Marine propulsion systems play a crucial role in powering vessels, from luxury yachts to cargo ships. This industry consists of companies specializing in designing and manufacturing engines, propellers, and advanced technologies like hybrid and electric systems. The focus has shifted towards sustainability, with firms investing in cleaner energy sources to reduce emissions and enhance efficiency. As regulations tighten and environmental concerns grow, innovation continues to drive the market. Future developments may emphasize electric propulsion and integrated systems, which could revolutionize maritime transport by promoting eco-friendly practices while maintaining operational reliability.

The companies included in this list vary substantially in size, with many employing between 200 and 10,000 people. They are headquartered in regions famous for maritime activities, such as Germany, Sweden, and the United States, reflecting strong ties to the industry. Founded mainly in the early 20th century, these organizations specialize in marine engines, propulsion systems, and supporting technologies. Their longevity speaks to an evolving sector that meets both traditional demands and emerging trends in eco-conscious design and safety.

Continue reading to explore the top marine propulsion systems companies.

Top 28 Marine Propulsion Systems Companies

1. Rolls-Royce Power Systems AG

• Website: mtu-solutions.com
• Ownership type: Private
• Headquarters: Friedrichshafen, Baden-Württemberg, Germany
• Employee distribution: Germany 53%, India 15%, United States (USA) 9%, Other 23%
• Founded year: 1909
• Headcount: 5001-10000
• LinkedIn: rolls-royce-power-systems-ag

Rolls-Royce Power Systems AG, based in Friedrichshafen, Germany, is a manufacturer specializing in power solutions and engines across multiple industries, including marine, power generation, oil & gas, mining, and rail. Founded in 1909, the company operates under the mtu brand, which is recognized for its advanced propulsion systems and marine engines. Rolls-Royce Power Systems AG provides a comprehensive range of products and services, including propulsion systems, marine gensets, and automation solutions. Their commitment to sustainability is evident in their development of climate-neutral technologies and digital solutions aimed at optimizing operational efficiency. The company also offers extensive service solutions, ensuring support throughout the lifecycle of their products. With a workforce of approximately 5,000 employees, they maintain a global presence, with significant operations in Germany, India, and the United States.

2. Volvo Penta

• Website: volvopenta.com
• Ownership type: Private
• Headquarters: Gothenburg, Västra Götaland, Sweden
• Employee distribution: Sweden 70%, United States (USA) 10%, Brazil 4%, Other 16%
• Founded year: 1907
• Headcount: 1001-5000
• LinkedIn: volvopenta

Volvo Penta, based in Gothenburg, Sweden, is an engine manufacturer with a strong focus on marine and industrial applications. Founded in 1907, the company has built a reputation for providing high-quality internal combustion engines and complete power systems. Their offerings include sterndrive and inboard drive systems, which are essential for efficient marine operations. With a workforce of over 2,200 employees, Volvo Penta serves a global market, with a significant presence in Sweden and the United States. The company is dedicated to innovation and sustainability in the marine sector, ensuring that their products meet the evolving needs of their customers.

3. Mercury Marine

• Website: mercurymarine.com
• Ownership type: Corporate
• Headquarters: Fond Du Lac, Wisconsin, United States (USA)
• Employee distribution: United States (USA) 81%, Mexico 3%, Australia 3%, Other 12%
• Latest funding: $95.0M, April 2024
• Founded year: 1939
• Headcount: 5001-10000
• LinkedIn: mercury-marine

Mercury Marine, based in Fond Du Lac, Wisconsin, is a prominent manufacturer of marine engines, particularly known for its outboard engines, sterndrives, and electric propulsion systems. The company serves a wide array of customers, from recreational boaters to commercial operators, providing high-quality products designed to enhance boating performance. With a workforce of over 2,700 employees, Mercury Marine emphasizes innovation and reliability in its offerings. As a division of Brunswick Corporation, it benefits from a robust corporate structure that supports its operations and growth initiatives. The company has also recently secured significant funding, indicating ongoing investment in its product development and market expansion efforts. Mercury Marine's commitment to sustainability and advanced technology, such as their SmartCraft systems, further underscores its role as a key player in the marine propulsion industry.

