Diesel Engines Market in Marine sector Analysis and Industry Forecast, 2017 – 2024

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Analysis of Marine Diesel Engines Market
applications and companies active in the industry
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Marine Diesel Engines Market

• According to United Nations Conference on Trade
  Development (UNCTAD), global seaborne trade in
  2014 expanded by 3.4 when compared to 2013. High
  reliability and alternative use as an auxiliary
  engine will further propel the business
  landscape.
• In 2015, the U.S. shipbuilding industry
  contributed over USD 37.3 billion in the
  countrys GDP. However, introduction of emission
  norms by MARPOL and IMO may act as industry
  restraint.
• Optimum utilization of fuel coupled with cost
  affordability will enhance marine diesel engines
  market share. Decline in crude oil price with a
  positive outlook toward shipbuilding industry may
  further stimulate the product demand.

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Continued...

• Offshore in 2016 accounted for over 18 of the
  marine diesel engines market. Increasing shale
  exploration and production in offshore areas will
  enhance the demand for offshore support vessels
  including drill ships, FPSO and rigs.
• Increasing governmental expenditure towards
  strengthening naval forces will fuel the navy
  marine diesel engines market. Russia has laid
  down its ambitious plan to increase its military
  support fleet by building more than 60 ships
  including aircraft carriers and submarines by
  2020.
• Key players in the marine diesel engines market
  include Wartsila, NYK Line, Man DT, Mitsui OSK
  Lines, Kawasaki Kisen Kaisha, COSCO, CMA CGM
  Holding, China Shipping Development, Teekay and
  A.P. Møller-Maersk.

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Europe Marine Diesel Engines Market Size, By
Application, 2016 2024 (Mn)

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360 Analysis

• Product Analysis
• Significant growth in container trade accounted
  for over 23 of the world-wide seaborne trade in
  the period. More than 80 of trade is seaborne,
  however it is also a major contributor to carbon
  emissions. In 2007, international shipping
  accounted for more than 82 of global carbon
  dioxide emissions by the shipping industry.
• Regional Analysis
• Increasing governmental investment to strengthen
  its shipbuilding sector coupled with growing
  skilled workforce will propel the South Korea
  market. In 2016, Government of South Korea
  invested USD 9.6 billion to enhance its
  shipbuilding business.
• Competitive Market Share
• Notable players in the marine diesel engines
  market include A.P. Møller-Maersk, Wartsila, Man
  DT, NYK Line, Mitsui OSK Lines, COSCO, MSC
  Mediterranean Shipping, Anangel Shipping,
  Kawasaki Kisen Kaisha, China Shipping, Teekay,
  Carnival, China Merchants CMA CGM Holding, BW
  Group, Euronav NV, Sinokor Merchant and China
  Shipping Development.

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