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Newstrail
Newstrail
The global marine vessel market size is set to gain momentum from the ongoing innovations in the shipping industry to enhance energy efficiency. Hence, companies are rapidly shifting towards eco-friendly hybrid propulsion systems to reduce cost and surge efficiency. This information is given by Fortune Business Insights™ in a report titled, “Marine Vessel Market, 2021-2028.” As per the report, the market stood at USD 168.56 billion in 2020. It is projected to grow from USD 170.75 billion in 2021 to USD 188.57 billion in 2028 at a CAGR of 1.43% during the forecast period. A list of renowned mar…