marine management software 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 global marine management software market size is expected to grow from $1.51 billion in 2021 to $1.7 billion in 2022 at a compound annual growth rate (CAGR) of 12.4%. The marine management market size is expected to grow to $2.81 billion in 2026 at a CAGR of 13.4%. The enhanced shipyard productivity in recent years in the marine management software market is expected to drive the market growth. Enhanced shipyard productivity refers to the rate at which shipyards are increasing their production and gaining efficiency through the capitalization of new technologies such as AR and VR applications, 3D and digital twins and other digital solutions introduces by the incorporation of marine management software solutions into the marine business. As the majority of the 4,900 ports in the world are not yet using digital technology for even the most basic processes; 80% of ports continue to rely on manual, legacy solutions such as whiteboards or spreadsheets to manage critical marine operations, but due to increase in business at ports are now facing challenges and rise. For instance, in August 2019, Inmarsat, Cargotec, Shell, HHLA, and Wärtsilä launched the second cycle of the Trade And Transport Impact Program in search of 10 mature startups to increase the productivity of marine transportation. This innovation platform was set up to produce commercial partnerships between startups and top transport companies so that productivity could be increased through digitalization. Technological advancements in ship manufacturing, and marine transportation are shaping the marine management software market. The major players in the marine management software market are focusing on introducing technological solutions such as Robotics, AI, machine learning, the internet of things, blockchain, drones, and augmented reality to harness and create a safer, more efficient, and more productive environment in the marine industry. For instance, in July 2021, ABB an automation company launched a digital platform, ABB Ability Marine Fleet Intelligence (A Marine Management Software) to optimize vessel performance across fleets. The new platform integrates reporting and the power of Cloud-based analytics to provide user-friendly visualizations. Offered as a software as a service (SaaS), the platform can gather data from several vessel systems. In November 2020, Norwegian Software acquired IB Marine for EUR 1.6 million (~$1.70 million). The acquisition, is destined to increase the internationalization of IB, which has a consolidated presence in ship management software, especially in the cruise and passenger transport sector. IB is an Italian IT company involved in creating marine management software. Major players in the marine management software market are Oracle, ABB, DockMaster, Marina Master, Marinacloud, Lloyd's Register, Harbour Assist, KongsbergMaritime, DNV GL, MatridTechnologies, TeroMarineAS, Nautical Software, Ocean Manager, Chetu, Harba, Scribble Software and TIMEZERO. North America was the largest region in the marine management software market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in marine management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the marine management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global marine management software market is segmented - 1) By Software: Tracking and Monitoring, Navigation and Routing, Supply Chain and Logistics, Finance and Accounting, System Testing, Others 2) By Service: Professional Services, Managed Services 3) By Location: Onshore, Onboard 4) By End-User: Commercial, Defense 5) By Application: Crew Management, Port Management, Harbor Management, Reservation Management, Cruise and Yacht Management

Small satellite refers to the satellites that weigh less than 1,000 kg (2,204 pounds). Small satellites are created by small, highly engaged teams who work on them from conception to launch and operation. Small satellites' weight is reduced even further by using lighter materials in mechanical systems and designing subsystems without redundancy. The main types of small satellites are minisatellite, microsatellite, nanosatellite, pico-satellites, femto satellites. Minisatellites are smaller in size. The minisatellite will usually weigh 100-500 kgs. They can orbit in Low Earth Orbit (LEO), Middle Earth Orbit (MEO), Geostationary Earth Orbit (GEO). The components of these are structures, payload, electric power system, solar panel and antenna systems, propulsion systems, other components that are applied in earth observation and remote sensing, satellite communication, science and exploration, mapping and navigation, space observation, other applications. There are various end-users such as commercial, academic, government and military, other end-users. The small satellite market research report is one of a series of new reports from The Business Research Company that provides small satellite market statistics, including small satellite industry global market size, regional shares, competitors with a small satellite market share, detailed small satellite market segments, market trends and opportunities, and any further data you may need to thrive in the small satellite industry. This small satellite 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 global small satellite market size grew from $4.36 billion in 2022 to $5.34 billion in 2023 at a compound annual growth rate (CAGR) of 22.