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The dual fuel engine market size is forecast to increase by USD 3.09 billion, at a CAGR of 14.51% between 2023 and 2028. The growth rate of the market depends on several factors such as an increase in the adoption of cleaner technologies, an increase in demand for dual-fuel engines in the generation of electricity and gradual conversion of conventional engines to dual-fuel engines. Our market report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.
The demand for dual-fuel engines as well as gas engines in North America, propelled by stringent emission laws and the imperative for efficient power generation, particularly in the US and Canada, is met by key offerings from companies like Anglo Belgian Corp, featuring the BeHydro dual-fuel engine with an energy capacity ranging from 1 MW to 10 MW. Similarly, Cummins Inc. contributes to this demand with its offerings, including the 3512E Tier 4 Final Dynamic Gas Blending Engine and the 3512C Dynamic Gas Blending Engine.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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