The Marine Diesel Engine Global Market Report 2023, provides comprehensive information on the marine diesel engine market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global marine diesel engine market size is expected to grow from $7.32 billion in 2022 to $7.83 billion in 2023 at a compound annual growth rate (CAGR) of 6.99%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global marine diesel engine market size is expected to reach $10.51 billion in 2027 at a CAGR of 7.65%.
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Product innovation is the key trend gaining popularity in the marine diesel engine market. Major companies operating in the marine diesel engine market are focusing on developing new products. For instance, in August 2020, Caterpillar, a US-based manufacturer of construction, transportation, and energy equipment, launched Cat C32B, a new marine diesel engine. The unique feature of this engine is the advanced unit injection fuel system, which delivers multiple injections per injection event and provides a 25% noise reduction at low speeds, and the most recent version of Cat’s ADEM electronic engine control module (ADEM 6). The Cat C32B diesel engine develops 2,000 hp at 2,300 rpm, with an output power of 2,025 hp. It expands the power capabilities of the high-performance C32 series, increasing power by 5% over existing C32 engines, with only a 2% increase in weight.
The marine diesel engine market is segmented:
1) By Type: Auxiliary, Propulsion
2) By Speed: Low-Speed, Medium-Speed, High-Speed
3) By Stroke: 2-Stroke, 4-Stroke
4) By Power: <1,000 HP, 1,000-5,000 HP, 5,001-10,000 HP, 10,001-20,000 HP, >20,000 HP
5) By Application: Merchant, Offshore, Cruise And Ferry, Navy, Other Applications
Asia-Pacific was the largest region in the marine diesel engine market in 2022.
The table of contents in TBRC’s marine diesel engine market report includes:
1. Executive Summary
2. Marine Diesel Engine Market Characteristics
3. Marine Diesel Engine Market Trends And Strategies
4. Marine Diesel Engine Market – Macro Economic Scenario
5. Marine Diesel Engine Market Size And Growth
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26. Africa Marine Diesel Engine Market
27. Marine Diesel Engine Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Marine Diesel Engine Market
29. Marine Diesel Engine Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Caterpillar
- Cummins Inc
- HHI Engine & Machinery
- Deere & Company
- MAN Energy Solutions
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