Global Diesel Power Engine Market is projected to be valued $10 Billion by 2024; with a CAGR of 3.7% from 2017 to 2024. A diesel engine is a type of internal combustion engine i.e., one where the fuel is burned inside the main part of the engine where power is produced. The combustion process in a diesel engine is heterogeneous so that the fuel and air are not premixed prior to initiation of combustion. Diesel engines have been installed and used in various places such as hospitals, telephone exchanges, airports, and many more to provide emergency power during electrical power outages as diesels provide better fuel economy than others.
Rising growth in infrastrhe major drivers of the global diesel power engine market. However, high maintenance and operation cost of the diesel power engines may hamper the market growth. Moreover, rising demand of hybrid power generation in developing areas is expected to generate numerous growth opportunities for the market in the coming future.
Power rating, end-user and geography are the classification of the global diesel power engine market. The power rating segment is sub-segmented into upto 0.5 MW, 0.5 MW–1 MW, 1 MW–2 MW, 2 MW–5 MW and above 5 MW. Furthermore, industrial, commercial and residential are the segregation of the end-user segment.
On the basis of geographical analysis, the global diesel power engine market is segmented in North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico, whereas Europe segment consists of UK, Germany, France, Russia, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Major companies operating in the global diesel power engine market are Yanmar Co. Ltd, Mitsubishi Heavy Industries, Caterpillar, Inc., Man Diesel & Turbo SE, Ltd., Rolls-Royce Power Systems AG, Tohatsu Corporation, Wartsila, John Deere & Company, Brunswick Corporation, andCummins, Inc. among others.
The key takeaways from the report
Scope of the Global Diesel Power Engine Market
Power Rating Segments