Global Marine Hybrid Propulsion Market to Reach US$4,455.88 Million by 2022

ALBANY, N.Y.--()--A market study recently published by Transparency Market Research (TMR) has determined the overall revenue of the global marine hybrid propulsion market in 2013 at US$2,240.00 million and has projected its rise at an 8.02% CAGR between 2014 and 2022 in order to attain an estimated revenue amounting to US$4,455.88 million by the end of the forecast period.
“Marine Hybrid Propulsion Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022”
The research report, titled“Marine Hybrid Propulsion Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022”, signifies that the increasing investment for research and development of marine hybrid propulsion systems by shipping companies is fueling the growth of the marine hybrid propulsion market to a significant extent.
According to the report, the diesel-electric system is the most common technology configuration utilized in the global marine hybrid propulsion market. This segment is expected to maintain its dominance over the forecast period.
Among end users, ferries dominate the global marine hybrid propulsion market in terms of installation. Owing to the substantial amount of investments from ferry operators, particularly in Europe, the global market is likely to grow extensively during the forecast period.
The market report also discusses the performance of the marine hybrid propulsion market on a regional level. At present, the marine hybrid propulsion market in Europe and North America are leading the global market for marine hybrid propulsion systems. Apart from this, the market in Asia Pacific is expected to emerge as the most attractive regional market over the forecast period.
Siemens, UQM Technologies, General Electric, Schottel, Rolls-Royce, Imtech Marine, BAE Systems, Caterpillar, Alewijnse, Aspin Kemp & Associates, Torqeedo, and Steyr Motors are some of the major players in the global marine hybrid propulsion market profiled in this report.
About TMR
Transparency Market Research is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Hybrid Propulsion for New Fairplay Tugs

Fairplay XI (Photo: SCHOTTEL)

The Fairplay fleet in Rotterdam welcomes two new members: The hybrid tractor tugs Fairplay IX and Fairplay XI, each equipped with a SCHOTTEL hybrid propulsion system including two SCHOTTEL Rudderpropellers SRP 4000 with hybrid gearboxes, two electric motors and an integrated steering control system, specialized for hybrid propulsion.
 
Tugs are required to fulfill a variety of daily tasks, covering the full power spectrum, from stand by periods to towing operations. The installed hybrid propulsion concept enables the Fairplay tugs to operate with an optimal power output, SCHOTTEL said. At part load, the electric motors (600 kW each) suffice while the two MTU diesel engines (2,240 kW each) are employed for operation at full load. Here, the electric motor can be switched on to provide additional power. The 29 meter long tractor tugs have a bollard pull of 90 t and travel at a maximum speed of 13.5 knots.
 
The SCHOTTEL hybrid propulsion concept is suitable for Rudderpropellers with power input ratings of up to 4,200 kW. It offers a flexible combination of diesel engine and electric motor power due to the hybrid gearbox. The power output of the electric motor is variable according to the applied diesel engine performance and rotation speed. “That is why we are able to offer to our customers individual solutions for every vessel,” explained Eric Steffens, Mechanical Engineering and Design department at SCHOTTEL. “Additionally, we see a clear advantage in offering our customers a one-stop-shop for hybrid propulsion. The joint delivery of thruster, gearbox, electric motor and steering control system reduces the interfaces with other component suppliers significantly and thus equips the customer with one point of contact for the whole system.”
 
Hybrid drive systems reduce pollutant emissions and fuel consumption, since the electric motor diminishes the operating hours of the diesel. This increases the mean time between overhauls (MTBO) and reduces maintenance costs.
 
Another feature of the SCHOTTEL one-stop-shop hybrid propulsion solution is the included steering control which is optimized for the flexible operation with two different motor types and integrated in the vessel’s control panel from the outset.
 
“While we equipped quite a lot of tugs from the Fairplay fleet, these two are the first with our hybrid propulsion solution.” Steffens said. “We greatly enjoyed the cooperation with Astilleros Armon shipyard and Fairplay and are already looking forward to share future projects.”

Bill Calvert - Natural Gas Vehicle Pioneer Joins Blue Gas Marine Team

This press release was orginally distributed by ReleaseWire
Apex, NC -- (ReleaseWire) -- 07/15/2015 -- Bill Calvert, Co-Founder of BAF Technologies, a subsidiary of Westport Innovations Inc. (NASDAQ- WPRT) has joined Blue Gas Marine, Inc. (BGM) as an executive advisor, to assist the management team in accelerating the adoption of its Natural Gas Hybrid Fuel System technology, the first of its kind in the marine industry. Bill has spent more than 30 years in the compressed natural gas (CNG) industry.

Under Bill's leadership BAF grew into the leading provider of natural gas vehicle (NGV) systems in the United States, converting over 20,000 vehicles and achieving $42MIL in annual revenue*. Calvert will focus his efforts on leveraging his industry relationships and experience to establish BGM as an industry leader in marine alternative fuel systems.

Specifically Bill will be working directly with marine engine OEM's adopting BGM's fuel system technology to draw from the experiences of their automotive counterparts and provide access to his extensive network of natural gas companies and fuel suppliers to further expand BGM's rapidly growing fuel infrastructure network.

Having worked directly for decades with The US Department of Energy (DOE) as well as state and local governments and advocacy groups to provide funding for the development and adoption of cleaner fuel technologies, Bill is well positioned to assist BGM in the process of accessing loans and grants for on-the-water CNG fueling stations and its' onboard fueling technology.

"We are excited and privileged to have Bill join our team. His track record of essentially creating the NGV industry in the US speaks for itself. His depth of work and legacy will be invaluable to Blue Gas Marine. He will help us immediately connect with key decision makers to fuel the growth and adoption of our revolutionary technology." said Miguel Guerreiro, President & CEO Blue Gas Marine, Inc.

Bill Calvert, said, "This opportunity allows me to be part of an exciting company in natural gas powered transportation, which is obviously close to my heart, and extends the reach of natural gas as an alternative fuel, to an entirely new sector, which is the marine industry."

About Bill Calvert
Bill Calvert began his career in the Alternative Fuel Vehicle industry in 1982 as national sales manager for Advanced Fuel Systems. Since then he has been involved in many AFV programs, providing leadership and direction for manufacturers, utility companies, governments, private companies, organizations and industry leaders. In 1992, he co-founded Bachman NGV that, in 2003, became BAF Technologies. In 2009, BAF Technologies was acquired by Clean Energy Fuels (NASDAQ- CLNE). In 2013, BAF Technologies was acquired by Westport Innovations Inc. (NASDAQ- WPRT) for $25MIL.

In 2012, Bill was the recipient of the esteemed NGV Lifetime Achievement Award from NGVAmerica, in recognition for his 30 years in the natural gas vehicles industry.

About Blue Gas Marine
Blue Gas Marine, Inc. is the leading green-energy corporation dedicated to make natural gas available for boats, as a clean and affordable fuel. The Company has developed a proprietary fuel system that allows existing marine engines to use natural gas as a hybrid or primary fuel. The system reduces fueling costs by 70% and reduces pollution by as much as 90%. Customers include: boat manufacturers, marinas, commercial fishermen, fleets, recreational users and government agencies. Blue Gas Marine, Inc. provides the only fueling option that delivers to customers a lower cost and lower risk solution when converting to a green alternative. Learn more by visiting BlueGasMarine.com or on Facebook.com/BlueGasMarine.

*As per Clean Energy Fuels Form 10K- 3/11/2011
For more information on this press release visit: http://www.releasewire.com/press-releases/release-610681.htm

Media Relations Contact

Carrie Guerreiro
Telephone: 919-238-3427
Email: Click to Email Carrie Guerreiro
Web: http://www.bluegasmarine.com


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