Press release
Diesel Power Engine Market Revenue Growth, Opportunities, Competitive Analysis Report, Forecast By 2030
Diesel Power Engine Market
According to MRFR analysis, the Diesel Power Engine Market is expected to register a CAGR of 6.91% from 2022 to 2030 and hold a value of over USD 13.12 billion by 2030.
The diesel power engine market refers to the global industry of manufacturing, distributing, and selling engines that are powered by diesel fuel. Diesel engines are commonly used in various types of machinery and vehicles, including automobiles, trucks, buses, generators, and construction equipment. The market is influenced by various factors, including economic conditions, government regulations, technological advancements, and consumer preferences.
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The COVID-19 pandemic had a significant impact on the diesel power engine market. During the pandemic, many countries implemented lockdowns and restrictions on transportation, resulting in decreased demand for diesel-powered vehicles.
On the other hand, the pandemic also highlighted the importance of reliable power generation, as many hospitals and critical infrastructure facilities relied heavily on diesel-powered generators to maintain uninterrupted power supply during the pandemic. This demand for emergency power generation helped to offset some of the losses experienced in other industries.
Key Players:
Caterpillar Inc.
Cummins, Inc.
MAN SE
Rolls-Royce Holdings plc.
Wärtsilä Corp
Mitsubishi Heavy Industries, Ltd.
Volvo Penta
Hyundai Heavy Industries Co., Ltd.
Doosan
Yanmar Co., Ltd.
Kubota Corporation
Kohler Co among others
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Market Segmentation
The Diesel Power Engine Market has been segmented into operation and end-user.
Based on the operation, the market has been segmented into Standby, Prime and Peak Shaving.
Based on the end-user, the market has been segmented into industrial, commercial and residential.
Regional Analysis
The largest region in the diesel power engine market is Asia-Pacific. The Asia-Pacific region includes countries such as China, India, Japan, South Korea, and Australia.
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This region has a large population, and many countries in this region are experiencing rapid industrialization and urbanization, which has resulted in increased demand for diesel-powered vehicles, machinery, and power generation.
Overall, the Asia-Pacific region is expected to continue to drive the growth of the diesel power engine market, with increasing demand from various industries, such as automotive, construction, and power generation, as well as government initiatives to promote the use of diesel engines in various applications.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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