Global Dual Fuel Engine Market Growth 2025-2031

Global Dual Fuel Engine Market Growth 2025-2031

The global Dual Fuel Engine market size is predicted to grow from US$ 3133 million in 2025 to US$ 10590 million in 2031; it is expected to grow at a CAGR of 22.5% from 2025 to 2031.

Dual fuel engines make use of both natural gas and diesel or gasoline simultaneously as a fuel source to operate. Among the two types of fuel, natural gas is used the most (accounting for 90% of the overall fuel mix). Diesel merely serves as a spark plug, which ignites under pressure and, in turn, ignites the compressed gas and air mixture. Retaining the use of diesel, ensures that the fuel, its compression ratio, and associated efficiency remains intact, while the use of natural gas ensures less operating cost as well as low levels of emissions.

Global Dual Fuel Engine key players include WinGD, MAN, etc. Global top two manufacturers hold a share about 90%.

Asia Pacific is the largest market, with a share about 60%, followed by Europe, and North America, both have a share over 30 percent.

In terms of product, Two-Stroke is the largest segment, with a share over 65%. And in terms of application, the largest application is Cargo Ship, followed by Cruise Ship, etc.

LP Information, Inc. (LPI) ' newest research report, the “Dual Fuel Engine Industry Forecast” looks at past sales and reviews total world Dual Fuel Engine sales in 2024, providing a comprehensive analysis by region and market sector of projected Dual Fuel Engine sales for 2025 through 2031. With Dual Fuel Engine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Dual Fuel Engine industry.

This Insight Report provides a comprehensive analysis of the global Dual Fuel Engine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Dual Fuel Engine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Dual Fuel Engine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Dual Fuel Engine and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Dual Fuel Engine.

This report presents a comprehensive overview, market shares, and growth opportunities of Dual Fuel Engine market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Four-Stroke
Two-Stroke

Segmentation by Application:
Cargo Ship
Cruise Ship
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Win GD
MAN
Wartsila
Hyundai Heavy
Yuchai

Key Questions Addressed in this Report

What is the 10-year outlook for the global Dual Fuel Engine market?

What factors are driving Dual Fuel Engine market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Dual Fuel Engine market opportunities vary by end market size?

How does Dual Fuel Engine break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.