Marine Diesel Engines Market for Medium Speed to Exceed USD 3 Billion by 2024: Wartsila, Mitsui OSK Lines, CMA CGM, BW Group
In 2016, marine diesel engines market from Germany was valued over USD 150 million. Increasing government strategies and initiatives towards development of engine technology will complement the industry outlook. As per the National Master Plan for Marine Technology (NMMT), shipbuilding industry in 2015 was valued at USD 19.9 billion and is predicted to reach USD 25.48 billion by 2018.
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