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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.Â
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.Â
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 benefits of the report:
Diesel Power Engine Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Yanmar Holdings Co., Caterpillars Inc., Kubota Corporation, Volvo Penta, Rolls Royce Holdings PLC, Mitsubishi Heavy Industries Ltd., Cummins, Kohler Company, Hyundai Heavy Industries Co. Ltd, Wartsila Corporation |
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