4. Bergen Engines

• Website: bergenengines.com
• Ownership type: Corporate
• Headquarters: Bergen, Vestland, Norway
• Employee distribution: Norway 60%, India 12%, Italy 8%, Other 21%
• Latest funding: $100.1M, January 2022
• Founded year: 1943
• Headcount: 501-1000
• LinkedIn: bergen-engines

Bergen Engines, based in Bergen, Norway, specializes in the manufacture of medium-speed reciprocating engines for both marine and land-based applications. Founded in 1943, the company has built a reputation for reliability and efficiency, producing over 7,000 engines since its inception. Their product range includes engines that power various marine vessels, from commercial ships to offshore platforms and fishing boats. Bergen Engines is also committed to sustainability, focusing on integrating renewable energy solutions and future fuels into their offerings. The company was previously owned by Rolls-Royce plc until 2021 and is now part of Langley Holdings plc. With a workforce of around 397 employees, Bergen Engines continues to innovate in the field of marine propulsion, ensuring their engines meet the evolving demands of the industry.

5. Thrustmaster of Texas

• Website: thrustmaster.net
• Ownership type: Private
• Headquarters: Houston, Texas, United States (USA)
• Employee distribution: United States (USA) 97%, China 3%
• Founded year: 1984
• Headcount: 201-500
• LinkedIn: thrustmaster-of-texas

Thrustmaster of Texas, Inc. is a Houston-based manufacturer that specializes in marine propulsion systems and thrusters. Founded in 1984, the company has built a reputation for producing high-quality products tailored for marine operators and offshore construction firms. Their offerings include azimuth thrusters, dynamic positioning systems, water jets, and hybrid propulsion systems, among others. Thrustmaster's products are designed to enhance maneuverability and operational efficiency in various marine applications, from offshore support vessels to military craft. The company operates a large manufacturing facility in Houston, where all thrusters are developed in-house by a skilled engineering team. This facility is equipped with advanced tooling and testing capabilities, ensuring that their products meet rigorous industry standards. Thrustmaster also maintains a global presence with sales offices in key locations such as Rotterdam, Singapore, and Dubai, allowing them to serve a wide range of customers across the globe.

6. MAN Diesel & Turbo

• Website: man-es.com
• Ownership type: Private
• Headquarters: Augsburg, Bavaria, Germany
• Employee distribution: Germany 26%, Denmark 22%, China 9%, Other 43%
• Founded year: 2010
• Headcount: 10001+
• LinkedIn: mandiesel%26turbo

MAN Diesel & Turbo, now known as MAN Energy Solutions, is a manufacturing company based in Augsburg, Bavaria, Germany. Founded in 2010, it specializes in large diesel engines and turbomachinery for both maritime and stationary applications. The company provides a range of products, including gas turbines and technologies aimed at carbon capture and green hydrogen production. Their clientele primarily consists of businesses in the maritime and energy sectors, seeking efficient and sustainable energy solutions. MAN Energy Solutions is actively involved in the marine propulsion market, offering advanced dual-fuel engines that can operate on various fuels, including LNG and methanol. They have also been involved in significant projects, such as supplying propulsion systems for Arctic patrol vessels and luxury yachts, showcasing their capability and relevance in the marine sector.

7. Marine Jet Power

• Website: marinejetpower.com
• Ownership type: Private
• Headquarters: Uppsala, Uppsala, Sweden
• Employee distribution: Sweden 88%, South Korea 7%, Egypt 2%, Other 2%
• Founded year: 1986
• Headcount: 51-200
• LinkedIn: marine-jet-power

Marine Jet Power, based in Uppsala, Sweden, is a private company founded in 1986 that specializes in manufacturing waterjet propulsion systems. With a workforce of approximately 85 employees, the company has carved out a niche in the marine propulsion industry by offering high-efficiency waterjets and advanced control systems tailored for a variety of vessels, ranging from military crafts to commercial boats. Their product lineup includes several models designed for different vessel sizes and operational needs, showcasing their engineering capabilities. Marine Jet Power also emphasizes customer support, providing installation assistance, technical support, and a notable five-year warranty on their products. The company has a strong focus on innovation, particularly in developing hybrid and electric propulsion solutions, which reflects their responsiveness to evolving market demands and environmental considerations. Their clientele includes government and military entities, underscoring their reliability and trustworthiness in critical applications.

