Research and Markets (http://www.researchandmarkets.com/research/khxfl9/marine_gensets) has announced the addition of the "Marine Gensets Market in Europe 2014-2018" report to their offering.
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.
Key vendors dominating this space are:
- Caterpillar Inc.
- Cummins Inc.
- Kohler Co.
- Mitsubishi Heavy Industries Ltd.
Other vendors mentioned in the report are:
- ABB Ltd.
- GE Co
- Siemens AG
- Yanmar Co. Ltd.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Product
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/khxfl9/marine_gensets
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Research and Markets
Laura Wood, Senior Manager
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Sector: Engineering
