The global dual fuel engine market size reached USD 4.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 14.4 Billion by 2033, exhibiting a growth rate (CAGR) of 13.93% during 2025-2033. The market is growing rapidly, driven by the imposition of stringent environmental regulations by governments, heightened awareness about the product’s fuel flexibility and cost-effectiveness, rising concerns regarding energy security, rapid technological advancements, and widespread product utilization in the marine and power generation sectors.
A dual-fuel engine is an internal combustion (IC) engine that operates using a mixture of two different fuels. It runs on primary (main) and secondary (pilot) fuel, where the primary source is typically a gaseous fuel, such as hydrogen or syngas, or natural gas, which is injected into the intake manifold. On the other hand, the secondary or pilot fuel is injected into the combustion chamber using the standard fuel injection equipment and is used to ignite the mixture. Dual fuel engines produce similar or higher state and transient performance in terms of torque, power output, and fuel conversion efficiency, reduce the environmental impact of oil and gas operation, and offer cost-effectiveness and reduced fuel consumption.
Dual Fuel Engine Market Trends:
The widespread product adoption in the automotive industry across the globe is creating a positive outlook for the market. The dual fuel engine is widely used in compression ignition (CI) engines to promote the use of more readily available gaseous fuels or more efficient, advanced combustion modes. Additionally, the increasing utilization of dual fuel engines for land-based oil and gas drilling applications, as they deliver the same power density, torque curve, and transient response as the base diesel engine, is favoring the market growth. In line with this, the launch of the dual fuel combustion system in a mining truck which includes an onboard hydrogen storage system and replaces significant volumes of diesel due to the rising environmental consciousness among the masses is acting as another growth-inducing factor. Apart from this, the integration of machine learning (ML) with dual fuel engines that are used to predict the performance and emission characteristics and predict the biogas fuel, torque, and intake temperature is providing an impetus to the market growth. Moreover, the widespread product adoption in the marine industry to deliver excellent performance under the toughest conditions at sea and optimize vessel performance is positively influencing the market growth. Furthermore, the implementation of various government initiatives to utilize dual fuel engines for agricultural purposes due to the increasing emission levels of diesel engines is propelling the market growth. Other factors, including widespread product adoption in the power generation industry, extensive research and development (R&D) activities and various technological advancements, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on type and end user.
Type Insights:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook