openPR Logo
Press release

Global Marine Diesel Engines Market 2018 Key Players A.P. Møller-Maersk, Wartsila, Man D&T, NYK Line, Mitsui OSK Lines, COSCO, Anangel Shipping, Kawasaki Kisen Kaisha, China Shipping, Teekay, Carnival, BW Group, Euronav NV, Sinokor Merchant, China Shippi

Marine Diesel Engines Market

Marine Diesel Engines Market

Market Overview:-

The world is witnessing a proliferation in seaborne trade, which is likely to stimulate marine diesel engines market over the years ahead. The cost of the fuel is a major factor that is influencing the trade profitability. Recent fluctuations in the fuel price which is currently on a higher end, is turning out to be favorable for the industry players. According to a report by UNCTAD (United Nations Conference on Trade and Development) in 2015, sea borne trade expanded over 4% from 2012 to 2014, subject to the significant increase in dry bulk trade. Alongside, easy availability of spare parts, trained repairing personal, and repair networks have also catalyzed the adoption of these diesel engines. As per a report by Global Market Insights, Inc., Marine Diesel Engines Market is slated to exceed a revenue of USD 7 billion by the end of 2024, with a CAGR projection of 5% over 2016-2024.

 Increasing demand for economically viable engines that are best fit to fulfill reliability, durability, and fuel optimization is further complementing marine diesel engines market penetration. Over the past few years, the shipping industry has been largely emphasizing on developing advanced engines that improve the fuel efficiency and reduce carbon dioxide emission. Marine diesel engines operate at an average efficiency of 40% to 50% depending upon the age of the engine, deadweight tonnage, and vessel size.  Phasing out of traditional steam engines from various utility sectors is further providing a significant push to marine diesel engines market.

Request For Sample Copy Of This Report @ https://www.gminsights.com/request-sample/detail/158  

Top Key Players:-     

The key players of global Marine Diesel Engines Market are A.P. Møller-Maersk, Wartsila, Man D&T, NYK Line, Mitsui OSK Lines, COSCO, MSC Mediterranean Shipping, Anangel Shipping, Kawasaki Kisen Kaisha, China Shipping, Teekay, Carnival, China Merchants CMA CGM Holding, BW Group, Euronav NV, Sinokor Merchant and China Shipping Development.

Regional Segmentations:-

Regionally, China has established strong grounds enhancing the market dynamics. The country, counted as one of the most developing nations across the world, is significantly increasing its investment in strengthening the naval force. In 2014, Chinese Government had issued a financial stimulus package that facilitated the money stock. The escalating growth of the regional market can be majorly credited to the rigorous number of business activities that have significantly uplifted the marine diesel engines market outlook. In 2015, for instance, MAN Diesel & Turbo had signed a 10-year agreement with CISC and CSSC to manufacture low speed diesel engines in China. Statistics depict that China accounted for one-fourth of the APAC marine diesel engines market in 2016. Such examples of promising initiatives by the government along with growing import of marine diesel engines in the country which almost accounted for USD 1.05 billion in 2015, is projecting a lucrative growth prospect for China marine diesel engines market in the years ahead.

Germany, on the other hand, represented 20% of the Europe market in 2016. With increasing government spending on military and specialized ships, Germany is aiming to amplify its revenue share toward the regional marine diesel engines market in the coming years.

Make an inquiry before buying this report @ https://www.gminsights.com/inquiry-before-buying/158   

Major Points of Table Of Content:-

Marine Diesel Engines Market Industry Insights
3.1. Industry segmentation

3.2. Industry size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.   Vendor matrix

3.3.2.   Distribution landscape

3.4. Innovation landscape

3.5. Regulatory landscape

3.5.1.   U.S.

3.5.1.1.    MARPOL

3.5.2.   UK

3.5.3.   Japan

3.5.4.   Europe

3.5.5.   IMO

3.5.6.   China

3.6. Shipbuilding industry trends & forecast

3.7. Global operated fleet, by Operators

3.8. Industry impact forces

3.8.1.   Growth drivers

3.8.1.1.    Expansion in seaborne trade

3.8.1.2.    Cost effective usage

3.8.1.3.    Increasing maritime tourism

3.8.2.   Industry pitfalls & challenges

3.8.2.1.    Stringent regulations against emissions

3.9. Growth potential analysis

3.10.    Technology Landscape

3.10.1. Low speed

3.10.2. Medium speed

3.10.3. High speed

3.11. Porter's analysis

3.12.    Company market share, 2016

3.12.1. Strategy dashboard

3.12.2. Mergers & acquisitions landscape

3.13. PESTEL analysis

Browse Full Report @ https://www.gminsights.com/industry-analysis/marine-diesel-engine-market

