Press release
Marine Diesel Engine Market Size, Price Trend, Competitive Market Share & Forecast, 2016 – 2023: Global Market Insights, Inc.
Global marine diesel engine market size was valued at around USD 6 billion in 2015 and is anticipated to exceed USD 8 billion by 2023, with growth rate at over 4% from 2016 to 2023. Proliferating demand for financially efficient as well as operationally dependable ships is expected to drive the industry. In addition, momentous modernization in marine propulsion is also likely to propel the industry demand over the forecast period. Diesel engine technology is a reliable technology and can also be used for auxiliary power generation.Request for an in-depth table of contents for this report @ http://bit.ly/2cg0DTG
Increase in maritime tourism coupled with growth in the shipbuilding industry is anticipated to be the key driving factors for the marine diesel engine market size growth over the next seven years. Moreover, expansion in international seaborne trade is likely to favor demand. Several providers such as Wärtsilä, Mitsubishi Heavy Industries, and MAN utilize technology licenses for sale and production. Wärtsilä and MAN are the foremost license providers across the globe; in 2015, they accounted for more than 95% of the global low speed engine market share and over 75% of medium speed engine market share.
Make an inquiry for buying this report @ http://bit.ly/2dO6DSJ
The global marine diesel engine market share can be segmented on the basis of product, application, and region. By product, low speed (two-stroke) and high speed (four-stroke) diesel engines are the major segments. Inland waterways vessels, commercial vessels, and offshore support vessels are the key applications.
The inland waterways vessels application segment is likely to witness significant gains over the forecast period. Rising demand in several regions such as Europe, Africa and South America has led to an increase in production. Majority of these vessels are manufactured in Asia Pacific owing to low labor and manufacturing cost. However, high initial cost is anticipated to hinder the demand over the forecast period. Commercial vessels are expected to be the fastest growing application segment over the next seven years.
Browse complete summary of this report @ http://bit.ly/2cPwY1H
Asia Pacific marine diesel engine market share was the largest in 2015 and is likely to continue its supremacy owing to the existence of key shipbuilding nations such as Japan, South Korea, China, Malaysia, and India. At present, Japan, China, and South Korea collectively account for over 80% of the regional marine diesel engine market size. South Korea holds majority of industry share in low speed segment, while Japan and China lead the medium speed segment. Use of renewable energy sources such as wind energy and solar energy for meeting auxiliary power requirements is expected to increase over the forecast period.
The industry finds application in areas including transportation, recreation and small boats. Companies dominating marine diesel engine market share include Wärtsilä, Caterpillar, Mitsubishi Heavy Industries, Hyundai Heavy Industries, Doosan Engine, Dalian Marine Diesel, Hu Dong Heavy Machinery, MAN Group, Weichai Heavy Machinery, and CSSC-MES Diesel.
About GMI
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.
Jack Davis
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1 302-846-7766
Toll Free: 1 888-689-0688
Email:sales@gminsights.com
Web:https://www.gminsights.com
Blog:https://gminsights.wordpress.com/
Source: Global Market Insights, Inc.
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 Marine Diesel Engine Market Size, Price Trend, Competitive Market Share & Forecast, 2016 – 2023: Global Market Insights, Inc. here
News-ID: 369209 • Views: …
More Releases from Global Market Insights, Inc.

Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
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 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…
More Releases for Diesel
Diesel Engine Catalyst Market Report 2024 - Diesel Engine Catalyst Market Size A …
"The Business Research Company recently released a comprehensive report on the Global Diesel Engine Catalyst Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive…
Diesel Engine Catalyst Market Report 2024 - Diesel Catalyst Market Size And Grow …
"The Business Research Company recently released a comprehensive report on the Global Diesel Engine Catalyst Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive…
Diesel Engine Market
Diesel Engine Market was valued at US $ 8.61 Bn. in 2022. Global Diesel Engine Market size is estimated to grow at a CAGR of 4.93%.
Diesel Engine Market Overview
The market overview of the Diesel Engine Market focuses on the specific market characteristics, including elements like industry competition. Comprehensive market revenue predictions are provided for the global, regional, segment, and national levels in the report. The report's sales…
Vehicle Diesel Engine Market Next Big Thing| Major Giants Dongfeng Chaoyang Dies …
Advance Market Analytics published a new research publication on "Vehicle Diesel Engine Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Vehicle Diesel Engine market was mainly driven by the increasing R&D spending across the world. Some of the key…
Demand For Diesel And Clean Quality Diesel To Bolster Growth Of Diesel Fuel Wate …
Diesel Fuel Water Separator Market: Introduction
The use of diesel is widespread in industries like automotive, healthcare, marine, construction, and manufacturing. Thus, the demand for diesel and clean quality diesel is on a surge as good quality diesel does not add up to unnecessary maintenance. Although, diesel sufficiently works well external factors damage the quality of the fuel.
This, in turn, adds up to frequent maintenance of vehicles so that the performance…
Diesel Engines for Non-Automotive Applications Market Global Outlook 2018: Wrtsi …
Qyresearchreports include new market research report “2018-2025 Diesel Engines for Non-Automotive Applications Report on Global and United States Market, Status and Forecast, by Players, Types and Applications” to its huge collection of research reports.
In the past few years, the global market for Diesel Engines for Non-Automotive Applications has witness a number of changes. This study is an attempt to understand the impact of these changes on the Diesel Engines for…