Stringent emission norms will increase demand for gas-powered and dual-fuel marine
engines
HFO (Heavy Fuel Oil) based marine engines have always dominated the marine engines market,
and will continue to hold the larger share in the marine engines market segment by fuel type.
With, recent emission norms announced by IMO and other organizations such as US EPA, there
will be an increase in share of the cleaner-fuel mix segments of marine engines as a result of an
increased demand for marine engines based on IFO, MDO, MGO, and dual-fuel marine engines as
well as gas-powered marine engines.
Major market players
Major market players covered are MAN Diesel & Turbo SE (Germany), Wärtsilä (Finland),
Caterpillar, Inc. (U.S.), Mitsubishi Heavy Industries (Japan), and Rolls-Royce Power Systems AG
(Germany) and others.
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