Powering the Waves : Charting the Course of the Marine Diesel Engine Market Forecast, 2021-2031

According to a new report published by Allied Market Research, titled, "Marine Diesel Engine Market," The marine diesel engine market was valued at $9.1 billion in 2021, and is estimated to reach $14.8 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/3001

The concept of marine diesel engine is typically attributed to an internal combustion engine that uses heavy fuel oil (HFO) and compressed air to generate the power output. The marine diesel engine that is used for the propulsion of the ship is called as "main engine" and that used for the generation of electric power onboard ships is called "auxiliary engine". Diesel engines used in marine applications typically function at a 40% to 50% efficiency level. These engines have the advantage of being safer and more affordable as diesel is cheaper than other fuels while being less explosive in nature. It also provides greater energy per unit allowing for better mileages or energy extraction per unit. For instance, in March 2022, Volvo Penta introduced the compact and powerful D8 engine, and the 500 kVA power node to its D13 genset engine at Middle East Energy in Dubai. The D13 500 kVA is considerably smaller and lighter as compared to previous models resulting in a smaller engine room, smaller alternator, and ultimately fuel saving.

In addition, the marine diesel engine market has witnessed significant growth in recent years, owing to the development of advanced engines that improve fuel productivity and reduce carbon dioxide emission and decline in the prices of crude oil. Furthermore, companies operating in the marine diesel engine market have adopted partnerships, investments, and product launches to increase their market share and expand their geographical presence. For instance, in October 2021, Daihatsu Diesel Mfg. Co., Ltd. announced the launch of its complete lineup of DE20DF, DE23DF, DE28DF, and DE35DF dual fuel marine engines. These engines acted as an initial step towards low emissions marine diesel engines.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/marine-diesel-engine-market/purchase-options

Factors such as increase in international marine freight transport, high demand for two stroke marine diesel engines, and increase in water sports and leisure activities supplement the growth of the marine diesel engine market. However, rise in adoption of fully electric vessels and fluctuations in transportation and inventory costs are the factors expected to hamper the growth of the market. In addition, development of engine technology and rise in adoption of dual fuel-based marine engines create market opportunities for the key players operating in the marine diesel engine market.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :

By ship type, the general cargo ship segment is projected to dominate the global marine diesel engine market in terms of growth rate, in the year 2031.

By technology, the high-speed segment is projected to dominate the global marine diesel engine market in terms of growth rate, in the year 2031.

By capacity, the 300 to 500 Hp segment is projected to dominate the global marine diesel engine market in terms of growth rate, in the year 2031.

By type, the 2-stroke segment is projected to dominate the global marine diesel engine market in terms of growth rate, in the year 2031.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/3001

The leading players operating in the marine diesel engine market are Bergen Engines, Caterpillar, Cummins Inc., Daihatsu Diesel Mfg. Co., Ltd., Deere & Company, Deutz AG, Fairbanks Morse Defense, Hyundai Heavy Industries Co., Ltd, IHI Power Systems, MAN SE, Mercury Marine, Mitsubishi Corporation, Rolls Royce plc, Volvo Penta, Wabtec Corporation, Wärtsilä, and Yanmar Marine International B.V.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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