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The small satellite market size is expected to grow to $11.32 billion in 2027 at a CAGR of 20.6%. The increase in space exploration missions are significantly driving the growth of the small satellite market. Various government agencies across the world are increasing their space missions and small satellites help them to complete their space missions. According to economic times, an English daily newspaper, China's National Space Administration (CNSA) estimates that the government will launch around 100 satellites by 2025. Similarly, according to the US Air Force Research Laboratory, a scientific research organization operated by the United States Air Force Materiel Command, the US military intends to expand its space awareness capabilities beyond geostationary orbit and aims to start patrolling the Moon taking the mission to the other side of Moon about 1000 times higher. These advances are projected to have a favorable impact on the need and usage of small satellites across the world. Technological advancements are shaping the small satellite market. Major companies operating in the small satellite market are focused on bringing advancements in technologies that offer to strengthen their position. For instance, in July 2020, Airbus, a European multinational aerospace corporation, created the Prometheus 1 next-generation software-defined radio payload with innovative technology to provide the tremendous capability to clients. Prometheus 1 is a software-defined radio with a 400 MHz UHF antenna that can be reconfigured while in space using disruptive technology. It will be able to assess radio spectrum utilization around the planet from space, detect Faraday-1 satellite radar monitoring, and identify and locate search and rescue beacons. Because it possesses features that are superior, disruptive technology washes away the systems or behaviors it replaces. In August 2021, Space X, a leading a US-based aerospace manufacturer, acquired Swarm for an undisclosed amount. As a result of this acquisition, SpaceX's business will expand as a result of its ownership of a constellation of 120 sandwich-sized satellites and also a ground station network. Swarm is a U.S-based start-up that developed sandwich-sized small satellites and manufactures low-cost components used in the satellite and provides data connectivity as well.        Major players in the small satellite market are Sierra Nevada Corporation, Lockheed Martin Corporation, Airbus, L3 Harris Technologies, The Aerospace Corporation, Planet Labs, GomSpace, Boeing, Space Exploration Technologies, Blue Canyon Technologies, Honeywell International Inc., ST Engineering, Orbital ATK, Inc., Ball Corporation, Israel Aerospace Industries Ltd., QinetiQ, ISIS- Innovative Solutions In Space B.V., Surrey Satellite Technology Ltd. and Spire Global. North America was the largest region in the small satellite market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in small satellite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the small satellite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The small satellite market consists of sales of spacecraft bus, launcher, ground system. 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. The global small satellite market is segmented - 1) By Type: Minisatellite, Microsatellite, Nanosatellite, Pico-Satellites, Femtosatellites 2) By Orbit: Low Earth Orbit (LEO), Middle Earth Orbit (MEO), Geostationary Earth Orbit (GEO) 3) By Component: Structures, Payload, Electric Power System, Solar Panel And Antenna Systems, Propulsion Systems, Other Components 4) By Application: Earth Observation And Remote Sensing, Satellite Communication, Science And Exploration, Mapping And Navigation, Space Observation, Other Applications 5) By End-User: Commercial, Academic, Government And Military, Other End-Users

Small electric appliance manufacturing is defined as semi-portable or portable machines that are used on tabletops or countertops to do certain household tasks. The main products of small electrical appliances are household-type fans, household-type vacuum cleaners, and other household-type small electric appliances. A fan is an electrical appliance used for cooling. The various types of household fans include ceiling fans, table fans, tower fans, wall-mounted fans, pedestal fans, exhaust fans, and misting fans. The small electrical appliances are used for home, and commercial applications that are distributed through supermarkets and hypermarkets, specialty stores, e-commerce, and another distribution channel. The small electrical appliances manufacturing market research report is one of a series of new reports from The Business Research Company that provides small electrical appliances manufacturing market statistics, including small electrical appliances manufacturing industry global market size, regional shares, competitors with small electrical appliances manufacturing market share, detailed