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MAN Energy Solutions

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MAN Energy Solutions - Energy & Power showcase

Year Founded & Workforce

1898

53,800 Employees

Industry

Energy & Power

Services

Marine Hybrid Propulsion System MarketSteam turbine
M

MAN Energy Solutions Employee Contacts

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MAN Energy Solutions Overview

Company Headquarters: Munich, Germany

Founded: 1898

Workforce: ~ 53,800

Company Working: MAN Energy Solutions is a company that produces large diesel engines and turbomachinery. It provides marine engines, compressors, turbines, turbochargers, and environmentally friendly technology. It provides such products to ships and power plants. MAN Energy Solutions provides global services to clients in the marine, energy, and industrial sectors.

Strategy

MAN Energy Solutions SE is focused on contracts and agreements with key players in the global marine hybrid propulsion system market. Furthermore, with the development of new and advanced hybrid propulsions, the company aims at increasing its market share.

Company Snapshot

$3,462M

Revenue

53,800

Employees

1898

Founded

Munich, Germany

Headquarters

SWOT Analysis

Strengths

  • Strong global presence
  • Wide product portfolio
  • Focus on research & development

Weaknesses

  • Dependency on few licensed suppliers

Opportunities

  • High demand for innovative products from the marine market

Threats

  • Rapid technological advancements by competitors

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Key Developments

DateApproachDevelopment
June 2019ContractMAN Energy Solutions signed a contract with Damen Gorinchem Holland shipyard for battery-hybrid dual-fuel system.
May 2020ContractThe contract was awarded to MAN Energy Solutions for two MST050 steam turbines, each with a gearbox, generator, and auxiliary components. The steam turbines, with a total power output of approximately 56 MW, will be installed in a CHP power plant that will supply electricity and heat to the city of Leipzig.

Product Offering

  • MAN Energy Solutions
    • Marine Hybrid Propulsion System Market
    • Steam turbine

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 3,462 Mn in 2019 to USD 3,889.2 Mn in 2021.
MAN Energy Solutions — By Business Segment
Series (USD Mn)201920202021
Sales3,4621.13,889.2

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