Published on : May 31, 2017
Albany, New York, May 31, 2017: A new study, focusing on the market development of marine diesel has been recently added to the vast database of Market Research Hub’s offerings with a title of “Global Marine Diesel Market Research Report 2017”. According to this new study, Marine Diesel market has gained significant growth, in terms of value in 2016 and is also anticipated to reach a maximum value in USD million by the end of 2022, growing at an impressive double-digit CAGR between 2016 and 2022. This report analyzes and forecasts the market for marine diesel at the global and regional level. Additionally, the study includes drivers and restraints as well as opportunities in this market. It also covers the impact of these drivers and restraints on demand for marine diesel during the forecast period of 2017-2022.
Marine diesel is a type of fuel oil which is used in the maritime field. These are widely used by medium speed and medium/high-speed marine diesel engines. The Marine Diesel Engines are extremely fuel proficient and controlling and give best possible results. The engines used for the main propulsion or turning the propeller/s of the normal ships are usually slow speed 2-stroke engines while those used for providing auxiliary power are usually 4-stroke high-speed diesel engines.
In this study, market size and forecast have been provided in terms of global, regional, and country level markets. The report offers detailed regional segmentation that includes current and forecast demand for marine in North America, China, Europe, Japan, India and Southeast Asia. The report starts by presenting the brief overview of marine diesel market along with its detailed segmentation by type and application. Due to its lower price compared to more refined fuel, MDO is favored particularly by the shipping industry. As per the findings, rising demand for economically viable engines coupled with growing maritime tourism estimated to stimulate the marine diesel engines industry share.
Based on the type, it mainly includes low-speed marine diesel, medium-speed marine diesel and high-speed marine diesel. For each type, production and market share has been presented. On the other hand, based on application, it includes:
- Cargo Ship
- Cruise Ship
Moreover, a detailed analysis is done covering the above regions by capacity, production, revenue (value), supply, consumption, import and export. The application of marine diesel is analyzed for market share and growth rate for the forecasted period. Lastly, a precise research is done which pours light on the market drivers & opportunities highlighting the potential application and emerging markets.
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The competition by top manufacturers along with their capacity, production, share, average price, distribution, sales area and product type are analyzed in the report. Top players mentioned in the study are Wartsila, Rolls-Royce, Caterpillar, Hyundai, Mitsubishi, Kawasaki Heavy Industries, Yanmar, Deutz, MAN, Mhi-mme, Niigata Power Systems, STX Engine, MES, RongAn Power, Doosan, Daihatsu, CSSC, WeiCai, Volvo Penta and CSIC.
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