The World Shipbuilding Industry Is Forecast To Spend $9.2 Billion on Marine Propulsion Systems in 2006 and This Is Set To Rise Through to 2008.
This new 3rd edition of the report examines the future prospects for the marine propulsion sector.
It discusses marine propulsion systems, reviewing technical developments and considering future trends impacting on the marine propulsion business.
The world shipping and shipbuilding industry is currently enjoying a strong upturn, so therefore is the propulsion market.
"Propulsion system and engine values are expected to grow considerably over the forecast period."
In common with other reports in this acclaimed series, 'The World Marine Propulsion Report' is designed for executive readers and does not assume the reader has a detailed technical knowledge of the subject.
Contents include: a review of different engine types, including low, medium & high-speed diesels, gas turbines, and electrical propulsion systems. Dynamic positioning, thrusters, pods and water jets are also reviewed together with power transmission systems, propeller design developments, control systems and the all-electric ship.
Trends in engine development discussed include the effects of current & future regulatory requirements and demands for improvements in emission performance and fuel consumption.
A section of the report considers the needs of the special vessel fleet including offshore and fast passenger vessels.
Using information from the Lloyd's Register - Fairplay databases of worldwide vessels of 100 GRT and above, 'The World Marine Propulsion Report' gives a detailed analysis of the main data on the sector and shows the trends impacting on engine deliveries over the past five years
Analysis includes the relationship between global GDP and world seaborne trade, vessel deliveries by type, gross tonnage output, total propulsive power and the number of vessels delivered by region.
Engine deliveries are analysed by engine type and manufacturer and the market shares established for all the significant players.
A specially developed model is used to forecast the market over the next five years. This takes into account the major factors that are likely to impact on the sector such as oil prices, increasing vessel sizes, changes in global trade patterns etc.
The results are output as a series of tables and charts forecasting sales from 2006-2010 by differing types of propulsion systems both in units and US$ values segmented by region and vessel type.
The world shipbuilding industry is forecast to spend $9.2 billion on marine propulsion systems in 2006 and this is set to rise through to 2008. From 2009-10 the recommencement is expected of more 'normal' activity levels, as the new tonnage filters through and is absorbed by the market. Over the period 2006 to 2010, $47.2 billion is likely to be spent compared with $26.9 billion over the previous five year period - an increase of 76%. These are amongst the findings of the latest edition of The World Marine Propulsion Report 2006- 2010.
In 2006 alone, engines are likely to be installed with a total power output of 24.5 GW. According to the study analyst Georgie MacFarlan, "this is the equivalent to the total capacity of 20 nuclear power stations.
Shipbuilding boom continues
"The world shipping and shipbuilding industry is currently enjoying a strong upturn. In early 2005, China displaced Britain as the world's fourth biggest economic power. This is reflected in the increase in the market to satisfy this boom.
"World economic growth is buoyant and it is expected to remain strong in the medium term boosted by the very strong growth of the Chinese economy and, to a lesser extent, in other developing economies. World seaborne trade has increased due, in part, to a boom in demand for commodities such as oil & steel. The commercial shipping industry has become more profitable than during the previous decade and confidence has grown. The overall result has been a surge of orders for vessels and yards currently have full order books.
"We expect record years ahead with shipbuilding output over 50 million gross tonnes for 2006, 2007 and 2008 with compensated gross tonnage (cgt) output in 2006 and 2007 of over 34 million respectively.
"Due to the cost of new-builds increasing over the period, the total value of shipbuilding output is expected to exceed $80 billion by 2008 with over 2,300 vessel deliveries and nearly 3,300 main engine installations.
Starting to return to trend
It is unlikely that such high economic growth rates can continue indefinitely and from 2009- 10 we expect the recommencement of more 'normal' activity levels.
Shipbuilding output may only start falling at the end of the forecast period, as such high ordering activity levels have led to long delivery lead-times on vessels. Output by 2010 is, we believe, set to fall back to levels just above 2005, at 48 million gross tonnes. However, in value terms, the propulsion market in 2010, bolstered by high new-building costs, will be just.
"In 2001 Chinese yards accounted for 9% of main engine installations by value. By 2010, we forecast this to grow to 14%. South Korea is also expected to deliver substantially more vessels in our forecast period and to also grow its overall share. Japan's output will increase, but its overall share will decline slightly. Other Asian countries are expected to improve their performance and maintain market share.
High powered growth for LNG
The high power requirement for container vessels means that this vessel sector will continue to require the greatest amount of main engine power. This will be followed by tankers and bulk/general cargo vessels. The sector with the strongest growth will be the LNG vessels, but tankers and containers will also show strong growth. Passenger/cruise will show a small overall decline with the fishing sector's decline being more pronounced.
LNG vessels are a special sector and this fleet will grow considerably as the LNG business continues to expand and the values of engines and propulsion systems will grow by more than 125%. under $9.4 billion with an engine market of around $6.9 billion.
Topics Covered Include:
- Summary & conclusions - unit sales of engines and US$ values 2006-10. Macro trends likely to impact on the marine propulsion business.
- Introduction - propulsion system configurations on different vessel types.
- Engines - low, medium and high-speed diesels. Two-stroke and four-stroke diesel, heavy fuel oil four-strokes, auxiliary power, gas engines, turbochargers, management systems, fuel injection; electronic, hydraulic, common rail.
- Electric propulsion - power generation, electric motors, pods, rim driven pods.
- Thrusters - azimuth, tunnel, retractable, waterjets, pump jets.
- Turbines - gas turbines, combined cycle units, steam turbines.
- Fuels - fuels for marine diesel engines, gas turbines, alternative fuels; biodiesel, LNG, CNG, solar power, hydrogen, fuel cells, nuclear, windpower.
- Emissions - MARPOL, USA, Europe, control methods, exhaust treatments, selective catalytic reduction, other exhaust treatments.
- Propellers - history, propeller types, ducted, ring, contra-rotating, Voith- Schneider, design, cavitation, manufacture.
- Transmission - gears, shaft alignment, bearings & seals, composite shafts, couplings, rudders.
- Control systems - engine control, integrated bridge, DP, heading and motion.
- Special vessels - container ships, LNG carriers, tugs, coastguard vessels, offshore, fast Ropax vessels, 'fast' ships, ground effect craft.
- Shipbuilding & propulsion 2001-2005 - vessel construction, vessel sizes, regional analysis, vessel types, engine types, manufacturers.
- Market forecasts to 2010 - by vessel numbers, gross tonnage, vessel value, power from main engines, engine numbers, propulsion systems value, main engine value, engine makers market share.
- Appendices - company profiles.
For more information visit http://www.researchandmarkets.com/reports/c43845
|Printer friendly Cite/link Email Feedback|
|Date:||Oct 19, 2006|
|Previous Article:||JLG Announces Expansion of ServicePLUS(R) Operations.|
|Next Article:||Betsy Atkins Joins Netcordia's Board of Directors.|