According to the new
market research report “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 diesel
power engine market is estimated to grow at a CAGR of 3.78% from 2017 to
2022, to reach a market size of USD 9.13 billion by 2022. Diesel power engines are used for power generation by end-users such
as industries, commercial, and residential. The rising demand for reliable
power and growing urbanization are some of the factors contributing to the
growth of the diesel power engine market.
Browse and
in-depth TOC on “Diesel Power
Engine Market”
69 - Tables
45 - Figures
144 - Pages
Download PDF Brochure @
Asia Pacific is
estimated to be the fastest growing market for diesel power engine from 2017 to
2022. The increasing need for power generation, particularly in China and
India, along with rising investments in manufacturing, commercial complexes,
process, and other industries, has increased the demand for a constant supply of uninterrupted power.
Downtime in any industry is costly, and
quick start power generation can aid in improving the overall plant efficiency
and minimize unwanted cost overruns. These factors are expected to drive the
growth of the diesel power engine market in Asia
Pacific. China and India are estimated to be the two largest markets for diesel
power engine in the region in 2017. In addition,
the diesel power engine market is
expected to grow significantly in countries such as Australia and
Bangladesh during the forecast period.
The standby segment is expected to be the fastest-growing segment of the diesel power
engine market from 2017 to 2022. The growth of this segment can be attributed to the widespread application of
backup power across various end-users. The use of standby engines in commercial
buildings, residential societies, and industrial applications in case of power
interruption and backup applications in CHP and other power plants has also
resulted in the higher demand for standby engines. Asia Pacific and South America are estimated to be the fastest
growing markets for diesel power engine and offer lucrative business
opportunities for standby manufacturers.
The 1 MW–2MW segment is expected to be the fastest growing
market, by power rating, from 2017 to 2022. The diesel engines of this power
rating find application in large
residential areas and industrial applications. The 0.5MW–1 MW segment is expected to grow at the second highest CAGR
from 2017 to 2022 as these are used in
large applications in commercial spaces and universities. Thus, there
are lucrative business opportunities in the 1 MW–2MW and 0.5MW–1 MW segments.
Browse
Research Report Summary With Complete TOC @
The industries
segment is expected to be fastest-growing diesel power engine market, by
end-user, from 2017 to 2022 due to increasing industrialization in
developing economies. The major industries that use diesel power engine include
cement, pharmaceutical, datacenter, metals and mining, automotive, oil &
gas, and paper and pulp. Various
operations in these industries require an uninterrupted
power supply, which helps to enhance the productivity. These factors are
expected to create new revenue pockets for the diesel power engine market
in the industries segment during the forecast period.
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