Rapid Advancements In Engine Technologies To Impel Marine Diesel Engine Market Trends Over 2020-2026
The intensifying focus on sustainability, through fuel consumption reductions, better efficiency and more cost-effectiveness is triggering demand for technologically advanced diesel engines for ships. For instance, according to new rules published by the International Maritime Organization (IMO), the use of ULSD (ultra-low sulfur diesel fuel) will be required in all ocean-going vehicles, both existing and new, in an effort to mitigate particulate emissions. Such mandates and policies geared towards more efficient and environmentally sound technologies will add impetus to marine diesel engine market trends over the estimated timeline.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/158
According to authentic reports, the global marine diesel engine market size is poised to surpass over 5 thousand units in annual installations by 2026.
The drastic impact of the COVID-19 pandemic is being felt across various factions of the global economy, including the marine industry and its distribution channels. In this situation, market players are facing myriad challenges such as shortages, and are having to restart their operations on considerably scaled down capacities, which could be problematic for the marine diesel engine industry outlook. However, with various nations starting to adapt to the economic impact of the pandemic, and the presence of pent up demand, the market situation may witness opportunities for recovery in the forthcoming future.
Escalating need for sustainable technologies, alongside a rapid rise in retrofitting activities will also contribute heavily to marine diesel engine market expansion. For instance, in 2019, the Bremerhaven ferry in Germany underwent a retrofitting process wherein the ferry’s old engines were replaced with two novel MTU Series 4000 marine propulsion systems, designed to be fueled synthetically and remain compliant with the increasingly strict policies implemented by local authorities. Furthermore, a considerable upsurge in global marine tourism, stemming from better standards of living and rising propensity towards leisure activities will also accelerate the adoption of diesel engines for ships.
From a regional outlook, the Canada marine diesel engine market is anticipated to record a CAGR of over 3% through 2026. This is attributed largely to the increasing investments towards enhancements in product designs and technologies, amid strong efforts to develop cleaner alternatives with low emissions in the region. Industry dynamics will be further stimulated by the entry of new players in the business landscape.
The global marine diesel engine market share is bolstered significantly by the presence of strong players such as Wärtsilä, GE Transportation Cummins, Caterpillar, Volvo Penta, Rolls Royce, John Deere, Dresser-Rand Group, Brunswick Corporation, and Man Energy Solutions, among others.
These players are focused on executing strategic initiatives, such as expansions, product enhancements etc. in order to keep up with the evolving demand and regulation requirements of the marine industry.
Ask For Customization According to COVID-19 Impact Analysis @ https://www.gminsights.com/roc/158
For instance, in 2020, Yanmar Marine International launched its new marine propulsion systems, dubbed 6LF and 6LT at the Boot Düsseldorf event. These new launches, which are the latest additions to Yanmar’s existing common rail marine diesel engine portfolio, demonstrate a 40 mhp to 640 mhp output range and are designed for both leisure as well as commercial marine applications.
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimates and forecast parameters
1.4 Data Sources
220.127.116.11 Paid sources
18.104.22.168 Public sources
Chapter 2 Executive Summary
2.1 Marine diesel engine 3600 synopsis, 2015 – 2026
2.1.1 Business trends
2.1.2 Technology trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Marine Diesel Engine Market, Industry Insights
3.1 Industry segmentation
3.2 Industry ecosystem analysis
3.2.1 Vendor matrix
3.3 Technology landscape
3.3.1 Low speed
3.3.2 Medium speed
3.3.3 High speed
Get Complete Synopsis of the Report @ https://www.gminsights.com/toc/detail/marine-diesel-engine-market
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
About Global Market Insights, Inc.
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.
This release was published on openPR.
Permanent link to this press release:
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 Rapid Advancements In Engine Technologies To Impel Marine Diesel Engine Market Trends Over 2020-2026 here
News-ID: 2278963 • Views: 142
More Releases from Global Market Insights
How will elevating industrial applications propel fumed silica market forecast?
According to a recent report by Global Market Insights, Inc., fumed silica market size is projected to reach USD 2.3 billion by 2027. Applications of the substance are spread across the numerous industries such as cosmetics, pharmaceutical, adhesives & sealants, silicone elastomers, paints & coatings, etc. owing to its ability to improve the efficiency of production processes. It enhances and maintains the quality of products that are manufactured in these
What drivers will boost adhesives and sealants market growth through 2027?
According to a recent study by Global Market Insights, Inc., the adhesive and sealants market valuation is anticipated to exceed USD 64.7 billion and USD 15 billion respectively by 2027. The industry is driven by an upsurge in acquisition and merger activities by major market participants. Surging customer inclination towards modern lifestyle and the increasing social media influence for wearable products are expected to open up attractive opportunities for the
Metal Foam Market 2021 Growth Analysis & Forecast to 2027 | Key players are Read …
As per Global Market Insights, Inc. estimates, the global metal foam market size is expected to surpass $96.5 million by 2027. Robust demand for lightweight and high-strength machinery in the aerospace industry will give the global metal foam market size a significant boost over the forecast spell. Rapid urbanization and rising spending power of consumers across the globe have resulted in an increased demand for air travel, owing to high convenience
Automotive Composites Market 2021 Competitive Insights, Trends and Demand Growth …
Rising prevalence of hybrid and electric vehicles in order to conform to fuel-efficiency standards is likely to impel automotive composites market outlook over the foreseeable future. Automotive composites are light-weight materials that are adopted in producing multiple automotive interior, exterior, as well as other auxiliary systems and components in vehicles. Increasing adoption of these composites for weight reduction in hybrid and electrically powered vehicles will assert a positive influence on global
More Releases for Marine
Marine Online’s Platform Offers Shipowners Direct Access To Marine Services
The pandemic’s devastation disrupted numerous worldwide maritime operations – with companies either ceasing operations or impaired by travel restrictions. This resulted in shipowners’ deadlock in finding reliable vendors and subjecting their vessels to neglected maintenance. ADK Maritime Pte Ltd enlisted the help of Marine Online for their vessel’s safety-related works to be carried out in China. A representative of ADK Maritime Pte Ltd commented: “We had a vessel in China
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
Agar Agar Manufacaturer - Marine Hydrocolloids
Agar Agar Food Grade (China Grass) Agar Agar is used as 100% vegetarian substitute for Gelatin (manufactured from animal bones and skin) in the food industry. The usage is fast gaining ground due to the worldwide shift for products of vegetable origin. Agar Agar has been used for many centuries as high performance gelling agent. Its ability to produce clear colourless, odourless, and natural gels without the support of other colloids has
Marine Navigation Systems Market Growth
In this report, we studies the present scenario (with the base year being 2017) and the growth prospects of global Marine Navigation Systems market for 2018-2023. Key Questions Answered in this report: What will the Marine Navigation Systems Market the growth rate be in 2023? What are the key factors driving the Global Marine Navigation Systems Market with a focus on the Global market? What are the key market trends in Marine Navigation Systems
Marine Diesel Engines Market
MaketStudyReport.com adds a New Marine Diesel Engines Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 5% CAGR to 2024. Marine Diesel Engines Market size is set to exceed USD 7 billion by 2024, according to a new research report. Growing demand for economic viable engines coupled with rise in seaborne trade will drive marine diesel engines market. According to United