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.
The 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 (Cargo Ship, Cruise Ship and Other) and major geographies with country level break-up.
Research Analyst at AMA predicts that Japanese Manufacturers 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).
AdvanceMarketAnalytics has segmented the market 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). If we see Market by Engine Power Range, the sub-segment i.e. will boost the Marine Diesel Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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."
- Surging Demand for Dual-Fuel Engines
- Rise in Investment Toward Shipbuilding Sector
- Increasing Number of International Marine Freight Transport
- Surge in Penetration of Smart Engines for Situational Awareness and Safety
- Growth in Maritime Tourism in both Developing and Developed Nations
- Increasing Naval Budgets across the World
- Stringent Environmental Regulations Worldwide
- Fluctuations in Oil & Gas Prices
- Shipping Overcapacity Worldwide
Key Target AudienceMarine Diesel Engine Manufacturers, Component Suppliers, Technology Providers, Service Providers, Government Regulatory Body, End User and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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