About Marine Diesel Engine
The marine diesel engine is an internal combustion engine in which ignition of the fuel that has been injected into the combustion chamber is caused by the high temperature which a gas achieves when greatly compressed in the marine ship. Marine engines are heat engines used for converting heat, which is generated by burning fuel, into useful work, i.e. developing thermal energy and transforming it into mechanical energy. The engines used onboard ships are internal combustion engines (a type), in which, the combustion of fuel takes place inside the engine cylinder and the heat is generated post the combustion process. and The emphasis of the shipping industry largely on developing advanced engines that improve fuel efficiency and reduce carbon dioxide emission offers a lucrative opportunity in the growth of the very market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Japanese Manufacturers will contribute the maximum growth to Global Marine Diesel Engine market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wartsila (Finland), Hyundai (South Korea), MAN Energy Solutions (Germany), Caterpillar (United States), Rolls-Royce (United Kingdom), Volvo Penta (Sweden), China State Shipbuilding Corporation (China), Yanmar Co., Ltd. (Japan), Doosan Corporation (South Korea), Mhi-mme (Japan), STX Engine (South Korea) and Kawasaki Heavy Industries, Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Hefei RongAn Power Machinery Co., Ltd. (China), Wärtsilä (Finland), GE Transportation (United States) and DEUTZ AG (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Marine Diesel Engine market by Type (2 Stroke Trunk Piston Engine, 4 Stroke Trunk Piston Engine, 2 Stroke Cylinder Engine and 4 Stroke Cylinder Engine), Application (Cargo Ship, Cruise Ship and Other) and Region.
On the basis of geography, the market of Marine Diesel Engine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Engine Power Range, the sub-segment i.e.
will boost the Marine Diesel Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surging Demand for Dual-Fuel Engines and Rise in Investment Toward Shipbuilding Sector
Market Growth Drivers:
Increasing Number of International Marine Freight Transport and Surge in Penetration of Smart Engines for Situational Awareness and Safety
Challenges:
Shipping Overcapacity Worldwide
Restraints:
Stringent Environmental Regulations Worldwide and Fluctuations in Oil & Gas Prices
Opportunities:
Growth in Maritime Tourism in both Developing and Developed Nations and Increasing Naval Budgets across the World
Market Leaders and their expansionary development strategies
In February 2023, South Korean conglomerate, the Hanwha Group, is moving quickly to consolidate its position in the shipbuilding industry to provide a total ship manufacturing solution while also preparing for the emergence of future alternative fuels.has acquire a controlling stake in HSD Engine, a South Korean company specializing in ship engines.
In December 2023, MAN Engines is expanding its engine portfolio for workboats with the MAN D3872 engine series. The newly developed V12 engine has a 30 L displacement – a first for the company – and is suited for medium- and heavy-duty applications.The MAN D3872 has a new common rail injection system with an injection pressure of 2,200 bar that enables low fuel consumption and optimal raw emissions.
"The NOx emission limits of Regulation 13 of MARPOL Annex VI apply to each marine diesel engine with a power output of more than 130 kW installed on a ship. A marine diesel engine is defined as any reciprocating internal combustion engine operating on liquid or dual fuel."
Key Target Audience
Marine Diesel Engine Manufacturers, Component Suppliers, Technology Providers, Service Providers, Government Regulatory Body, End User and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.