The diesel power engine market projected to reach USD 9.13 billion by 2022, diesel power engine market at a CAGR of 3.78% from 2017 to 2022.
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The diesel power engine market is provides the opportunities for stakeholders and provide details of the competitive landscape for market leaders.
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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.
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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.
1 Ranking of Players & Market Structure
2 Competitive Scenario
3 Contracts & Agreements
4 New Product Launches
6 Partnerships, Collaborations, Alliances, & Joint Ventures
7 Mergers & Acquisitions
The increasing demands for electric power worldwide and rising investments in smart grids are driving the Diesel Power Engine and sectionalizer market across the world.
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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.
Useful Of this Key Audience follow:
- Transmission and distribution utilities
- State and national regulatory authorities
- Power generation plants
- Consulting companies and associations in the energy and power sector
- Government and research organizations
- Diesel Power Engine control manufacturers
- Investment banks
- Engineering, procurement, and construction companies in the distribution sector
The overall Diesel Power Engine market was dominated by Prominent players in the market include Caterpillar Inc. (US), Wartsila (Finland), Cummins Inc.
(US), Rolls-Royce (UK), and Mitsubishi Heavy Industries Ltd. (Japan).
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Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The breakdown of primary interview is as follows:
By Company Type: Tier 1- 45%, Tier 2- 35%, Tier 3- 20%
By Designation: C-Level- 15%, D-Level- 25%, Others- 60%
By Region: Asia Pacific- 40%,North America- 25%, Europe- 20%, Middle East & Africa- 10%, South America- 5%,
Some of the Key Point from Table of Content
By Power Rating
UP TO 0.5MW
0.5 MW–1 MW
1 MW–2 MW
2 MW–5 MW
ABOVE 5 MW
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