Dual Fuel Engine Market: 43% of Growth to Originate from APAC | By End-user and Region | Global Forecast to 2025

Highlights-

• Driver- Stringent regulations on NOx emissions to drive the market.
• Trend- Ammonia gas as a substitute for natural gas in dual fuel engine is expected to be a key trend of the market.
• Key Companies- Anglo Belgian Corp., Caterpillar Inc., Cummins Inc., Heinzmann GmbH and Co. KG, Kubota Corp., MAN Energy Solutions SE, Wartsila Corp., Westport Fuel Systems Inc., Woodward Inc., and Yanmar Holdings Co. Ltd. among others.
• Key Region & Countries- The US, India, Germany, GCC, and China are the leading countries. APAC is expected to garner significant business opportunities for the vendors during the forecast period.

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Learn More about Key Driver & Trend of the Market-

• Dual Fuel Engine Market Driver:
• Stringent regulations on NOx emissions:

One of the key factors driving growth in the dual fuel engine market is the stringent regulations on NOx emissions. Diesel emissions have a detrimental impact on the environment, especially on air quality. This has been the primary subject of recent environmental studies, which has further led to necessary changes in diesel emission regulations. Following the rise in awareness about emission regulations, diesel engine manufacturers must ensure that their products have high-performance levels while meeting stringent emission norms. The challenge lies in the reduction of NOx at the source to avoid cost-intensive measures. The current models of diesel engines are the cleanest combustion engines on the market. To comply with stringent government regulations, such as those imposed by the US EPA or the EU, engine manufacturers need to embrace the strict legislations of Tier IV when operating in the US and Stage III and IV standards when operating in Europe.

• Dual Fuel Engine Market Trend:
• Ammonia gas as a substitute for natural gas in dual fuel engine:

Ammonia gas as a substitute for natural gas in dual fuel engines is another factor supporting the dual fuel engine market share growth. The use of ammonia gas as a fuel source in dual-fuel applications is relatively a novel idea. A significant reduction in CO₂, NOx, and PM emission levels is observed when ammonia is used as a fuel. Ammonia is a high-octane fuel, which possesses a high level of resistance to pre-ignition. Engines using ammonia as a fuel source have enhanced power output compared with when gasoline or diesel is used in the same engine. Both these properties of ammonia, when combined, provide significantly high engine efficiency. This has encouraged the design and development of engines that can take advantage of using ammonia as a fuel source. Owing to several benefits that ammonia gas offers, various research organizations are focusing on studying the effective use of ammonia in dual fuel engines.

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Vendor Insights-

The dual fuel engine market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

• Anglo Belgian Corp.- The company offers dual fuel engine solutions for 12 cylinder V engine with four stroke and direct fuel injection, under the genset name 12DZD.
• Caterpillar Inc.- The company offers dual fuel engine solutions for marine engines and generator sets for customers in the cruise, ferry, cargo, inland waterway, offshore, tug and salvage, fishing, governmental and dredge segments, under the brand name MAK.
• Cummins Inc.- The company offers dual fuel engine solutions for drilling applications with power ranging from 1400 to 2200 hp, under the QSK50 series.

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Regional Market Outlook

43% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for dual fuel engines in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The high demand from the marine and power sectors will facilitate the dual fuel engine market growth in APAC over the forecast period.

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