The global diesel power engine
market was valued at USD 7.46 Billion in 2016 and is projected to reach
USD 9.13 Billion by 2022, at a CAGR of 3.78% during the forecast
period. The increasing demand for uninterrupted and reliable power
supply in developing countries and the growing urbanization and
industrialization are the major factors driving the diesel power engine
market.
Browse 69 market data Tables and 45 Figures
spread through 144 Pages and in-depth TOC on “Diesel Power Engine Market
by Operation (Standby, Prime, and Peak Shaving), Rated Power (Up To 0.5
MW, 0.5–1 MW, 1–2 MW, 2–5 MW, and Above 5 MW), End-User (Industrial,
Commercial, Residential), and Region - Global Forecast to 2022"
The
standby segment is expected to hold the largest share of the diesel
power engine market, by operation, during the forecast period.
The
standby segment is expected to hold a major share of the diesel power
engine market during the forecast period. Standby engines are used in
hospitals, datacenters, shopping malls, and others. The increasing
electrification rate in developing countries along with increased
spending in improving transmission and distribution network is
anticipated to drive the standby generator sales during the forecast
period. Market players such as Caterpillar, Cummins, MAN SE,
Rolls-Royce, Mitsubishi Heavy Industries, and Kohler offer standby
engines for power generation.
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The
Industries segment is expected to be the largest end-user segment of
the diesel power engine market during the forecast period.
The industries segment
is expected to be the largest diesel power engine market from 2017 to
2022. This segment is expected to grow at the highest rate during the
forecast period. The major industries include cement, datacenter, metals
and mining, automotive, and oil & gas. These industries require an
uninterrupted and reliable power supply. Moreover, diesel power engines
are deployed by end-users to address problems such as load shedding,
load restoration, emergency backup, and power generation in remote
locations among others.
Target Audience:
The report’s target audience includes:
- Diesel power engines manufacturers and suppliers
- Raw material and component suppliers
- Consulting companies in the power sector
- Manufacturing and process industries
- Electric utilities
- Government and power research organizations
Asia Pacific: The fastest growing market for diesel power engines
In
this report, the diesel power engine market has been analyzed with
respect to five regions, namely, Asia Pacific, North America, Europe,
the Middle East & Africa, and South America. The market in Asia
Pacific is expected to dominate the global diesel power engine market
due to the increasing demand for reliable power generation and
urbanization in the region. The Chinese market is expected to dominate
the diesel power engine market in the Asia Pacific region. Also, the
diesel power engine market is expected to grow at a high rate in India
and South-East Asian countries. Increasing manufacturing activities and
power generation capacity additions in these countries are the key
factors driving the growth of the diesel power engine market.
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The report includes the profiles of some of the top players in the diesel power engine market
to enable an in-depth understanding of the competitive landscape. These
include Caterpillar (US), Cummins (US), MAN SE (Germany), Rolls-Royce
(UK), and Wärtsilä (Finland). The leading players are trying to
establish themselves in developing economies and are adopting various
strategies to increase their market share.
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
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