small electrical appliances manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the small electrical appliances manufacturing industry. This small electrical appliances manufacturing 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 global small electrical appliance market size will grow from $133.98 billion in 2022 to $150.64 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global small electrical appliance market size is expected to grow to $232.29 billion in 2027 at a CAGR of 11.4%. Increased electrification especially in rural areas has contributed to the growth of the small electrical appliances market in the forecast period. Electrification coupled with the rise in disposable income has boosted the demand for household-type fans. For example, The net disposable income Per capita rose to $1,836.68 during the 2019-2020 period, exhibiting a spike of 6.8% compared to the previous period, with a growth rate of 10.0%. The rise in disposable income increased the purchasing power of the people which in turn has increased the market for small electrical appliances. A rise in awareness about the adverse effects of high energy consumption and the carbon footprint associated with the usage of several small electrical appliances is expected to restrain the market in the forecast period. Several factors such as increasing internet penetration led to an increase in awareness about the consumption of energy, the rising cost of energy, and adverse effects associated with the usage of several household appliances such as vacuum cleaners.in July 2020, according to Proceedings of the National Academy of Sciences of the United States of America(PNAS), a US-based academy, Residential energy use(through electrical appliances) accounts for roughly 20% of greenhouse gas (GHG) emissions in the United States. As per the survey on 93 million individual households, this influence climate, affluence, energy infrastructure, urban form, and building attributes (age, housing type, heating fuel) in driving these emissions. These factors will limit the growth of small electrical appliances. Small electrical appliance manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to stringent government regulations on electric home appliances and advances in technology. Energy efficient fans are designed to utilize minimum energy. Currently, over 80 countries have standards and labels for energy-efficient appliances. For example, in the USA, ENERGY STAR-certified ceiling fans provide cutting-edge design, use the latest technology, and are 60% more efficient than conventional ceiling fans. In 2021, Electrolux acquired La Compagnie du SAV (CSAV), the main French independent service provider (ISP) specializing in repairing domestic appliances. The acquisition is fully in line with the Electrolux Group strategy to offer outstanding experiences to consumers, ensuring they get the most out of their appliances during the complete lifecycle of the product. With this acquisition, they can further strengthen their service network in France allowing them to meet the growing market demand in the after-sales service area in the best possible way. Major players in the small electrical appliances market are AB Electrolux, Dyson Ltd., Panasonic Corporation, Koninklijke Philips N.V., Haier Group Corporation, Midea, Miele & Cie. KG, Samsung Electronics Co., Ltd., LG Electronics, and BISSELL. Asia-Pacific was the largest region in the small electrical appliances market in 2022. Western Europe was the second-largest region in the global small electrical appliance market. The regions covered in the global small electrical appliance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the small electrical appliances market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The small electrical appliance manufacturing market consists of sales of bath fans, ceiling fans, desk fans, nu fac floor standing fans, exhaust fans, canister vacuum cleaners, upright vacuum cleaners, central vacuum cleaners, blenders, coffee machines, cutters, electric kettles, mixer grinders, sandwich makers, toasters, vacuum cleaners, and other small electrical appliances. 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 turning, 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. The global small electrical appliance market is segmented - 1) By Product: Household Type Fans, Household Type Vacuum Cleaners, Other Household Type Small Electric Appliances 2) By Application: Home, Commercial 3) By Distribution Channel: Supermarket & Hypermarkets, Specialty Stores, E-Commerce, Others Distribution Channel

