Diesel Power Engine Market Upcoming Trends and Growth Strategies by Forecast 2023 | Global Leading Players: Caterpillar Inc. (U.S.), Cummins, Inc. (U.S.), MAN SE (Germany), Rolls-Royce Holdings plc. (U.K.), Wärtsilä Corp (Finland), Mitsubishi Heavy Indu

Market Overview:-

The diesel engine is an internal combustion engine that uses the heat of compression for ignition of a fuel charge. Mechanical ignition components used in gasoline engines, such as spark plugs, coils, and distributor assemblies, are not required for ignition. Instead, as the piston in a diesel engine cylinder moves upward on its compression stroke, it compresses the air in the cylinder. The air temperature in the cylinder increases to ignite the diesel fuel as it is injected into the cylinder. Despite the fundamental difference in the way, ignition occurs, the major components of a diesel engine are similar to those found in a gasoline engine. Both, the engines have a cylinder block, crankshaft, valve train, camshaft, pistons, and connecting rods. They both require a lubrication system and a cooling system.

The diesel power engine market is projected to have a considerable number of developments over the forecast period owing to continuous technological advancement in energy sector coupled with growing power demand. The market is also expected to have high expansion activities by multinationals and well-established companies. Mergers and acquisition activities are expected to be seen over the forecast period with numerous contracts and agreements between top EPC and Government, across the globe.

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Top Key Players:-

The key players of global diesel power engine market are Caterpillar Inc. (U.S.), Cummins, Inc. (U.S.), MAN SE (Germany), Rolls-Royce Holdings plc. (U.K.), Wärtsilä Corp (Finland), Mitsubishi Heavy Industries, Ltd. (Japan), Volvo Penta (Sweden), Hyundai Heavy Industries Co., Ltd. (South Korea), Doosan (South Korea), Yanmar Co., Ltd. (Japan), Kubota Corporation (Japan) and Kohler Co. (U.S.).

Market Segmentation:-

Global diesel power engine market has been segmented based on operation, rated power, end-user and region. Based on the operation the market is segmented into standby, prime, and peak shaving. Among these, the standby segment is estimated to dominate the diesel power engine market in 2017. Also, it is projected to grow at the highest rate during the forecast period due to the increased requirement for backup power in various applications such as residential, hospitals, and power plants for quick power generation. Based on the rated power, the market is segmented into Up To 0.5 MW, 0.5–1 MW, 1–2 MW, 2–5 MW, and Above 5 MW. The 1 MW-2 MW segment is estimated to dominate the diesel power engine market in 2017.

Global Diesel Power Engine Market:-

The global diesel power engine market is expected to witness a stagnation in growth during the forecast period. This is due to the considerable growth in the power sector with population boom along with the rise in energy demand in various regions. The growth is primarily attributed to the need for uninterruptible power by major end-user across all the regions. The Asia Pacific region is expected to grow at the highest CAGR from 2017 to 2022, wherein China was the largest country-level market, followed by India and Japan. The market in Asia Pacific is driven by the rise in demand for reliable power supply, rising power generation capacity, and the growth of the manufacturing and processing industries.

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Major Points of Table Of Contents:-

1 Executive Summary

2 Scope Of The Report

3 Market Landscape

4 Market Dynamics

5 Global Diesel Power Engine Market, By Operation

6 Global Diesel Power Engine Market, By Rated Power

7 Global Diesel Power Engine Market, By End-User

8 Global Diesel Power Engine Market, By Region

9 Competitive Landscape

10 Company Profile

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