8. Steerprop

• Website: steerprop.com
• Ownership type: Private Equity
• Headquarters: Rauma, Satakunta, Finland
• Employee distribution: Finland 92%, United States (USA) 3%, China 3%, Other 3%
• Latest funding: Seed, January 2000
• Founded year: 2000
• Headcount: 51-200
• LinkedIn: steerprop

Steerprop is a marine engineering company based in Rauma, Finland, established in 2000. The firm specializes in the design and manufacturing of advanced propulsion systems for a variety of vessels, catering to maritime businesses and organizations. Their product offerings include comprehensive propulsion systems, spare parts, and condition monitoring services, all aimed at improving maneuverability and environmental performance in demanding conditions. Steerprop has been involved in notable projects, such as providing propulsion systems for the world's largest cable-laying vessel and the Canadian Coast Guard's multi-purpose vessels. The company is dedicated to innovation, focusing on solutions that meet the evolving needs of the maritime industry, particularly in areas like energy efficiency and operational reliability. With a workforce of around 79 employees, Steerprop maintains a strong presence in Finland and has established service contacts in various regions, including North America and Asia.

9. Berg Propulsion

• Website: bergpropulsion.com
• Ownership type: Corporate
• Headquarters: Gothenburg, Västra Götaland, Sweden
• Employee distribution: Sweden 78%, United Arab Emirates 7%, Singapore 7%, Other 7%
• Latest funding: July 2013
• Founded year: 1912
• Headcount: 201-500
• LinkedIn: berg-propulsion

Berg Propulsion, founded in 1912 and based in Gothenburg, Sweden, is a marine propulsion manufacturer that specializes in controllable-pitch propellers and associated systems. The company serves a global clientele, including marine operators and shipbuilders, by providing tailored solutions that enhance vessel efficiency and performance. With a workforce of approximately 245 employees, Berg Propulsion operates production facilities in Sweden and maintains sales offices in strategic locations such as the United Arab Emirates, Singapore, China, and Turkey. Their product offerings include a range of propulsion systems, such as shaftline propellers, azimuth thrusters, and variable frequency drives, among others. Additionally, they provide services like electrical system integration, maintenance, and upgrades, ensuring comprehensive support throughout the lifecycle of their products. Berg Propulsion's commitment to innovation and energy efficiency reflects their proactive approach to the evolving demands of the marine industry.

10. Brunvoll AS

• Website: brunvoll.no
• Ownership type: Private
• Headquarters: Molde, Møre Og Romsdal, Norway
• Employee distribution: Norway 99%
• Founded year: 1912
• Headcount: 501-1000
• LinkedIn: brunvoll-as

Brunvoll AS, based in Molde, Norway, is a maritime technology provider that specializes in propulsion and maneuvering systems for advanced vessels. Established in 1912, the company has built a reputation for quality and customer satisfaction. Brunvoll serves shipbuilders and operators, offering a range of products and services designed to enhance operational efficiency and sustainability. Their offerings include propulsion systems, maneuvering solutions, and automation technologies, which are critical for modern maritime operations. Brunvoll is committed to innovation, focusing on energy-efficient solutions and the integration of hybrid systems. The company also emphasizes training and maintenance support, ensuring that their systems perform optimally throughout their lifecycle. With a workforce of around 500 employees, Brunvoll operates primarily in Norway but has a global sales and service network, reflecting their international reach and commitment to the maritime industry.

11. Baudouin

• Website: baudouin.com
• Ownership type: Private
• Headquarters: Cassis, Provence-Alpes-Côte D'Azur, France
• Employee distribution: France 78%, Spain 5%, Italy 2%, Other 15%
• Founded year: 1918
• Headcount: 51-200
• LinkedIn: soci-t-internationale-des-moteurs-baudouin

Société Internationale des Moteurs Baudouin, based in Cassis, France, has been a significant player in the marine and power generation sectors since its establishment in 1918. The company specializes in manufacturing marine propulsion engines, gensets, and industrial engines, catering to various applications including fishing, passenger vessels, and military operations. Baudouin emphasizes reliability and efficiency in its products, ensuring they meet stringent environmental regulations. Their offerings include advanced hybrid systems and SCR technology to reduce emissions, showcasing their commitment to sustainability. With a workforce of around 285 employees, Baudouin maintains a strong presence in Europe and beyond, providing tailored solutions to meet the specific needs of their clients.