Small arms and light weapons refer to light weapons that are used by two or more persons as a crew such as pistols, rifles, submachine guns, assault rifles, and light machine guns. The main types of small arms and light weapons are small arms and light weapons. Small arms, also known as firearms or guns, are man-portable lethal weapons designed for individual use that can expel or launch a shot, bullet, or projectile via explosive action. The weapon calibers are 14.5mm, 12.7mm, 9mm, 7.62mm, and 5.56mm, and the firing systems are recoil-operated, gas-operated, and manual. The applications of small arms and light weapons include military and law enforcement that is used by defense, civil and commercial sectors. The small arms and light weapons market research report is one of a series of new reports from The Business Research Company that provides small arms and light weapons market statistics, including small arms and light weapons industry global market size, regional shares, competitors with a small arms and light weapons market share, detailed small arms and light weapons market segments, market trends and opportunities, and any further data you may need to thrive in the small arms and light weapons industry. This small arms and light weapons 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 global small arms and light weapons market size will grow from $12.07 billion in 2022 to $12.9 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global small arms and light weapons market size is expected to grow to $15.54 billion in 2027 at a CAGR of 4.8%. Increased defense spending is expected to fuel the growth of the small arms and light weapons market over the forecast period. Countries around the world are investing in defense because of their conflicts and rivalries with other nations. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers, and non-proliferation, in 2021, total global military spending was expected to increase by 0.7% in real terms to $2113 billion. This was the seventh year in a row that spending increased. Military R&D funding in the United States increased by 24% between 2012 and 2021, while China, the world's second-largest spender, allocated an estimated $293 billion to its military in 2021, a 4.7% increase over 2020. China's military spending has increased for the past 27 years. Therefore, increased defense spending drives the growth of the small arms and light weapons market. The strict government legislation against the possession of firearms is expected to impede the development of the small arms and light weapons market in the forecast period. Countries around the world have tightened their weapons laws, making it much more challenging for regular people to own a firearm, as mass shooting events are on the rise. For instance, in May 2022, the Government of Canada, announced the introduction of new legislation to strengthen Canadian gun control and protect Canadians from gun violence. Bill C-21 proposes some of the most stringent gun control measures in over 40 years. Implementing a national handgun freeze to prevent individuals from bringing newly acquired handguns into Canada as well as buying, selling, and transferring handguns within the country, removing firearms licenses from those involved in acts of domestic violence or criminal harassment, such as stalking. as well as others. Therefore, the strict government legislation against the possession of firearms restrains the growth of the small arms and light weapons market. Growing technological advancements are a major trend gaining popularity in the small arms and light weapons market. Major companies operating in the small arms and light weapons market are focused on developing advanced technology solutions for small arms and light weapons. For instance, in August 2021, MZA Associates Corp., a US-based laser weapons company, announced that they collaborated with the US military to develop a compact, portable, low-cost, and reliable C-UAS HELWS to damage or destroy unmanned aerial vehicles (UAVs) that are violating the airspace of military bases or other sensitive installations. In September 2020, Sturm, Ruger, and Company, an American-based company that manufactures rugged, reliable firearms for the commercial sporting market, acquired Marlin Firearms assets for $30 million. The acquisition will help Sturm, Ruger, and Company widen their diverse product offerings. Marlin Firearms is an American-based arms manufacturing company. Major players in the small arms and light weapons market are Beretta S.p.A., FN Herstel, Smith & Wesson Holding Corporation, SIG Sauer, Carl Walther GmbH., and GLOCK Ges m.b. H, Colt’s Manufacturing Company LLC., Lockheed Martin Corporation, Thales Group, SAAB AB, Glock Ges. m.b.H., Browning Arms Company, Heckler and Koch, Sturm Ruger & Company, and Alliant Techsystems. Asia-Pacific was the largest region in the small arms and weapons market in 2022. Western Europe is expected to be the fastest-growing region in the global small arms and light weapons market during the forecast period. The regions covered in the global small arms and light weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the small arms and light weapons market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The small arms and light weapons market consists of sales of pistols, rifles, submachine guns, assault rifles, and light machine guns. 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 is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenue from resales further along the supply chain or as part of other products. The global small arms and light weapons market is segmented - 1) By Type: Small Arms, Light Weapons 2) By Application: Military, Law Enforcement 3) By Caliber: 14.5mm, 12.7 mm, 9 mm, 7.62mm, 5.56mm 4) By End-Use Sector: Defense, Civil & Commercial 5) By Action: Semi-Automatic, Automatic6) By Firing Systems: Recoil-Operated, Gas-Operated, Manual

