PPT for Marine Diesel Engine Market: Global Market Insights, Inc.

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Marine Diesel Engine Market 2016 2023
Marine Diesel Engine Market Size, Industry
Analysis Report, Regional Outlook, Application
Development Potential, Price Trend, Competitive
Market Share Forecast, 2016 2023
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Global Market Scenario of Marine Diesel Engine

• Global marine diesel engine market size was
  valued at around USD 6 billion in 2015 and is
  anticipated to exceed USD 8 billion by 2023, with
  growth rate at over 4 from 2016 to 2023.
• Proliferating demand for financially efficient as
  well as operationally dependable ships is
  expected to drive the industry.
• In addition, momentous modernization in marine
  propulsion is also likely to propel the industry
  demand over the forecast period. Diesel engine
  technology is a reliable technology and can also
  be used for auxiliary power generation.
• Increase in maritime tourism coupled with growth
  in the shipbuilding industry is anticipated to be
  the key driving factors for the marine diesel
  engine market size growth over the next seven
  years.

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• Several providers such as Wärtsilä, Mitsubishi
  Heavy Industries, and MAN utilize technology
  licenses for sale and production.
• Wärtsilä and MAN are the foremost license
  providers across the globe in 2015, they
  accounted for more than 95 of the global low
  speed engine market share and over 75 of medium
  speed engine market share.
• The global marine diesel engine market share can
  be segmented on the basis of product,
  application, and region. By product, low speed
  (two-stroke) and high speed (four-stroke) diesel
  engines are the major segments. Inland waterways
  vessels, commercial vessels, and offshore support
  vessels are the key applications.
• Get more detail _at_ https//www.gminsights.com/indus
  try-analysis/marine-diesel-engine-market

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360 Analysis

• Application Analysis
• China marine diesel engine market holds the
  largest shipbuilding sector and is expected to
  apply patents of Wärtsilä, Mitsubishi Heavy
  Industries, and MAN in order to continue its
  dominance over the forecast period. In 2015, MAN
  signed a ten-year agreement pertaining to low
  speed two-stroke diesel engine license with China
  Shipbuilding Industry Corporation (CSIC) and
  China State Shipbuilding Corporation (CSSC).
• Regional Analysis
• Asia Pacific marine diesel engine market share
  was the largest in 2015 and is likely to continue
  its supremacy owing to the existence of key
  shipbuilding nations such as Japan, South Korea,
  China, Malaysia, and India. At present, Japan,
  China, and South Korea collectively account for
  over 80 of the regional marine diesel engine
  market size. South Korea holds majority of
  industry share in low speed segment, while Japan
  and China lead the medium speed segment. Use of
  renewable energy sources such as wind energy and
  solar energy for meeting auxiliary power
  requirements is expected to increase over the
  forecast period.
• Competitive Market Share
• Companies dominating marine diesel engine market
  share include Wärtsilä, Caterpillar, Mitsubishi
  Heavy Industries, Hyundai Heavy Industries,
  Doosan Engine, Dalian Marine Diesel, Hu Dong
  Heavy Machinery, MAN Group, Weichai Heavy
  Machinery, and CSSC-MES Diesel. Leading engine
  manufacturers have well-established spare part
  and repair networks globally.

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