This report studies the global Dual Fuel Engine market status and forecast, categorizes the global Dual Fuel Engine market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
Dual fuel engines make use of both natural gas and diesel or gasoline simultaneously as a fuel source to operate. Among the two types of fuel, natural gas is used the most (accounting for 90% of the overall fuel mix). Diesel merely serves as a spark plug, which ignites under pressure and, in turn, ignites the compressed gas and air mixture. Retaining the use of diesel, ensures that the fuel, its compression ratio, and associated efficiency remains intact, while the use of natural gas ensures less operating cost as well as low levels of emissions.
In the world wide, the plants of major manufactures mainly distribute in China and Korea, like Wartsila, has a number of plants around the world, particularly in China and Korea, taking a leading share in these areas.
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This industry is affected by the economy and policy, so it's important to put an eye to economic indexes and leaders' prefer. With the global economic recovery, more and more countries focus on marine ship especially in underdevelopment regions that have fast economic growth and potentially huge marine ship consumption, the need of Dual Fuel Engine will increase.
The global Dual Fuel Engine market is valued at 690 million US$ in 2017 and will reach 1430 million US$ by the end of 2025, growing at a CAGR of 9.5% during 2018-2025.
The major players covered in this report
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
• United States
• Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
• North America
• United States
• South Korea
• Rest of Asia-Pacific
• Rest of Europe
• Central & South America
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• Rest of Middle East & Africa
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Four-Stroke Dual Fuel Engine
• Two-Stroke Dual Fuel Engine
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including
• Cargo Ship
• Cruise Ship
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