Marine Generator Market in Asia Pacific to Expand

Press Release
Tuesday, July 17, 2012

Chinese marine generator sets to lead in production capacity by 2020 in the Asia Pacific market according to a Frost & Sullivan report

The recovery of the ship building industry will stoke demand for marine generator sets in the Asia Pacific, with customers preferring to install multiple units of lower output generator sets in their vessels instead of a single heavy-duty generator set.

The Southeast Asian and the North Asian markets are showing huge potential as they are continually involved in the export and import of raw materials. However, with competitively-priced Chinese brands flooding the Asia Pacific market, local participants will be hard pressed to make their presence felt or get a toe-hold.

The report says that It is vital for foreign companies to establish a local presence to gain trust and support from their partners and clients, obtain contacts and attract venture capital funding. This is because customers prefer locally packaged generator sets of popular brands, for their overall low prices.

Chinese participants' increasing dominance will make the market highly price sensitive and eat into the profits of established companies, eroding overall market revenues.

"Dealers may be forced to remove less-performing brands and concentrate on the more popular brands," saysFrost & Sullivan Research Analyst Subha Krishnan. "The demand from the commercial segment, effective pricing, economic recovery and modernization of engines are expected to drive the marine generator set market in the next five years."

The full report may be accessed here.



 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Coatings Quietly Helping to Control Noise

U.S. Navy’s AGOR Research Vessels are built to be as operationally quiet as possible. That’s where Mascoat’s Sound Control-dB coatings come in. When the U.S. Navy

Wärtsilä Launches AHTS Vessel Design at Sea Asia

Wärtsilä launched a new anchor handling tug supply (AHTS) vessel design at this year's Sea Asia exhibition held in Singapore from April 21-23.   According to the designer,

Royal IHC introduces IHC Workhorse

Royal IHC has announced an extension to its innovative range of vessels with the introduction of the IHC Workhorse. This new design for a hybrid anchor handling

Marine Power

GE Contracted to Service Australian Navy Frigates

GE has signed an in-service support contract with the Australian Defense Materiel Organization’s Maritime Cross-Platform Systems Program Office.  Under the contract,

Pollet to Lead R&D at Coldharbour Marine

Coldharbour Marine Ltd. has appointed Professor Bruno Pollet to head its R&D department.   Bruno Pollet moves to Linby, Nottinghamshire from the University of the Western Cape,

Vane Brothers Welcomes Latest Tug Newbuild

The Vane Brothers Company, a marine transportation provider headquartered in Baltimore, has taken delivery of Kings Point, the latest in a wave of Maryland-built tugboats.

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1037 sec (10 req/sec)