Diesel Power Engine Market is Projected to Reach $7.9 billion by 2025 | Leading key players are Caterpillar, Cummins, Wartsila, Rolls Royce Holdings, MAN SE

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

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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"

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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.

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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.

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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.

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Volt/VAr Management Market 2019 Future Growth Explored in Latest Research Report by 2024

According to latest market research report "Volt/VAr Management Market by Application (Distribution, Transmission, and Generation), Component (Hardware and Software and Services), End-User (Electric Utility and Industrial), and Region - Global Forecast to 2024" The global volt/VAr management market is estimated to be worth USD 427 million in 2019 and is projected to reach USD 568 million by 2024, growing at a CAGR of 5.9%, during the forecast period. The market is set to grow due to a focus on the reduction of electricity losses in power distribution, a need to optimize power factor, and rising electricity demand.

Browse 112 market data Tables and 28 Figures spread through 145 Pages and in-depth TOC on "Volt/VAr Management Market - Global Forecast to 2024"

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The distribution segment is expected to hold the largest share of the volt/VAr management market, by application, during the forecast period.

The distribution segment is driven by investments in smart grids and a need to reduce power outages and faults in distribution feeders. Upcoming plans for upgrading the existing infra and new T&D projects in economies such as the US, China, India, the UK, France, Spain, Norway, Denmark, Belgium, and Ireland are expected to boost the volt/VAr management market growth during the forecast period.

The hardware segment is expected to dominate the volt/VAr management market, by component, in 2018.

Based on the component, the hardware segment is expected to grow at the fastest rate from 2019 to 2024 due to a need to reduce system-wide losses and minimize the distribution system & customer voltage variations. The increasing number of substation automation projects will drive the market during the forecast period.

North America is expected to be the leading market for volt/VAr management during the forecast period.

The volt/VAr management market has been analyzed for five regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The North American market is expected to lead the volt/VAr management market during the forecast period. Increasing investments in renewable energy and volt/VAr optimization projects in the utility sector are the key factors driving the volt/VAr management market in North America.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the volt/VAr management market. Some of the key players in the volt/VAr management market include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), GE (US), Eaton (Ireland), Open System International (US), Utilidata (US), Varentec (US), and Landis+Gyr (Switzerland). The leading players are adopting various strategies to increase their shares in volt/VAr management market.

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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.

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Busbar Protection Market Growth Analysis, Worldwide Trends, and Top Players and Forecast to 2023

The report "Busbar Protection Market by Voltage (Medium Voltage, High Voltage, and Extra High Voltage), Impedance (Low Impedance and High Impedance), End-User (Utilities, Industries, and Transportation), and Region - Global Forecast to 2023", The busbar protection market is expected to grow from an estimated USD 3.20 Billion in 2018 to USD 4.31 Billion by 2023, at a CAGR of 6.10%, during the forecast period. The market is set to witness growth due to the adoption of smart grids and HVDC technology in the utilities sector and create new revenue pockets for the market during the forecast period. Furthermore, favorable government policies coupled with increasing emphasis on renewable energy sources globally would boost the growth of the busbar protection market during the forecast period. Delays in grid expansion projects act as a restraint for the busbar protection market.

                                                                           

Browse 68 market data Tables and 32 Figures spread through 137 Pages and in-depth TOC on "Busbar Protection Market - Global Forecast to 2023"

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The utilities market is expected to be the largest busbar protection market, by end-user, in 2018.

The utilities segment accounted for the largest share of the market in 2017, while the transportation segment is projected to grow at the fastest pace among all the end-user segments. Growth in demand for the reliable delivery of electric power led to increased investments in the transmission & distribution infrastructure, which is likely to create the demand for busbar protection systems in the utilities segment.

The low-impedance segment is expected to hold the largest share of the busbar protection market, by impedance, during the forecast period.

The low-impedance segment is the fastest growing market during the forecast period and is projected to dominate the market during the forecast period. Development of microprocessor-based low-impedance relay is the main driver for the growth of the low impedance busbar protection market. Countries such as the US, India, China, the UK, and Norway are investing in developing HVDC, UHVDC, and UHV network for transmitting power from remote locations to conventional power plants as well as renewable power plants, which is expected to create the demand for low-impedance busbar protection systems during the forecast period. Furthermore, increasing investment in the smart grid and smart substation is expected to create the demand for microprocessor-based low-impedance busbar protection systems.

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Asia Pacific: Key market for busbar protections market during the forecast period.

The Asia Pacific market was the largest market, by value, for busbar protections in 2017, driven largely by China. Asia Pacific is the most populated region in the world and consequently witnesses high demand for electricity. A rise in investments in smart grid technologies and smart cities is creating demand for necessary transmission & distribution infrastructure, which in turn, is likely to create demand for the busbar protection market in the region. China accounted for the highest installed generation & distribution capacity in the Asia Pacific region, resulting in an increased demand for transmission & distribution infrastructure. Despite the fall in feed-in tariffs for solar energy, Japan is becoming a hub for renewable power and is attracting foreign investors in the power sector. For instance, Goldman Sachs is expected to invest approximately USD 487 million in Japanese renewable projects. These developments in the Japanese power sector are likely to enhance its power generation capacity. These investments in Japan are expected to improve the operation of utility firms and help secure the reliability of grid networks from power outages.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the busbar protection market. These players include ABB (Switzerland), Schneider Electric (France), GE (US), Siemens (Germany), Mitsubishi Electric (Japan), NR Electric (China), Toshiba (Japan), Eaton (Ireland), and ZIV (Spain).

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