Dual Fuel Engine Market Growth, Trends and Forecast

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Technavio Announces the Publication of its Research Report – Global Dual Fuel Engine Market 2016-2020
Technavio recognizes the following companies as the key players in the global dual fuel engine market:
Caterpillar, Cummins, Kubota, MAN Diesel & Turbo, and Wärtsilä
.Other Prominent Vendors in the market are: ABC Diesel, Heinzmann, Hyundai, Rolls Royce, Westport,
Woodward, and Yanmar.
Commenting on the report, an analyst from Technavio’ s team said: “ The growing preference for liquefied
natural gas (LNG) will one of the key trends in this market LNG is economically the most preferred fuel choice
of the shipping industry. It is particularly more applicable for ships that sail in emission control areas (ECAs).
Natural gas is set to be the most preferred fuel choice in certain environmental systems (for instance, in the
Baltic Sea region) as well as in the international sea trade routes.”
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According to the report, US shale gas boom will be a key driver for market growth. The US discovered
additional energy reserves (shale natural gas) in the continental US in recent years. Such additions stemmed
from exploration and development in the Marcellus Shale in Pennsylvania and West Virginia, the Eagle Ford
Shale in Texas, the Woodford Shale in Oklahoma, and the Utica Shale in Ohio.
Further, the report states that a major challenge for the market will be the diesel engine technology gaining
momentum with technological advances. Improved fuel economy continues to be the most significant progress
in diesel engine technology. Although many end-users prefer gasoline-powered equipment, diesel engines
possess a solid end-user base in terms of the industrial sector as this sector considers fuel economy as an
important parameter in owning a power backup equipment. Over the years, several initiatives and changes
have been implemented to improve the overall efficiency of the diesel engine. Most of the modifications
involved igniting power within the engine itself, derived from the combination of oxygen and fuel.
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The study was conducted using an objective combination of primary and secondary information including inputs
from key participants in the industry. The report contains a comprehensive market and vendor landscape in
addition to a SWOT analysis of the key vendors.
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About Dual Fuel Engine
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.
Technavio’ s analysts forecast the global dual fuel engine market to grow at a CAGR of 6.5% during the period
2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global dual fuel engine market for
2016-2020. To calculate the market size, the report considers the demand for dual fuel engines from end-user
industries across the globe.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.