NEW YORK, Jan. 5, 2024 /PRNewswire/ — The diesel power engine market is expected to grow by USD 36.09 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 3.05% during the forecast period. The market is segmented by application (automotive and non-automotive), end-user (industrial, commercial, and residential), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
Technavio has announced its latest market research report titled Global Diesel Power Engine Market 2023-2027
The rising demand for reliable and uninterrupted power is the key factor driving market growth. The non-OECD countries, for example, China and India, are some of the key players that will make a significant contribution to the world diesel power engine market. In addition, as compared to the development of T and D networks worldwide energy production capacity grew at a more rapid rate.
The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample Report
Key Highlights:
The report recognizes the following as some of the key players in the diesel power engine market: AB Volvo, AGCO Corp., Anglo Belgian Corp., Aviation Industry Corp. of China Ltd., Caterpillar Inc., China FAW Group Co. Ltd., Cooper Corp. Pvt. Ltd., Cummins Inc., Deere and Co., Ford Motor Co., Hyundai Motor Co., IHI Corp., Kohler Co., Kubota Corp., Mahindra and Mahindra Ltd., Mitsubishi Heavy Industries Ltd., Rolls Royce Holdings Plc, Volkswagen AG, Wartsila Corp., and Yanmar Holdings Co. Ltd.
Diesel Power Engine Market is fragmented in nature.
Market to observe 2.69% YOY growth in 2023.
Market Dynamics:
Major Trend
The emergence of new diesel exhaust systems is a major trend in the market.
Manufacturers are required to produce environmentally friendly diesel power engines because of factors like growing concern about the environment by end users.
For instance, Bosch designed a new diesel-exhaust system that helps cut emissions far below legal limits.
Significant Challenge
Stringent emission regulations on diesel power engines are the significant challenges restricting market growth.
Refinery of diesel fuel from crude oil, which has an environmental impact, is responsible for several harmful emissions such as nitrogen oxides, carbon monoxide, and hydrocarbons.
A set of standards on the sulfur content permitted in diesel fuel and emissions from diesel power engines has been laid down by the United States Environmental Protection Agency.
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report
Keg Segments:
The automotive segment is estimated to witness significant growth during the forecast period. Factors such as diesel fuel being less expensive than petrol and having superior fuel efficiency, as well as operational advantages, are considerably fueling the increasing adoption of diesel engine cars. Furthermore, the rise in industrialization and urbanization contributes significantly to the need for heavy-duty and medium-duty trucks.
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Related Reports:
The automotive camless engine market size is estimated to grow at a CAGR of 70.09% between 2023 and 2028. The market size is forecast to increase by USD 40,885.26 million.
The marine engine monitoring system market size is estimated to grow at a CAGR of 4.09% between 2022 and 2027 and the size of the market is forecast to increase by USD 132.58 million.
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Diesel Power Engine Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.05% |
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Market growth 2023-2027 |
USD 36.09 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
2.69 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 41% |
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Key countries |
US, China, South Korea, Japan, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AB Volvo, AGCO Corp., Anglo Belgian Corp., Aviation Industry Corp. of China Ltd., Caterpillar Inc., China FAW Group Co. Ltd., Cooper Corp. Pvt. Ltd., Cummins Inc., Deere and Co., Ford Motor Co., Hyundai Motor Co., IHI Corp., Kohler Co., Kubota Corp., Mahindra and Mahindra Ltd., Mitsubishi Heavy Industries Ltd., Rolls Royce Holdings Plc, Volkswagen AG, Wartsila Corp., and Yanmar Holdings Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by End-user
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
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With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
