Marine Gensets Market Share, Growth Analysis and Forecast Report 2012-2022
Increasing demand for commercial boats and ships engaged in transportation and trade is anticipated to trigger growth in the industry.The demand for bio-diesel generator sets is estimated to escalate over the forecast period and is anticipated to contribute significantly to industry expansion. Increasing emphasis on adoption of non-conventional & renewable sources of energy and the need for minimizing vessel emissions can be attributed as a major reason for rise in demand for bio-diesel generator sets. Rising oil prices and high maintenance costs are expected to affect the demand for diesel based gensets.
Content
Increasing demand for commercial boats and ships engaged in transportation and trade is anticipated to trigger growth in the industry.The demand for bio-diesel generator sets is estimated to escalate over the forecast period and is anticipated to contribute significantly to industry expansion. Increasing emphasis on adoption of non-conventional & renewable sources of energy and the need for minimizing vessel emissions can be attributed as a major reason for rise in demand for bio-diesel generator sets. Rising oil prices and high maintenance costs are expected to affect the demand for diesel based gensets.
