Title: Diesel Engines Market in Marine sector Analysis and Industry Forecast, 2017 – 2024
1Analysis 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
2Key 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.
3 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.
4Europe Marine Diesel Engines Market Size, By
Application, 2016 2024 (Mn)
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6360 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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