12. Vetus

• Website: vetus.com
• Ownership type: Corporate
• Headquarters: Schiedam, South Holland, Netherlands
• Employee distribution: Netherlands 68%, Spain 6%, United States (USA) 6%, Other 20%
• Latest funding: April 2013
• Founded year: 1964
• Headcount: 51-200
• LinkedIn: vetus

Vetus, founded in 1964 and based in Schiedam, South Holland, Netherlands, is a marine equipment manufacturer that specializes in innovative solutions for leisure craft and small commercial vessels. The company offers a wide array of products, including marine diesel engines, electric propulsion systems, exhaust systems, and thrusters. With a workforce of around 170 employees, Vetus has built a solid reputation for providing high-quality and reliable products that enhance the boating experience. Their customer base includes both individual boat owners and businesses within the marine industry. Vetus has a strong focus on research and development, with over 70% of their products developed in-house. This commitment to innovation is reflected in their recent advancements in electric propulsion technology, which aligns with the growing trend towards eco-friendly boating solutions. The company operates globally, with a significant presence in various countries, ensuring they meet the needs of a broad market.

13. Torqeedo

• Website: torqeedo.com
• Ownership type: Corporate
• Headquarters: Weßling, Bavaria, Germany
• Employee distribution: Germany 85%, United States (USA) 7%, France 3%, Other 5%
• Latest funding: January 2024
• Founded year: 2005
• Headcount: 201-500
• LinkedIn: torqeedo

Torqeedo, founded in 2005 and based in Weßling, Bavaria, Germany, is a company dedicated to electric propulsion systems for boats. They manufacture a variety of products, including outboards, inboards, and hybrid drives, aimed at both recreational boaters and commercial operators. Their offerings are designed to provide sustainable and efficient marine solutions, reflecting a commitment to environmental responsibility. Torqeedo operates through a network of dealers, selling directly to consumers and businesses. The company has established a reputation for innovation in electric mobility, with products that cater to a range of applications, from fishing kayaks to urban ferries. Their focus on clean energy solutions positions them as a significant player in the marine propulsion industry, particularly as the sector shifts towards more sustainable practices.

14. Oceanvolt

• Website: oceanvolt.com
• Ownership type: Private
• Headquarters: Helsinki, Uusimaa, Finland
• Employee distribution: Finland 89%, United States (USA) 11%
• Latest funding: Crowdfunding, $1.5M, December 2022
• Founded year: 2004
• Headcount: 11-50
• LinkedIn: oceanvolt

Oceanvolt, founded in 2004 and based in Helsinki, Finland, is a private company specializing in electric and hybrid marine propulsion systems. With a workforce of approximately 27 employees, Oceanvolt focuses on providing innovative solutions that cater to sailboats, motorboats, and commercial vessels. Their systems are designed to enhance performance while minimizing environmental impact, appealing to both boat builders and private owners. The company has developed a range of products, including high-efficiency motors and hydro generation systems, which allow vessels to generate power while sailing. Oceanvolt's commitment to sustainability is evident in their technology, which eliminates exhaust emissions and reduces noise pollution. In December 2022, the company raised over 1.5 million euros through crowdfunding, reflecting strong market interest in their offerings. Their active engagement with various marine industry stakeholders further demonstrates their relevance and influence in the marine propulsion sector.

15. Anglo Belgian Corporation

• Website: abc-engines.com
• Ownership type: Corporate
• Headquarters: Ghent, Flanders, Belgium
• Employee distribution: Belgium 99%, Other 1%
• Latest funding: June 2016
• Founded year: 1912
• Headcount: 201-500
• LinkedIn: anglo-belgian-corporation

Anglo Belgian Corporation (ABC), based in Ghent, Belgium, has been an engine manufacturer since 1912. The company specializes in marine propulsion systems, land-based power generation, and traction engines. ABC serves clients in the marine and transportation sectors, providing engine solutions that are both reliable and efficient. Their product range includes engines for various types of vessels, such as offshore vessels, coasters, ferries, dredgers, and fishing boats. ABC is known for its focus on innovation and customer service, ensuring that their products meet stringent environmental regulations. The company also emphasizes the importance of service and support, offering maintenance and spare parts to maximize engine performance. With a workforce of around 165 employees, ABC continues to play a significant role in the engine manufacturing industry, particularly in marine applications.

