According to the new market research report "Diesel
Power Engine Market by Operation (Standby, Prime, and Peak Shaving), Power Rating (Below
0.5 MW, 0.5-1 MW, 1.0-2 MW, 2.0–5 MW, and Above 5 MW), End User (Industrial,
Commercial, and Residential), Speed, and Region - Global Forecast to 2025",
the Diesel Power Engine Market is expected to reach USD 7.9 billion by 2025
from an estimated value of USD 6.3 billion in 2020, at a CAGR of 4.6%. In Asia
Pacific, increasing electricity demand, and industrialization projects in the
countries such as China, Japan, India, and South Korea are the main factors
driving the growth of the diesel power engine market in the region. In North
America, and Europe the demand for diesel power engines is in large part driven
by the investments in datacenters, and other commercial facilities
.
Browse 111 market data Tables and 66 Figures spread
through 189 Pages and in-depth TOC on "Diesel
Power Engine Market - Global Forecast to 2025"
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=65999135
The diesel power engine market includes major Tier I and II
suppliers like Caterpillar, Cummins, Wartsila, Rolls Royce Holdings, and MAN
SE. These suppliers have their manufacturing facilities spread across various
countries across Asia Pacific, Europe, North America, Middle East & Africa,
and South America. COVID-19 has impacted their businesses as well.
The industrial segment is expected to be the largest diesel power
engine market, by operation, during the forecast period
Industries require standby power generation to be used in
the case of power outages or voltage fluctuations. Several large industries are
in remote locations where distribution supply is unavailable. In such
situations, industries need power generation to provide prime power and require
other sets of power generation for emergencies. Temporary power supply for projects
is another major application in industrial segment. Increased industrial
activity and investments in Asia Pacific are expected to drive the demand for
diesel power engines.
The Above 1000 rpm segment is projected to dominate the diesel power
engine market during the forecast period
Demand for diesel power engines from the industrial and
commercial sectors for standby power generation and peak shaving is the major
driver for demand in this segment. High-speed diesel engines which operate at
speeds of more than 1000 rpm are popular in low- and medium-power engine
segments. These high-speed engines offer advantages such as low initial cost,
better fuel efficiencies, low maintenance cost, and reduced overhaul frequency
and related costs. Industrial and commercial end users prefer diesel power
engines of this segment due to their quick-start capability.
Ask for Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=65999135
Europe is projected to be the fastest growing diesel power engine
market during the forecast period
In this report, the diesel power engine market has been
analyzed across five regions, namely, Asia Pacific, North America, Europe,
Middle East & Africa, South America. High growth in European market is
driven by the increased investments in datacenters owing to the demand from
global trends, digitalization, analytics, and cloud computing. Key policy
decisions by the EU, especially General Data Protection Regulation (GDPR),
which indirectly forces global companies to process European data on European
soil, are expected to drive the demand in this area. Emergency standby power is
required for datacenters to stay online in spite of the main power grid supply
interruptions. These factors are expected to drive the growth of diesel power
engines in Europe.
To enable an in-depth understanding of the competitive
landscape, the report includes the profiles of some of the top players in the
diesel power engine market. The key players include Caterpillar
(US), Cummins (US), Wartsila (Finland), Rolls Royce Holdings (UK), MAN SE
(Germany), Mitsubishi Heavy Industries Engine & Turbocharger (Japan), and
Volvo Penta (Sweden) are the key players in the global diesel power engine
market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on
30,000 high growth niche opportunities/threats which will impact 70% to 80% of
worldwide companies’ revenues. Currently servicing 7500 customers worldwide
including 80% of global Fortune 1000 companies as clients. Almost 75,000 top
officers across eight industries worldwide approach MarketsandMarkets™ for
their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are
tracking global high growth markets following the "Growth Engagement Model
– GEM". The GEM aims at proactive collaboration with the clients to
identify new opportunities, identify most important customers, write "Attack,
avoid and defend" strategies, identify sources of incremental revenues for
both the company and its competitors. MarketsandMarkets™ now coming up with
1,500 MicroQuadrants (Positioning top players across leaders, emerging
companies, innovators, strategic players) annually in high growth emerging
segments. MarketsandMarkets™ is determined to benefit more than 10,000
companies this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive intelligence and
market research platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper understanding of the unmet insights
along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
