Global Dual Fuel Engine Market 2016-2020

  • ID: 3795203
  • Report
  • Region: Global
  • 74 pages
  • TechNavio
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FEATURED COMPANIES

  • ABC Diesel
  • Cummins
  • Hyundai
  • MAN Diesel & Turbo
  • Wärtsilä
  • Woodward
  • MORE
About Dual Fuel Engine

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.

The analysts forecast the global dual fuel engine market to grow at a CAGR of 6.5% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global dual fuel engine market for 2016-2020. To calculate the market size, the report considers the demand for dual fuel engines from end-user industries across the globe.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global Dual Fuel Engine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Caterpillar
- Cummins
- Kubota
- MAN Diesel & Turbo
- Wärtsilä

Other prominent vendors
- ABC Diesel
- Heinzmann
- Hyundai
- Rolls Royce
- Westport
- Woodward
- Yanmar

Market drivers
- Stringent emission regulations: NOx reduction

Market challenges
- Diesel engine technology gaining momentum with technological advances

Market trends
- Increased OEM collaboration to study dual fuel engine technology for automobiles

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

  • ABC Diesel
  • Cummins
  • Hyundai
  • MAN Diesel & Turbo
  • Wärtsilä
  • Woodward
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market size and forecast
  • Five forces analysis
PART 06: Market drivers
  • Stringent emission regulations: NOx reduction
  • US shale gas boom
  • Gradual conversion of conventional engines to dual fuel engines
PART 07: Impact of drivers

PART 08: Market challenges
  • Volatile maritime environment impacting demand
  • Diesel engine technology gaining momentum with technological advances
PART 09: Impact of drivers and challenges

PART 10: Market trends
  • 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
PART 11: Market segmentation by end-user
  • Market overview
  • Global dual fuel engine market: Marine industry
  • Global dual fuel engine market: Power generation industry
PART 12: Geographical segmentation
  • Market overview
  • Dual fuel engine market: APAC
  • Dual fuel engine market: EMEA
  • Dual fuel engine market: Americas
PART 13: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 14: Key vendor analysis
  • Caterpillar
  • Cummins
  • Kubota
  • MAN Diesel & Turbo
  • Wärtsilä
PART 15: Appendix
  • List of abbreviations
PART 16: About the Author

List of Exhibits

Exhibit 01: Considerations for market size
Exhibit 02: Key countries in each region
Exhibit 03: Price of crude oil ($/bbl) vs. natural gas ($/MMBtu) December 2012 to December 2015
Exhibit 04: Benefits of using a dual fuel engine
Exhibit 05: Fuel comparison
Exhibit 06: Natural gas consumption in US in transport and electric power sectors 2005-2015 (bcf)
Exhibit 07: Global dual fuel engine market 2015-2020 ($ billions)
Exhibit 08: Five forces analysis
Exhibit 09: US EPA regulations (g/kWh)
Exhibit 10: Natural gas production in US, Russia, and Saudi Arabia 2008-2014 (quadrillions Btu)
Exhibit 11: Impact of drivers
Exhibit 12: Annual export-import percentage change
Exhibit 13: Top five countries by merchant fleet 2015 (by deadweight tonnage)
Exhibit 14: Impact of drivers and challenges
Exhibit 15: Global dual fuel engine market: End-user segmentation 2015 and 2020
Exhibit 16: Global marine propulsion engine market: Product segmentation 2015 and 2020
Exhibit 17: Global dual fuel engine market: Marine industry 2015-2020 ($ billions)
Exhibit 18: Different pressure levels of HRSG
Exhibit 19: Major differences between HRSG and regular boiler
Exhibit 20: Global electricity demand growth 2015
Exhibit 21: Global dual fuel engine market: Power generation industry 2015-2020
Exhibit 22: Global dual fuel engine market: Geographic segmentation 2015 and 2020
Exhibit 23: Dual fuel engines market: APAC 2015-2020 ($ billions)
Exhibit 24: Dual fuel engine market: EMEA 2015-2020 ($ billions)
Exhibit 25: Dual fuel engine market: Americas 2015-2020 ($ billions)
Exhibit 26: Key vendors
Exhibit 27: Geographic presence of key vendors
Exhibit 28: Engines offered by Caterpillar under dual fuel engine market
Exhibit 29: Kubota WG series dual fuel engines
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FEATURED COMPANIES

  • ABC Diesel
  • Cummins
  • Hyundai
  • MAN Diesel & Turbo
  • Wärtsilä
  • Woodward
  • MORE
New Report Released: - Global Dual Fuel Engine Market 2016-2020

The author of the report recognizes the following companies as the key players in the global dual fuel engine market: Caterpillar, Cummins, Kubota, MAN Diesel & Turbo, and Wärtsilä.

Other Prominent Vendors in the market are: ABC Diesel, Heinzmann, Hyundai, Rolls Royce, Westport, Woodward, and Yanmar.

Commenting on the report, an analyst from the research team said: “ The growing preference for liquefied natural gas (LNG) will one of the key trends in this market LNG is economically the most preferred fuel choice of the shipping industry. It is particularly more applicable for ships that sail in emission control areas (ECAs). Natural gas is set to be the most preferred fuel choice in certain environmental systems (for instance, in the Baltic Sea region) as well as in the international sea trade routes.”

According to the report, US shale gas boom will be a key driver for market growth. The US discovered additional energy reserves (shale natural gas) in the continental US in recent years. Such additions stemmed from exploration and development in the Marcellus Shale in Pennsylvania and West Virginia, the Eagle Ford Shale in Texas, the Woodford Shale in Oklahoma, and the Utica Shale in Ohio.

Further, the report states that a major challenge for the market will be the diesel engine technology gaining momentum with technological advances. Improved fuel economy continues to be the most significant progress in diesel engine technology. Although many end-users prefer gasoline-powered equipment, diesel engines possess a solid end-user base in terms of the industrial sector as this sector considers fuel economy as an important parameter in owning a power backup equipment. Over the years, several initiatives and changes have been implemented to improve the overall efficiency of the diesel engine. Most of the modifications involved igniting power within the engine itself, derived from the combination of oxygen and fuel.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- Caterpillar
- Cummins
- Kubota
- MAN Diesel & Turbo
- Wärtsilä
- ABC Diesel
- Heinzmann
- Hyundai
- Rolls Royce
- Westport
- Woodward
- Yanmar
Note: Product cover images may vary from those shown
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