Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Dual Fuel Engine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Dual Fuel Engine. This report contains market size and forecasts of Dual Fuel Engine in global, including the following market information:
Global Dual Fuel Engine Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Dual Fuel Engine Market Sales, 2018-2023, 2024-2029, (MW)
Global top five Dual Fuel Engine companies in 2022 (%)
The global Dual Fuel Engine market was valued at US$ 2231.8 million in 2022 and is projected to reach US$ 8361.6 million by 2029, at a CAGR of 20.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Dual Fuel Engine key players include WinGD, MAN, etc. Global top two manufacturers hold a share about 90%.
Asia Pacific is the largest market, with a share about 60%, followed by Europe, and North America, both have a share over 30 percent.
In terms of product, Two-Stroke is the largest segment, with a share over 65%. And in terms of application, the largest application is Cargo Ship, followed by Cruise Ship, etc.
We surveyed the Dual Fuel Engine manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Dual Fuel Engine Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Dual Fuel Engine Market Segment Percentages, by Type, 2022 (%)
Four-Stroke
Two-Stroke
Global Dual Fuel Engine Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Dual Fuel Engine Market Segment Percentages, by Application, 2022 (%)
Cargo Ship
Cruise Ship
Others
Global Dual Fuel Engine Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Dual Fuel Engine Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Dual Fuel Engine revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Dual Fuel Engine revenues share in global market, 2022 (%)
Key companies Dual Fuel Engine sales in global market, 2018-2023 (Estimated), (MW)
Key companies Dual Fuel Engine sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Win GD
MAN
Wartsila
Hyundai Heavy
Yuchai
Outline of Major Chapters:
Chapter 1: Introduces the definition of Dual Fuel Engine, market overview.
Chapter 2: Global Dual Fuel Engine market size in revenue and volume.
Chapter 3: Detailed analysis of Dual Fuel Engine manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Dual Fuel Engine in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Dual Fuel Engine capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
