July 25, 2016 - 12:20 PM EDT
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Technavio Announces Top Three Emerging Trends Impacting the Global Dual Fuel Engine Market Until 2020

Technavio’s latest report on the global dual fuel engine market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Gaurav Mohindru, a lead analyst from Technavio, specializing in research on tools and components sector, says, “APAC has the largest share of dual fuel engine market in the world, as the region has a wide presence of both the prominent end-user industries — marine and power generation.”

The top three emerging trends driving the dual fuel engine market according to Technavio heavy industry research analysts are:

  • Ammonia gas as substitute for natural gas in dual fuel engines
  • Increased OEM collaboration to study dual fuel engine technology for automobiles
  • LNG: Maritime green fuel of the future

Ammonia gas as substitute for natural gas in dual fuel engines

“Ammonia is considered to be a high-octane fuel, which possesses high level of resistance to pre-ignition. It is found that engines using ammonia as a fuel source have enhanced power output compared to when gasoline or diesel is used in the same engine. Both these properties of ammonia when combined provide significantly high engine efficiency. This has encouraged the design and development of engines that can take advantage of using ammonia as a fuel source,” according to Gaurav.

There are several other environmental, economic, and efficiency-related advantages that comes with using ammonia as a fuel. Manufacturing ammonia is easy and requires natural ingredients available in abundance, such as air (for nitrogen), water (for hydrogen) or any other source of hydrogen, and a primary source of energy (solar, wind, coal, nuclear, and natural gas, among others.) The only significant pollutant emitting from the combustion of ammonia is NOx, whose level can be reduced significantly with the use of SCR technology.

The overall delivery infrastructure required for ammonia is significantly lesser than that needed to transport hydrogen. In fact, liquid nitrogen contains 30% more hydrogen per unit volume than liquid hydrogen. Ammonia ranks second among the world’s most transported chemicals.

Increased OEM collaboration to study dual fuel engine technology for automobiles

Scientists conducting research at Argonne National Laboratory, under the US Department of Energy, have entered into a collaboration with automobile manufacturers, like Ford Motor and FCA US, under a cooperative research and development agreement, to conduct research on tricky fuel mixing challenges that will help in the development of more efficient engines.

The major focus of executing this research study is to explore the associated technological concepts and development of an engine that operates on traditional gasoline or diesel and on natural gas at the same time. This technological development makes use of the best of the characteristics of both the fuels. This technology aids in reducing oil consumption, thus taking the maximum advantage of the booming natural gas supplies, especially in the US. By mixing fuel combination effectively, the maximum efficiency can be drawn out of the engine.

LNG: Maritime green fuel of the future

Liquefied natural gas (LNG) is economically the most preferred fuel choice of the shipping industry. It is particularly more applicable for ships that sail in emission control areas (ECAs). Natural gas is set to be the most preferred fuel choice in certain environmental systems (for instance, in the Baltic Sea region) as well as in the international sea trade routes.

“Due to lack of adequate LNG infrastructure, the use of this fuel is somewhat limited irrespective of the fact that it possesses superior properties compared to other traditional fuels. Hence it has now become essential to build the necessary LNG infrastructure. Countries worldwide need to adopt and implement environmental policies that promote the benefits of using natural gas as a marine fuel,” says Gaurav. The seaborne trade will soon experience notable variations in the form of greater adoption for LNG as a fuel for marine vessel propulsion. It has been observed that due to the stringent environmental norms, the marine industry will soon introduce many more LNG-fueled vessels into service.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com


Source: Business Wire (July 25, 2016 - 12:20 PM EDT)

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