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.
This report contains market size and forecasts of Dual Fuel Engine in global, including the following market information:
Global Dual Fuel Engine Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Dual Fuel Engine Market Sales, 2017-2022, 2023-2028, (MW)
Global top five Dual Fuel Engine companies in 2021 (%)
The global Dual Fuel Engine market was valued at 2231.8 million in 2021 and is projected to reach US$ 8361.6 million by 2028, at a CAGR of 20.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Four-Stroke Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Dual Fuel Engine include Win GD, MAN, Wartsila, Hyundai Heavy and Yuchai, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Dual Fuel Engine manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Dual Fuel Engine Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MW)
Global Dual Fuel Engine Market Segment Percentages, by Type, 2021 (%)
Four-Stroke
Two-Stroke
Global Dual Fuel Engine Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MW)
Global Dual Fuel Engine Market Segment Percentages, by Application, 2021 (%)
Cargo Ship
Cruise Ship
Others
Global Dual Fuel Engine Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MW)
Global Dual Fuel Engine Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Dual Fuel Engine revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Dual Fuel Engine revenues share in global market, 2021 (%)
Key companies Dual Fuel Engine sales in global market, 2017-2022 (Estimated), (MW)
Key companies Dual Fuel Engine sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Win GD
MAN
Wartsila
Hyundai Heavy
Yuchai