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.
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