Market Research Logo

Global Dual Fuel Engine Market 2016-2020

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
  • Wärtsilä
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?


Press Release

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.”

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.

Companies Mentioned

Caterpillar, Cummins, Kubota, MAN Diesel & Turbo, Wärtsilä, ABC Diesel, Heinzmann, Hyundai, Rolls Royce, Westport, Woodward, Yanmar.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Considerations for market size
      • Table Key countries in each region
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Price of crude oil ($/bbl) vs. natural gas ($/MMBtu) December 2012 to December 2015
      • Table Benefits of using a dual fuel engine
      • Table Fuel comparison
  • Market landscape
    • Market size and forecast
      • Table Natural gas consumption in US in transport and electric power sectors 2005-2015 (bcf)
      • Table Global dual fuel engine market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market drivers
    • Stringent emission regulations: NOx reduction
      • Table US EPA regulations (g/kWh)
    • US shale gas boom
      • Table Natural gas production in US, Russia, and Saudi Arabia 2008-2014 (quadrillions Btu)
    • Gradual conversion of conventional engines to dual fuel engines
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Volatile maritime environment impacting demand
      • Table Annual export-import percentage change
      • Table Top five countries by merchant fleet 2015 (by deadweight tonnage)
    • Diesel engine technology gaining momentum with technological advances
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • 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
  • Market segmentation by end-user
    • Market overview
      • Table Global dual fuel engine market: End-user segmentation 2015 and 2020
    • Global dual fuel engine market: Marine industry
      • Table Global marine propulsion engine market: Product segmentation 2015 and 2020
      • Table Global dual fuel engine market: Marine industry 2015-2020 ($ billions)
    • Global dual fuel engine market: Power generation industry
      • Table Different pressure levels of HRSG
      • Table Major differences between HRSG and regular boiler
      • Table Global electricity demand growth 2015
      • Table Global dual fuel engine market: Power generation industry 2015-2020
  • Geographical segmentation
    • Market overview
      • Table Global dual fuel engine market: Geographic segmentation 2015 and 2020
    • Dual fuel engine market: APAC
      • Table Dual fuel engines market: APAC 2015-2020 ($ billions)
    • Dual fuel engine market: EMEA
      • Table Dual fuel engine market: EMEA 2015-2020 ($ billions)
    • Dual fuel engine market: Americas
      • Table Dual fuel engine market: Americas 2015-2020 ($ billions)
  • Vendor landscape
    • Competitive landscape
      • Table Key vendors
      • Table Geographic presence of key vendors
    • Other prominent vendors
  • Key vendor analysis
    • Caterpillar
      • Table Engines offered by Caterpillar under dual fuel engine market
    • Cummins
    • Kubota
      • Table Kubota WG series dual fuel engines
    • MAN Diesel & Turbo
    • Wärtsilä
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report