The diesel Power Engine Market to grow by USD 36.09 billion from 2022 to 2027, Rising demand for reliable and uninterrupted power drives the growth- Technavio

NEW YORK, Jan. 5, 2024 /PRNewswire/ -- The diesel power engine market is expected to grow by USD 36.09 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 3.05% during the forecast period. The market is segmented by application (automotive and non-automotive), end-user (industrial, commercial, and residential), and geography  (APAC, North America, Europe, Middle East and Africa, and South America).

The rising demand for reliable and uninterrupted power is the key factor driving market growth. The non-OECD countries, for example, China and India, are some of the key players that will make a significant contribution to the world diesel power engine market. In addition, as compared to the development of T and D networks worldwide energy production capacity grew at a more rapid rate. 

The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample Report

Key Highlights:

• The report recognizes the following as some of the key players in the diesel power engine market: AB Volvo, AGCO Corp., Anglo Belgian Corp., Aviation Industry Corp. of China Ltd., Caterpillar Inc., China FAW Group Co. Ltd., Cooper Corp. Pvt. Ltd., Cummins Inc., Deere and Co., Ford Motor Co., Hyundai Motor Co., IHI Corp., Kohler Co., Kubota Corp., Mahindra and Mahindra Ltd., Mitsubishi Heavy Industries Ltd., Rolls Royce Holdings Plc, Volkswagen AG, Wartsila Corp., and Yanmar Holdings Co. Ltd.
• Diesel Power Engine Market is fragmented in nature.
• Market to observe 2.69% YOY growth in 2023.

Market Dynamics:

Major Trend 

• The emergence of new diesel exhaust systems is a major trend in the market.
• Manufacturers are required to produce environmentally friendly diesel power engines because of factors like growing concern about the environment by end users. 
• For instance, Bosch designed a new diesel-exhaust system that helps cut emissions far below legal limits.

Significant Challenge

• Stringent emission regulations on diesel power engines are the significant challenges restricting market growth.
• Refinery of diesel fuel from crude oil, which has an environmental impact, is responsible for several harmful emissions such as nitrogen oxides, carbon monoxide, and hydrocarbons.
• A set of standards on the sulfur content permitted in diesel fuel and emissions from diesel power engines has been laid down by the United States Environmental Protection Agency.

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

Keg Segments:

• The automotive segment is estimated to witness significant growth during the forecast period. Factors such as diesel fuel being less expensive than petrol and having superior fuel efficiency, as well as operational advantages, are considerably fueling the increasing adoption of diesel engine cars. Furthermore, the rise in industrialization and urbanization contributes significantly to the need for heavy-duty and medium-duty trucks.

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Related Reports:

The automotive camless engine market size is estimated to grow at a CAGR of 70.09% between 2023 and 2028. The market size is forecast to increase by USD 40,885.26 million.

The marine engine monitoring system market size is estimated to grow at a CAGR of 4.09% between 2022 and 2027 and the size of the market is forecast to increase by USD 132.58 million.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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