What is Marine Diesel Engine Market Scope?
The marine diesel engine is an internal combustion engine in which ignition of the fuel that has been injected into the combustion chamber is caused by the high temperature which a gas achieves when greatly compressed in the marine ship. The emphasis of the shipping industry largely on developing advanced engines that improve fuel efficiency and reduce carbon dioxide emission offers a lucrative opportunity in the growth of the very market.
Influencing Trend:
Surging Demand for Dual-Fuel Engines and Rise in Investment Toward Shipbuilding Sector
Market Growth Drivers:
Increasing Number of International Marine Freight Transport and Surge in Penetration of Smart Engines for Situational Awareness and Safety
Challenges:
Shipping Overcapacity Worldwide
Restraints:
Stringent Environmental Regulations Worldwide and Fluctuations in Oil & Gas Prices
Opportunities:
Growth in Maritime Tourism in both Developing and Developed Nations and Increasing Naval Budgets across the World
The Marine Diesel Engine market study is being classified by Type (2 Stroke Trunk Piston Engine, 4 Stroke Trunk Piston Engine, 2 Stroke Cylinder Engine and 4 Stroke Cylinder Engine), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from Japanese will contribute to the maximum growth of Global Marine Diesel Engine market throughout the predicted period.
Wartsila (Finland), Hyundai (South Korea), MAN Energy Solutions (Germany), Caterpillar (United States), Rolls-Royce (United Kingdom), Volvo Penta (Sweden), China State Shipbuilding Corporation (China), Yanmar Co., Ltd. (Japan), Doosan Corporation (South Korea), Mhi-mme (Japan), STX Engine (South Korea) and Kawasaki Heavy Industries, Ltd. (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Hefei RongAn Power Machinery Co., Ltd. (China), Wärtsilä (Finland), GE Transportation (United States) and DEUTZ AG (Germany).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Marine Diesel Engine market by Type, Application and Region.
On the basis of geography, the market of Marine Diesel Engine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In July 2019, MAN Energy Solutions Signs global service agreement with Wallem Group. The contract covers the supply of spares and services to MAN main engines, generators and turbochargers aboard vessels managed by Wallem.
"The NOx emission limits of Regulation 13 of MARPOL Annex VI apply to each marine diesel engine with a power output of more than 130 kW installed on a ship. A marine diesel engine is defined as any reciprocating internal combustion engine operating on liquid or dual fuel."
Key Target Audience
Marine Diesel Engine Manufacturers, Component Suppliers, Technology Providers, Service Providers, Government Regulatory Body, End User and Others
Marine Diesel Engine Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2030 |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Marine Diesel Engine Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Marine Diesel Engine industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.