NEW
YORK, June 26, 2024 /PRNewswire/ -- The
global marine air conditioning (AC) systems market size
is estimated to grow by USD 3702.3 mn
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of over 2.59% during the forecast
period. Robust growth in commercial shipping is
driving market growth, with a trend towards increasing
marpol regulations. However, high safety issues and piracy
threats associated with digital air conditioning systems
poses a challenge. Key market players include Aquamare Marine
Ltd., BRONSWERK GROUP Ltd., Carrier Global Corp., Chongqing Acir
Marine Co. Ltd., Daikin Industries Ltd., Dometic Group AB, Eberca
Holding BV, Flagship Marine Inc., FRIGOMAR Srl, GEA Group AG,
Heinen and Hopman, Johnson Controls International Plc., Mabru Power
Systems, MARINAIRE TECHNOLOGIES INC., Nissin Refrigeration and
Engineering Ltd., Ocean Breeze, Pompanette LLC, The Koja Group,
Veco S.p.A, and Webasto SE.
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report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Chiller
systems, Self contained systems, and Split systems), End-user
(Leisure ships and Commercial ships), and Geography (APAC, Europe,
North America, South America, and Middle East and
Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
Aquamare Marine Ltd.,
BRONSWERK GROUP Ltd., Carrier Global Corp., Chongqing Acir Marine
Co. Ltd., Daikin Industries Ltd., Dometic Group AB, Eberca Holding
BV, Flagship Marine Inc., FRIGOMAR Srl, GEA Group AG, Heinen and
Hopman, Johnson Controls International Plc., Mabru Power Systems,
MARINAIRE TECHNOLOGIES INC., Nissin Refrigeration and Engineering
Ltd., Ocean Breeze, Pompanette LLC, The Koja Group, Veco S.p.A, and
Webasto SE
|
Key Market Trends Fueling Growth
The marine air conditioning (AC) systems market faces challenges
due to increasing regulations aimed at reducing emissions from
ships. Annex VI of the MARPOL convention sets limits on nitrogen
oxides (NOx) and requires vessels to use fuel with lower sulfur
content. US-flagged ships must have an Engine International Air
Pollution Prevention (EIAPP) certificate, while non-US-flagged
ships are subject to Port State Control. Compliance increases
operational and capital costs, potentially impacting market
growth.
The marine air conditioning (AC) systems market is experiencing
significant growth due to increasing demand for comfort and
efficiency on ships. Cruise lines and cargo vessels alike
prioritize the use of modern, energy-efficient systems. Vessels are
equipped with cooling technologies like vapor-compression,
refrigeration, and air handling units. Capacitance and refrigerant
gases such as R134a and R410a are commonly used. The market also
focuses on lightweight and compact designs for improved fuel
efficiency. Additionally, the trend towards the use of renewable
energy sources for AC power is gaining momentum. Overall, the
marine AC systems market is a dynamic and evolving sector, driven
by advancements in technology and the need for sustainable
solutions.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The shipping industry plays a crucial role in globalization and
economic interlinking of countries. However, it faces significant
challenges from piracy and cybersecurity threats. In the maritime
sector, Europe, Southeast Asia, East
Asia, South Asia, the
Persian Gulf, Madagascar, the
Canary Islands, North America, and
the Caribbean Sea are regions experiencing increased piracy
activities. Traditional risks persist, but cybersecurity threats to
interconnected systems are emerging. Shipowners must secure their
marine vessels' smart technology and portable devices against
cyber-attacks to protect sensitive information and ensure personnel
safety. The global maritime industry must prioritize cybersecurity
to mitigate potential piracy risks and safeguard market
growth.
- The Marine Air Conditioning (AC) Systems market faces several
challenges. Capacity and cooling demands vary greatly depending on
ship size and climate conditions. Vessels in tropical waters
require more powerful systems than those in temperate regions.
Additionally, the use of refrigerants with high global warming
potential (GWP) and ozone depletion potential (ODP) is a concern.
The transition to low-GWP and low-ODP refrigerants is a complex
process, requiring significant investment and regulatory
compliance. Coastal areas and shipping lanes are subject to high
humidity, which can impact system efficiency and durability.
Furthermore, the need for energy efficiency and fuel savings is
driving innovation in marine AC systems. The use of renewable
energy sources and hybrid systems is becoming increasingly popular.
Overall, the marine AC Systems market requires continuous
innovation and adaptation to meet the unique challenges of the
maritime industry.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This marine air conditioning (ac) systems market report
extensively covers market segmentation by
- Product
- 1.1 Chiller systems
- 1.2 Self contained systems
- 1.3 Split systems
- End-user
- 2.1 Leisure ships
- 2.2 Commercial ships
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Chiller systems- The marine air conditioning
market is driven by the expanding marine tourism industry and
increasing demand for energy-efficient cooling solutions. Chiller
systems, a key component of advanced marine AC systems, are in high
demand due to their energy efficiency and ability to provide
climate control in various maritime applications. Factors such as
changing passenger expectations, technological advancements, and
environmental regulations further fuel the growth of this market.
Vessel operators and leisure ship owners invest in these systems to
ensure a comfortable and enjoyable experience for passengers and
crew members.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
In the dynamic maritime industry, Marine Air Conditioning (AC)
Systems play a crucial role in ensuring optimal Temperature and Air
quality for Crew and Cargo. With urbanization and enhanced
globalization, the demand for energy efficiency in shipbuilding has
become imperative. Overcapacity in the industry has led to a focus
on cost-effective solutions, making Heat, Air, and Refrigerant gas
systems a significant consideration. Sea water, a readily available
resource, is increasingly being used as a natural refrigerant in
these systems. The Marine AC Systems market is witnessing robust
growth, driven by the need for sustainable and energy-efficient
solutions in the face of ongoing urbanization and globalization
trends. The market is expected to continue its expansion, offering
lucrative opportunities for innovations in Crew comfort, Cargo
preservation, and overall system efficiency.
Market Research Overview
The Marine Air Conditioning (AC) Systems market caters to the
cooling requirements of various marine applications, including
ships, yachts, and offshore platforms. These systems ensure optimal
comfort and productivity by maintaining ideal temperature and
humidity levels in marine environments. The market is driven by
factors such as increasing demand for larger and more luxurious
vessels, stringent regulations for crew comfort, and the growing
trend towards energy efficiency. Refrigerants, such as HVAC and
R410A, are commonly used in marine AC systems. The market also
includes various components, such as compressors, evaporators, and
condensers, to ensure efficient and effective cooling.
Additionally, the market is witnessing the adoption of smart
technologies, such as IoT and AI, to enhance system performance and
reduce maintenance costs. Overall, the Marine AC Systems market is
expected to grow significantly in the coming years due to these
factors.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Chiller Systems
- Self Contained Systems
- Split Systems
- End-user
-
- Leisure Ships
- Commercial Ships
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio 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 17,000 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Infiniti Research, Inc.