Diesel Power Engine - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Diesel Power Engine Market is accounted for $6.14 billion in 2019 and is expected to reach $10.24 billion by 2027 growing at a CAGR of 6.6% during the forecast period. While the factors like growing commercial sector investments and rising demand for reliable and uninterrupted power are propelling the market growth. However, high fuel and operation & maintenance costs are hampering the market growth.
A diesel power engine is a kind of internal combustion engine. It uses the high gas temperatures generated by compression as the ignition source. They find its widespread use in locomotives, construction equipment, automobiles, and number industrial applications. There are three types of diesel engines based on the size that is small, medium, and large.
Based on the operation, the standby segment is likely to have a huge demand due to the low down initial cost of diesel engine powered generators, rapid commence capability, and be short of large scale commercially workable alternatives for backup power solutions. Standby diesel engines are used by end-users for urgent situation power supply. In the event of loss of power supply from the grid, the customer can rely on the diesel engine-powered gensets to meet the command temporarily.
By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to factors such as rising population, urbanization, and improved standard of living together with industrialization, supply to increasing electricity demand. This market is likely to rise in this region to congregate the need for reliable backup and prime power supply for industries, commercial facilities, and residential end-users.
Some of the key players profiled in the Diesel Power Engine Market include Yanmar Holdings, Kubato, Kohler, Mahindra Powertrain, Anglo Belgian Corporation, IHI Power Systems, Cummins, Wartsila, Rolls-Royce Holdings, Man SE, Volvo Penta, Mitsubishi Heavy Industries Engine & Turbochargers, Hyundai Heavy Industries, Doosan Infracore, and Caterpillar.
• Peak Shaving
• Prime /Continuous
Power Ratings Covered:
• Below 0.5 MW
• 0.5–1 MW
• 1.0–2 MW
• 2.0–5 MW
• Above 5 MW
Sales Channels Covered:
• Manufacturer/Distributor/Service Provider
• Below 720 Rpm
• 720–1000 Rpm
• Above 1000 Rpm
End Users Covered:
• Off-Road Diesel Engine
• On-Road Diesel Engine
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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