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Allied Market Research

Diesel Power Engine Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aug 2021 | 221 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Diesel engine, an internal combustion engine, in which ignition of fuel is caused by high temperature of the air in the cylinder due to compression. These engines work only by compressing the air inside the cylinder by injecting fuel into combustion chamber. These engines work by altering the amount of fuel that is been injected. Cetane number decides the combustion speed of diesel fuel and compression needed for ignition, which is generally between 48 and 50. Additionally, diesel engines exhibit high thermal efficiency due to high expansion ratio making these widely applicable in different sectors, such as industrial, power plants, commercial, and residential areas, for standby. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type, Rating, Application, Industry Vertical, Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Wartsila Corporation, Volvo Penta, Mitsubishi Heavy Industries Ltd., Rolls Royce Holdings PLC, Yanmar Holdings Co., Kohler Company, Hyundai Heavy Industries Co. Ltd, Cummins, Caterpillars Inc., Kubota Corporation

 

COVID-19 scenario analysis:

  • The automotive industry is the most affected area, during the pandemic.
  • Supply chain disruption is the major limitation. Additionally, China is not able to supply automotive products.
  • Demand for commercial vehicle is expected to decline in the coming few months or a year, resulting in decline in demand for diesel power engines. 
  • Attributed to less liquidity and cash, consumer buying behavior is expected to change. 

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

The growth of these industries is accompanied by continuous and reliable energy supply as the loss of energy is unchanged and resulted in significant losses of these sectors. The industrial sector accounts for a large portion of the diesel power market. The high demand for construction and auxiliary capabilities provide several opportunities for market growth. The growth of the diesel market is projected to grow due to technological advancements and rising fuel prices. High investment in the mining and construction industry is also expected to require a market for electricity in the next few years. 

Reducing the grid network in these areas to get 100% electricity requires a huge investment. The energy demand for such remote sites meets petroleum resources. Availability of energy sources, such as fuel cells, batteries, recycling, PVs, and SOFC cells, is expected to serve as alternative sources of energy production and storage in many developed countries

North America (the U.S. and Canada), Europe (Germany, the UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa are the regions considered while analysis. Urban growth and industrial growth in regions such as Asia-Pacific and the Middle East are expected to have the potential to stimulate the future market growth. Based on end-user, the market is divided into industrial, commercial, and residential. The industrial segment is estimated to be the fastest-growing segment in the diesel power engine market during the forecast period. Asia-Pacific is driven by an increase in demand for reliable energy supplies, rising power generation capacity, and growing manufacturing & operating industries.

Key segments covered:

Segments

Sub-segments

  Type

  • On-road Diesel Engine
  • Off-road Diesel Engine
  • Others

  Rating

  • Up to 0.5 MW
  • 0.5–1 MW
  • 1–2 MW
  • 2–5 Mw
  • Above 5 MW

  Application

  • Standby
  • Peak Shaving
  • Prime/Continuous Power
  • Others

  Industry Vertical

  • Chemical & Petrochemical
  • Oil & Gas
  • Energy & Power
  • Automotive
  • Food & Beverages
  • Healthcare
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the diesel power engine market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global diesel power engine market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global diesel power engine market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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