New York, NY, March 20, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Diesel Power Engine Market by Power Rating (0.5-1 MW, 1-2 MW, 2-5 MW, and Above 5 MW) and by End-User (Off-Road Diesel Engine and On-Road Diesel Engine): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global diesel power engine market was valued at approximately USD 8 billion in 2018 and is expected to generate around USD 10 billion by 2025, at a CAGR of around 3.65% between 2019 and 2025.
Diesel power engine is an internal ignition system where fuel combustion takes place when the fuel is injected into the combustion chamber. Diesel power engines function by tamping air. Diesel power engines are also known as combustion ignition engines.
Browse through 29 Tables & 16 Figures spread over 110 Pages and in-depth TOC on “Global Diesel Power Engine Market Size, Share 2018: Industry Segments, Applications, Growth, Analysis and Forecast, 2025”.
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The global diesel power engine market is likely to experience significant growth in the future, owing to the flourishing construction industry of emerging nations. Due to rapid industrialization and urbanization in emerging countries, such as India, China, and Brazil, there is an ongoing trend of constructing smart buildings and infrastructures across the cities. This is the primary factor boosting the diesel power engine market globally. The ongoing construction activities will further boost the demand for construction machinery and heavy earth moving vehicles. Furthermore, the growing demand for auxiliary power equipment in the construction sector will also drive this market’s development in the upcoming years. Additionally, the increasing power requirement in industrial and commercial sectors is likely to provide significant growth opportunities for the diesel power engine market, as diesel power engines are appropriate for the power generation requirements of these sectors. However, the steady growth of gas generators may hamper this market in the future.
Based on power rating, the diesel power engine market is segmented into 0.5-1 MW, 1-2 MW, 2-5 MW, and above 5 MW. The above 5 MW segment is expected to dominate the market in the future, as these diesel power engines are installed in heavy earth moving construction vehicles that are generally 4-stroke in nature. By end-user, the market is categorized into off-road diesel power and on-road diesel power engines. The off-road diesel power engines are expected to dominate the market, as these engines are vital equipment construction/industrial.
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By region, Asia Pacific contributed an extensive revenue share in the global diesel power engine market in 2018 and is expected to dominate globally in the upcoming years as well. This can be attributed to the ongoing rapid construction activities in the region, due to rapid industrialization and urbanization, and the rising investments in the construction industry for infrastructural development of the region.
The European diesel power engine market is projected to be the second dominant region over the forecast timeframe. This regional market growth is attributed to the increased government initiatives that focus on sustainability. Government and private sector projects are concentrating on utilizing diesel power engine in construction activities, with an aim to reduce create air pollution. The manufacturing companies across the region are investing in their R&D to upgrade their product and their attributes and functionalities, which is another major factor fostering this regional market’s growth.
Browse the full “Diesel Power Engine Market by Power Rating (0.5-1 MW, 1-2 MW, 2-5 MW, and Above 5 MW) and by End-User (Off-Road Diesel Engine and On-Road Diesel Engine): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/diesel-power-engine-market
North America is expected to provide significant opportunities in the global diesel power engine market in the years ahead, owing to the growing demand for power generation, the rising demand for heavy equipment, and the expansion of marine tourism industry.
Some key players operating in the global diesel power engine market include Caterpillar Inc., Cummins Inc., Kohler Co., Rolls-Royce Holding PLC, Wartsila OYJ ABP, Mitsubishi Heavy Industries Ltd., Hyundai Heavy Industries Co. Ltd., Man SE, Volvo Penta, and Doosan Corp., among others.
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This report segments the global diesel power engine market into:
Global Diesel Power Engine Market: Power Rating Analysis
- 0.5-1 MW
- 1-2 MW
- 2-5 MW
- Above 5 MW
Global Diesel Power Engine Market: End-User Analysis
- Off-Road Diesel Engine
- On-Road Diesel Engine
Global Diesel Power Engine Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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