The marine hybrid propulsion are hybrid propulsion systems for marine applications that combines combustion engines with battery power to optimize engine operation and reducing emissions. Hybrid propulsion is a propulsion system for a vehicle that involves two or more sources of propulsion in one design usually that can be used collectively or alternately. Hybrid propulsion improves the fuel efficiency of vessels with variable power demands such as tug boats, fishing vessels, and others. The main propulsion types of marine hybrid propulsion are diesel-electric, parallel hybrid, serial hybrid, full electric, gas turbine, and fuel cell. A diesel-electric propulsion system can employ a single engine to drive several propellers or several engines to power one or more propellers. Electric propulsion is widely used in specific vessel designs. Diesel engines provide approximately 90% of the energy in marine applications. In a parallel hybrid propulsion system, the engine and electric motor work in tandem to generate the power that drives the wheels. When power demands are low, parallel hybrids utilize the motor as a generator for supplemental recharging. The serial hybrid system uses a single electric motor and can both generate power and store energy. The system optimizes fuel consumption with a constant-speed generator engine. Full electric propulsion systems utilize electrical power to drive propeller blades for propulsion. Normally electrical propulsion is used in small vessels but nowadays shipping companies are adopting this system for big-size cargo vessels as well. A gas turbine propulsion system is a type of continuous and internal combustion engine that pulls together all of the systems and subsystems associated with gas turbine engines in aircraft and marine warship applications. Fuel cell propulsion systems are similar to that of electric vehicles, where energy stored as hydrogen is converted to electricity by the fuel cell. The different types of ships include anchor handling tug supply vessels, platform supply vessels, yachts, motor ferry, cruise liner, and others and operates in various power ranges such as 0-300 KW, 301-500KW, and 501KW-800KW. It is used in commercial, logistics, offshore drilling and naval, and other applications. The marine hybrid propulsion market research report is one of a series of new reports from The Business Research Company that provides marine hybrid propulsion market statistics, including marine hybrid propulsion industry global market size, regional shares, competitors with a marine hybrid propulsion market share, detailed marine hybrid propulsion market segments, market trends and opportunities, and any further data you may need to thrive in the marine hybrid propulsion industry. This marine hybrid propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global marine hybrid propulsion market size grew from $3.52 billion in 2022 to $3.96 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The marine hybrid propulsion market size is expected to grow to $6.12 billion in 2027 at a CAGR of 11.5%. An increase in international trade is contributing to the growth of the marine hybrid propulsion market. Most of the internationally traded goods are transported using cargo vessels and ships. Hybrid propulsion improves the fuel efficiency of vessels with variable power demands. According to UNCTAD’s Global Trade Update, in 2021, there was an overall record value of $28.5 trillion in global trade, compared to 2020, the increase was about 25%, and compared to 2019, it was about 13%. Increased commodity prices, subsiding pandemic restrictions, and strong economic stimulus packages all contributed to the positive trend in international trade in 2021. Thus, the surge in international trade boosts the number of cargo vessels and ships fleet and which in turn, drives the market for marine hybrid propulsion. The launch of integrated propulsion systems has emerged as a key trend in the marine hybrid propulsion market. Major players operating in the marine hybrid propulsion field are focusing on introducing new hybrid propulsion systems to improve performance, environmental compatibility, and propulsion system versatility. For instance, in November 2020, Havyard, a Norwegian shipbuilding group announced that its new hydrogen propulsion system for large ocean-going ships should be completed next year as a potential alternative fuel to help reduce its carbon footprint. It has developed a ship’s propulsion systems with integrated LH2 tanks and fuel cells. In June 2020, Gula Skrinet AB, a global supplier of customized marine propulsion systems acquired Caterpillar Propulsion AB for an undisclosed amount. The proposed acquisition develops Gula Skrinet AB’s external relationships, products, and services in close cooperation with customers and partners. Caterpillar Propulsion AB is a Sweden-based manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships. Major players in the marine hybrid propulsion market are BAE Systems, Schottel, MAN Energy Solutions, Siemens, ABB Ltd., General Electric Company, Steyr Motors, Mitsubishi Heavy Industries, Torqeedo, and Wartsila Corporation. Europe was the largest region in the marine hybrid propulsion market in 2022. The regions covered in the marine hybrid propulsion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the marine hybrid propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The marine hybrid propulsion market consists of sales of electric motor, energy storage device, battery system, electric machine, power electronics. 