Global Dual Fuel Engine Market 2021-2025

The publisher has been monitoring the dual fuel engine market and it is poised to grow by 2.85 bn units during 2021-2025, progressing at a CAGR of 8.95% during the forecast period. The report on the dual fuel engine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by stringent regulations on NOx emissions and increase in electricity demand.

The dual fuel engine market analysis includes the end-user segment and geographic landscape.

The dual fuel engine market is segmented as below:

By End-user

Marine industry
Power generation industry

By Geographical Landscape

APAC
Europe
North America
MEA
South America

This study identifies the gradual conversion of conventional engines to dual fuel engines as one of the prime reasons driving the dual fuel engine market growth during the next few years.

The report on dual fuel engine market covers the following areas:

Dual fuel engine market sizing
Dual fuel engine market forecast
Dual fuel engine market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading dual fuel engine market vendors that include Anglo Belgian Corp., Caterpillar Inc., Cummins Inc., Heinzmann GmbH and Co. KG, Kubota Corp., MAN Energy Solutions SE, Wartsila Corp., Westport Fuel Systems Inc., Woodward Inc., and Yanmar Holdings Co. Ltd. Also, the dual fuel engine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary

Market overview

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by End-user

Market segments
Comparison by End-user
Marine industry - Market size and forecast 2020-2025
Power generation industry - Market size and forecast 2020-2025
Market opportunity by End-user

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity By Geographical Landscape
Market drivers
Market challenges
Market trends

Vendor Landscape

Overview
Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
Anglo Belgian Corp.
Caterpillar Inc.
Cummins Inc.
Heinzmann GmbH and Co. KG
Kubota Corp.
MAN Energy Solutions SE
Wartsila Corp.
Westport Fuel Systems Inc.
Woodward Inc.
Yanmar Holdings Co. Ltd.

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

List of Exhibits

Key Finding 1
Key Finding 2
Key Finding 3
Key Finding 5
Key Finding 6
Key Finding 7
Key Finding 8
Parent market
Market characteristics
Offerings of vendors included in the market definition
Market segments
Global - Market size and forecast 2020 - 2025 (million units)
Global market: Year-over-year growth 2020 - 2025 (%)
Five forces analysis 2020 & 2025
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition - Five forces 2020
End-user - Market share 2020-2025 (%)
Comparison by End-user
Marine industry - Market size and forecast 2020-2025 (million units)
Marine industry - Year-over-year growth 2020-2025 (%)
Power generation industry - Market size and forecast 2020-2025 (million units)
Power generation industry - Year-over-year growth 2020-2025 (%)
Market opportunity by End-user
Customer landscape
Market share By Geographical Landscape 2020-2025 (%)
Geographic comparison
APAC - Market size and forecast 2020-2025 (million units)
APAC - Year-over-year growth 2020-2025 (%)
Europe - Market size and forecast 2020-2025 (million units)
Europe - Year-over-year growth 2020-2025 (%)
North America - Market size and forecast 2020-2025 (million units)
North America - Year-over-year growth 2020-2025 (%)
MEA - Market size and forecast 2020-2025 (million units)
MEA - Year-over-year growth 2020-2025 (%)
South America - Market size and forecast 2020-2025 (million units)
South America - Year-over-year growth 2020-2025 (%)
Key leading countries
Market opportunity By Geographical Landscape (million units)
Impact of drivers and challenges
Vendor landscape
Landscape disruption
Industry risks
Vendors covered
Market positioning of vendors
Anglo Belgian Corp. - Overview
Anglo Belgian Corp. - Product and service
Anglo Belgian Corp. - Key offerings
Anglo Belgian Corp. - Key customers
Anglo Belgian Corp. - Segment focus
Caterpillar Inc. - Overview
Caterpillar Inc. - Business segments
Caterpillar Inc. - Key offerings
Caterpillar Inc. - Key customers
Caterpillar Inc. - Segment focus
Cummins Inc. - Overview
Cummins Inc. - Business segments
Cummins Inc. - Key offerings
Cummins Inc. - Key customers
Cummins Inc. - Segment focus
Heinzmann GmbH and Co. KG - Overview
Heinzmann GmbH and Co. KG - Business segments
Heinzmann GmbH and Co. KG - Key offerings
Heinzmann GmbH and Co. KG - Key customers
Heinzmann GmbH and Co. KG - Segment focus
Kubota Corp. - Overview
Kubota Corp. - Business segments
Kubota Corp. - Key offerings
Kubota Corp. - Key customers
Kubota Corp. - Segment focus
MAN Energy Solutions SE - Overview
MAN Energy Solutions SE - Product and service
MAN Energy Solutions SE - Key offerings
MAN Energy Solutions SE - Key customers
MAN Energy Solutions SE - Segment focus
Wartsila Corp. - Overview
Wartsila Corp. - Business segments
Wartsila Corp. - Key offerings
Wartsila Corp. - Key customers
Wartsila Corp. - Segment focus
Westport Fuel Systems Inc. - Overview
Westport Fuel Systems Inc. - Business segments
Westport Fuel Systems Inc. - Key offerings
Westport Fuel Systems Inc. - Key customers
Westport Fuel Systems Inc. - Segment focus
Woodward Inc. - Overview
Woodward Inc. - Business segments
Woodward Inc. - Key offerings
Woodward Inc. - Key customers
Woodward Inc. - Segment focus
Yanmar Holdings Co. Ltd. - Overview
Yanmar Holdings Co. Ltd. - Product and service
Yanmar Holdings Co. Ltd. - Key offerings
Yanmar Holdings Co. Ltd. - Key customers
Yanmar Holdings Co. Ltd. - Segment focus
Currency conversion rates for US$
Research Methodology
Validation techniques employed for market sizing
Information sources
List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global dual fuel engine market: Anglo Belgian Corp., Caterpillar Inc., Cummins Inc., Heinzmann GmbH and Co. KG, Kubota Corp., MAN Energy Solutions SE, Wartsila Corp., Westport Fuel Systems Inc., Woodward Inc., and Yanmar Holdings Co. Ltd.

Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is gradual conversion of conventional engines to dual fuel engines.`

According to the report, one of the major drivers for this market is the stringent regulations on NOx emissions.

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.