Dual Fuel Engine Market Trends

Key Emerging Trends in the Dual Fuel Engine Market

Over the past few years, trends that have emerged in the market for dual fuel engines indicate high demand toward developing sustainable and effective energy solutions. Dual fuel engines operate in combination of two fuels commonly natural gas and diesel, which affords an alternative to the conventional combustion process that may be favourable ecologically. An important market trend is the rising demand for dual fuel engines within transportation, focusing on marine and heavy-duty trucking markets.
This shift is driven by the desire to reduce greenhouse gas emissions and maintain a high level of regulatory compliance. In the shipping sector, dual fuel engines consume less gas and are also much more effective in terms of meeting greenhouse emissions while following regulatory demands that have been finalized by IMO. Yet, since the growing demand to lessen discharges and satisfy higher environmental standards; ship owners are more likely turning towards dual fuel technology.
This trend is clearly seen in the increased number of vessels carrying dual fuel engines such as large container ships and cruise liners. In the same vein, the market for heavy-duty trucks is witnessing a rapid increase in replacement of dual fuel engines to offset environmental issues and improve operational efficiency. With a dual fuel setup, trucks are able to change from natural gas and diesel enabling the fleet manager greater flexibility in their choice of fuel based on availability or cost.
As dual fuel technology offers both economic and environmental benefits, fleets are moving towards a phase-out of conventional transportation methods in favor for more sustainable options. Another important change in the market for dual fuel engines is constant innovation and development of advanced technologies. Through the research and development of dual fuel engines, different engine manufactures invest to boost their performance.
This involves combustion process optimization, fuel injection system improvement and intelligent controlling the blend of different fuels. These technological developments help to make dual fuel engines more reliable and competitive against other traditional alternatives. In addition, the worldwide trend to minimize reliance on fossil fuels and move towards greener energy is a major growth factor for dual fuel engine market.
Governments and regulatory bodies across the globe have adopted policies and incentives that are aimed at promoting adopting alternative fuel such as natural gas. The double support from the regulatory push and increasing awareness about eco-damage caused by conventional engines is causing growth in dual fuel engine market across different industries.