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. The global marine hybrid propulsion market is segmented - 1) By Propulsion Type: By Propulsion Type, Diesel-Electric, Parallel Hybrid, Serial Hybrid, Full Electric, Gas Turbine, Fuel cell 2) By Ship Type: Anchor Handling Tug Supply Vessels, Platform Supply Vessels, Yachts, Motor Ferry, Cruise Liner, Others 3) By Power Rating: 0-300 KW, 301-500 KW, 501-800 KW 4) By Application: Commercial, Logistics, Offshore Drilling, Naval, Others

Marine lubricants are petrochemicals-based products that lowers friction and are mainly used in marine applications. These are used by ships and other seafaring vehicles. The main types of products of marine lubricants are engine oil, hydraulic oil, turbine oil, gear oil, greases, and others. Hydraulic oil refers to a hydraulic substance used in liquid-pressure hydraulic systems. In the hydraulic system, it performs functions such as energy transmission, system lubrication, anti-corrosion, anti-rust, cooling, and sealing. Hydraulic oil is a unique type of oil that is used to transfer power. The various types of oil are mineral oil (paraffinic oil, naphthenic oil, aromatic oil), synthetic oil (PAO, PAG, esters), bio-based (plant source, animal fats), grease (metallic soap thickener and non-soap thickener, inorganic thickener) used in different ship types such as bulk carriers (handysize, handymax, Panamax, Capesize), tankers (Panamax, Aframax, Suezmax, very large crude carrier (VLCC), ultra large crude carrier (ULCC), container ship and others (reefers, drill ships, passenger ships, roll on roll off ships, service ships). The marine lubricants market research report is one of a series of new reports from The Business Research Company that provides marine lubricants market statistics, including marine lubricants industry global market size, regional shares, competitors with a marine lubricants market share, detailed marine lubricants market segments, market trends, and opportunities, and any further data you may need to thrive in the marine lubricants industry. This marine lubricants 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 global marine lubricants market size grew from $7.65 billion in 2022 to $8.45 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The marine lubricants market size is expected to grow to $13.51 billion in 2027 at a CAGR of 12.4%. The increase in demand for bio-based lubricants is expected to propel the growth of the marine lubricants market. All lubricants that biodegrade quickly dissolve and are not hazardous to humans or aquatic habitats are referred to as bio-lubricants. They are also known as eco-friendly, biodegradable, or sustainable lubricants. Because of the biodegradability and low toxicity of bio-lubricants, as well as the benefit of fewer emissions from utilizing them, the marine industry is becoming a prominent area that uses them. For instance, according to American Oil Chemists' Society (AOCS), the global market for bio-lubricants is predicted to rise from $2 billion, which was indicated in the year 2020 to $2.4 billion, which is projected for the year 2025, as environmental rules and regulations in the marine industry improve. Therefore, a rise in demand for bio-lubricants drives the growth of the marine lubricants market. Strategic collaborations between companies are a key trend gaining popularity in the marine lubricant market. Companies manufacturing marine lubricants are undergoing partnerships and collaborations to develop new technologies and products. For instance, in April 2021, Crown oil, a fuel, and lubricants distribution company located in Bury, Greater Manchester, England, and Valvoline, an American manufacturer and distributor of automotive oil, additives, and lubricants involved in a partnership. The deal enables Crown oil to offer a wide range of high-quality Valvoline products to the heavy-duty, agricultural, fleet, and marine sectors and allows Valvoline to explore the base oil market as they do not refine their base oils from crude oil. In another partnership, in August 2021, Wilh. Wilhelmsen Holding ASA, a Norwegian multinational maritime group, headquartered in Lysaker, Norway entered into a partnership with Klubler Lubricants, a leading manufacturer of specialty lubricants based in the US. The deal enables Wilhelmsen holdings to take over sales, logistics and consulting of Klüber Lubrication’s maritime portfolio for its sea-going vessels. In December 2020, John W Stone Oil Distributer, a US-based bunker supplier acquired marine lubricants division of Martin Midstream Partners for an undisclosed amount. The acquisition would complement the company’s marine fuel portfolio and help it grow in newer geographies. Mega Lubricants is a US-based marine lubricants manufacturer. Major players in the marine lubricants market are BP plc, Royal Dutch Shell plc, Exxon Mobil