Marine Market Research Report

of the industry trends and drivers and projections about its future growth and revenue patterns based on in-depth historical research. One of the most important verticals in the energy and power industry is the marine domain, which comprises of technologies, techniques, and machineries. Seaborne trade and offshore hydrocarbon exploration & production are two of the most important economic activities that characterize this domain. Marine engines, for example, make possible the movement of goods across international waters by powering cargo and passenger seafaring vessels. Moreover, increasing marine trade around the world is creating new growth opportunities in this industry and fueling the demand for marine-specific engineered products and tools to aid the efficiency of ships and other vessels. For instance, Fortune Business Insights™ study found that two-stroke marine engines are being increasingly preferred for powering supertankers and ultra-large vessels used for trading purposes. Furthermore, the study notes that rising frequency of seaborne trade activities in India and China will surge the markets related to the marine industry. Thus, our studies aim to equip businesses with relevant information so that they can align their strategies with the industry trends and forthcoming opportunities.