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17th October, 2018 – Rising demand for high-value pleasure vessels such as yachts and cruise ships is estimated to drive the growth of Marine Gensets market over the next six years.
Additionally, 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.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/marine-gensets-market/request-sampleThe marine gensets market can be classified on the basis of end-use vertical into three types; pleasure or leisure, commercial, and defense vessel segments.
Pleasure vessels include cruise ships, ferries, sports & sailing yachts, ocean liners, and catamaran watercrafts.