Corporation, Chevron Corporation, Sinopec Corporation, PJSC Lukoil, Idemitsu Kosan Co. Ltd., Total S.A., Castrol, Gulf Oil Marine, Synforce Lubricants., Valvoline LLC, PetroChina, Eni S.p.A, Croda International PLC., Bailey’s Marine Fuels, Quepet Lubricants, JX Nippon Oil & Energy Corporation, IKO Marine Lubricant Supply Co. Ltd., Repsol SA, Aegean Oil SA, Fuchs Lubricants Co., Indian Oil Corporation Ltd. (IOCL), and Stanley Lubricants. Asia-Pacific was the largest region in the marine lubricants market in 2022. The regions covered in the marine lubricants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the marine lubricants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The marine lubricants market consists of sales of compressor oils, refrigerating oils, and heat transfer oils. 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. The global marine lubricants market is segmented - 1) By Product Type: Engine oil, Hydraulic oil, Turbine oil, Gear oil,Greases, Other Products 2) By Oil Type: Mineral oil (Paraffinic Oil, Naphthenic Oil, Aromatic Oil), Synthetic Oil (PAO, PAG, Esters), Bio-based ( Plant Source, Animal Fats), Grease (Metallic Soap Thickener, Non-soap Thickener, Inorganic Thickener) 3) By Ship Type: Bulk Carriers (Handysize, Handymax, Panamax, Capesize), Tankers (Panamax, Aframax, Suezmax, Very Large Crude Carrier (VLCC), Ultra Large Crude Carrier (ULCC)), Container Ship, Other Ship Types (Reefers, Drill Ships, Passenger ships, Roll on Roll Off Ships, Service Ships)

Marine plywood refers to a stronger, higher-quality material made of Douglas fir or western larch that hasn't been chemically treated and is used to build boats, docks, and other dock-related components. Marine plywood can be used in environments where it is exposed to moisture for long periods. It is generally used for building boats and ships and other applications where the plywood can get exposed to water. The main applications of marine plywood are marine applications and non-marine applications. Due to its structural properties, marine plywood is almost impenetrable and unaffected by water, and this makes it suitable for use in marine applications. Marine plywood is manufactured in such a way that it does not contain any gaps between the plies, even after it is sawed and treated with heat and pressure. Marine plywood is applied in various applications such as decks, docks, boats, and others. For non-marine applications, marine plywood is used for making outdoor patio furniture or structures that are made of wood, especially for moist climate conditions. The marine plywood market research report is one of a series of new reports from The Business Research Company that provides marine plywood market statistics, including marine plywood industry global market size, regional shares, competitors with a marine plywood market share, detailed marine plywood market segments, market trends and opportunities, and any further data you may need to thrive in the marine plywood industry. This marine plywood 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 global marine plywood market size grew from $11.2 billion in 2022 to $12.76 billion in 2023 at a compound annual growth rate (CAGR) of 14.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The marine plywood market size is expected to grow to $21.75 billion in 2027 at a CAGR of 14.3%. The growing popularity of high-speed and luxurious recreational boats is the key factor driving the growth of the marine plywood market. The marine tourism sector has grown globally. With anticipated global growth rates of more than 3.5%, coastal and marine tourism is projected to be the largest value-adding segment of the ocean economy by 2030, at 26%. The demand in applications such as stringers, floor, transom and boat cabinetry, walls, and seating has also increased. All these factors combined are expected to drive the marine plywood market significantly. The advancement of marine plywood in rooftops and doors is the key trend being followed by companies in the marine plywood market. Marine plywood performs well in humid and wet conditions which can often result in increasing the durability as well as the structural strength of any construction. This is why the presence of marine plywood in building rooftops and doors in residential spaces is continuously increasing. Marine plywood is characterized by improved structural strength, lightweight nature, enhanced durability, and excellent resistance to warping, bending, and delamination. It is an excellent material to perform amidst humid and wet conditions. It is not treated with chemicals and is composed of several faces and core veneers that further aid in minimizing the gaps between the sheets. As a result, it is commonly utilized for building boats and ships. Apart from this, it can also be employed in the production of outdoor furniture in coastal regions and multiple residential and commercial applications. In August 2020, Patrick Industries, Inc. acquired Inland Plywood Company, a premier supplier, laminator, and wholesale distributor of treated, untreated, and laminated plywood, medium density overlay panels, and other specialty products, primarily serving the marine market as well as the recreational vehicle