Pune, India, November 30, 2021 (GLOBE NEWSWIRE) –
The global marine diesel engine market size is expected to increase at a substantial CAGR during the forecast period as shipbuilding activity increases. Maritime tourism is also experiencing steady growth in many countries. Governments around the world advocate the use of green fuels and impose strict rules and regulations to ensure their proper use. The trends that are expected to create a positive forecast for the industry are mentioned below:
Maritime tourism stimulates the use of diesel engines:
Maritime tourism is experiencing vigorous progress in the region as the number of people participating in water sports and other recreational activities increases. Many cruise line manufacturing companies are focused on expanding their product portfolio by producing high end vessels that feature enhanced diesel engine performance. These developments are expected to improve the overall cruise experience for passengers.
Access examples of report pages, “North America Marine Diesel Engine Market Forecast 2027″ in detail with the table of contents (ToC) @
Marine diesel engines are used in several commercial applications:
The size of the North America marine diesel engine market from commercial applications will register a strong CAGR through 2027 as governments show their support by offering export subsidies and low cost loans. These incentives have played a key role in increasing maritime trade activities.
Additionally, organizations are focused on creating highly functional and advanced product designs. Companies are also increasing their investments to discover and integrate advanced technologies into their products and modernize purification systems, thus increasing the use of marine diesel engines.
The use of high-speed diesel engines is increasing:
High-speed marine diesel engine technology could hold a significant share of the regional market by 2027. Recreational vessels are installing these engines on a large scale because they are very efficient in terms of operation and fuel consumption compared to their counterparts. As business owners and customers become aware of the negative environmental effects of using diesel engines in ships, engine manufacturers are using high-end technologies to mitigate CO emissions2 emissions.
The size of the Chinese marine diesel engine market is increasing:
China’s market share could increase significantly as the demand for modernization of various ship components increases. The rules set by the government regarding the efficiency of marine diesel systems have become strict. Oil and gas exploration activities are increasing at a steady pace as there is a strong demand for petroleum products like diesel, thus increasing the adoption of diesel engines.
Access examples of report pages, “Asia-Pacific Marine Diesel Engine Market Forecast 2027” in detail with the table of contents (ToC) @
Use of diesel engines in cruises and ferries:
The Asia-Pacific market size cruise and ferry applications are expected to develop at a significant rate. Passenger ships are widely adopted to meet the leisure and travel demands of the people.
According to the Australian superyacht industry, a wealthy Australian citizen spends almost $ 780,000 per week on a chartered yacht for recreational pursuits. Customers with a rich per capita income can splurge on luxury yachts and cruises, increasing the installation of diesel engines.
Low-speed marine diesel engines gain traction:
Low-speed marine diesel engines could hold a significant share of the regional industry during the period 2021-2027, as manufacturers incorporate advanced technologies to develop high-quality engines. Some of the benefits of using these components include providing sufficient propeller speed without the need for a speed reducer and the ability to use less fuel compared to their alternatives. Commercial activity on long voyages is increasing, which will amplify the use of low-speed diesel engines in tankers, freighters, merchant ships and bull carriers.
The market share of marine diesel engines in Germany is increasing:
A sharp increase in shipbuilding and modernization activities will boost German market forecasts. The government is introducing strict standards to ensure high efficiency of the system. Oil and gas exploration activities are increasing in the country to meet the demand for diesel products, thus complementing the use of diesel engines in ships.
Access examples of report pages, “Europe Marine Diesel Engine Market Forecast 2026” in detail with the table of contents (ToC) @
Strong demand for low speed marine diesel engines:
Low-speed marine diesel engines will register a high CAGR until 2027 as the need to use cost-effective and fuel-efficient systems increases. These engines will be widely deployed in vessels intended for trading activities on long routes. They offer high thermal stability, are economical and will mainly be used in merchant ships, such as bulk carriers and tankers.
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