Diesel Power Engine Market - Global Industry Analysis

Diesel Power Engine Market

Diesel Power Engine Market Size, Share, Growth, Analysis and Forecast

Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-3110 Published Date: Mar-2019 Status : Published

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Methodology

Free Analysis

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, which are named after Rudolf Diesel. Diesel power engines have high thermal and engine efficiency as compared to any other combustion engines, as these engines have a high expansion ratio along with an inherent lean burn that allows heat loss or dissipation. These engines are generally of two types—2-stroke and 4-stroke. The 2-stroke engines are basically used in chainsaws and motorcycles, among other portable equipment. The 4-stroke engines are utilized in heavy and light commercial vehicles.

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.

Global Diesel Power Engine Market

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. By end-user, the market is categorized into off-road diesel power and on-road diesel power engines.

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. 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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