An engine or motor is one of the main components of any automobile that is designed to convert one form of energy to mechanical energy. It is a type of machine that converts power into motion. The internal combustion engine is one that generates motive power by burning of fossil fuels with the help of air within the engine. This results in the formation of hot gases that are used to drive a piston, which in return results in the movement of the vehicle. In other words, chemical energy is converted to useful mechanical energy by the internal combustion engines with the help of an oxidizer, which is air.
The factors such as increase in production leisure marine travelers (cruisers) and development of the global seaborne transport industry fuel the growth of the global marine internal combustion engine market. Moreover, rise in disposable income of the people drives the growth of the market. In addition, increase in awareness towards efficient use of fuel is expected to boost the adoption of such engines, as they will gradually replace the traditional steam engines. However, depletion in the global reserve of conventional fuels and rise in adoption of renewable sources of energy restrain the growth of the market. Easy availability of the engines parts and the development of engines that will run with the renewable sources of energy are expected to provide major opportunities for the market. Moreover, continuous advancements in the internal combustion engines to make them more efficient provides lucrative opportunity for the market.
The market for the marine internal combustion engine market is segmented on the basis of product, application, and geography. Based on product, the market is categorized into low-speed engine, medium-speed engine, and high-speed engine. Applications covered in the study include container ship, bulk freighter, tanker, and cruise. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The key players operating in the market are Antai Power, Caterpillar, DAIHATSU, Diesel United, Hyundai, Jinan Diesel Engine, Kawasaki, Mitsubishi, Rongan Power, and STX.
- This report provides an extensive analysis of the current and emerging market trends, dynamics, and estimations for the key market segments in the global marine internal combustion engine market from 2017 to 2023.
- Exhaustive analysis of the market by product and application helps to understand the current trends in use and the variants that are expected to gain prominence in the future.
- This report presents competitive intelligence of the market to understand the competitive scenario across the countries globally.
Marine Internal Combustion Engine Market Key Segmentation:
- Low-speed Engine
- Medium-speed Engine
- High-speed Engine
- Container Ship
- Bulk Freighter
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
- Antai Power
- Diesel United
- Jinan Diesel Engine
- Rongan Power