The ‘Marine Engines – Global Market Outlook (2017 – 2026)’ report has been added to ResearchAndMarkets.com's offering. A summary of the report’s findings can be found below.
The global marine engines market accounted for US$12.91 billion in 2017 and is expected to reach US$18.55 billion by 2026, growing at a CAGR of 4.1% from 2017 to 2026.
Some of the factors, such as increased maritime tourism, growth in shipbuilding activities and the rising usage of environment friendly LNG-fuelled engines, are favouring the market. However, strict environmental regulations coming into effect are hampering the market. Moreover, increasing demand for dual-fuel engines will provide ample opportunities for growth of the market.
For more information about this report visit: https://www.researchandmarkets.com/r/opcve5
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/29072019/global-marine-engines-market-2019-2026-report-released/