Sarasota, FL -- (SBWIRE) -- 07/31/2018 -- Global Diesel Power Engine Market: Overview
Diesel power engine is an inner ignition engine, where the chemical power is stored and the fuel is transformed into mechanical energy. These engines can be utilized in 2 strokes & 4 stroke engines as well. The 2 stroke diesel engines are mainly utilized in portable equipment, for instance, chainsaws, and motorcycles; while 4 stroke diesel engines are utilized in heavy-end equipment.
Global Diesel Power Engine Market: Growth Factors
Increasing demand for heavy-end equipment in several sectors is projected to be the most important aspect fuelling the global diesel power engine market. Diesel power engines are likely to exhibit high thermal competence, which is also projected to propel market demand and popularity. Growing penetration across numerous application areas which comprises automobiles, construction, power & gas, etc. is anticipated to further fuel the global diesel power engine market development in the coming years.
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Growing demand and requirement for auxiliary power equipment and construction provides numerous market development opportunities. The diesel engine market development is poised for development due to rise in gasoline prices and technological proliferation. High investments in construction and mining sector are also anticipated to propel market demand and requirement in the coming years. On the other hand, few issues such as high-cost diesel power engine may restrain the market development in the coming years. The requirement to manufacture engines that support to limit injurious emissions devoid of degrading its function may act as a major challenge to the global diesel power engine market development.
Global Diesel Power Engine Market: Segmentation
The global diesel power engine market is classified in terms of end-user, power rating, and region. In terms of power rating, the market is categorized as 0.5 MW–1 MW, up to 0.5 MW, 2 MW–5 MW, 1 MW–2 MW, and above 5 MW. In terms of end-user, the market is bifurcated as an off-road diesel engine and on-road diesel engine. The on-road diesel engine division is further sub-divided into heavy/medium trucks diesel engine, light trucks diesel engine, and light vehicles diesel engine. The off-road diesel engine division is divided into construction/ industrial equipment diesel engine, marine diesel engine, and agriculture equipment diesel engine.
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Global Diesel Power Engine Market: Regional Analysis
The Asia Pacific is projected to be the major global market for diesel power engine, which is likely to be followed by Europe and North America. The diesel power engine market in the Asia Pacific is majorly driven by the rising demand for consistent power supply, the growth of the manufacturing & process industries, and the rising power generation capacity in the region. The Asia Pacific market is anticipated to develop at the highest rate in the coming future. India and China are projected to be the biggest market for diesel power engine in the province. Furthermore, the diesel power engine market is likely to develop at a stable pace in south-east Asia and Australia. These aspects are projected to boost the development of the global diesel power engine market in Asia Pacific region.
Global Diesel Power Engine Market: Competitive Players
Some of the most important market players in the global diesel power engine market are Wärtsilä., Cummins, Caterpillar, Rolls-Royce, and MAN SE, among others.
Global Diesel Power Engine Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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