16. Mshs

• Website: mshs.com
• Ownership type: Private
• Headquarters: Fort Lauderdale, Florida, United States (USA)
• Employee distribution: United States (USA) 96%, Brazil 3%
• Founded year: 1983
• Headcount: 201-500
• LinkedIn: mshs

MSHS, founded in 1983 and based in Fort Lauderdale, Florida, is a private company with a workforce of approximately 403 employees. The company specializes in engine services, control systems, and engineered solutions tailored for the Marine, Industrial, Energy, and Defense sectors. MSHS is particularly known for its expertise in marine diesel engine maintenance and repair, serving a variety of clients in the maritime and offshore industries. Their offerings include comprehensive services such as on-site engine repairs, turbocharger maintenance, and auxiliary equipment support. MSHS also provides training and logistical support, ensuring that their clients have access to the necessary resources for effective engine management. With a strong presence in the Americas and a commitment to customer service, MSHS has established itself as a reliable partner in the marine engine service sector.

17. Nogva konsernet

• Website: nogva.no
• Ownership type: Private
• Headquarters: Norway
• Employee distribution: Norway 100%
• Founded year: 1913
• Headcount: 51-200
• LinkedIn: nogva

Nogva konsernet, established in 1913, is a private manufacturing company based in Norway. It specializes in propulsion systems, auxiliary generators, and hydraulic solutions tailored for the marine and industrial sectors. With a workforce of around 43 employees, Nogva has built a reputation for reliability and efficiency in its products. The company offers complete propulsion systems powered by quality engines from reputable manufacturers, ensuring that each system is customized to meet the specific operational conditions of individual vessels. In addition to propulsion systems, Nogva also provides auxiliary marine generators and hydraulic cylinders, showcasing their comprehensive approach to marine engineering. Their commitment to customer service is evident, as they prioritize prompt responses to inquiries and offer extensive support for their products. This focus on quality and customer satisfaction has allowed Nogva to maintain a strong presence in the maritime industry, serving a range of clients from fishing boats to larger merchant vessels.

18. HamiltonJet

• Website: hamiltonjet.com
• Ownership type: Family Owned
• Headquarters: Christchurch, Canterbury, New Zealand
• Employee distribution: New Zealand 83%, United Kingdom (UK) 10%, United States (USA) 4%, Other 3%
• Founded year: 1939
• Headcount: 201-500
• LinkedIn: hamilton-jet

HamiltonJet, based in Christchurch, New Zealand, is a family-owned company that has been at the forefront of marine propulsion since its inception in 1939. Specializing in advanced waterjet technology, HamiltonJet designs and manufactures a range of waterjets and control systems tailored for various marine applications. Their products are utilized in critical sectors such as search and rescue, firefighting, and ferry services, showcasing their commitment to enhancing vessel performance and safety. With a workforce of approximately 233 employees, the company has a significant presence in New Zealand, the UK, the USA, and Singapore. HamiltonJet has also pioneered innovations in vessel autonomy and electric-hybrid drive systems, reflecting their adaptability to industry trends and customer needs. Their reputation is built on reliability and efficiency, making them a preferred choice for marine operators and boat builders worldwide.

19. Castoldi

• Website: castoldijet.it
• Ownership type: Private
• Headquarters: United States (USA)
• Employee distribution: Italy 100%
• Founded year: 1962
• Headcount: 51-200
• LinkedIn: castoldijet

Castoldi S.r.L. is a private marine equipment manufacturer based in Italy, specializing in waterjet propulsion systems and jet tenders. Established in 1962, the company has built a reputation for designing and producing high-performance watercraft tailored for yacht owners and operators. Their product range includes various models of jet tenders and waterjets, which are engineered for efficiency and reliability in marine environments. Castoldi's innovative approach has led to significant advancements in waterjet technology, making their systems popular among both recreational and professional users. The company operates a facility near Milan, where they maintain strict quality control throughout the manufacturing process, from design to final testing. With over 40,000 waterjet units in operation globally, Castoldi has established itself as a significant player in the marine propulsion industry.

20. Northern Lights, Inc.

• Website: northern-lights.com
• Ownership type: Private
• Headquarters: Seattle, Washington, United States (USA)
• Employee distribution: United States (USA) 95%, Netherlands 5%
• Founded year: 1958
• Headcount: 51-200
• LinkedIn: northern-lights-inc.

