Global Diesel Power Engine Market Overview The diesel engine refers to an internal combustion engine which uses the heat of compression for ignition of a fuel charge. Mechanical ignition components used in gasoline engines like coils, spark plugs, and distributor assemblies are not required for ignition in a diesel engine. Instead of that, as the piston in a diesel engine cylinder moves upwards on its compression stroke, the engine compresses the air in the cylinder. This leads to a rise in the temperature of the air in the cylinder for the ignition of the fuel as it is injected into the cylinder. Even though the fundamental principles of ignition are different, it occurs, causing the major components of a diesel engine to be similar to those of a gasoline engine. Both these engines have a cylinder block, crankshaft, a valve train, camshaft, pistons, and connecting rods. Also, they both require a lubrication system and a cooling system. Diesel power engines are used in different sectors like industrial, commercial, and residential for prime, standby, continuous, and peak shaving. A rise in the demand for data centers and IT facilities and a rapid emergence of urbanization in various emerging countries are expected to drive the global diesel power engine market. However, emergence of many alternative sources of power generation is expected to restrain the diesel power generation market from growing exponentially. During the forecast period, the global Diesel Power Engine Market Size is expected to witness a 5.5% CAGR. Diesel Power Engine Industry Segmentation The global diesel power engine market is segmented by operation, rated power, end-user, and region. Based on operations, the global diesel power engine market is segmented into prime, peak shaving, and standby. Among these segments, the standby segment was noted to boast a dominant stance in the global diesel power engine market at the beginning of the forecast period. Also, this segment is estimated to snowball at the fastest rate over the forecast period owing to the increased requirements for backup power in different applications including residential, hospitals, and power plants for faster power generation. Based on rated power, the global diesel power engine market is segmented into Up To 0.5 MW, 0.5–1 MW, 1–2 MW, 2–5 MW, and Above 5 MW. The 1-2 MW segment is noted to dominate the global market in the base year. These diesel engines are used in large residential areas, commercial buildings, universities, and other industrial applications for standby and prime applications. Furthermore, upscaling urbanization and penetration of industrialization in various developing regions are expected to provide growth impetus to market. Based on end-users, the global diesel power engine market is segmented into residential, commercial, and industrial. The industrial segment is further segmented into power station, oil & gas, mining, manufacturing, and chemical. The growth of this segment is expected to drive the diesel power engine market in regions like Asia Pacific and the Middle East & Africa. A higher requirement for power generation in these regions are expected to drive the ascending demand for diesel power engines.
Regional Segmentation The global diesel power engine market is analyzed for North America, South America, Europe, and the Rest of the World. Asia Pacific is expected to exhibit fast growth owing to the rapid developments in the industrial and commercial sectors of the region. Further, the presence of various developing nations in the region is predicted to boost the demand for power and energy in the foreseeable future. Key Players Some notable players, as profiled in the analysis, include Caterpillar Inc. (U.S.), Cummins, Inc. (U.S.), MAN SE (Germany), Rolls-Royce Holdings plc. (U.K.), Wärtsilä Corp (Finland), Mitsubishi Heavy Industries, Ltd. (Japan), Volvo Penta (Sweden), Hyundai Heavy Industries Co., Ltd. (South Korea), Doosan (South Korea), Yanmar Co., Ltd. (Japan), Kubota Corporation (Japan) and Kohler Co. (U.S.) About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact: Market Research Future +1 646 845 9312 Email: sales@marketresearchfuture.com