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19:43 | 10.11.2017
Top Trends in Fuel Cells for Marine Vessels Market – Technavio

Technavio’s latest market research report on the global
fuel cells for marine vessels market provides an analysis of
the most important trends expected to impact the market outlook from
2017-2021. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20171110005507/en/
Technavio has published a new report on the global fuel cells for marine vessels market from 2017-2021. (Graphic: Business Wire)
One of the key drivers fueling the growth of the global fuel cells for
marine vessels market is the rising demand for alternate propulsion
systems. Over the years, there has been substantial evolution in marine
propulsion systems market. Conventional systems are typically based on
diesel engines and gas turbines, with their primary function being to
convert chemical energy of the fuel into mechanical energy. There has
been a shift towards alternative propulsion systems in the recent years.
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The three emerging market trends driving the global fuel
cells for marine vessels market according to Technavio research
analysts are:

Evolution of hydrogen as a marine fuel

Adoption of AIP technology

Emergence of hybrid propulsion systems
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sections of the report including the market size and forecast, drivers,
challenges, trends, and more.Evolution of hydrogen as a marine fuel
There has been a shift towards fuels such as low sulfur fuel oil (LSFO,
which releases negligible sulfur oxide emissions) and hydrogen fuel
(which has zero emissions owing to the production of water on burning)
by the global marine transportation industry because of stringent
regulatory pressures from governments and increase in bunker fuel oil
prices. Globally, there has been increased recent adoption of hydrogen
fuel for transportation applications.

According to Moutushi Saha, a lead analyst at Technavio for defense
technology, “Hydrogen can be produced by electrolyzing water. If the
electrolysis process uses renewable energy sources (like wind energy),
the hydrogen fuel that is produced is also renewable. Hydrogen is being
deployed in fuel cells to power propulsion system of marine vessels
because of such advantages. In 2012, FutureShip, a German company,
designed a zero-emission container feeder vessel, which is expected to
be operational by 2017. Small vessels that possess regular refueling
ability also use hydrogen fuel cell technology.”
Adoption of AIP technology
Air-independent propulsion (AIP) is a technology that uses fuel cells to
power the propulsion system of marine vessels such as submarines. It
permits non-nuclear submarines to operate without the need to surface
for oxygen. Nuclear submarines utilize onboard nuclear reactors to
generate power whereas the non-nuclear submarines typically run on
battery power. Due to their low acoustic signature, the stealth
capabilities of non-nuclear submarines can be enhanced.

Some submarines use fuel cells such as PAFCs and PEMFCs. A fuel
cell-based AIP system, is being developed by India that can be
integrated in submarines. Luxury cruise vessels are also focusing on
quieter operation.
Emergence of hybrid propulsion systems
There has been rising interest in reducing the negative impact of the
shipping industry because of the increase in the volume of world trade
by sea route by 80%. The International Maritime Organization (IMO) has
thus planned regulations, measures, and emission reduction policies to
control GHG emissions by marine vessels. To measure the increase in
energy efficiency of ships, the hybrid electric power and propulsion
concepts have been recommended by experts as an EEDI.
“Several changes have been brought to battery technology by the
recent advancements in marine propulsion systems. A wide range of
advantages are offered by the battery system with fuel cells and hybrid
electric systems, which is an emerging technology. There is no release
of any harmful emission by recharging such batteries. Additionally, such
setups allow the generation of electricity to power the gas turbine
propulsion system in ships,” says Moutushi.
Browse Related Reports:Global
Defense Fuel Cells Market 2017-2021Global
Military Laser Systems Market 2017-2021Global
Military Simulation and Virtual Training Market 2017-2021About TechnavioTechnavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171110005507/en/


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