Diesel power engine market Research Report- Forecast to 2023
Diesel power engine Market Size, Share, Facts & Figures |
Industry Growth Report Forecast To 2023
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Copyright Š 2018 Market Research Future.
Diesel power engine market Research Report- Forecast to 2023
1 Summary The diesel power engine market is projected to have a considerable number of developments over the forecast period owing to continuous technological advancement in energy sector coupled with growing power demand. The market is also expected to have high expansion activities by multinationals and wellestablished companies. Mergers and acquisition activities are expected to be seen over the forecast period with numerous contracts and agreements between top EPC and Government, across the globe.
The global diesel power engine market is expected to grow at ~ 5.5% CAGR during the forecast period.
Key Players: The key players of global diesel power engine market are 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.).
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Copyright © 2018 Market Research Future.
Diesel power engine market Research Report- Forecast to 2023
2 Market Overview The market for diesel power engine is expected to have many expansions over the forecast period due to continuous technological advancement in energy sector coupled with increased power demand. The diesel power engine market is also expected to have high development activities by conglomerates and wellestablished companies.
Diesel is an internal combustion engine, wherein air is compressed to an adequately high temperature to burn diesel fuel introduced into the cylinder, and combustion and expansion trigger a piston. Diesel engine converts the chemical energy stored in the fuel into mechanical energy, which can be used to power various equipment at every end-user level.
Diesel power engines have a wide application in various sectors such as industrial, commercial, and residential for standby, prime, continuous, and peak shaving. The growth in the number of data centres and IT facilities, indicating urbanization in developing countries, is expected to boost the diesel engine market. However, the rise of alternate sources of power generation such as renewable energy, may hinder the growth of diesel power engine market.
Market Segmentation
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Copyright Š 2018 Market Research Future.
Diesel power engine market Research Report- Forecast to 2023
3 Market Research Analysis Diesel engines of this power rating are used in large residential areas, commercial buildings, universities, and industrial applications for standby and prime applications. Moreover, the growing urbanization and industrialization in regions such as Asia Pacific and the Middle East are expected to drive the growth of this market in the coming years. Based on the end-user, the market is segmented into industrial, commercial, residential. The industrial segment is estimated to be the fastest-growing diesel power engine market, by end-user, from 2018 to 2023. The segment includes power station, oil & gas, and others such as mining, chemical, and manufacturing. The growth of the industrial sector in Asia Pacific, South America, and the Middle East & Africa is expected to drive the diesel power engine market. The increased requirement of power generation in these regions is expected to drive the demand for diesel power engines.
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Copyright Š 2018 Market Research Future.
Diesel power engine market Research Report- Forecast to 2023
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Copyright Š 2018 Market Research Future.