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Marine Reciprocating Engine Market Trends

Report ID: GMI9799
Published Date: Jun 2024
Report Format: PDF

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Marine Reciprocating Engine Market Trends

Surging demand for maritime trade and transportation along with flourishing fishing industry will drive the reciprocating engines market. Furthermore, the consistent efforts to minimize emission limits through frequent government clearances have constrained the industry's potential for new developments and the easy entry of manufacturers. The growing consumer interest toward cleaner energy sources along with expanding cruise and leisure industry will energize the business dynamics.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of marine reciprocating engine was reached USD 24.1 billion in 2023 and is anticipated to register 5.8% CAGR between 2024 and 2032, driven by increasing maritime tourism and ongoing technological advancement in marine engines.

The diesel fired segment in the marine reciprocating engine market is expected to witness 5% CAGR through 2032 propelled by their widespread adoption in maritime vessels for propulsion and auxiliary power generation.

Asia Pacific marine reciprocating engine market size is expected to reach USD 18 billion by 2032 due to the rapid infrastructural development and increasing popularity of maritime tourism.

Anglo Belgian Corporation, Caterpillar, Cummins, Inc., Daihatsu Diesel Mfg. Co., Ltd., Deere & Company, DEUTZ AG, HYUNDAI HEAVY INDUSTRIES CO., LTD., IHI Corporation, Kawasaki Heavy Industries Ltd. and MAN Energy Solutions, among others.