North America Engines Market worth 3.7 Billion USD till 2023 | Global Key Players- Cummins, Caterpillar, Wartsila, Rolls-Royce, Yanmar, Mitsubishi Heavy Industries and Others.

The Global North America Engines Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team. North America Engines Market report spread across 102 Pages, profiling 12 companies and supported with tables and figures.

The North America Engines Market is projected to reach US$ 3.7 Billion by 2023, at a CAGR of 4.52% from an estimated US$ 2.9 Billion in 2018. Download Here Free Sample Research Report of North America Engines Market at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1969182 .

Most Popular Companies in the North America Engines Market include are Cummins (US), Caterpillar (US), Wärtsilä (Finland), Rolls-Royce (UK), Yanmar (Japan), and Mitsubishi Heavy Industries (Japan).

“301–500 HP segment, by power rating, is expected to be the fastest growing North America engines market during the forecast period.”
The 301–500 HP segment is estimated to be the fastest growing segment during the forecast period. The 301–500 HP engines are mainly used by end-users such as data centers, hospitals, commercial complexes, and residential buildings. These end-users deploy diesel power engines for standby and prime power generation. These engines can act as standby operation for minor overhauls and interruption of power in plants, thereby reducing the plant downtime and cost.

The Main Production Growth is projected to come from natural gas units due to increase in shale gas production in the US and gas from oil sands in Canada. Emergency generators are the most attractive application owing to numerous events hosted by the nation as well as due to grid maintenance activities.

“Power generation segment, by type, is expected to be the fastest growing North America engines market during the forecast period.”
The Power Generation segment is expected to grow at the fastest rate between 2018 and 2023. Increasing gas-based generation, distributed power generation, increasing number of power outages, and need for reliable power are some of the major factors driving the growth of the power generation segment. For example, in the US, the power outages increased by 9% in 2016 as compared to 2015 and in Canada, the increase was about 23% in 2016 as compared to 2015. Notable ones are Central California Blackout of 2013, Southwest Blackout of 2011, and Northeast Blackout of 2003.

“US: The fastest growing North America engines market.”
The US is expected to be the largest and fastest North America engines market by 2023 and is projected to grow at the highest CAGR. The main production growth is projected to come from natural gas units due to increase in shale gas production in the US and gas from oil sands in Canada. Emergency generators are the most attractive application owing to numerous events hosted by the nation as well as due to grid maintenance activities.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1–60%, Tier 2–25%, and Tier 3–15%
• By Designation: C-Level–40%, Director Level–35%, and Others–25%
• By Region: US–60% and Canada–40%

Report Highlights:
• To strategically profile key players and comprehensively analyze their market rankings and core competencies

• To forecast the growth of the engines market with respect to North America

• To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

• To strategically analyze the North America engines market with respect to individual growth trends, future expansions, and contributions to the market

• To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders

• To analyze competitive developments such as new product developments, mergers & acquisitions, expansions & investments, partnership & collaboration, and contracts & agreements in the North America engines market

Reason to buy this report:
The report will provide information on the closest approximations of the revenue numbers for the overall North America engines market and the sub segments to leaders/new entrants in this market. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

Competitive Landscape of North America Engines Market:
1 Overview
2 Ranking of Players and Industry Concentration, 2017
3 Vendor Dive, 2017
4 Competitive Scenario
4.1 New Product Launches
4.2 Contracts & Agreements
4.3 Investments and Expansions
4.4 Mergers & Acquisitions
4.5 Others

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