This report studies the global Dual Fuel Engine Market status and forecast, categorizes the globalDual Fuel Engine Market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Los Angeles, CA -- (SBWIRE) -- 02/06/2019 -- Dual fuel engines make use of both natural gas and diesel or gasoline simultaneously as a fuel source to operate. Among the two types of fuel, natural gas is used the most (accounting for 90% of the overall fuel mix). Diesel merely serves as a spark plug, which ignites under pressure and, in turn, ignites the compressed gas and air mixture. Retaining the use of diesel, ensures that the fuel, its compression ratio, and associated efficiency remains intact, while the use of natural gas ensures less operating cost as well as low levels of emissions.
The global Dual Fuel Engine market is valued at 690 million US$ in 2018 is expected to reach 1430 million US$ by the end of 2025, growing at a CAGR of 9.5% during 2019-2025.
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At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
manufacturers are covered:Wartsila, Hyundai MAN
In the world wide, the plants of major manufactures mainly distribute in China and Korea, like Wartsila, has a number of plants around the world, particularly in China and Korea, taking a leading share in these areas.This industry is affected by the economy and policy, so it's important to put an eye to economic indexes and leaders' prefer. With the global economic recovery, more and more countries focus on marine ship especially in underdevelopment regions that have fast economic growth and potentially huge marine ship consumption, the need of Dual Fuel Engine will increase.
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This report focuses on Dual Fuel Engine volume and value at global level, regional level and company level. From a global perspective, this report represents overall Dual Fuel Engine market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Segment by Type: Four-Stroke Dual Fuel Engine,Two-Stroke Dual Fuel Engine
Segment by Application: Cargo Ship,Cruise Ship,Others
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