Northern Lights, Inc., founded in 1958 and based in Seattle, Washington, is a private company that specializes in marine equipment manufacturing. The firm is known for its production of marine generators, air conditioning systems, and propulsion engines. With a workforce of approximately 58 employees, Northern Lights serves a global clientele, primarily focusing on boat owners and marine operators. The company has built a strong reputation for delivering reliable power solutions tailored for harsh marine environments. Their products are designed for durability and customization, ensuring they meet the unique demands of various marine applications. Northern Lights has also expanded its offerings to include Technicold air conditioning and refrigeration systems, further solidifying its presence in the marine equipment sector. The company operates a network of dealers across multiple regions, enhancing its service capabilities and market reach.

21. Airseas

• Website: airseas.com
• Ownership type: Corporate
• Headquarters: Nantes, Pays De La Loire, France
• Employee distribution: France 100%
• Latest funding: February 2024
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: airseas-tech

Airseas, founded in 2016 and based in Nantes, France, is a maritime technology company that specializes in wind propulsion solutions for the shipping industry. The company has developed the Seawing, an automated kite system designed to assist in propelling ships, thereby reducing fuel consumption and greenhouse gas emissions. Airseas aims to contribute to the decarbonization of maritime transport, targeting a 40% reduction in CO2 emissions by 2030 for its clients. The company has successfully installed its Seawing technology on vessels such as the Ville de Bordeaux, marking a significant milestone as the first French company to deploy wind propulsion on a large cargo ship. Airseas is committed to innovation and sustainability, leveraging expertise from the aerospace sector to enhance maritime operations. Their focus on creating a cleaner shipping industry positions them as a relevant player in the marine propulsion systems market.

22. Bota Technik

• Website: botatechnik.com
• Ownership type: Private
• Headquarters: Brodnica Dolna, Pomeranian Voivodeship, Poland
• Employee distribution: Poland 96%, Burkina Faso 4%
• Founded year: 2011
• Headcount: 51-200
• LinkedIn: bota-technik-serwis-budowa-i-sprzeda%c5%bc-urz%c4%85dze%c5%84-morskich

Bota Technik, founded in 2011 and based in Brodnica Dolna, Poland, is a private marine service company that specializes in propulsion systems and marine engines. With a team of approximately 68 employees, the company provides a wide range of services including maintenance, repair, and design support for marine propulsion technologies. Their clientele primarily consists of businesses in the maritime industry, which rely on Bota Technik for reliable and efficient solutions for their vessels. The company is known for its expertise in thrusters, shaft lines, propellers, gearboxes, and stern tube seals, among other components. Bota Technik also operates a Thruster Blade Regeneration Center and offers services in power hydraulics and automation. Their commitment to quality and customer satisfaction is reflected in their ability to perform around 400 service jobs each year, showcasing their operational reach and technical capabilities.

23. Masson Marine

• Website: masson-marine.com
• Ownership type: Private
• Headquarters: Sens, Bourgogne-Franche-Comté, France
• Employee distribution: France 38%, Thailand 25%, Peru 12%, Other 25%
• Founded year: 1908
• Headcount: 11-50
• LinkedIn: masson-marine

Masson Marine, established in 1908, is a private company based in Sens, Bourgogne-Franche-Comté, France. With a workforce of around 40 employees, the company specializes in marine propulsion technology, particularly in the design and production of marine gearboxes, propellers, and hybrid systems. Masson Marine serves shipbuilders and marine operators, providing reliable and durable propulsion solutions tailored to their specific requirements. The company has manufactured over 30,000 gearboxes and has a worldwide service network supported by more than 30 dealers. Their commitment to quality is evident in their manufacturing processes, which include rigorous quality control and a large stock of spare parts. Masson Marine's products are recognized for their efficiency and longevity, making them a trusted choice for various types of vessels.

24. Remat

• Website: remat.nl
• Ownership type: Private
• Headquarters: Breda, North Brabant, Netherlands
• Founded year: 1984
• Headcount: 1-10
• LinkedIn: remat

Remat, based in Breda, North Brabant, Netherlands, has been operational since 1984. The company specializes in innovative drive systems and sustainable energy solutions tailored for the maritime sector. Their product range includes frequency converters, electric motors, encoders, and power resistors, all designed to meet the rigorous demands of marine applications. Remat collaborates closely with system integrators and shipping companies, providing not only products but also engineering and project management services. Their focus on hybrid and fully electric propulsion systems aligns with the industry's shift towards sustainability. With a strong emphasis on customer-oriented support and a network of partnerships with European manufacturers, Remat is well-positioned to deliver high-quality, reliable solutions for the maritime industry.