and industrial markets. Inland is headquartered in Pontiac, Michigan with an additional facility located in Cocoa, Florida. Major players in the marine plywood market market are UPM Plywood, Potlatch Corporation, Roseburg, Greenply Industries, Mampilly Plywood Industries, SVEZA, JishengTocho, Joubert Plywood, Asia Plywood Company, Samling, Austral Plywoods, Bahar Timber, Van Styn, Anchor Marine Plywood, TaiNuoPlywoods, Consmos, Asia Plywood Company, Demidovo Plywood Mill, BELLOTTI, Modak Ply, Swanson Group, Compensati TORO, and wolstenholme. Europe was the largest region in the marine plywood market in 2022. The regions covered in the marine plywood market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the marine plywood market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The marine plywood market consists of sales of high-density overlay and medium-density overlay. 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. The global marine plywood market is segmented - 1) By Application: Marine Applications, Non-Marine Applications 2) By Marine Applications: Deck, Dock, Boat, Other Marine Applications

Small gas engines are small, low-powered internal combustion gasoline-powered engines that usually run-on gases such as coal gas, producer gas, biogas, landfill gas, or natural gas. The main engine displacements of small gas engines include 20 ccs to 100 ccs, 101 ccs to 400 cc, and 401 ccs to 650 ccs. 20 cc to 100 cc includes small gas engines running with a volume of 20 cubic centimeters to 100 cubic centimeters. The major end-uses of small gas engines are in gardening, industrial, and construction for a range of equipment such as lawnmowers, chainsaws, string trimmers, hedge trimmers, portable generators, rotary tillers, pressure washers, concrete vibrators, concrete screed, edger, leaf blower, and snowblower. The small gas engine market research report is one of a series of new reports from The Business Research Company that provides small gas engine market statistics, including small gas engine industry global market size, regional shares, competitors with a small gas engine market share, detailed small gas engine market segments, market trends and opportunities, and any further data you may need to thrive in the small gas engine industry. This small gas engine 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 global small gas engine market size grew from $2.74 billion in 2022 to $2.86 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The small gas engine market size is expected to grow to $3.36 billion in 2027 at a CAGR of 4.1%. The rise in the construction industry is driving the small gas engine market. Many builders and homeowners are buying outdoor powdered equipment for various building construction services, landscaping services, or maintaining lawns or gardens in their projects or homes. This demand for outdoor-powered equipment used in the construction industry is directly influencing the demand for small gas engines. According to the Global Construction 2030 report, the volume of construction output is expected to grow by 85% to $15.5 trillion by 2030. Major countries contributing to this growth are China, India, and the USA. This rise in the construction market is expected to drive the small gas engine market going forward. New technology advancements in small gas engines are shaping the small gas engine market. Companies are investing in manufacturing advanced small gas engines, which will meet the needs of the customers. For instance, in December 2020, Rolls-Royce, a UK-based luxury car company, launched new MTU Series 500 gas engine. The new engine has a power range of 250 to 550 kilowatts and a peak efficiency of up to 42.6% in its class. In April 2021, Northern Tool + Equipment Co., a US-based tool retail company acquired Jack's Small Engines for an undisclosed amount. This acquisition will build on Northern Tool + Equipment Co.'s expertise in tools, equipment, engine, and maintenance services. Jack's Small Engines is a US-based family-owned small engine parts and outdoor power equipment parts company that sells more than 3 million parts from 400 vendors. Major players in the small gas engine market are Briggs and Stratton Corporation, Kohler Co., Honda Motor Co., Ltd., Yamaha Motor Corp., Kawasaki Heavy Industries, Kubota Corporation, Kipor Power, Champion Power Equipment, Generac, Fuji Heavy Industries, Fuzhou Launtop M&E Co., Ltd., Liquid Combustion Technology, Lifan Power, Zongshen Power, and Subaru. North America was the largest region in the small gas engine market in 2022. The regions covered in the small gas engine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the small gas engine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The small gas engine market consists of sales of 2-stroke and 4-stroke engine. 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. The global small gas engine market is segmented - 1) By Engine Displacement: 20 cc to 100 cc, 101 cc to 400 cc, 401 cc to 650 cc 2) By End-Use: Gardening, Industrial, Construction 3) By Equipment: Lawnmower, Chainsaw, String Trimmer, Hedge Trimmer, Portable Generator, Rotary Tiller, Pressure Washer, Concrete Vibrators, Concrete Screed, Edger, Leaf Blower, Snow Blower