Report Description
A recent market intelligence report that is published by Data Insights Partner on Diesel Engine Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Diesel Engine Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Diesel Engine Market is offered.
Market Insights:
In accordance with the report, the Diesel Engine Market is projected to expand at a CAGR of X.X% over the period of forecast. The global Diesel Engine Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. Any country’s ability to generate electricity is essential to its ability to grow. The EIA’s International Energy Outlook 2019 predicts that until 2040, the world’s electricity demand would grow by 2.11% year. A significant portion of the expansion is anticipated to take place in non-OECD nations like China and India. However, COVID-19 and the ensuing economic downturn are predicted to cause the short-term electricity consumption in 2020 to decrease by 5%. The demand is anticipated to decrease by 2% in the event of a quicker recovery. The capacity of the world’s electricity production increased more quickly between 2010 and 2018, while the T&D network’s expansion lagged behind, leading to reliability problems including power surges and outages. Many wealthy nations have access to alternative energy sources for power generation and storage, including fuel cells, batteries, renewables, solar PVs, and SOFC cells. In the US, for instance, the need for effective power generation has been steadily increasing as many businesses look for ways to lower their electricity and heating costs. In contrast to rival technologies like reciprocating engines, which have an efficiency of less than 35%, solid oxide fuel cells have an energy efficiency of above 60%. The cost of energy production per unit has decreased as a result of the expansion of renewable energy sources like solar and wind. Diesel-based power generation is 2-3 times more expensive than renewable energy-based electricity generation. Over 550 million people live without power in Sub-Saharan Africa, which has a 35% electrification rate overall and a rural electrification rate of only 19%, according to the World Energy Outlook. Due to a lack of grid networks, 600 million people in developing Asia-Pacific nations are without electricity. It will be expensive to build additional grid networks in these locations to guarantee 100% electricity. However, hybrid power systems made up of diesel engine generators are anticipated to suffice for the power requirements of such isolated areas. But during the anticipated term, the high cost of diesel engines is anticipated to restrain the market’s expansion. Due to the harmful pollutants that diesel engines produce and the strict regulations imposed by various governments around the world, the diesel engine market faces significant obstacles that are predicted to restrain market expansion over the projected period. Hybrid power generation can provide the necessary power for off-grid or remote places, including telecom towers, isolated industrial units, tiny settlements, islands, and more. Off-grid sites are more prevalent in poorer nations like Africa and the Asia-Pacific, where electrification is not universal. According to the World Energy Outlook, only 19% of rural areas in Sub-Saharan Africa are electrified, and 550 million people are without power overall. Around 600 million people in developing Asia-Pacific nations do not have access to electricity due to a lack of grid networks. In this report, the Asia Pacific market is segmented into five regions, namely, Asia Pacific, Europe, North America, Middle East & Africa, and South America. Asia Pacific is expected to be the largest market share during the forecast period. Growing population, Urbanization and increased standard of living coupled with industrialization, contribute to growing electricity demand. Diesel power engine market is expected to grow in this region to meet the need for reliable backup and prime power supply for industries, commercial facilities and residential end users.
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Research Methodology:
To compile the detailed study of the global Diesel Engine Market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Diesel Engine Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Diesel Engine Market.
COVID-19 Scenario Analysis:
The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Diesel Engine Market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segment Covered:
Diesel Engine Market report has been segmented By Container Size, By Product Type, By End-Use also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
Key Segments:
Diesel Engine Market research report includes an in-depth coverage of the industry with estimates & forecast from 2022 to 2031, for the following segments:
Diesel Engine Market, By Components, 2022-2031 (USD Million)
Cylinder Block & Heads Assembly
Piston and Connecting Rod
Piston Rings
Camshafts
Trimming Chain Assembly
Fly Wheel
Fuel System Assembly
Others (Valve sets, Rubber Seals, Bearing, Rings, Powder Metal Parts etc.)
Diesel Engine Market, By Type, 2022-2031 (USD Million)
Two-stroke
Four-stroke
Diesel Engine Market, By Group, 2022-2031 (USD Million)
Small Size (less than 188 kilowatts/252 HP)
Medium Size (188 to 750 kilowatts /252-1,006 HP)
Large Size( More than 750 kilowatts /1,006 HP)
Diesel Engine Market, By End use Industry, 2022-2031 (USD Million)
Automotive
o On-Road
Light Vehicles
Medium/Heavy Trucks
Light Trucks
o Off-Road
Industrial/Construction Equipment
Agriculture Equipment
Marine Applications
Non-Automotive
Report Highlights:
The prime objective of the Diesel Engine Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report’s production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.
Diesel Engine Market, By Region, 2022-2031 (USD Million)
North America ( United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
South Asia ( India, Pakistan and Bangladesh)
East Asia (China, Japan and South Korea)
South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)
Oceania (Australia and New Zealand)
Companies Profiled:
To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Diesel Engine Market:
AGCO Corporation
American Honda Motor Co., Inc.
Blue Bird Corporation
Briggs & Stratton Corporation
Caterpillar Inc.
Cummins Inc.
DAF
Daimler Truck North America LLC
Deere & Company
Detroit
DEUTZ Corporation
Dongfeng
Faw Jeifang
Ford Motor Company
FOTON
General Motors Company
Hino Motors Manufacturing USA, Inc.
INNIO
Isuzu Technical Center of America, Inc.
JCB
JMC
Kawasaki Motors Corp., USA
Kirloskar
Komatsu Ltd.
Liebherr Machines Bulle SA
MAN Truck & Bus SE
Mitsubishi Fuso Truck and Bus Corporation
Paccar
Quanchai
Rolls-Royce
SANY
Scania CV AB
Sinotruck
Stellantis N.V.
Tata Motors
Volkswagen of America, Inc.
Volvo Group North America
Wärtsilä North America, Inc.
Yuchai
Diesel Engine Market Report Highlights:
Detailed analysis of the parent market
Key players’ strategies and products supplied in the competitive landscape
Market segmentation in depth analysis
Market size in terms of volume and value, past, present, and future scenario
Potential and specialty areas, as well as geographical regions with promising growth prospects
Market players use this information to maintain and expand their market presence, thus it’s important to have an unbiased perspective on market performance.
Recent advancements and technological trends in the industry
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