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【English Market Research Report】Global Market for Hybrid Propulsion in Marine Vessels

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The global marine hybrid propulsion market was valued at approximately 4.62 billion USD in 2022 and is projected to grow at a healthy growth rate of over 12.4% during the forecast period from 2023 to 2030. Marine hybrid propulsion integrates internal combustion engines with electric motors and energy storage, leading to improved fuel efficiency and reduced environmental footprint. This innovative approach provides adaptability, allowing vessels to navigate effectively across diverse speed and cargo requirements. By utilizing both conventional and electric power sources, marine hybrid propulsion systems actively support sustainability efforts in the maritime sector while enhancing operational effectiveness and reliability. The global marine hybrid propulsion market continues to grow due to factors such as reduced fuel consumption and increasing concern for the environment.

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