This report provides exclusive insights into the COVID-19 impact on the Dual Fuel Engine Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Dual Fuel Engine Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Dual Fuel Engine Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on dual fuel
engine market provides in-depth analysis of segments and sub-segments in the
global as well as regional dual fuel engine market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional dual fuel engine market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global dual fuel engine market. According to the report, the global dual fuel
engine market is projected to grow at a CAGR of 9.2% over the forecast period
Dual fuel engine is a compression ignition engine that can run on
both gaseous and liquid fuels. Dual fuel engine becoming popular in many parts
of the world owing its numerous advantages includes low initial cost, lower
maintenance cost, and environment-friendly nature. This engine is suitable for
LPG and CNG. Additionally, it generates a higher power than the diesel engine. These
types of engines are used in locomotives, automobiles, and the electric power
Diesel emissions contribute to a considerable amount of air
pollution across the globe. Combustion of diesel results in the emission of
harmful pollutants such as carbon monoxide, nitrogen oxides, hydrocarbons, and
many others. This, in, turns, led the adoption of new technologies such as
dual fuel engine to ensure that their products have the high-performance level
while meeting the stringent emission norms. Moreover, stringent regulation by
several government bodies such as European Industrial Emissions Directive and
the U.S. Environmental Protection Agency regarding the reduction of harmful
pollutants in the North America and Europe region is likely to have a positive
impact on the growth of dual fuel engine market over the forecast period.
Additionally, increasing awareness about more-efficient and reliable marine
propulsion is augmenting the market growth. On the other hand, a number of
manufacturers are now developing dual fuel engines is providing fruitful
opportunities for the growth of the market in the near future.
Among the geographies, Asia-Pacific is dominating the global
dual fuel engine market over the forecast period. The growth of this region is
attributed owing to the extensive presence of prominent end-user industries. Additionally,
the growing demand to reduce engine emissions in recent years has led to an
interest in dual fuel engine market in the Asia-Pacific region. Currently,
there are companies in the countries such as Italy, the United Kingdom, and
Canada, are supplying a variety of dual fuel engines is likely to augment the
growth of Europe dual fuel engine market over the forecast period.
The report on global dual fuel engine market covers segments such
as end-user. On the basis of end-user, the sub-markets include power
generation, marine, automobiles, and other end-users.
The report provides profiles of the companies in the market such
as Yanmar Co., Ltd., Woodward, Inc., Hyundai Motor Company, HEINZMANN GmbH
& Co, ABC Diesel, Wärtsilä Oyj Abp, MAN Energy Solutions, Kubota Corporation,
Cummins, and Caterpillar Inc.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical tools
such as Porter's five forces analysis and DRO analysis of dual fuel engine
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.