Considering the technical designing, the overall marine diesel engines industry is predominantly segmented into low speed, medium speed, and high-speed systems. High speed systems accounted for more than 20% of the global share in 2016. With the significant improvement in the living standards of the consumers, the demand for cruise and ferries is accelerating, which in turn is driving this high-speed marine diesel engines market. Medium speed diesel engines which are mainly deployed in cargo ships, passenger ships, fast ferries are also witnessing a heavy adoption. This category based diesel engines market is expected to hit a revenue of more than USD 3 billion by the end of 2024. Low speed marine diesel engines market will also grow substantially at an annual rate of 4% over the coming seven years.

Merchant vessels are one of the prominent application domains that is prominently contributing toward the global industry size. Growing inclination toward LNG along with a significant rise in the sea borne trade have resulted in an increasing deployment of marine diesel engines in merchant vessels, thereby contributing to the industry share. As per estimates, marine diesel engines market from merchant vessels application is expected to chart a profitable road map at a CAGR of 5% over 2016-2024.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Auto Blog: http://freeautomotivenews.com/
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Marine Diesel Engines Market 2018 Key Players A.P. Møller-Maersk, Wartsila, Man D&T, NYK Line, Mitsui OSK Lines, COSCO, Anangel Shipping, Kawasaki Kisen Kaisha, China Shipping, Teekay, Carnival, BW Group, Euronav NV, Sinokor Merchant, China Shippi here

News-ID: 1188304 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for Marine

Ocean Engineering Equipment Market Business Opportunities 2026 - Top Companies a …
The Ocean Engineering Equipment Market research added by UpMarketResearch.com, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors. Request Exclusive Free Sample PDF of This
Marine Cranes Market Reviews and Statistics 2020 - DMW Marine, Heila Cranes, Eff …
An extensive study of the product application and services conducted by subject matter experts assessing the global Marine Cranes market will help product owners to make a wise decision. The latest research report on Marine Cranes market for the forecast period, 2020 - 2025 is involved in screening the business environment and the companies operating in the Marine Cranes industry. Importantly, the research sheds a lot of light on their winning
Marine Trailers Market by Key Players Insights - Owens & Sons Marine, EZ LOADER, …
Marine Trailers Market: Introduction Marine Trailers are supportive equipment used to tow or carry personal, commercial or marine boats from one place to another. Marine trailers are prominently gaining demand in personal use due to the growing hiking and adventurous activity among millennials. Personal boats need to be carried from respective individual houses or residential places to the activity area. With the growing needs of urban population, the marine trailers market
Marine Seats Market | Spreading Key players - Wise Seats, Moeller Marine Product …
Global Marine Seats Market, 2018-2023, is a market research report by KD Market Research that offers extensive and highly detailed current and future market trends in the global and regional/market. The report offers market size and structure of the overall industry based upon a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise. Global Marine Seats Market was held at USD XXX Million in 2017 and is expected
Marine Big Data Market - Information Provided by Marine Big Data Considered Indi …
Considering big data analytics in the marine sector is an upcoming technology, the global marine big data market is poised to witness a highly competitive environment. As the market is at a booming phase, Transparency Market Research (TMR) forecasts strong growth for in a new study. “In order to emerge at fore, a majority of the market players are focusing on product differentiation,” said a lead TMR analyst. “In consequence
Global Ship Crane Market Forecast 2018-2025 Allied Marine Crane, Appleton Marine …
Recently added detailed market study "Global Ship Crane Market" examines the performance of the Ship Crane market 2018. It encloses an in-depth Research of the Ship Crane market state and the competitive landscape globally. This report analyzes the potential of Ship Crane market in the present and the future prospects from various angles in detail. The Global Ship Crane Market 2018 report includes Ship Crane market Revenue, market Share, Ship Crane