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Global Diesel Engines Market is expected to grow at a CAGR of 4.5% during the forecast period from 2019-2025
Global Diesel Engines Market 2019, Global Diesel Engines Market Growth, Global Diesel Engines Market Trends and Analysis,
Global Diesel Engines Market by Power Rating (Organic, Conventional), Operation (Native, Modified), End-User (Food Industry, Paper Industry, Others), Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
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Leading companies in the industry includesCGO Corporation, China FAW Group, Bosch, Deere & Company, Continental AG, Delphi Automotive, Mitsubishi Heavy Industries, Ford Motoramong otherswhichare offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in February 2019, Honda Cars India would launch three new special edition models in the Indian market powered by both petrol and diesel engine.
The power rating segment is classified into up to 0.5 MW, 0.5-1 MW, 1-2 MW, 2-5 MW and above 5 MW. The 1MW-2MW segment dominated the diesel engines market with USD 2.95 Billion in 2017. Engines with a power rating of 1MW-2MW are useful in various industries and commercial infrastructure power generation. Increase in demand for continuous power generation is expected to drive the 1MW-2 MW segment of the diesel power engine market.Operation segment includes standby, prime/continuous and peak shaving. The standby segment is estimated to dominate the diesel power engine market with the share of 44.40% in 2017. Owing to the rising need for backup power at various places such as residential, hospitals, and power plants, the demand for standby operation segment is rising continuously. End-User segment is divided into segments such as industrial, commercial and residential. The industrial segment dominated the market with the highest share of 47.30% in 2017. The stringent government policies for the growth of industries in various countries has affected the growth of the market.
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Diesel engines displays high thermal efficiency, thereby, fuelling the demand. Also, high penetration in various application areas including construction, automobiles, power & gas etc. and growing need for reliable and uninterrupted power are the two factors fuelling the growth of market.Expanding demand for heavy-end equipment across several industries is also affecting the market growth.But increase in operation and maintenance burdenmay hamper the growth of market. However, high demand for construction and auxiliary power equipment provides several market growth opportunities should drive the industry growth in coming years.
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