Marine Turbine Market to Reach USD 2.9B by 2033
According to Research Intelo, the global marine turbine market was valued at USD 1.7 billion in 2024 and is projected to reach USD 2.9 billion by 2033, expanding at a CAGR of 6.1% from 2025 to 2033. This growth reflects increasing investment in naval modernization, hybrid propulsion systems, and cleaner maritime operations.
As the maritime sector undergoes rapid modernization, a central question emerges: How will marine turbines evolve to meet rising demands for efficiency, decarbonization, and global fleet renewal?
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