Market Research Report
Diesel Power Engine - Global Market Outlook (2019 -2027)
|Diesel Power Engine - Global Market Outlook (2019 -2027)|
Published: November 1, 2020
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
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.
What our report offers:
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options: