Dual Fuel Engine Market research report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Dual Fuel Engine Market report 2016-2020 focuses on the major drivers and restraints for the key players. The Dual Fuel Engine market research report is a professional and in-depth study on the current state of Dual Fuel Engine Industry.
Analysts forecast the global Dual Fuel Engine market to grow at a CAGR of 6.5% during the period 2016-2020.
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The research report covers the present scenario and the growth prospects of the global Dual Fuel Engine industry for 2016-2020.
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.
Dual Fuel Engine Market Segmentation by End User:
• Global dual fuel engine market: Marine industry
• Global dual fuel engine market: Power generation industry
Key Vendors of Dual Fuel Engine Market:
• MAN Diesel & Turbo
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The Dual Fuel Engine market report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. Dual Fuel Engine market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Dual Fuel Engine Market Driver:
• Stringent emission regulations: NOx reduction
• US shale gas boom
• Gradual conversion of conventional engines to dual fuel engines
Dual Fuel Engine Market Challenge:
• Volatile maritime environment impacting demand
• Diesel engine technology gaining momentum with technological advances
Dual Fuel Engine Market Trend:
• Ammonia gas as substitute for natural gas in dual fuel engines
• Increased OEM collaboration to study dual fuel engine technology for automobiles
• LNG: Maritime green fuel of the future
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Geographical Segmentation of Dual Fuel Engine Market:
The report provides a basic overview of the Dual Fuel Engine industry including definitions, segmentation, applications, key vendors, market drivers and market challenges. The Dual Fuel Engine market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status
Through the statistical analysis, the report depicts the global Dual Fuel Engine market including capacity, production, production value, cost/profit, supply/demand and import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
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