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. The market is divided into the following segments based on geography: - Americas - APAC - EMEA Technavio's report, Global Dual Fuel Engine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors - Caterpillar - Cummins - Kubota - MAN Diesel & Turbo - Wartsila
Other prominent vendors - ABC Diesel - Heinzmann - Hyundai - Rolls Royce - Westport - Woodward - Yanmar
Market driver - Stringent emission regulations: NOx reduction - For a full, detailed list, view our report Market challenge - Diesel engine technology gaining momentum with technological advances - For a full, detailed list, view our report Market trend - Increased OEM collaboration to study dual fuel engine technology for automobiles - For a full, detailed list, view our report Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors? You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary - Highlights PART 02: Scope of the report - Market overview PART 03: Market research methodology - Research methodology - Economic indicators PART 04: Introduction - Key market highlights PART 05: Market landscape - Market size and forecast - Five forces analysis PART 06: Market drivers - Stringent emission regulations: NOx reduction - US shale gas boom - Gradual conversion of conventional engines to dual fuel engines PART 07: Impact of drivers PART 08: Market challenges - Volatile maritime environment impacting demand - Diesel engine technology gaining momentum with technological advances PART 09: Impact of drivers and challenges PART 10: Market trends - Ammonia gas as substitute for natural gas in dual fuel engines - Increased OEM collaboration to study dual fuel engine technology for automobiles - LNG: Maritime green fuel of the future PART 11: Market segmentation by end-user - Market overview - Global dual fuel engine market: Marine industry - Global dual fuel engine market: Power generation industry PART 12: Geographical segmentation - Market overview - Dual fuel engine market: APAC - Dual fuel engine market: EMEA - Dual fuel engine market: Americas PART 13: Vendor landscape - Competitive landscape - Other prominent vendors PART 14: Key vendor analysis - Caterpillar - Cummins - Kubota - MAN Diesel & Turbo - Wartsila PART 15: Appendix - List of abbreviations PART 16: Explore Technavio List of Exhibits Exhibit 01: Considerations for market size Exhibit 02: Key countries in each region Exhibit 03: Price of crude oil ($/bbl) vs. natural gas ($/MMBtu) December 2012 to December 2015 Exhibit 04: Benefits of using a dual fuel engine Exhibit 05: Fuel comparison Exhibit 06: Natural gas consumption in US in transport and electric power sectors 2005-2015 (bcf) Exhibit 07: Global dual fuel engine market 2015-2020 ($ billions) Exhibit 08: Five forces analysis Exhibit 09: US EPA regulations (g/kWh) Exhibit 10: Natural gas production in US, Russia, and Saudi Arabia 2008-2014 (quadrillions Btu) Exhibit 11: Impact of drivers Exhibit 12: Annual export-import percentage change Exhibit 13: Top five countries by merchant fleet 2015 (by deadweight tonnage) Exhibit 14: Impact of drivers and challenges Exhibit 15: Global dual fuel engine market: End-user segmentation 2015 and 2020 Exhibit 16: Global marine propulsion engine market: Product segmentation 2015 and 2020 Exhibit 17: Global dual fuel engine market: Marine industry 2015-2020 ($ billions) Exhibit 18: Different pressure levels of HRSG Exhibit 19: Major differences between HRSG and regular boiler Exhibit 20: Global electricity demand growth 2015 Exhibit 21: Global dual fuel engine market: Power generation industry 2015-2020 Exhibit 22: Global dual fuel engine market: Geographic segmentation 2015 and 2020 Exhibit 23: Dual fuel engines market: APAC 2015-2020 ($ billions) Exhibit 24: Dual fuel engine market: EMEA 2015-2020 ($ billions) Exhibit 25: Dual fuel engine market: Americas 2015-2020 ($ billions) Exhibit 26: Key vendors Exhibit 27: Geographic presence of key vendors Exhibit 28: Engines offered by Caterpillar under dual fuel engine market Exhibit 29: Kubota WG series dual fuel engines
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