25. RAMME Electric Machines GmbH

• Website: ramme.de
• Ownership type: Private
• Headquarters: Osterwieck, Saxony-Anhalt, Germany
• Employee distribution: Germany 100%
• Founded year: 1991
• Headcount: 51-200
• LinkedIn: ramme-pm-machines

RAMME Electric Machines GmbH, based in Osterwieck, Saxony-Anhalt, Germany, is an electric machinery manufacturer that has been operational since 1991. The company specializes in producing high-performance electric motors and generators tailored for maritime applications. With a focus on efficiency and low maintenance, RAMME provides customized solutions to shipbuilders and operators, helping them reduce emissions and operational costs through advanced electric propulsion systems. Their product range includes permanent magnet motors for main propulsion, thruster applications, and variable-speed generators, all designed to meet the specific requirements of the maritime industry. RAMME's commitment to innovation is evident in their in-house research and development efforts, which drive technological advancements in electric machinery. The company has established a reputation for quality and reliability, equipping over 100 ships annually with their efficient drive systems, thereby contributing significantly to the sustainability of maritime operations.

26. Teignbridge Propellers Int. Ltd.

• Website: teignbridge.co.uk
• Ownership type: Private
• Headquarters: Newton Abbot, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 58%, Indonesia 18%, India 15%, Other 10%
• Latest funding: Other (Grant), July 2023
• Founded year: 1974
• Headcount: 51-200
• LinkedIn: teignbridge-propellers

Teignbridge Propellers Int. Ltd. is a marine equipment manufacturer based in Newton Abbot, England, established in 1974. The company specializes in high-performance propellers and stern gear, serving sectors that include leisure boating, commercial shipping, and military applications. Teignbridge is known for its bespoke approach, ensuring that each propulsion system is tailored to meet the specific needs of its clients. Their products are designed to enhance vessel efficiency and reliability, utilizing advanced technologies such as computational fluid dynamics (CFD) to optimize performance. Teignbridge has built a reputation for quality and innovation, with a strong emphasis on research and development. They have developed unique products like the Clamp-on-Blade design and operate a specialized propulsion research vessel to further their R&D efforts. The company has a workforce of around 73 employees and maintains a global presence, with a significant portion of its workforce located in Indonesia, India, and the UAE.

27. Ind-Aust

• Website: indaust.com
• Ownership type: Private
• Headquarters: Navi Mumbai, Maharashtra, India
• Employee distribution: India 100%
• Founded year: 1995
• Headcount: 201-500
• LinkedIn: iam-group1

Ind-Aust, founded in 1995 and based in Navi Mumbai, India, is a private company that specializes in engineering services and shipping. The company operates primarily in two segments: engineering services and ship operations. In the engineering services domain, Ind-Aust focuses on propulsion solutions, which include the integration of equipment procurement, commissioning, and after-service support. They have built a reputation for delivering reliable and efficient solutions to ship operators and original equipment manufacturers (OEMs). Additionally, Ind-Aust owns and operates a fleet of product tankers and passenger vessels through its subsidiary, Castle Ships Pvt. Ltd. The company has a strong commitment to compliance with international environmental standards and safety regulations. Ind-Aust also collaborates with Yanmar to run a technical training school, enhancing the skills of engineers and operators in the marine sector. Their extensive experience in managing high-value marine assets positions them as a knowledgeable player in the industry.

28. ePropulsion

• Website: epropulsion.com
• Ownership type: Venture Capital
• Headquarters: Hong Kong S.A.R
• Employee distribution: Hong Kong S.A.R 52%, China 28%, France 10%, Other 10%
• Latest funding: Series B, November 2021
• Founded year: 2012
• Headcount: 201-500
• LinkedIn: epropulsion

ePropulsion, based in Hong Kong S.A.R, is a marine equipment manufacturer that specializes in electric propulsion solutions for boats. Established in 2012, the company has developed a comprehensive range of products, including electric outboard motors, inboard motors, and battery systems. Their offerings cater to various segments, from individual boat owners to commercial operators, reflecting their adaptability in the market. ePropulsion emphasizes sustainability and efficiency, addressing the growing demand for environmentally friendly boating solutions. The company has also been involved in partnerships and initiatives that promote electric boating, further solidifying its position in the industry. With a workforce of around 28 employees, ePropulsion continues to innovate and expand its product line, contributing to the evolution of marine propulsion systems.

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