Study papers on Diesel Power Engine market and regional forecast. Diesel Power Engine market players are Caterpillar (US), Cummins (US), MAN SE (Germany), Rolls-Royce (UK), and Wärtsilä (Finland).
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Diesel power engine market is projected to reach USD 9.13 billion by 2022, at a CAGR of 3.78% from 2017 to 2022. Diesel power engines are used in various sectors such as industrial, commercial, and residential for standby, prime, continuous, and peak shaving.
Increasing demand for uninterrupted and reliable power supply, the growth of commercial infrastructure, rising demand for data centers and IT facilities, and rapid urbanization in developing countries are expected to drive the diesel power engine market. However, the growth of alternate sources of power generation may restrain the growth of the diesel power engine market.
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- Diesel power engines manufacturers and suppliers
- Raw material and component suppliers
- Consulting companies in the power sector
- Manufacturing and process industries
- Electric utilities
- Government and power research organizations
Asia Pacific is estimated to be the largest market for diesel power engine in 2017, followed by North America and Europe. The market in Asia Pacific is driven by the increasing demand for reliable power supply, rising power generation capacity, and growth of the manufacturing and process industries in the region.
The Asia Pacific market is projected to grow at the highest rate during the forecast period. China and India are estimated to be the largest markets for diesel power engine in the region.
In addition, the diesel power engine market is expected to grow at a steady pace in Australia and South-East Asia. These factors are expected to boost the growth of the diesel power engine market in Asia Pacific.
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The industrial segment is estimated to be the fastest-growing diesel power engine market, by end-user, from 2017 to 2022. The industrial 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 engine.
The 1 MW–2 MW segment is estimated to dominate the diesel power engine market in 2017. 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.
2 Ranking of Players & Market Structure
3 Competitive Scenario
3.1 Contracts & Agreements
3.2 New Product Launches
3.4 Partnerships, Collaborations, Alliances, & Joint Ventures
3.5 Mergers & Acquisitions
Get “Diesel Power Engine Market” Report is now available at www.rnrmarketresearch.com/contacts…unt?rname=1320933
The report defines, describes, and forecasts the global diesel power engine market by operation, power rating, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market.
The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.
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