The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased seaborne trade is likely to spur innovation in marine diesel engine production, propelling the market during the forecast period.

The global marine diesel engine market is expected to grow from $7.32 billion in 2022 to $7.83 billion in 2023 at a compound annual growth rate (CAGR) of 6.99%. The global marine diesel engine market size is expected to reach $10.51 billion in 2027 at a CAGR of 7.65%.

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Global Marine Diesel Engine Market Segments Include:

• By Type: Auxiliary, Propulsion
• By Speed: Low-Speed, Medium-Speed, High-Speed
• By Stroke: 2-Stroke, 4-Stroke
• By Power: <1,000 HP, 1,000-5,000 HP, 5,001-10,000 HP, 10,001-20,000 HP, >20,000 HP
• By Application: Merchant, Offshore, Cruise And Ferry, Navy, Other Application
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global marine diesel engine market in 2021.

Major Market Players in the marine diesel engine market include Caterpillar, Cummins Inc., HHI Engine & Machinery, Deere & Company, MAN Energy Solutions, AB Volvo Penta, YANMAR Marine International, STX Engine, Daihatsu Diesel Mfg. Co. Ltd.

Product innovation is a significant trend that is gaining traction in the marine diesel engine industry. Major players in the marine diesel engine market are focusing on the development of new products. Caterpillar, a US-based maker of construction, transportation, and energy equipment, for example, will unveil the Cat C32B, a new marine diesel engine, in August 2020. The sophisticated unit injection fuel system, which delivers several injections per injection event and provides a 25% noise reduction at low speeds, and the most recent version of Cat’s ADEM electronic engine control module (ADEM 6) distinguish this engine. The Cat C32B diesel engine produces 2,000 horsepower at 2,300 rpm and outputs 2,025 hp. It increases the power capability of the high-performance C32 series by 5% above existing C32 engines while only adding 2% weight.

The Marine Diesel Engine Global Market Report 2023  provides a marine diesel engine market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The marine diesel engine market forecast analyzes marine diesel engine market size, marine diesel engine market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A marine diesel engine is a reciprocating internal combustion engine that burns either diesel or a combination of fuels. It is used to propel the ship by turning the propeller.

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