Diesel Engines Market for Non-Automotive Applications to grow by USD 13.87 billion from 2022 to 2027, Diesel to remain the leading fuel type in generators to boost market growth- Technavio

NEW YORK, Sept. 13, 2023 /PRNewswire/ -- The diesel engines market for non-automotive applications is expected to grow by USD 13.87 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 3.55% during the forecast period. The market is segmented by type (multi-cylinder and single-cylinder), end-user (marine, construction, agriculture, and generators), and geography (APAC, North America, Europe, Middle East and Africa, and South America). Diesel to remain the leading fuel type in generators is a key factor driving market growth. Diesel has dominated the choice of generator fuel for many years due to its affordable price and user-friendly nature, especially in industrial environments. However, there is a shift towards greener options such as natural gas and other non-diesel alternatives. However, the superiority of diesel engines in choosing fuel for generators will continue to exist in the near future. Hence, these factors are expected to drive market growth during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View PDF Sample 

Key Highlights:

• The report recognizes the following as some of the key players in the diesel engines market for non-automotive applications market: AB Volvo, Anglo Belgian Corp., Caterpillar Inc., Cummins Inc., DEUTZ AG, Daihatsu Diesel Mfg. Co. Ltd., Fairbanks Morse LLC, IHI Corp., Isuzu Motors Ltd., Iveco Group N.V, J C Bamford Excavators Ltd., CNPC Jichai Power Co. Ltd., Kirloskar Oil Engines Ltd., Kohler Co., Kubota Corp., Liebherr International Deutschland GmbH, MAN Truck and Bus SE, Mitsubishi Heavy Industries Ltd., Wartsila Corp., and Yanmar Holdings Co. Ltd.
• Diesel Engines Market for Non-Automotive Applications Market is fragmented in nature.
• Market to observe 3.2% YOY growth in 2023.

Market Dynamics:

Major Trend

• Gradual conversion of conventional engines to dual fuel is a major trend in the market.

Significant Challenge

• The abundant natural gas supply led to the growing popularity of gas engines is a significant challenge restricting market growth.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Key Segments:

The market is segmented by type (multi-cylinder and single-cylinder), end-user (marine, construction, agriculture, and generators), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

• The multi-cylinder segment will account for a major market growth share during the forecast period. A multi-cylinder diesel engine comprises multiple cylinders, each undergoing four cycles: intake, compression, work, and exhaust. These engines find extensive use in non-automotive applications due to their robustness, fuel efficiency, and high torque output. Their reliability, fuel efficiency, and durability make them suitable for powering various machinery and equipment across diverse sectors. Hence, these factors are expected to drive segment growth during the forecast period.

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Related Reports:

The portable generator market size is estimated to grow at a CAGR of 6.14% between 2022 and 2027 and the size of the market is forecast to increase by USD 2,208.57 million. This report extensively covers market segmentation by type (diesel and gas), end-user (residential, commercial, industrial, and infrastructure), and geography (APAC, Europe, North America, South America, and Middle East and Africa). the inability of power infrastructure to keep pace with rapid urbanization and industrialization is the key driver for the growth of the global portable generator market.

The mobile power generation equipment rentals market size is estimated to grow at a CAGR of 6% between 2022 and 2027. The market size is forecast to increase by USD 629.21 million. This report extensively covers market segmentation by application (enterprise and personal), product (generator and turbine), and geography (North America, APAC, Middle East and Africa, Europe, and South America). increasing infrastructural activities is the key driver for the growth of mobile power generation equipment rentals.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by End-User

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio